Indicators are the stick which a blind man uses to help him feel the way and make life easier for him, but they DON'T make him SEE anything real, because he is still blind. When the blind man uses the stick, he can touch something with it, but when ...

Are indicators useful?

In my opinion. having an edge in your trading is just like having an edge in anything else you are doing. A tennis player can have his serve as an edge, this is his strength which usually no body can compete with at, of course other skills must be ...

What do you mean by "Trader's Edge"?

If no one can beat the market in the long term, then all markets are useless..This is not correct...You can't beat the market every week, yes, you must have losing weeks...You can't beat the market every month forever, yes, you must having losing ...

Does longevity exist in trading?

MG Financial sent me an email 2 days ago telling me that trading will be closed during the Thanksgiven holiday...Although I don't like it, but I accept it, those guys are humans too and they need to get their holidays and vacations done.. Thanks, ...

Trading through US Thanksgiving + UK Christmas

That was just a prediction based on putting myself in his seat...If I were him, I would have never raised rates to such levels... And ya, the USD JPY is still an unsolved mystery...It's hanging over near the highs, and seems that both big banks ...

Central Banks Watch

I use 400:1 leverage, the maximum my broker is allowing, but I never had a trade of more than 1 mini lot..Always playing it safe, I am still at the beginning of the road and I want to continue moving on... Thanks, Nader

How many accounts did you blow?

If you are talking about real accounts, then I blew zero..None till now...I lost some money on a mini acocunt, but I stopped trading at that point, the loss wasn't great, it was around 8% of the total account equity... If you are talking about ...

How many accounts did you blow?

I think 1.3000 is way too far unless the Euro rate goes to 3.5-4.0% range..I don't think the ECB will go that far with rates, after all the European economy is slowing and they don't want to put another burden on its' shoulders' by increasing rates ...

Central Banks Watch

Didn't know that, thanks Merlin for the info Thanks, Nader

Spot Market vs Futures

I think that your trading style determines your leverage...It's the same old way, risk losing a $30 per trade on a 30 pip move or risk losing the same $30 per trade on a 15 pip move??? In both cases your risk is the same, but your leverage differs ...

about leverages

I don't know what's the CME 6E contract so I won't be of any help comparing it to any other thing... A major difference between spot and futures is that futures have a certain delivery date in which you are obliged to close your position on either ...

Spot Market vs Futures

Merlin I agree with you that the Euro shall see the 1.2000 mark before it sees the 1.1000...My opinion is that the ECB won't leave the currency drop like a rock like that, that's why I am expecting strong Euro support during the first quarter of ...

Central Banks Watch

Oh ya, and the mess and insane end of week moves on my chart here was intended to be unsceduled too Thanks, Nader

Central Banks Watch

I hope you only mean the food lol Thanks, Nader

Living Off Fx

If you can't make a living through any other profession, then you can't make a living off the forex market, and to my knowledge, no single person on this world exist who can't make living off a profession... Forex trading is just like any other ...

Living Off Fx

First of all welcome aboard the 747 FF, 500 class A seaters, air conditioned, state of the art bathrooms, selected neighbours and excellent crew ..The captain is sending you his greetings and wishing you a great flight through the forex world with ...

New to the forum

This would be a good idea for a good online trading library, I am all with it as long as it is not violating copyright rules and regulations... Thanks, Nader

E-Book trading

As long as there is a buyer for every seller or more or vice versa, the game is a zero sum...The AUD/USD can go up and up and up but not forever, nothing goes up forever or goes down forever.... I agree with Merlin that the stock market is not a ...

The Psychology of Support / Resistance

I think you missed out something.. Now here is the scenario once again: Price breaks R1 and the level becomes S1, here are the 3 types of people just at the breakout: 1- Bulls who entered long at the breakout to profit from the rally 2- Bears who ...

The Psychology of Support / Resistance

Well, to some extent I agree with what was written in this newsletter and that's why I sent some funds to be invested in the US stock market 4 years ago...It's mainly a tax problem, plus I am a non citizen and non resident of the US, so I don't ...

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