You better get out of the way my friend, the YEN really means business at the moment, look at the magnitude of that move! I am waiting to go long at 77.80.

USD/JPY Discussion

Again the answer is still yes. Let me give you an example. First look at my earlier post here : url Now here is an update on this trade, see the chart below. As you can see, we used a 100-hour simple moving average to exit this AUD/CAD trade with ...

Why exactly do EMA crossover systems not work?

You cannot backtest trendlines, unless you can mathematically define them. And unless you can objectively define and test the trading rules of your system on 10 to 15 years of data, you cannot know if it is a winning system.

Donchian Channel and other breakout methods

We ran out of nothing. Bread becomes more and more expensive over the years not because we are running out of wheat (we have enough wheat to feed 2 planets) but because of inflation. And we have inflation because we allow central banks to print an ...

How did 'rich' economies get so in debt?

Good post my friend, money has always been used to enslave people by debt! Thomas Jefferson wrote, almost 200 HUNDRED years ago : "If the American people ever allow private banks to control the issue of their currency, first by inflation and then by ...

How did 'rich' economies get so in debt?

The real question is not "WHY people and entire countries are in debt", but WHO is the lender? Think about that for a moment...

How did 'rich' economies get so in debt?

Pietpip, there is no such thing as "more" winners than losers, brokers simply transfer the losers's money to the winners and collect the spread (or at least this is what they are supposed to do....), just like the people in charge of the Lotto ...

How can a broker work against you??

AQs, I simply answered the topic's question : "How can a broker work against you". I am in NO way implying that traders lose only because some brokers play tricks on them on occasion. Traders lose because their system has no trading edge to begin ...

How can a broker work against you??

In the US, at least 69% of traders lost their money during the second quarter of 2011, take a look at the sobering stats below. After a year, according to ex Forex (and Futures) employees and other insiders, over 90% of traders lose money. Think ...

How can a broker work against you??

Here is another clever forex trick. As you know, Forex brokers now publish the success rate of their customers. For example FX broker ABC would say : On the first quarter of 2010 35% of our customers made money. On the second quarter 33% made money, ...

How can a broker work against you??

Well well, it seems that this thread is attracting of lot of Forex brokers who are more than eager to defend their interest... Especially from the Canadian side, a great country by the way, I should know I lived there for 2 years as an exchange ...

How can a broker work against you??

Is that so? Take a look at this video and you will see how Forex brokers can steal from their customers on a daily basis. I am not saying that they are ALL dishonest but just watch what they can do to your Forex account... url

How can a broker work against you??

Those of you who are interested can find Part 2 to 4 here. Part 2: video Part 3: video Part 4: video Please do NOT watch Part 5 and the other anti-religion videos in these series, it is just pure garbage!

How did 'rich' economies get so in debt?

To even begin to understand how the debt system works first take a serious look at this video, Marwan2010: video

How did 'rich' economies get so in debt?

I do not like or even tolerate vulgarity, so let us stop this discussion right there, shall we?

How can a broker work against you??

You call that an answer? Anyway Max from beautiful Panama, have a good weekend.

What if I reversed all my orders?

This is EXACTLY what they want you to believe! In reality, Forex brokers rely on a constant supply of "fresh meat" (err....I mean new customers) to stay in business. Don't forget, 90% of traders lose money in less than 3 to 6 months and simply ...

How can a broker work against you??

Let's say you run a Poker room from your house. Let's also suppose you can see all the player's cards via some secret mirrors. What is more profitable for you in the long run : Collect a fixed entrance fee from each player ($20 for example) or ...

How can a broker work against you??

Sure, but did you backtest this idea on 25 currency pairs with at least 10 years of historical data? It is easy to say "do this and do that ", but where is the proof that it is a profitable idea/system??

What if I reversed all my orders?

Well they say Forex brokers make money with the spread and the rollover. In reality, they can make much, much more money if they simply bet against you and hunt your stop, that way they take and pocket your ENTIRE position. They know and see where ...

How can a broker work against you??