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magicfx replied Jan 20, 2007coolamundo — not sure about the usd/jpy trade have not ventured that far, your trades on the swissy and euro seem very good. i thank you for your response, but could you clarify as a trader regardless of experience (which is obviously greater ...
my thoughts for next week
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my thoughts for next week
Started Jan 20, 2007|Trading Journals|2 replies
Ok here goes, and i would like help and input. I started my trading life using fundamentals ...
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magicfx replied Jan 13, 2007Here in the uk use two trading accounts and a limited company. There is no tax to pay on spread betting until it becomes your primary income source. So you use a company to setup an account with a broker that suggest he is a vehicle for investment ...
I don't want to pay tax
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magicfx replied Jan 11, 2007on the eur/usd it was a safe trade, we reached a good support level so no problem in entering a trade against the trend, the hourly trend was up it reached the pivot point 1.2974 then the news came out by which time you gotta know they aint gonna ...
WTF! Surprise UK Rate Hike!
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magicfx replied Jan 11, 2007not really a surprise, there was a good chance of it happening, ecb next and if they follow suit (possible) then its gonna go mental!!!! good luck all (i am out by the way, made 88 pips today on the eur.usd dont like going against the overall trend, ...
WTF! Surprise UK Rate Hike!
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magicfx replied Jan 10, 2007dont get it, guess who i am? never posted never been adble to view the thread, along with some others if it contains any info about support/res levels then count me in please
TS Registration only
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magicfx replied Jan 10, 2007cool sounds interesting, look forwards to it, and good luck
Journal of a working stiff
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magicfx replied Jan 10, 2007the interest rate announcement, the only reason they held last time was because of export worries and the strength on the pound, this has eased slightly, exports were not affected to much, so could be a surprise on the cards.... just a thought!
Cable... Low Volaitilty Reason
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magicfx replied Jan 9, 2007hi average yuppy, Sounds good, how do you calculate your stops, are they based on monthly/yearly support/resistance levels, option barriers or other, this is something i am always interested in, the more you can learn about these crutial points the ...
Journal of a working stiff
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magicfx replied Jan 9, 2007hey ces is that a piccy of the bull, at the bull ring? and are you a fellow local
Determining Risk
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magicfx replied Jan 9, 2007depends on currency pair your trading, you need to read monetary policy statements to see what concerns the banks have and what indicators they are watching. some announcements though will always carry more weight than others, these can always ...
Economic Indciators Rankings
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magicfx replied Jan 9, 2007hiya, as turbo said, its rude to comment, but i would look at placing my stops a little closer, and consider moving them to lock in profits. I like your entry point for a buy on this occasion but not sure going long under the 1.13150 pivot is a good ...
Journal of a working stiff
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magicfx replied Jan 8, 2007my very first introduction to the forex was from a colleague, all he knew or thought he knew way back then was something funny happens at 1.30GMT on a friday and you can make millions from it. it was very addictive to start, and i opened a real ...
News Trader proof of profits?
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magicfx replied Jan 8, 2007hot pockets? not sure what thats all about, the colour thingy is just a part of old english humour. but seriously turbo has made an excellant thread here, and is pointing out that forex trading is a serious game, its not a get rich quick scheme and ...
News Trader proof of profits?
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magicfx replied Jan 8, 2007Ace one turbo, mine is stainless too, you got style anyway the original question you raised is a very good one, i have seen it many times before but in various guises, and in short i dont know of any retail broker that will allow you to trade the ...
News Trader proof of profits?
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magicfx replied Jan 8, 2007cool, so its all off to turbo's house all welcome as long as you can afford your own tickets. hey turbo have you got a microwave oven and what colour is it?
News Trader proof of profits?
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magicfx replied Jan 8, 2007I agree with your comments, but wasnt the thread author talking about noobies using retail platforms, seeing the spike and then placing the trade (monkey see, monkey do) on a retail platform that is not a very good trading strategy. And i dont know ...
News Trader proof of profits?
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magicfx replied Jan 8, 2007I see what your saying, and your right if you try and trade the actuall news spike it is unlikely that you will make money, but that is not news trading you may as well get a monkey and tell him at 1.30 GMT on the first friday of every month press ...
News Trader proof of profits?
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magicfx replied Jan 8, 2007LOL!!! I have seen moe make money a million times news trading, He's helped me bag quite a few pips in the past, though i understand where your coming from You want a statement i will pm you as many as you like later! can you also make the trip to ...
News Trader proof of profits?