Quote: (11-20-2014 11:34 AM)JoeMusashi Wrote:
If you want to trade into FOREX make bets only with money you're willing to lose.
Same goes for stocks.
You cannot compete with Wall Street's traders or professional traders from big banks AND you cannot compete AT ALL against the HFT (High Frequency Trading) Platform they use most of the times.
Good point. Having worked in a few banks. The big banks have a massive informational edge over retail traders. Unless you have a model/system that manages your risk effectively you will lose long term.
Me personally I cut losers vicioulsy. I dont care if they eventually turn in my favour, have a method of managing risk and you will always play this game.