Question for Diallist. — Hi Diallist, I have read what you have written about using high leverage. I'm inclined to disagree as a very experienced trader. Don't take offense because i am just asking you why, not questioning your judgement. One ...

Anyone using high leverage successfully?

Ghost your exactly right about his post. He could not know in advance what the numbers are, then about the revisions, and then most importantly that the article about EU IR would come out. Todays trading was all fundamental and had nothing to do ...

NFP Feb 2

No change in spread? I bet their are a thousand other traders that would beg to differ. Facts are facts... Oanda spreads get very large during most news releases. The free ride is over with them and you must move on. You made a choice going with a ...

NFP Feb 2

Wow, great idea using u-tube video. I dont know who in their right mind uses a variable spread broker during news. My spreads were a steady 3 throughout. Please tell me I didn't see 200 pip spread on GBP/USD. That is just flat theft. The report ...

NFP Feb 2

This move has nothing to do with Bernanke. It's typical rumors and stop running not related to the fed speaker. The speach is about long term fiscal challenges.... All of this has been said before many times and certainly not a market mover. In fact ...

US CPI Jan 18

Rumors — Rumors make for the best trades. Most people were long USD so this just added fuel to the fire. Now its time to fade that move. I expect EUR/USD to retrace most of that move up and continue its downtrend. Weak USD positions were taken ...

US CPI Jan 18

If you plan to use a trailing stop make sure its at least 10 pips out. Otherwise it will get picked off pretty quickly. If you notice the market swings to get these stops and then continues on in the direction of the trend.

Trailing Stop or Take Profit?

It's very possible to make a substantial amount of money in forex. Just how much depends on your risk level, initial deposit, and amount of time you spend per day trading. I practiced with a small amount of money until I became consistant over a ...

How much money can be earned after years of study and trading

In general it is not necessary to keep a large amount of funds in your brokerage account. I never keep more than 150k because its just unsafe and not necessary. Most brokers will give you a line of credit if you have the funds deposited at a FDIC ...

So your brokarage account just hit 7 figures

1. I think world wars would definitely send the forex market (or any other financial markets down the toilet) Other than that, the market is global so specific conflicts in parts of the world would not affect this market too much. This makes no ...

Hey, Newbie got some questions

Their are some valid methods on this forum. The challenging part is implementing them in the correct market environment. I like to use a combination of strategies and indicators that keep up with the newest market trends. No system is full proof, ...

anyone making REAL money with any systems on this forum??

This was a nice short from 150.50. Covered half at 150.25 and holding the rest just below entry price. Either way locked in 30 pips.

Daily EUR/JPY analysis

Yes they fill orders before news releases. Just point and click the price you want. Even during the news you always know what price your getting if you use the clickable prices. The spread is fixed ... 3 EUR/USD 4-5 on GBP. Phil where did you get ...

Forex.com?

Forex.com — The platform is just okay, but allows you to make trades very quickly (point & click). The interest payments are terrible and thats my main complaint. I mainly use this platform for trading the news. If you carry trade I would ...

Forex.com?

I like the risk/reward on this trade. Go for it! Good luck

Daily EUR/JPY analysis

I have ran several accounts up over 100k with a starting balance of around 5k. If you want details pm me. I don't want to sound like im bragging or discuss it in an open forum.

Amazing Trading Stories!!!

This NFP was no different than any other. Its simple : use the right broker, don't ever place straddles prior to the news, and follow the market reaction. There is no reason not to make 30 to 50 pips fairly safely. It just takes patience and knowing ...

NFP and rumors around

Outstanding response — It appears we have about 15 people that have already responded. I am really surprised so i think this idea is a go. I suppose we should try to pick a time and location that is convient for the majority. It might also be ...

DFW, Texas trading group

Interested - DFW — Hi Im from the DFW area too ( Frisco) and just found this thread. I don't post much but i do read this forum quite often. Im a professional currency trader and would enjoy attending this group. Its great to get other ...

DFW, Texas trading group

I agree with your analysis and im in the same trade. Looking for a test of yesterdays highs and possible stop loss run a touch over the figure. No news today so the markets seem very quiet. Most movement is choppy so anything could happen.

My trades by Dave