Hey man....trust me on this, ANY amount of money is good for learning.....like the second poster said, even 250 is enough. Just that it will cut the size of your lots, but who cares? If you are like 99.99% of the traders out there, you first trade ...

Are 500 Dollars enough?

Go with trend and you will ALWAYS be in profit.....not true, I am sure someone in this forum lost some longs on USD/JPY this week, or Cable, or EUR/USD, or USD/CAD (short, sorry), or EUR/JPY, or USD/CHF, or GBP/CHF, or AUD/USD, or NZD/USD. But yes, ...

USD/JPY Discussion

hmmmm — It's 6 pm EST, do you know where your pips are? We are at a major hurdle here.....will be interesting to see what tomorrow brings....

USD/JPY Discussion

More true words were never spoken than what you just said. 100% I have a pretty good system (still working on it.) that is showing real promise. I had a loser today. Why? Because I wasn't disciplined about the entry. I could create a system that is ...

What is ur motive sharing ur system?

I happen to know a trader that hedges for Rubbermaid and Scott's. He buys millions of Euros at a time. Why? To pay German employees. The IDEA is to buy them cheap. BUT, sometimes he just buys 30 million because he has to. It's the cost of doing ...

What is ur motive sharing ur system?

I believe this is good, solid advice. Also, it depends on the pair we are talking about here. Long EUR/USD about 2 years ago would be nice. Short GBP/USD was good for about 3 or so hours today in US session. Although if I had been long that pair for ...

Day Trading vs. Swing Trading vs. Position Trading

I agree 100% with this post. Except one small point, and I am sure the poster would agree with this: It IS okay to go below the 1 hour chart, but mainly to make you entries a little better. If you can save yourself say.....8 pips, then why not. But ...

Trading Full Time...

http://www.hectortrader.com is pretty good too. And he has a lot on youtube as well. I don't trade his system, but I find his methods very sound. And he seems very genuine. His name is WTB on these forums. Merlin trusts him, so he can't be all that ...

Newbie looking for video tutorials

I don't mind being called a "Yank", just not "Yanker" please.

Why is the Cable ripping in the evening?

Uh....cable. an trusted that 4 hr trend line. Forgot to sprinkle magic fairy dust on it to make it hold.....rookie mistake. The idea wasn't wrong, i entered too late is what it was.

Something I learned today. (Another head piece from clockwork..)

Im not too sure how to answer this, other than read my quote. But lets be honest, indicators are basically just crutches. The only thing that EVER matters is price.

Exits: Our worst enemy

And I would add, that when you get this kind of action.....go fishing/shopping/whatever instead. If it isn't clear to you, then why bother? There are traders that are good in a sideways range-bound market.....but I am NOT one of them. I bet WTB has ...

Fibnacci trading..Are U thinking what i'm thinking?

Right, and I think that our discussion really cuts right to the heart of the matter. The truth is, no matter what system/method you use, unless you can see a good trade, then it's just a guess. Even under the best circumstances, and best set ups, ...

Exits: Our worst enemy

Yes, I have found recently that walking away is a really good way to make pips. I can't screw it up at all! Actually, I have been using 4 hr candles and weekly pivot points to good success lately.

Fibonacci obscuring reality

I have to agree with what some others have said. Try a small account, what the hell? Nothing more than a few hundred dollars to get the ball rolling. Because there is something you haven't demo'ed yet. And that's emotion. Demo is almost useless. ...

Do I need a reality check?

I only say this because this question is in the "Forex Beginner Q&A", so if you have experience in this market, please forgive me. But I am willing to bet that these "patterns" he is writing about are the seasonality of forex. (i.e., Swiss Franc ...

Opportunities in Forex Calendar Trading Patterns

Oh hell no!!!! I just figured out how to make my first million. Thank you, and I will send you 1% of the door fees! Think about it: What this world needs is a big, cheesy, casino-style "forex resort". Free drinks, Wayne Newton, the whole sha-bang. ...

90% of traders lose money! True or False?

You have some big ones man.....and to be honest, I have been thinking along these lines lately.....hmmmm, getting an idea or two. However, as I am a chicken-sh*t, I am going to wait for a daily trend line to be hit in GBP/USD, or one of the others ...

Pip Farming: An Experiment

Wow. Thank you. It is indeed an honor, as I have learned so much from the good people here.

If I knew then what I know now

That's not true at all. I have magic fairy dust I sprinkle on my trend lines before I put them up. It is like a universal force field. FEAR MY BIG GREEN TREND LINES....

Fibnacci trading..Are U thinking what i'm thinking?