I have been doubting my courage to risk all our discretionary savings to the dice more and more. I am enjoying this hobby and my wife would make me give it up if I lost that much money. I just occasionally think that it's a waste of time at $7.50 an ...

Big News - Bond traders please contribute.

I have only been trading for three months but a piece of good advice I read before I started that I have not seen in this thread is... Keep a diary of all your trades with notes that include your reason for entering and your reason for exiting. url

If you could go back - one Forex thing you'd tell youself?

Thanks plymgary. Okay We have three scenarios... 1. Australian Bonds getting downgraded to AA+ (short on the Aussie). Any announcement is probably a long way off and a downgrade would depend upon continued high levels of deficit spending. 2. Trump ...

Big News - Bond traders please contribute.

I wasn't suggesting that you called me a chump, I was calling myself a chump. I need to quickly multiply my equity by a factor of ten so I'm planning to break my risk management strategy in a big way and risk 70% of my capital on one trade. Read my ...

Could Leverage Wipe Out My Account?

Sorry mw108, that was harsh. I'm new to financial speculation and I'm taking trades on the daily charts based on technical analysis which is helping me to gain an understanding of the impact of the news on the markets. I'm averaging about 3% a month ...

Big News - Bond traders please contribute.

There are numerous examples of 500 pip moves, there is almost always one every year or two and the near misses are far more common; Brexit was closer to 1,000 pips and my example could render a 500 pip plus move if it came to pass. Have you even ...

Big News - Bond traders please contribute.

I take two lines of best fit, one above and through the lows and one above and through the highs and then I take the distance between them in the middle of the area of correlation. If the chart is showing periods of congestion and then sharp moves ...

Could Leverage Wipe Out My Account?

It sounds like it would take a lot of study srt and honestly I'm more interested in macroeconomics than finance; that's what attracted me to the Forex in the first place. Also, as I said, I am not much of a gambler I just need one huge home run in ...

Big News - Bond traders please contribute.

I only have AU$10,000 to play with and I want to turn that into AU$1,000,000 and buy a nice house in a quiet suburb within ten or twelve years. I need one big risky bet that will pay eight or ten to one to get me started or the hourly rate I would ...

Big News - Bond traders please contribute.

I know they are rare but I have only ten hours a week for trading and in any case I wouldn't want to make a habit of going all in at 100:1. I can wait a couple of years for my one big make or break gamble and then, depending on the outcome I will ...

Big News - Bond traders please contribute.

Going back to the original question, I don't think lots of study is necessary in order to trade the FX market or any market for that matter. I believe that unless you are going to come up with a mathematical certainty or help to write a winning AI ...

Is trading really that hard?

I'm a newb too but. I don't know how your broker works but mine doesn't set a stop loss at the bottom of the used margin automatically and if I did what you are talking about I would end up getting a margin call. A margin call comes when your ...

Could Leverage Wipe Out My Account?

I'm a newb to financial speculation but I'm pretty sure that currencies are not traded in any stock exchange. It is an over the counter interbank market and that means that any big bank that is open is participating in creating the market. There is ...

Where is Euro traded? And what is its timezone?

I don't know where you got your 99% losers figure from, the stat I have heard several times is that 1 in 4 day traders make consistent profits, so; 75% losers. I play a mean hand of poker so I figure it's worth a shot. My plan is to get a duel ...

Why 99% of traders lose money