No Stop Loss = huge losses (sooner or later) 500% gains are nice..... 700% gains are better.....a 100% loss is devastating . Jacko

EURUSD

I am sorry...I never answered the question properly, Investopedia describes hedging as: " image The primary methods of hedging currency trades for the retail forex trader is through: Spot contracts, and Foreign currency options. Spot contracts are ...

EURUSD

NOOooooooo !!!!!! Don't go there.... For a trader to ask this question, it usually means you are in a loss position and you are trying to stop the pain by taking an opposite position to the one you are in. Unfortunately this results "locking in" ...

EURUSD

Hi billye I really don't mean to be rude but Duh !!! YES!!!! . Jacko

EURUSD

From Post #4 on the first page of my thread url Fifthly the is a tendency for newbies to "PANIC" when the market goes a little against them This is due to: 1. Probably scared to lose money 2. Probably undercapitalised 3. New to ...

EURUSD

Hi billye Patience determines which trades to get into The Stop Loss decision should be made BEFORE you enter the trade...so the only discipline is to make sure that you put it in place when you place your order . Jacko

EURUSD

Hi Trading801 LOL...."Negatively capitalized"...I like that description (though I wouldn't like being in that position). I suggest that you learn how to trade properly, then practise on demo until you are comfortable with the trading platform, then ...

EURUSD

The next G20 meeting will be a very important meeting in the history of the US dollar. After pumping Trillions of of newly printed USD dollar bills into the economy, and promising that they will continue to do so into the future....leading to a ...

Jacko's Forex House of Pleasure and Pain

Also look for a relaxation of the "mark-to market" rule. See here for an entertaining insight url - . Jacko

Jacko's Forex House of Pleasure and Pain

Hi all, Today will be a very important day in the history of the US dollar. Later this, morning Tomothy Geithner will outline the details of the administration’s long-awaited plan to create a government body called the Public Investment Corp., ...

Jacko's Forex House of Pleasure and Pain

Hi Money4Nothing, I am not sure why you are posting huge charts of the GBP/USD here. (maybe these belong in the GBP thread) I also don't understand why you have soooo many trend lines on your charts. One trend line is all you need..the major one I ...

Jacko's Forex House of Pleasure and Pain

Hi FxRecon Thank you for your kind words. They are really appreciated . Jacko

Jacko's Forex House of Pleasure and Pain

HI All, The last five pages (starting from page 444 post # 6660) has been an interesting discussion on WHY people trade.... It is well worth reading if you were not in the relevant times zone as it was developing. . Jacko

Jacko's Forex House of Pleasure and Pain

They say that any person who lusts after a Ferrari or a Lamboghini hasn't had one. Once you have had one you don't want another one of them...LOL . Jacko

Jacko's Forex House of Pleasure and Pain

Hi Fugly, If you tell us all your name, your address, where you work, how much you earn per month, and show us your last years tax papers, I will tell you whether I am one of them . Jacko

Jacko's Forex House of Pleasure and Pain

Traders who are successful are doing EXACTLY what they want to do. They are trading!!!! (and making more money than they can ever spend...though Mrs Jacko tries very hard..LOL) And I assure you I rarely sit in front of a monitor. .Jacko

Jacko's Forex House of Pleasure and Pain

Hi Money4Nothing If you were a rich trader and you loved trading, what would you do while you wait for a trade?? (Exactly like I am doing at the moment) I want to talk to others who were passionate about trading. Now I could talk to brokers, but ...

Jacko's Forex House of Pleasure and Pain

Hi James 16 Thanks for your very kind words. I think that there are a number of very talented traders who post on this Forum and you are top of the list. (I can't believe that this is only the first time I have communicated with you..). I hear many ...

Jacko's Forex House of Pleasure and Pain

Hi Chicky, 1. I wasn't scalping. I was setting the trades up to be longer term trend trades but our in-built safety rules allowed us to make money even when the market turned out to be a very tight ranging market. 2. No. There is a G20 meeting this ...

Jacko's Forex House of Pleasure and Pain

Can a trendtrader make money in a tight range market — Hi all, Can a trendtrader make money in a tight range market? In a day when the market had a total range of less than 100 pips (1,2957- 1.2861= 96 pips), and spent 95% of that time in a ...

Jacko's Forex House of Pleasure and Pain