Hello Claudio. No such thing as an "official exchange rate" for most of major currencies. The money exchange market is not centralize and "any" and "all" institutions that publish anything they choose only 1 source. If you would like something ...

Official Fixing Rates - which ones can be used?

Hello Spudfire. I read a few of the posts and your reasoning logic. In your first or second post you mentions that "The volume indicator shows us everything, the secret is interpreting that information to determine the price level.." What exactly ...

Volume Price Level Trading

Hello George, happy new years. Gaps are quite common when our Brokers are closed and are not taking any orders. In spite our Brokers are closed for business, currency exchange is still happening around the world and the quotes could change during ...

How Does This Type of Gap Happen?

.. I guess I disagree with the BIS report. And also disagree with the comment of the link.. I mean if someone calls trading currency, as trading derivatives not much to read after that. I guess also that all comes down as we understand what High ...

Automatic trading

. Hi FXEZ... no chops busted. Yea.. you have the correct math... I was going after the concepts. a) The Probability of each trade is determinant by the distance in pips of the TP and SL. (using FXEZ math) Nothing to do with criteria/discretion nor ...

Probability depending on distance

. I agree with M-H Trader... I go even further.. my believe is HFT in forex is not even 3%. HFT systems are based in algorithms that involve multiple symbols in stocks, index, commoditites, etc.. and takes advantage of market inefficiencies... forex ...

Automatic trading

. I added you to my skype... I can help you work the details or coding ... but most likely after we go thru what "you think" you may found, you will be disappointed. ...NOTHING with indicators work in a consistent base. You just have not gone thru ...

Found a Hidden Secret in Forex - Need Help Making it a full System

In reality, for forex this "distance in pips" where the TP and SL are is the ONLY way to calculate probability... perhaps not from a pure mathematical theory but in the practical. If we do not consider the spread: If we place a trade 1 pip tp and 1 ...

Probability depending on distance

After 5 years of trading manually, which is very boring, I started to look into automation. First thing was to automate my own manual strategy that I considered to be the most simple strategy in the world... but what a surprise... in short, it was ...

Why EAs and manual systems differ?

I am not sure if I understand what happened to your family. But yes, some countries inflation can send their currency in a unstoppable down-spin and no one wants that currency. That is why is very important to choose the type of "assets" we acquire ...

Do you believe in forex?

Why is so hard for some to understand that about 65% to 70% of the total money exchanged in the world IS NOT for speculation.... No winner nor losers. Why newbies and not so newbies think that the whole Foreign exchange market revolve around them.. ...

Do you believe in forex?

..I guess you didn't get it... I never said my father business was fx trading. Those words were not even known back then. My father business was a regular fruit wholesale business... but He did buy a currency different then our own country ...

Do you believe in forex?

A real perspective of what Money exchange is (forex) . I believe that , since money exchange for speculative purpose (retail) has been gaining popularity, easy to do from your own home, Wall street has been doing a systematic campaign to discredit ...

Do you believe in forex?

I think someone told you wrong. The FDIC does not extend security benefits to forex traders in the USA. I believe none, regardless if it is a Bank or Broker. Here is a difficult to find risk disclosure by Citi- USA. CitiPro UK does have that ...

Best Secured MT4 Broker in US

. You could withdraw, say 1k, and open account with a different Broker with $350 and try to repeat. But basically, the purpose will be learn the process and speed of Broker withdrawals. Sometimes brokers are very eager to open accounts and want you ...

Withdraw or reinvest my capital?

. The right place is were "you" want it to be, according to "your" appetite for risk, and according to "your" money management plan, account size, etc.. If you have not in place or tough about the mentioned above, it will be very difficult to ...

How can I be sure that my SL is in the right place?

The cat picture is extremely funny.... Good cat advise, At least I learned a new term today .. what is it? "nedging" or something like that. Somewhat true... probably agreeing with Jack and others that in around forex forums there is no ...

Profitable hedging strategies?

I general, due to the efficiency of the forex market no indicators will even work on a consistence manner not even for a single pair, therefore there would be no logic that they would for a basket. All indicators work doing calculations of past ...

Basket Trading - A Summary

Lets do some calculation if really end up paying more spreads by buying the other currency instead of selling the one you hold immediately. Lets calculate with a fixed 2 pips spread for simple calculations.. Buy 1 lot of euros at 1.3050 paid 2 pips ...

Profitable hedging strategies?

I do not know why is so difficult for some to understand the real meaning of hedging but it is obvious that none that has posted knows a "hedging strategy" profitable or not. And all the examples given are terrible, and not strategies at all. Sadly ...

Profitable hedging strategies?