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sergso
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http://priceactionlab.com/Demo/demo.html DLPAL S is free for two months for anyone interested. I tested the code in Multicharts, Amibroker and Quantopian and it works. This is a good program. Why buying anything when you can use this for as long as you want in a backup computer you can reformat after trial expiration.
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Good article. Thanks.
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How long does it take to become a successful trader?
sergso replied to kingston's topic in Beginners Forum
I saw this a few days ago and how random trade entries perform and I thought that the gurus have been fooling us all along with useless setups. A Random Walk Up And Down Wall Street -
70-30, trade small and more frequently, big bets will get you at the end.
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Fooled by Technical Analysis
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What Every Trader Must Know About Drawdowns
sergso replied to analyst75's topic in Trading Psychology
This is good timing for this post:) -
You must have an edge to cover trading expenses and adverse moves from market makers. This is an excellent blog that provides statistics for day trading efficiency.
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I have three suggestion to make to you risk management, risk management and risk management
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You can do that with currency futures. they have options.
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Yes, it is psychology combined with math, a difficult match.
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Honest and true answer.
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Besides broker quality read this before getting involved with forex.
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The 95% failure rate comes from the 5% confidence level that is necessary to guarantee profits in the longer-term.
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Because you I can backtest them.
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Day traders with small accounts mostly that cannot cover the spread long term. This is another good article with analysis: Frequent Retail Forex Trading is a Losing Negative-Sum Game | Price Action Lab Blog