Your stoploss is set in pips. Your risk is in dollars (or whatever you use). The market does not move faster or slower based on leverage nor does it care how much margin you have remaining. A 30 pip loss at 100:1 is the same as a 30 pip loss at ...

Is Forex trading a game?

Here's the current correlation:

Complete pair correlation chart

Yoda, I can calculate it on TradeStation if you tell me what time frame and over what period of time you wish to compare the two. Most sites that I know of don't have the less liquid pairs as you pointed out. If you're really desperate you can set ...

Complete pair correlation chart

Here's a screen shot of the front month Euro. Everything is quoted and cash settled in USD terms so you have to think backwards on this one: USDEUR The spreads for ATM front month options are a dime. You can always try to split it.

AUD - next in line for a kick in the groin

Aren't we all? Seriously, the people who use this are usually employing some kind of moving average crossover. The longer SMA is usually displaced to retard its reaction to a changing market. The shorter SMA is more responsive and allowed to cross ...

Forex can be easy!!!

5 period Simple Moving Average displaced 2 candles (bars) to the right.

Forex can be easy!!!

Sorry to hear that. What went wrong? Maybe someone else can learn from your mistakes.

Forex can be easy!!!

The most disturbing and overlooked fact is that only 2 contestants managed to show a net profit.

FX Trader Of The Year Competition 2007

I don't personally use trailing stops for entry or exit but I don't see them as any less responsible than someone who attempts to pick a top or bottom. Waiting a few pips on the reversal at least provides an attempt to force the market to prove its ...

Trailing Entries & Trailing Stops?

Have you guys looked at trading FX options on the ISE? I've traded a few and have been pretty happy with the product. The nice thing about them is that you don't have to open a futures account to trade them since they trade like an equity and you ...

AUD - next in line for a kick in the groin

If the USDCAD isn't in a range or setting up for a reversal wouldn't it be in a trend ?

USD/CAD Trading Room

If you mean 1 standard contract ($100,000 USD) you couldn't do it even if you wanted to beceause you would have no account left after margin. By the way, Norman is right about FXCM but that is not typical of all brokers. You need to find out what ...

Account liquidation

Margin is still your money. It represents your good faith deposit on the money you've borrowed. Once the trade is closed, you get that money back. It will make a nice parting gift once you've blown your account. Normally quoted as 100:1 but we know ...

Account liquidation

Unfortunately, you didn't. Margin varies by currency pair.

Account liquidation

Now don't go making me feel bad. I just wanted you to understand that as a responsible, stop-using trader, leverage doesn't do much for you. Now, if you don't use stops and you take on 10 different positions at a time while doubling down every -10 ...

Scaling: In/Out. Winning/Losing

Where does leverage come into play using that formula? Please understand that I'm not trying to pick on you, I just want to appreciate how leverage is helping you.

Scaling: In/Out. Winning/Losing

Ugh. The Euro didn't even exist back then. I hardly believe that a ficticious peak in 1993 has relevance to today's market. Traders thought the same thing about the GBPUSD not being able to break 2. It never hesitated as the number was passed. I ...

EUR/USD Trading Room

Just put the ATR indicator on your charts. I will tell you the average move for the time period you are studying.

Question about Pairs movement

What's the big deal with 4500? I hear this number thrown around a lot.

EUR/USD Trading Room

ATR is the absolute value of a move (in this case daily). It calculates the range and doesn't matter if you start at top or bottom. When making trading decisions you should consider both directions.

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