This is the biggest trade I've ever put on (volume wise) My TP is 1038 with buy stop at 1065 for 1255 Ideally it will reject off of 1050 area so I can buy the dip again full size with a tight S/L and then go to 1255 Instead of half size buy stop ...

EURUSD

AUDJPY is a mover.. man. Probably the most active pair right now. It could go to 75.00 this month or next month. EU longs attacked the mofu again near 0974... above that opens up 1086 and 1115 and 1255

EURUSD

Averaging (or scaling in) is okay if done correctly. Averaging with no stop loss obviously is a recipe for disaster.

EURUSD

Yup I would move out of country instantly or just open an offshore corporation so I can trade with an offshore broker. It's only about $1000 to open an offshore corp to trade with offshore broker. Casinos are more profitable than financial brokers ...

Will forex ever end for retail traders like us

That's true, 500:1 is more like 400:1... and 50:1 is more like 40:1

Will forex ever end for retail traders like us

yuan devaluation is driving home prices through the roof (no pun intended) in my area of the country home prices and bitcoin, of course we are 10% above 2007 highs where i live. in the google, facebook headquarters area of the country (somewhere in ...

EURUSD

i only trade TRY, CNH and RUB for EM currencies yuan devaluation reminds me of the RUB... but RUB was much worse and much faster. china seems to be having a much slower devaluation, a little over 10% in 2 years? that's nothing compared to what ...

EURUSD

Yes I have to give him credit for making $1.2 million profit in about 2 years... especially when his fund was small for most of 2014. I just hope he can take a loss when the time comes. In August EU went to 1.17 and he had a 30% drawdown. If it went ...

EURUSD

The only reason a broker should EVER offer 500:1 is if they have proof of existing funds in other bank accounts which are in contract for these funds to be used for the sole purpose of paying the broker back should they ever receive a negative ...

Will forex ever end for retail traders like us

2-3 weeks for 1.1255 and 10-12 weeks for 1.1650 my prediction could be much quicker, but trying to stay realistic as we know EU went 1.10 to 1.17 in 4 days in August

EURUSD

offshore yuan perhaps found temporary support on the daily on a retest and rejection of 6.73 area

EURUSD

brokers that have been in business 15 years don't go belly up. and that is why 50:1 leverage is offered... so you don't need to keep very much capital in your account to trade at your full buying power spot brokers don't just change their prices ...

I'm quiting trading but can someone elighten me on this?

10k was always the minimum for Interactive Brokers. Oanda is still $100 or something like that. Really? You truly believe retail Forex will only be at 4:1 leverage, when retail leveraged stock trading is significantly higher than that? And stocks ...

Will forex ever end for retail traders like us

Exactly, with proper money management and knowing when price is cheap relative to momentum... one can make a living. Anyone who says it's a casino doesn't know what they are talking about.

Will forex ever end for retail traders like us

US lotteries will die before retail forex and futures trading (which means, never). Why? Because forex trading and futures trading are more profitable to the government than the lottery is. All these brokerages making 100s of millions in commissions ...

Will forex ever end for retail traders like us

So many doom and gloomers here have no clue what they are talking about. Retail forex isn't going away, nor is it going down to 1:1 leverage. It is LEVERAGE ITSELF which allows the markets to remain liquid. LEVERAGE makes the world go round, ...

Will forex ever end for retail traders like us

futures market isn't the real market.. its only something like 10% of the volume i understand what you are saying though, that during NFP retail brokers mark up the spread. but that happens with futures brokers too people should be going flat into ...

I'm quiting trading but can someone elighten me on this?

Agreed, timing is more important.. which is why I place more emphasis on technicals than fundamentals With fundamentals and low leverage you can make money, but you will have your capital tied up in one trade for months at a time, waiting for a move ...

EURUSD

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EURUSD

Yes, it's a technical correction, and valuation is also ridiculous. The fundamental EU short story is still intact, but the valuation will hinder that story for the next 6-12 months. Until EU trades at least 400 pips higher it's not really worth ...

EURUSD