100% agree. You're much better off taking a micro account. One of the biggest obstacles in fx trading is getting your mind right - and with demo, that's just not there. You can make a million on demo - then lose the same in a live account in half ...

Whats the big fuss with demo vs real?!

Great post Newstrader - and thanks for you insights this week. Hope you are back to stay

FX News Trading For The Week Of 3/19

Hey Steve I'm one of those 'viewers' that Iso referred to - I check in every day to see how you're doing! I think you have a great system, a great attitude and your discipline is an inspiration! Keep going!

Steviet's Live Trades!

Have a great trip BK - sounds amazing!

BK out next week

Which were crappy.

BOE Meeting Minutes

I know - seems the recent drought has sent them all packing!

GBP CPI

CAD CPI was a stormer too - good day for news traders.

GBP CPI

That was awesome - and is still going by the looks if it.

GBP CPI

Yay!!! Newstrader is back! Don't leave us again

FX News Trading For The Week Of 3/19

I would like to know what your carefully planned contingencies are......

You get into your trade, and suddenly nature calls...

Hi Scott - Do you trade forex futures? Just something that interests me - there must be some serious downsides otherwise everyone would be doing it..

Is it possible to do away with online brokers

2 nfp's in a row making very little impact - maybe news trading really is dead.

NFP March 9

my - what a dud. Not so scary after all, the analysts were spot on this month - so i assume people were trading the 35k revisions. CAD trade balance was the best option today

NFP March 9

Storming Friday! — Well, it's busy day tomorrow - Ind Prod out of UK, CAD Employment (which has recently been a huge mover), NFP,US Trade Balance and CAD trade balance at the same time. I hate NFP anyway - and often don't trade it as it scares ...

NFP March 9

Anything that deviates from the expected has the potential to move the market. So, yes if rates were widely expected to be hiked, and they weren't you could see a large move. As for Clarvoyance to predict the outcome, I'm not so sure..... Good ...

EUR: ECB Will not raise Interest Rates on Thursday

mmmmm. Well that was worth waiting for. Not.

NZD Interest Rate Statement

I agree with you cesarnc - it's going to be fun - and a no hike would be awesome. I guess we will know in 3 1/2 hours

NZD Interest Rate Statement

I was thinking the same thing - if no hike I think NZD will head south with a huge move. General consensus is rates will be raised for the first time since Dec 2005 - 13 out of 14 analysts interviewed by Bloomberg confirm this view. But seeing as a ...

NZD Interest Rate Statement

Turned out to be a good trade - picked up 19 pips

AUD GDP