Being profitable on a cosistent basis possible, but it isn't easy. It requires quite a bit of effort, time, energy and money to learn and practise, and many people give up on it before they get to that point, but it is very much possible.

Trading forex profitable is impossible!

I have a long on Gold but my target is at 1280, so I will be closing it soon, I think.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

The pair is moving between the support at 1.4400 and and the resistance at 1.4470, we'll have to see which one of these levels it will break below or above for range to end. Right now it's a little unclear what direction the pair will take.

Cable Update (GBPUSD)

I have a short too, I think Gold will likely reach 1260, and if it breaks below that level next target will be around 1230.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I had a long that I closed when it reached 1.2940. I am waiting to see whether it will break above that resistance and if it does I will open new longs.

USD/CAD

I still have a long open. 1.4470 is proving to be a pretty strong support and I think the pair will climb back to 1.4560.

Cable Update (GBPUSD)

I, personally, don't like hedging at all. I like to have the option to do it, but when I've done it I've always gotten myself into bigger trouble than I was before.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

I think it's more likely to fall to the support at 1.2700, but that said, I doubt that would be the end of the move to the upside. This is just a retracement.

USD/CAD

I wonder whether they were trying to present themselves as clones of CVC Capital Partners, or it was just a coincidence in the name. You never know when something like this happens.

Black List of Brokers

I prefer trading mid-week too. Either nothing happens on Fridays or too much happens due to news events and both hinder trading in my opinion.

How do you trade on Fridays?

In my opinion the pair will test 1.4470 again, and if it breaks below that level it will reach 1.4400. Either way, I have shorts for the moment.

Cable Update (GBPUSD)

I have a short at the moment, and my target is at 1.4560. I think at this point the pair will almost definitely break below 1.4600.

Cable Update (GBPUSD)

I am not so sure about that. I think it will continue falling at least until it reaches 1.2500 again, or even 1.2450 before it begins a retracement.

USD/CAD

It broke above it today. I have longs now, I think next target will be around 0.7850. MA89 on the four-hour time frame is at that level.

EUR/GBP - What a great pair to trade!

I am waiting to see whether it will break above 0.7800, because if it does, I will open longs.

EUR/GBP - What a great pair to trade!

I have longs, I opened them earlier today, but I think I will close them once it reaches 1260 again. If it breaks above that level I might consider opening new ones.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

video I love the OST of this movie.

What kind of music you hear while you trade?

Hong Kong’s regulator, theSecurities and Futures Commission (SFC) has reprimanded and fined $4 million the subsidiary of Yuanta Financial Holdings Co Ltd – Yuanta Securities (Hong Kong) Company Limited. The penalty is imposed for failure to disclose ...

Fines and Penalties by Financial Commissions

You're right, stop losses can be very useful, but if they're implemented incorrectly, they become a hindrance and not an aid. For example, stop loss that is put too close can only end up closing your position just as the move you're waiting for ...

Trading without stop-losses

The pair broke below 1.2600 so I think there's still a chance to reach 1.2500 soon, but with the FOMC statement later today I am not ready to open shorts at the moment.

USD/CAD