Recent content by ilportofino

As having a BSc degree in Engineering does not mean that you are a good engineer, the same applies here. In fact, you need to be much more better if you desire to be a consistently profitable trader. I don't know your situation; but, most people think that reading lots of strategy books, knowing...

Without a proper understanding of the meaning of having a positive expectancy in the market, a newbie should never trade. Watching chart in demo account doesn't provide anything. Step 1 Learn TA and FA, Step 2 Find a system you think that it will work for you, Step 3 do back test with at least...

The problem with 40% is that you MUST not let your account to fall to its 40% value if you haven't calculated it in your back test, not the broker.

Which version is this ?

Never ever use any of EAs before properly backtesting it. It's a short-cut to be broken.

Extensive knowledge in both TA and FA, a strategy that is suitable for your life, proper back testing methods, calculating your edge with all factors, and solid psychology to use what you have already designed in the real market.

Every single newbie trader should take into account the famous quote in Robert Miner's "High Probability Trading": if you are risking more than 2% per trade, and more than 6% at the same time (let's make it 10%), you should probably look for a full-time job. Most people are stuck the concepts of...