Comments on: Useful tips for traders – Part I

By: vick

vick — Tue, 03 Aug 2010 09:51:17 +0000

great article
sir

By: Useful tips for traders - Part II | innerfx.com

Useful tips for traders - Part II | innerfx.com — Sun, 06 Sep 2009 16:18:20 +0000

[...] I continue the educational articles’ series by adding some more tips. In case you have missed the first part, here it is: useful tips for traders,1’st part [...]

By: Liviu

Liviu — Fri, 21 Aug 2009 17:55:44 +0000

Thanks. I will continue on part II sometime soon.
On your second question: 2:1 on intra-day, preferably more on short/medium term.

By: tu

tu — Thu, 20 Aug 2009 17:35:31 +0000

Liviu, forgot to ask what you consider to be a good average win/loss ratio would be.

Thanks,

By: tu

tu — Thu, 20 Aug 2009 17:32:46 +0000

Great article Liviu.

You are down to earth and portrait it in your commentaries… you have a good way to look at the market and the psychology that is heavily weighed on it. I can see that this site will boom in no time.

And yes, I agree as well that a person’s psychological approach can be messed up when approaching trades… even if the commentaries are right. A subconscious bias secretly plays the mind to take inappropriate positions at times.

Excellent article Liviu,

Now on to Part 2

By: Liviu

Liviu — Sun, 16 Aug 2009 10:41:34 +0000

Thank you for commenting.
niajy, I don’t mean that scalping is suicide: it is a trading style that consumes more time than others but should not be done excessively, for some reasons like: overtrading (which could be very problematic) and illiquidity during specific hours (especially Asian session which is quiet). Allowing time for other activities certainly helps, by freeing the mind and not becoming anti-social.

If something goes really wrong in the morning (starting on the wrong foot), like taking a bad trade, it is unlikely to do better for the rest of the day, since morale is down. A “recharge” is required so it is better to stay away from the trading platform and do other things. This is actually a subject on article’s Part II.

By: niajy

niajy — Sat, 15 Aug 2009 20:29:07 +0000

great article, actually when u make big mistakes u understand how people get manipulated by brokers, bloomberg, cnbc… and all these commentaries recommendations and forecasts even from ubs, credit suisse and other speculators are 80% wrong!!! dont you ever ask yourself why they are 80% time wrong and still make profit on FX?!! yes that’ right if 95% are losing money there is still 5% who make BIG money… it’s like in poker even if you have a better combination, you can lose just because your opponent goes all-in and he takes you by volume…

“Use the precious time for other activities and don’t become addicted to your charts by staring at them for all day long – walk the dog,…”
agreed but you mean scalping is suicide?

thnx good luck

By: lukasz Tatys

lukasz Tatys — Sat, 15 Aug 2009 17:06:22 +0000

Consensus ;)