I agree with this post. And all the others as well. When you are ready, try EUR/CHF. Also, demo it first. It has it's own feel, like 90 year-olds running a marathon. Clockwork

Currency Pair For The Newbie

David - What you say makes sense, and yes....I would agree typically. Except GBP/JPY scares the hell out of a lot of traders, and especially new traders. And the part about a broker offering micro-lots, it's a must. (You cannot practice true money ...

as a new trader.........

True, but the point of those two correlated pairs is that it's more ANTI-DOLLAR recently. Ok, fine......NZD/USD? Or if you want a real education, you could try something fun like ISL/USD

as a new trader.........

I would submit that 1,2,or even 3 are fine. However, I would make sure they aren't connected. This way, you can see how different pairs act. For example, if you were doing EUR/USD and USD/CHF, they move in opposite directions about 99.99% of the ...

as a new trader.........

$2,000 starting account balance 2% every week do this for 10 years = $51 million and some change. (I think, I dont have the exact amount in front of me.) The point is this: You can really make a hell of a living if you are shooting for reasonable ...

Help for Newbies (Discussion Thread)

In my opinion, shorter time frames will get you killed. Too many of us are lured into this by the thought of making $12,000 in minutes. Not many of us realize you could also lose that money in the same time. Here's something that might interest you: ...

Help for Newbies (Discussion Thread)

Omsai - I highly recommend the James16 stuff. I was having problems before I found it. Also, he shows how to define support and resistance. S/R lines and formations in themselves can be deadly accurate at times. Read through that thread, you will ...

Help for Newbies (Discussion Thread)

I would recommend "The adventures of a currency trader" by Rob Booker. It's an easy read, and it has more of a "moral lesson" to it. I flew through it twice, I really loved it. As far as Technical Analysis is concerned, I defer to Peter, as my ...

Books for Beginners

Rking - I like James16 Price Action, it has changed my trading around. But.....to be honest, there are a ton of things that work.....it's discipline that will keep you in the game. Sometimes you shouldn't trade. And trust me, sometimes I still make ...

Do i need to be a maths genius?

The point it this....I have a couple of types of trades I look for, and when they don't show.....it is at that point it becomes gambling. Chris

Best trade of the day.

Yes, Oanda, Interbank FX, and a few others do......down to nano-lots. (penny a pip)

MB Trading Futures - Introduction

I believe it is actually DB itself, as I know they are major players.....but I cannot be 100% sure. Clockwork71

dbFX Deutsche Bank

When I was with GFT, I never really used their info often. GFT has a dealing desk, so therefore have no interest in seeing you be overly successful. I am not saying they aren't fair, because I thought they were most of the time. But the analyst ...

GFT Forex Discussion

Hope this helps with above quote.... url

Is There a metatrader Platform that has low spreads?

pbaskhar - Please read the above quote about 1,500 times. Then repeat. Best of luck Clockwork71

Please help me...how to trade news

Phil is dead right on this one. Here is my suggestion, for what it's worth. Try starting out with a little mini-account. Maybe something like $500. Once you get comfortable, (i.e. consistently profitable) add a few hundred to it. As time goes on, ...

When starting out live, smaller or larger better?

Any idiot can read a chart. (Hell, even I can!) Anyone can cut and paste a nice system to work from. Any idiot can get lucky from time to time. (Yep, I have that sometimes too!) Anyone can follow a trend. But not everyone has discipline. In fact, I ...

Why do 95% of traders lose?

Thanks Peter. This is just proof that I am big time now. Clockwork71

Some thoughts for new traders

I would suspect no. Not that it's not possible this month, or even next.....just that you have things like a carry trade "correction" of a few hundred pips an hour. Assuming you were a carry trader, and would have been making buku dinero over the ...

20% per month. Is this possible?

One thing I would like to point out here - the carry trade, until recently, has pretty much been straight up for those months. Now that we are seeing some corrections, and credit worries, do you think this will still work? I would suspect that the ...

Forex can be easy!!!