I agree with you Merlin, but take into consideration that I now need less reserves than before. I don't spend on gas for my car now as I used to while I was working, I don't eat fast food anymore, My mobile monthly bill decreased dramatically, my ...

Paying Yourself

When I decided to become a full-time trader, I made sure that I won't need any money to be withdrawn from my accounts for at least the next 2 years. This is mainly to ensure that compounding is on track, and to ensure that I am not going to be ...

Paying Yourself

You will have to accept the slippage man. They might honor the stops during the news to a certain limit. For example, they might be able to honor your stops if the market spiked above or below it by 10 or 15 pips, but I don't think they won't honor ...

Trading News Risky?

To some extent I disagree. Some studies show that 90% of stock options expire worthless, so actually option buyers don't make too much money. The concept of low risk high reward is not logical, and that's the case with buying options. You might want ...

stock trading

No broker offers demo accounts in stocks...To measure your performance in stocks you will have to paper trade or participate in one of the stock market games out there. I am not sure if there is still some of them for free or not. You can also start ...

stock trading

I would be really surprised if this is the case. Why do they hire all those MBAs, CFAs then??? Thanks, Nader

Where does the money come from?

Any corporation that is involved directly or indirectly in an international trade action or deal is considered into the game of forex. Since they are called Multi-National companies, they must be doing business in many different countries, so they ...

Where does the money come from?

You can just trade any pair with the appropriate setup of the BB parameters. Some pairs will perform very poorly with 20,2 (The default setup), some pairs will do good. You will have to play around with the parameters to find the best for the pair ...

Bollinger Bands Strategy

You are talking about a swap contract, or forward swaps...I was explaining that InterBankFX have an item called swap which is exactly the same as rollover with other brokers. Well, if you look at it, you will find that InterBank might create a ...

Interbank Fx

Actually no body except import/export firms hedge currencies. Maybe some tourism companies here and there, but 90% of the hedgers, I believe are import/export firms. Thanks, Nader

Where does the money come from?

International trade is huge, real huge. We are talking about $1500 billion of currency exchanges per day. These exchanges or trades are repetitive to some extent. I am long today, I close my position tomorrow and I open another position with the ...

Where does the money come from?

Swaps are rollovers. When you are short the currency with the higher interest rate, you are charged rollover or swaps for every day you hold the position. The rollover or swap is usually calculated after 3:00 PM EST. On Wednesdays, you are charged 3 ...

Interbank Fx

I think you would better ask them directly throught the live support. My own opinion for this is to prevent any claim from any client side that problems in their servers resulted in unwanted stops to be filled. You can claim easily that their server ...

Interbank Fx

Remember that on the same planet we are living on, we have completely different seasons in the northern hemi, and the southern one. Also remember that while some countries or cities are experiencing calm, nice and sunny weather, others are ...

Shrinking Market

Well, this depends on how are you using the Bollinger Bands. The fancy about the Bollinger Bands, and that's why I love them so much, is that you can trade trending strategies or swing strategies with them. You can even trade volatile markets using ...

Bollinger Bands Strategy

You are averaging!!!! In Forex Markets ?????? This is suicide....I can understand people averaging in stocks or bonds, but I can't understand people averaging in Futures or Forex...In stocks and bonds, it's a pain in the ass, but in futures and ...

I'm new Heeeeeelp

If you are really convinced that trading Forex is not easy (It is not in my opinion as a full-time trader, it's one of the hardest jobs you can take in your life), then you won't be frustrated if your friends made $100k in a month just following the ...

I don't get it, it is just not right

Only put money that you can afford to lose. This doesn't mean that if you can afford to lose $25k, you go put them in just one account, NO. If your capital is large enough, diversify between brokers. When you have 3 live accounts, it's easy to get ...

I'm new Heeeeeelp

It is clear that the rate increase was discounted earlier in the price action, that's exactly what you did with oil, buy the rumor, sell the news, or short the rumor, cover the news Thanks, Nader

Central Banks Watch

It is clear that the rate increase was discounted earlier in the price action, that's exactly what you did with oil, buy the rumor, sell the news, or short the rumor, cover the news Thanks, Nader

Bonds