I was just reading my daily P/L statement from my broker, looking back at another nights work, then for the first time my eyes drifted over the fine print. So often our eyes just glaze over the fine print and we just mindlessly click our way through agreements all the time. Such is the case with my daily P/L statement. I just read the bottom line and look at where I went right and wrong. But this time I read the fine print:

“Please report to us within 24 hours if this statement is incorrect. Otherwise this statements will be considered to be confirmed by you.“

My heart sunk, when I suddenly realized that I had only 24 hours to deal with all the usual broker shenanigans around misquotes and requotes. I started to wonder what else I had agreed to when I hastily signed up with my broker?

If you have spotted anything unsettling in the fine print I would be keen to hear about it.

Analysis of your trading records can give you a great insight into your trading. If you are a metatrader user you already get some basic analytics available to you as part of getting your detailed statement. However, if you are like me, this statement does not quite give you enough analytics about your trades to really help you improve your trading. (more…)

I have a quick question.  I am tired of looking at martingale based systems that have a high win rate, but a small to medium chance of blowing up your account.  Can anyone recommend an expert adviser that:

• doesn’t use martingales;
• uses stops instead of hedging; and
• has a stop that is tighter than the profit target (i.e. with a 2R - 4R profit/loss ratio)

In other words I am looking for a good old fashioned expert adviser like the basic trading texts recommend.  Does such a thing actually exist?  Can anyone recommend one that they are actually trading real money with?

thanks

I have received some feedback on my previous review of forex funnel.  In line with the comments I have updated my review and you can find it here.

This is just a small note to let you know I have updated my Pipforia HGM review. Since I last posted a review I have completed Pipforia’s e-class and traded HGM with real money. The review has been updated to reflect this experience. You can find the updated review here.