I don't think so. You just have to take into account not only the trend in the currency pair that you trade (Y/X) but also the trend in X/SGD in your case. But since the loss/gain in the second pair isn't leveraged by the broker, the size of it ...

Base Currency of Trading Account

And what to do with the London/U.S. sessions' intersection?

Which pair move more during US session compare to london session?

You can click on Details near the indicator in the calendar and then click on the report link and usually you'll find the exact numbers there.

fundamental release

Yes, broker automatically converts your SGD to USD to go long in EUR/USD currency and yes, you'll lose if USD/SGD rate drops while your position is open. The same happens when traders with USD-based account trade with EUR/GBP, GBP/JPY and other ...

Base Currency of Trading Account

As far as I know, only spread betting is tax free in UK. I doubt that Forex trading is tax free in Italy. Whether he'll be able to trade with the UK companies depends on the exact policies of the particular companies, but in general there shouldn't ...

Trading in / from Italy

Yes, you are right about the sizes.

Lot size, contract size, max position ?

1. Using Forex tick data to practice isn't very productive in my opinion. It's hard to trade based solely on the quotes' changes. 2. Trading on demo is almost the same as trading on real account, but you should keep in mind that execution may be ...

ways to practice / backtest trading strategies?

Any MetaTrader broker offers all these 3 ways . You can download tick data (OK, not tick, but M1) in it, you can use it for demo and you can test strategies in MetaTrader.

ways to practice / backtest trading strategies?

Looks like you were right .

Fool Proof Trading..

You can't earn "consistently" in Forex. Trading involves a lot of probability-based events, which makes the overall profit/loss rather unpredictable.

The general strategy

I think that inflation no longer plays that role in gold's appreciation. CPI was minimal in 2009 in U.S. (2.7%), while the gold rose 33.9%. Gold has become a very speculative asset with a rather unusual behavior. It gains when other investment ...

Gold Discussion

There is no contradiction. These two scenarios can follow each other. We can see gold down and dollar up for the next few months and then we can see dollar going down. And at some moment we might even see a decoupling of the dollar/gold trends.

Gold Discussion

Why so sure?

Gold Discussion

EUR/NZD is strongly inversely correlated with NZD/USD, while the correlation with EUR/USD exists, but is quite weak. The reason can be in NZD, which may be more volatile than USD or EUR and thus induces more correlation on the pairs with it.

eur/nzd correlation

You have a logical error there. If you open a position in an opposite direction when another position is at -100 loss that means that you have already "closed" that loss. There is no way to avoid it.

Forex Calculation Tool to cut losses

This EA works, but I don't think that it does what you want. It will open an infinite amount of orders instead of only the one. Other than that it's fine. If it can't open an order with TP=10 and SL=10 for you then probably your broker doesn't allow ...

Who can explain this step by step?

I am selling gold from 1139 with a target at 850, but it may fail to break MA 100.

Gold Discussion

It's hard to help with such expert when the markets are closed, but did you get some error in the Experts log when you attached these Buy or Sell EA?

Who can explain this step by step?

OK. Since I've developed this calculator before BabyPips copied it to their site, it won't be hard for me to explain how it calculates. First, it calculates the amount of risk in currency units (money) or the risk ratio from the given money to risk ...

Risk Managament and Lot SIze Calculations

OK, it worked fine for me. You just select the account currency, the currency pair, fill the rest of the data according to your account and risk preferences and it will calculate. BTW, I even know where did they "borrow" this calculator . Bad, bad ...

Risk Managament and Lot SIze Calculations