I personally like to use a 14 period Average True Range (ATR) with 2 standard deviations to determine my stop loss in conjunction with a pivot point. This has been the MOST effective method I've found. As you may know, the average true range will ...

Money Management / Risk Management

This is so cool. I too was thinking about putting the calculations into an Indicator as well. While my platform (metatrader) allows scripts to be run, it doesn't give you a macro language like excel or word. It would be so cool to just press a ...

Lot size calculator for good money management

I'm sure some brokers would be willing to offer this service :-) Can I oblige.... without charging a spread? You give me your real money and I'll give you a demo account to the same value.

How I Turned 1k To 100k In A Wk!!!

Vahid Nice work and thanks for the effort. On the Aussie, the reserve bank of Australia are talking about raising interest rates again which could mean more buying pressure. How do you see this impacting on your bearish analysis of the Aussie? TrevA

16 Currency Pairs Analysis Every Night

NW_Trader I use this indicator and find its signal quite subjective. The hourly alert is often too late or early, depending on the trend and should only be used AS A GUIDE. Sometimes, the breakout is so clear that you take the trade well before the ...

How I Turned 1k To 100k In A Wk!!!

MB Trading charge a commission instead of the spread, but it's the same thing. Spread EUR/USD = 1 pip, Commission = 2 pips.... isn't that the same as GAIN? TrevA

The Best News Trading Broker

As mentioned by another very experienced trader on this thread, goto url and do the course. I'm happy to answer any of your questions but ONLY after you have done the course. Also, just about every angle of forex has been discussed in detail in ...

LOST 7K$ in one week, help!

This is unfortunate and I feel your pain but you have learned a valuable lesson early. It takes balls to jump in like you did so leverage your experience, listen to the fine advice being given in this thread by highly experienced and knowledgeable ...

LOST 7K$ in one week, help!

The red and blue horizontal lines are profit targets. Learn more about the concept here as explained by Mouteki: url The arrows are signal confirmations, but be careful for two reasons: 1. The confirmation is no guarantee that the breakout is ...

How I Turned 1k To 100k In A Wk!!!

Enjoy your family... Xmas liquidity is very poor. Save your capital for next year. TrevA

Holiday Trading

Hi Seqds The circles on the wicks of candles represent fractals... you will notice that they form approximately two bars later and indicate a change indirection. In the Demark system, they are used to indicate trend changes. By drawing a line ...

How I Turned 1k To 100k In A Wk!!!

Hahaha, this is all just good fun and I take your point! TrevA

i doubled 5k to 10k in a days

You would need to make a really bad call to go down 3-400 pips! On a bad day that's almost impossible even with a highly leveraged account! You should blow an account just to test your limits. I can assure you that once you blow up a real account ...

i doubled 5k to 10k in a days

What is your secret? — Hi forex2money, Congratulations on your success this week. Well done! Now, do you have a system that you would like to share with us that might help us too? What system do you use? TrevA

i doubled 5k to 10k in a days

No worries Forex It... thanks for your contribution. TrevA

Why are the banks intervening? Are you concerned?

Yes, i too have observed that price around newstime tends to move before the news release. I have concluded that either the news has been leaked early or people are "jumping the gun" in anticipation of the expected result or that some traders have ...

Why are the banks intervening? Are you concerned?

I also find this very hard to believe.... an urban legend perhaps? TrevA

Why are the banks intervening? Are you concerned?

Can you verify this? How did you find this out? I thought that the interbank forex network was realtime..... For example.... when news is released such as the US interest rate statement the other day, the market immediately moved in a chaotic way ...

Why are the banks intervening? Are you concerned?

Out of interest, do you know who asked them to intervene and for what purpose? Fxbroker et al... "Why are the banks intervening?" is the whole reason for this thread. Controversy and opinion is encouraged provided that it is not personal. ...

Why are the banks intervening? Are you concerned?