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- peterM replied Nov 16, 2007
If my life savings was $100k, I might want to risk less per trade if I was trading 100k rather than 10k. Same MM rules and everything, just less risk per trade so it is more conservative. I always look at the worst case scenario when trading, so I ...
$100,000 account?
- peterM replied Nov 15, 2007
I think a lot would depend on how big a chunk 100k is of your net worth.
$100,000 account?
- peterM replied Nov 15, 2007
there is dailyfx.com but personally I don't trust anyones analysis apart from my own. I think with trading you yourself are the holy grail or least you have the potential to be.
Where i can find daily analysis about EUR/USD pair?
- peterM replied Nov 15, 2007
hmm.. that is tricky, usually for live news u need to pay for a service. bloomberg.com can give u the data but it will be lagged. newsstrike is free, that might do what are you looking for.
looking for realtime fx broadcasts
- peterM replied Nov 15, 2007
I can't see the dollar making huge gains on the dollar in the near term.. not with all the subprime losses lingering, but anything is possible. A major carry unwind would probably help the dollar a lot.
Who is waiting a USD rally soon?
- peterM replied Nov 15, 2007
that really is impossible to answer.. Some traders will be doing well this month, others will be doing badly. Don't forget all months are bad to most traders as most traders lose.
Most Favourable Month
- peterM replied Nov 15, 2007
Yeah.. I have hardly traded either this month. I was long on cable from 2.0350, I TPed at 2.10. I wanted a drip to get back in, We have the dip, but until the longer term trend starts to resume I will probably stay out. It is the same for loonie. ...
BAD November?
- peterM replied Nov 15, 2007
I don't think the fed will change the benchmark rate for a while after today's inflation report.. What do u guys think?
Cable Update (GBPUSD)
- peterM replied Nov 15, 2007
an EA for MT4 might be the easiest way to go. If you can't code EA's you may need to find someone to do it for you.
How to backtest system with past data?
- peterM replied Nov 15, 2007
I'd be interested to see it, I've not heard of that one.
Metastock Pro Fx
- peterM replied Nov 15, 2007
i would rather go long on eur/jpy than gbp/jpy at the moment.. the inflation report will hurt the GBP i think
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Nov 15, 2007
I wonder when oil will break the $100 barrier.. good news on supplies, it might keep it below 100 for a while.. we will see.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Nov 15, 2007
yeah.. spread will be wide as it is not liquid. but going long on the real could earn a nice carry interest.. I am not sure but the rates were 11.25% last time I checked.
Exotic pairs, Brazil Reais/US dollars?
- peterM replied Nov 15, 2007
noone can answer that question! I don't try to pick tops and bottoms, i just go with the trend.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Nov 15, 2007
it might work, but seems against a strong downward trend on the daily chart
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Nov 15, 2007
the use is some traders like to hedge their long carry pairs (like NZD/JPY) by using a broker that doesn't charge interest for the short side.
Interest free brokers (for non-muslim)
- peterM replied Nov 15, 2007
yes, that is true.. I read that on the bbc news site a few days ago.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Nov 15, 2007
One of the best thing to do is read this forum, then read it again. It contains more help information than any paid course. It is freee and you can ask people for help if you don't understand something :-)
forex education