Predicting price movements!!!!!!!????? You must be kidding, I have never heard of this expression before....There is nothing in the whole universe like that... Thanks, Nader

Technical Analysis

Well, you can say that the forex market is regulated and not regulated at the same time....Brokers & market makers are regulated so that they don't scam traders, take their money and fly away....But on the other hand, the market itself operates over ...

Forex not Regulated!

First of all, welcome to the world of Forex.... There are many resources and the internet is actually full of things to start with....Although, I believe that 80% of what's on the internet is about crap, you should try to find the useful 20%...This ...

Absolutely new to this Stuff

That's what common sense says in this game...When you follow logic, everything is usually ending up and reversing...If you are experiencing this on a demo account, then I think you are just putting your feet on the right path, because you now know ...

newbee ...

Read "Market Wizards" and "The New Market Wizards"...Those 2 books contain the answer to your question and to even more questions that might arise in the future... By the way, the 2 books are cheap, you can find both on Amazon for less than $30 ...

The quest for the best forex trading system

Hey Mudd, very nice and informative thread...I have read the Dow theory at the beginning of my trading career...I am a very strong believer of what this guy said a hundred years ago and I see it happen over and over again every market cycle, no ...

Back to Dow Theory....The Simplest Trading Method, by Thomas Chadwick

If you want my opinion, this is not a stock you want to buy now...The market is making new multi-year high (As measured by both DJIA, S&P500 and the Nasdaq), while the stock is making new 52wk low...From a technical point of view, this is one hell ...

Symc

If this question is aimed at me, then you should know that I am just opening my account with Interactive Brokers...Ameritrade are by far the best I know...Maybe I will change my opinion after I use IB, but till now, I stick to my opinion... Thanks, ...

stock trading

Actually, I believe that the trader himself is king, price is queen and trend is just a pawn.... Thanks, Nader

Greg's Journal

I think they are talking about future contracts...The total number of contracts already open is called the open interest, which is the number of currently open contracts by traders and investors...I don't know the specs of the currency future ...

Can someone please explain what a contract is...

Anytime Thanks, Nader

Formula for risking X percentage on a position...

Here it goes, Total Capital = C Risk per position as percentage of capital = X (As you mentioned) Risk/Reward: 1:2 Risk/Reward Range: 10/20 pips Pip Value: Y (As you mentioned) So basically, you are willing to risk only 10 pips on every position and ...

Formula for risking X percentage on a position...

Thanks Lofie for the info...I am currently waiting for the account approval from IB... Thanks, Nader

Interactive Brokers - experiences and opinions

I have been asking this question to myself many times...What if I died or anything wrong happens to me...How will others be able to make use of my accounts and withdraw the money from them, provided that I am an Egyptian resident and all of my ...

What if something happens...

Using different time frames means that you are watching the same movie from a different prespective, but after all, you are still watching the same movie, aren't you??? Thanks, Nader

Which indicators and why?

That's what different time frames are all about After all, you are watching the same movie... Thanks, Nader

Which indicators and why?

Futures man, bond futures The 3 points move down in the left chart (From 113 to 110), which is the 30yr bonds future can result in $3,000 in profit (Or in loss if you were long the future contract and didn't close your position of course)... ...

What happened?

First of all, The Fibo is not considered to be an indicator...It's called a layout as far as I know...In my opinion, the most popular indicators used are moving averages, stochastics and the bollinger bands...Not based on any statistical measures ...

Which indicators and why?

I assume you are using InterBankFX...They are the ones using metatrader, where you define your leverage at the registration step, and this platform is the one which produces the most dilemma when you try to modify your order... As far as I remember, ...

quick q's on orders

The beauty of Charts is that they mostly reflect what already happened and factor in what is likely going to happen, so in theory and in practice, charts convey supply and demand as well as fundamentals, this is the real power of charts... Thanks, ...

Experience, by Joe Ross