I don't think it is smart martingale system. I don't like martingale system as it increase the risk of forex trading. I don't think it is a money management system and I think it is money damage system . Why should I risk 16% of my total capital . ...

Martingale... How to make it WORK for YOU!

All transaction are done by the broker I think. They execute the buy and sell order. If huge majority is buying then market will become strongly bullish. When it reach a high level than the traders will not buy more and will start selling. Thus the ...

When everybody is buying, Who is then Selling?

I use support and resistance to understand where to make entry . It is much effective. Also wave analysis is good for correct prediction. But I like to follow trend then prediction. Again I use pending order if I see any probability of reversal.

How do forex traders predict price?

It depends on a traders talent. I have seen many trader who are trading for few years but still can't make consistent profit. So they may already make thousands of orders but can catch the successful strategy.

After how many trades means success in the longrun?

I prefer no deposit bonus .Because using no deposit bonus you can trade using this particular broker and you will have clear conception about the broker. Also it is good when we get welcome bonus from a trustful and old broker.

Taking advantage of the welcome bonus

I place stop loss in every order according to my exit strategy that is 20-35 pips stop loss in every order. If I loss an order my order is triggered at stop loss.

How to exit losing trades

I also like the calculation of pips instead of dollar. It can help traders psychologically if they see that they profit more pips than loss in a particular day whatever the profit in dollar. It can help the trader to have confidence.

Pips or Profit?

Yes. I place stop loss in every order. Also I change my stop loss sometime if I get the confirmation that my take profit will surely hit.

Trading without a stop loss!

I know many traders who are trading many years with continuous losses. But it is not important to trade in forex if it doesn't not suit you. It's not a matter of stupidity or intelligence. Please leave forex trading if you are losing money for 3-4 ...

What is wrong with me?

I have been trading in for 7 months. So you can understand I am not so experienced. I have earned my maximum prfot in previous month and that was $50.

What is monthly average earnings for forex traders?

support at @1.3041 for now. I wish it break quickly.

Trading EURUSD only

After 30 minutes High impact news release of US. Existing home sales. Last result was positive for US.

Trading EURUSD only

There are some good technical indicators available for MT4 user but I have found many indicators very late to response and for this reason give wrong signal . But yes, we have to discover how can we make the best use of the indicators.

What do you think about this?

Forex is not a scam. There is loss in every business. If you get loss in business because of your bad luck you can't say the business scam. Try to find a trustful broker or if forex is not for you then leave it.

Forex = legal scam

For me the best currency pair is EUR/USD. Because of easier in making analysis, have good fluctuation and enough fast movement and also have good volume specially in power hours. My another favorite pair is AUD/USD. Now I am trading with this pair ...

Best and total number of currency pairs?

It's a great article . But I am confused, I am in which stage? Now I am trading naked that means without indicator but only with charts. I already have used many indicators.

What most newbies must go through when trading Forex

If it down below 1.3083 I think it will go down to @1.3050 and then I will think about buying

Trading EURUSD only

Why all of you are forcing to go short. There are good news for EURO and also election of USA . So don't depend on technical only.

Trading EURUSD only

I close all long position after the news releases.I have to wait for half one hour to take decision of short or long.

Trading EURUSD only

Both news can be positive for US, I guess from past record. Do you think it effect on bullish movement of EUR/USD?

Trading EURUSD only