This kind of attitude will come to serve you well as time goes by. (And your account compounds over and over.) The only people getting 50% returns a month, every month.....are the ones in the commercials for the "newest" system! Clockwork

I hate forex - the truth about gains in Forex

I am not trying to be mean, but how do you expect to start a business on only $500? And if you do, do you expect it to return a living right away? A little far-fetched. I understand the under-capitalised part, I really do. And that's what keeps most ...

I hate forex - the truth about gains in Forex

Uh oh, I see trouble coming. — I am going to give my honest advice here: You are not ready to trade live. For some perspective: $5,000 starting balance. 10% (a conservative number based on above) gain a week. $710,214 your balance after a year ...

Are micro and mini lots really worth it?

Apoc, I apologize if I reacted harshly, as this post clears up your intentions. And, it also shows a certain amount of wisdom that unfortunately is lacking in so many people. Besides......Forex can beat you up enough, so I am more likely to at least ...

Trading...Yeah Right...

Spend the money on ForexTester. It's a great program, something like $100, and it's dynamite. I love my copy, although I figured out what I want to do.....so I don't use it anymore. ;-) Clockwork

Backtesting system with no EA?

Ok, fair enough.....but you are missing the point here. Take 4%/month for 10 years. Start with 500 USD, it turns into 59,000. Starting with 10,000, it's something like 1.2 million. Just a little perspective..... I would submit that focusing on the ...

Trading...Yeah Right...

The only correct answer: Who cares. It just "does". As for a strategy...I have seen a few, but I would say never go long on one, while shorting the other. The odds of doubling your losses is good. (Yes I know you can win too, but be safe.....you ...

EURUSD and USDCHF Correlation

Just focus on making more than losing. I know 10 pips doesn't seem like a lot to ask, but sometimes it is. Hey, I saw a SL of 500 and a TP of 10. Sounds a lot like StevieT's thread to me.

10 pips daily isn't enough?

Never take the opposite side of Clockwork's trades.

Advice Only. 1 Liners Concise.

NoBread - Instead of bashing you like Apoc did, I am going to actually contribute something. I was at the same point once, and I found it was the questions I started to ask myself then that changed everything for me. I am going to say that you ...

Trading...Yeah Right...

How about starting out by trading daily charts only. I know it sounds crazy, but work your way down.....it's what I did, and thank God I did.

What is the best time to trade Forex for a rookie?

Just from a quick glance of charts..... There are several that I can see everything but price. Get rid of all those lines and random squigglies. Simplify. The answer will be found there.

Need help here to demystify this EA

Would this be the same GFT that used to slip me a handful of pips on a fairly regular basis? It is true, no matter what you do....sooner or later you are heading through a dealing desk. It could be GFT.....Oanada, or if you are with IBFX for ...

Blatant Lies from a broker?

There are only two major factors in the "personality" of a currency pair. 1) Support 2) Resistance However, there are a few minor differences. For example, EUR/GBP isn't going to move 200 pips in a day 99.99% of the time. So basically, when I am in ...

Currency Profiles - a little help..

I would say always look at the longer time frames for "areas" to keep an eye open. For example, and it's not pointed out on the charts posted above.....take a look at EUR/USD 1.59, 1.54, and 1.49-1.5..... These are all areas I would watch. The only ...

Help with Trend

would have already bought on the break of pinbar to be honest, it's right at first area of resistance.

james16 Chart Thread

You would think they would at least make the website look a little different than NF's..... Hmmmm, I smell a rat. A russian broker (NF), registered in cyprus, and a mailing address in belize. I would LOVE to send them my life's savings, so I can ...

North Finance .... red light?

Simple, you added funds to the account after losing.

What's wrong with us forex traders?

Sorry, but you bring up something here that is the root of most pain in the Forex world. "5% per month sucks when you account for taxes owed......." is a very dangerous statement. Unlike your 401k, that's a ton of earnings. Your 401k probably does ...

What's wrong with us forex traders?

This is a HUGE question. I wish it was simple. Well.....it IS actually, although difficult to explain. (Much like trying to explain the color red to a person who has been blind all their lives.) There is a thread that is really, really, good on this ...

Exits