Recent content by Brumby

Define "best".

I totally agree. I can never understand the utility of hedging as a trading strategy. The idea of no risk is simply delusional. There is always risk except you don't know until it hits you. It is known as uncertainty. You cannot identify or quantify the event as they operate outside of your...

Unfortunately this question falls into the camp of "how long is a piece of string?" The immediate problem is that there is no "one size fits all" approach to trading. The pathway in a traders journey is one that is of self discovery. The journey unfortunately will be convoluted because the...

I have seen so many times the conditional statement "if" expressed as a mathematical equation to argue for that theoretical path to untold riches in forex. The problem with the argument is not that the path is linear and exponential but how it is never expressed in terms of probabilities. As a...

My sympathy on your situation. I don't trade minors for the simple reason that liquidity and consequently spread becomes a major problem. However given your situation I would suspect the spread had to be in excess of 200 pips when it stopped out your position. This seems rather excessive even...

Try Financial juice. It is real time news and just as good as Bloomberg news but is free. There is a voice squawk and so you don't have to even refresh.

Interestingly I have not noticed any of their ads in Sydney. Their performance in my view are claims and are not verifiable or verified by any third party. Such performance claims are quite common with signal providers and unfortunately in this business can be populated by many scamming sites...

Cut your losses and press your winners. That is the "holy grail" in trading. Traders in general cannot follow this path. It is not a methodology issue but a psychological one. This is the main reason why traders failed because it is counter intuitive in nature. FXCM released a research last year...

Trades outcome is random and invariably you can be profitable simply by luck and the randomness in the distribution of events. If you apply Martingale money management you may even be lucky and thrive in profitability for a year or two before your account gets blown. Additionally even if you are...

Trading is simple but not easy. After all, the currency pair that you trade can only do three things : up, down and sideways. Whilst a demo account is a useful platform for strategy testing and development, one needs to understand that there are components in skills development that are...