strong resistance at @1.3127. If it can break 1.3130 definitely will cross 1.3150

Trading EURUSD only

I place a buy stop order @1.3127 and tp @1.3167 and sl @1.3090

Trading EURUSD only

If I don't place stop loss by mistake then I will not stop the trade and will hedge to make constant the loss as my broker allow direct hedging.

Stepping out of a position

I am trading in forex since 8 months and still losing money. I don't know when I will start earning money in a consistent basis.

So how much are you making?

I choosen forex trading as a part time job because it is easy to learn. Also I start live trading with only $100. So here I can start trading with little investment which makes it suitable for student like me.

Why do you Trade Forex?

I am also very interested on price action strategy. I don't use any technical indicator except a support and resistance indicator. I keep eyes on candlestick and also draw constant lines, trendline to make analysis.

Price Action and Trading Discussion

What do you think? EUR/USD go down to 1.2880 or go up to 1.2925...

Trading EURUSD only

If I have select three qualities of a successful trader then it will be: 1.experience. 2. Discipline. 3. Good trading strategy. These three things are most important in forex trading according to me.

The 3 Elements of a Successful Trader

Never take loan for a risky business like forex trading. It is because you can't give the surety of making profit from this money. It can make you more frustrated. I know forex trading is like an addiction for some trader and they can do anything to ...

Take a Loan to Trade?

It's really great if I get any musical technical indicator and can make order after hearing my favorite tone. This type of EA or indicator can be very attractive for trader and also give them mental refreshment.

The Music of Forex

I think this forum help me most in improving my trading skill. At the beginning, I was not so serious about fundamental analysis. But now I am join in this forum and always keep eyes on economic calendar of this forum. I also participate in ...

What helped you the most to be profitable?

20% per month is very possible in forex trading. We need a good trading strategy and if we can establish it anything is possible here.

20% per month. Is this possible?

Motivation is always important in forex trading. Because here we can face continuous losses and which make us frustrated. So we have to motivate ourselves to forget the losses, to create something new and to regain our confidence.

Motivation in trading...

I am a day trader and my trading strategy is price action strategy. I place 20-35 pips take profit (t/p) in every order and I don't follow any plan in placing t/p.

Help for Newbies (Discussion Thread)

I have a bad habit of over trading. I am a day trader. So I always looking for opportunities to make order.So usually I make over 50 orders per week. It also depends on market condition.

How often do u trade?

What you are guessing about your broker is not impossible. Devil brokers can do this as they have many software. I have heard this complain before from many traders. I think it's a fact not only a guess. So change your broker. You can get ...

Broker Manipulation

To keep the record of past experience in trading is good for trader. At least they will not forget the mistakes for which they loss money onetime. But I know very few trader write trading diary because most of trader think that it is useless .

Difficulties of Keeping a Trade Journal

Nothing is impossible in forex trading. You can make $1200 profit from $3000 in a week, which is 40% profit in a week if your luck, analysis and market favor you. If you trade with standard lot than you have to make 120 pips profit (total pip gain - ...

How much do people make trading FOREX

hold short position or not? My wolf wave indicator indicating to remain short till 1.2926

Trading EURUSD only

I am waiting for strong reversal of AUD/USD. As it cannot cross 1.0300. I expect it will go down under 1.0250 today.

AUD/USD