Recent content by PhilRichards

This is the first case I have read and it has been a most interesting read and it is great to see that other people can find information out that will prevent them being scammed by certain companies. In the meantime it is sad that the original complainant may have lost money and I thank them for...

I have passed through a time when I seemed unable to avoid taking reckless trades on impulse that were outside the parameters of my strategy. I found it quite distressing when it happened even more so when it happened repeatedly with me thinking at the very time I did it that it was crazy. I...

I have been trading with Dukascopy for most of 2013 and have found JForex to be a reliable platform which gives me what I am looking for as a iMac user who doesn't want to run MT4 on an emulator. I have encountered no issues with execution and have found the online chat very useful to resolve...

With your current plan you could perhaps consider the Positive Expectancyof this method. The PE is (Average Win*Probability of Win)-(Average Loss*Probability of Loss) and if above 1 you have a statistical advantage in winning. So in this case you describe assuming every TP is 6 and has a...

Hi Mason I think that I would start by asking some different questions: 1. What is your likely % of winning trades? If you know this you can work out your stop loss after answering the second question. 2. What % risk per trade can you take? I think you can only know this after...

That sounds like an awful experience and it seems unthinkable that an experienced money manager would lose 100% of an account on 1 trade and so I hope you manage to find out why this occurred.

Yes, I am interested to see if the interest rate differential between the Uk and the EU makes a difference to the movements of the EUR/GBP.