Jim my friend, I can understand your play very well...Your position is a limited risk position with an unlimited profit potential...You are expecting a turnaround but you don't know when, that's why you are playing it safe...In brief, you are not ...

What do you think, Usd/Cad up?

Beware, the USD/CAD just keeps sliding and makes new multi-year lows...I can see that you are insisting on your long position...My friend, don't fight the major big trend, you will end up deeply hurt... Thanks, Nader

What do you think, Usd/Cad up?

Aparsai, I think everybody answered your questions in full details and they all said the same thing, so I am not going to repeat what they said...I just wanted to say that if you are doing what you like to do, for sure you will make money over the ...

Is it Possible to Make Money in Forex Market

Merlin, Congratulations...I see patience paid off in just 2 weeks , this is more than great....Well said, the BOJ finally throws the towel Hope that we clear the 113.70 area soon, and don't worry Merlin, this will be sooner than you expect ...

Central Banks Watch

In the case of Japan, yes, it is an advantage to keep the value of the currency low, because Japan is an exporter, thus when keeping the value of the Yen lower, their exports to the US are cheap...When the Yen rallies, exporters get hurt because ...

Central Banks Watch

My advice would be to read lots of books, articles, papers and so on about the market and how they work and how traders trade and how they pick their entries, exits and stop losses and so on....After a while, you will find a certain subject which ...

How much time did it take you to make progress?

How slow the market is???!!! lol, you must be kidding, I have never seen a fast week like this one Thanks, Nader

How much time did it take you to make progress?

Well, you seem to count out the spreads and commissions from the formula, but I believe this should not be done...The fact is the amount of money inside the market is constant, spreads and commissions are paid from this amount of money, so you can't ...

Is Forex a ZERO Sum game?

Wishing you all the best and just try to stick to your plan and forget about the heat of the battle, it's about making money, no matter how many soldiers die... Thanks, Nader

Newbie Experiences in Forex

This is really funny....Do you have any ideas why they accept clients from everywhere except US?? Thanks, Nader

A little experience with TradeStation!!!

On the contrary, I am having a strong feeling that it is entering a medium term up trend... Thanks, Nader

Eur/gbp

I add my vote to those who said that you should backtest on more data than 1 year worth...1 year of data is not at all enough....You might have been testing your system over the previous years' data for the EUR/USD and it produced great results ...

Trading Green Light

I am not sure about the stop hunting thing although I believe the move against the USD started like that, but it continued lower....Yesterday as the trading opened I decided to put a long term trade shorting the USD/JPY at 118.80...The price never ...

Any insight on why the big run-up this morning?

Interactive Brokers are supposed to be a good broker for almost anything you wanna trade...They are not the perfect broker cause there isn't any out there, but they are among the best....If you wanna trade forex with them using leverage, you must ...

A little experience with TradeStation!!!

Jim, what about rising gold, silver, copper, Aluminun, steel and all other metal prices?? Isn't this strongly bullish for the CAD against the USD??? I bet on the other side....Short USD/CAD.... Thanks, Nader

What do you think, Usd/Cad up?

I am convinced that almost every market has its' own unique rules....If the rules of a certain market suits you, then go ahead and trade it, if it doesn't, then stay away from it and find another market to trade... I don't have any problem with the ...

Joe Ross / When Not To Trade FX

The settlement takes 2 days...When you open a trade on Monday, it settles on after the end of Wednesday, and when you open a trade on Tuesday, it settles on after the end of Thursday... When you open a trade on Wednesday, it will settle actually ...

Forex.com

Welcome to the real world Thanks, Nader

A little experience with TradeStation!!!

Ya, just waiting for the approval of their compliance department.. Thanks, Nader

A little experience with TradeStation!!!

Merlin, no need to feel bad at all...You gave your feedback regarding TS based on your experience with them, so this is actually no problem.... Thanks, Nader

A little experience with TradeStation!!!