First, you need to know what your broker calls a pip. In the old days a pip was 0.0001 but now, most brokers add a 5th decimal place. Some call this a pip (0.00001) while others call it a fractional pip. It is also important to know how often your ...

Trailing Stop

As a technical trader you don't need to look at the calendar at all. You should be looking at your charts and nothing else.

how to use the data at the Forex Factory for trading?

[quote=pali;3155515] 145.15-143.65=? quote] = 150 pips The xxxJPY pairs only have 2 digits to the right of the decimal. If a third digit exists, it is often referred to as a "fractional pip." Be careful though! The definition of a pip is the ...

how to calculate pips for Yen?

If you owe money your broker will certainly pass that along to you. Unfortunately, if your broker owes you, they will keep some or all of the swap. Some brokers will call it an admin or maintenance fee, others don't care what you call it. The ...

Rollover interest charges

I've never heard of that but if it's anything like this, I could see getting disqualified for it...

picking technique

Yes, you will pay a whopping 41 cents for holding that position past 1700 ET. Hardly enough to alter your trading strategy or get your panties bunched up (whichever comes first). You can download the calculator here: url Welcome to Forex Factory.

Rollover interest charges

All of these theories may be correct or they could all be crap. Either way, knowing why the market moved against you won't help. The bigger question is why you didn't have the discipline to cut your position before you lost heavily. You can waste ...

GBP strength

That was my first thought too. If your system is so amazing that it can tell you when to enter then you should hold the position until it tells you to go in the opposite direction because that would also be an amazing entry.

What Is Best Indicator For Getting OUT of Trade?

I would feel bad for you if you remotely had a clue what a pip was. The AUDJPY hardly moved before or after the election. If Oanda refunded you then there was a data error and you should take it up with them. Crying about it here on FF won't help ...

Japanese Election on calendar

Dude!

Japanese Election on calendar

Why wasn't Talk like a priate day listed too? It was on September 19th.

Japanese Election on calendar

First, your coach is wrong! Here's a chart of the correlation between the EURUSD and AUDNZD: url For about 2 months earlier this year (March/April) they were inversely correlated and the rest of the time they was little or no correlation. This ...

Proxy Pairs & Currency Correlation

When you blow up your live account, try to remember this time when you bragged about not taking your demo account seriously.

lot size

That would be bragging. Let's just say that I wouldn't have held a loser that long.

What is the longest time you've had an OPEN trade?

When you enter a limit order, you are asking for a price improvement. In other words, you are looking for a discount with regard to the current price. If going long, your limit would have to be lower than current price and if going short, it would ...

I don't understand something

As a former nuclear engineer, I've made some fairly critical calculations in my time. I never once tore the calculator apart to see what happened when I pushed the numbers on the front.

looking for lot size calculator

I held an ebay OTM bull put spread for 14 months once.

What is the longest time you've had an OPEN trade?

Those levels are a bunch of bullshit. People like to discuss round numbers because it makes everything all warm and fuzzy in their little minds. I've seen more guys lose money because they thought something magic was going to happen when price ...

Help finding areas of support and resistance?

You are correct. "X" percent of any currency will still lead to a fractional (presumably small) amount of your account. The pip values of most currencies are close enough that it doesn't matter a whole lot. The exception is the EURGBP. It used to be ...

looking for lot size calculator

Quotes come from Yahoo Finance and can be delayed up to 15 minutes. However, that doesn't matter when calculating lot size. Even a difference of 100 pips would have little to no effect on position size calculations because price only affects the pip ...

looking for lot size calculator