Demo is helpful, but not as helpful as using a Trading Simulator. And some traders recommend going live but being extremely conservative in how much you risk. Like learning the ropes while only using 0.01 lots, for example. I can't say I disagree ...

Is demo a step before real trading?

Failure can be expected. It's what you do with failure that makes all the difference in what happens next.

Failure in Forex is a certainty! Prove me otherwise...

Rarely. But that's just me. I have found better ways to get out of losing trades.

Do you use stoploss?

This thread is old. The fact that the thread is still here tells us that the system holding it up is reliable. The same point can be made about the Forex market. It's still here. It's not so much a question of whether the Forex market is reliable or ...

Is Forex reliable?

I love doing technical analysis. It is so effective! Nothing beats it.

EURUSD

Have you considered Oanda's order book? There's a lot of orders waiting around 1.0825. 1.085 and 1.0775 are also favorable spots. Source: url image

EURUSD

If only we could see what they see on Tuesday—when they see it.

EURUSD

Understandable. Due to all the stuff that is going on with Coronavirus, the markets are quite messy at the moment. I use a very conservative approach to trading when it comes to leverage. I can literally go hundreds of pips underwater and still ...

EURUSD

I am looking forward to the COT report. So glad I learned about that information and how to use it.

EURUSD

That's why I included the feature for a magic number. When you change the magic number, it won't matter. You can simply adjust the pips to your choosing per currency pair. Did you notice I was only using 25 pips as an example?

Simple Monday-Tuesday System (attached calculator)

I am so glad I didn't let them shake me out. I only regret that I didn't have another sell limit order set at 1.105 (psychological level). image Have you noticed I don't have a stop loss? There is a reason for that. I rarely use them.

EURUSD

Have you seen this? url

Simple Monday-Tuesday System (attached calculator)

I respect your right to an opinion, but I must disagree with you on this. Technical analysis is always relevant, and should never be ignored.

EURUSD

And we are only about 60 pips away from the Average Monthly Range High.

EURUSD

I would be happy to see one of those candles.

EURUSD

By the way, if any of you are wondering why I don't comment on the EURUSD Only thread, it's because the guy who started it blocked me from commenting because he apparently didn't like what I had to say about his harmonic patterns. It's a shame, ...

EURUSD

I think you are correct. My reason for mentioning the DOW is because I was recently made aware of its correlation to USD. "The value of American stocks, especially those that are included in market indexes, tend to increase along with the demand for ...

EURUSD

The following link is to an article which sheds light on why the DOW plummeted further today. What happen to the DOW is relevant to this thread because it impacts USD. This appears to explain why EURUSD soared, more than doubling its ADR in a single ...

EURUSD

It will also be interesting to see the COT report on Friday.

EURUSD

You do technical analysis your way and I will do technical analysis my way. Having said that, it makes perfect sense to me to look at the state of USD when doing technical analysis on EURUSD. It's unfortunate you don't see the importance of this.

EURUSD