Yes that's correct, you should choose the highest leverage your brokers offers, that way the margin required is lower. This will allow you to keep most of your money at the bank and only a small part deposited in your trading account.

Forex newbie questions - Pls help

Trading is not about that, I suggest you to read larry harris book "trading & exchanges" so you can understand who, how and why people trade.

Nail small amount everyday?

Thanks man, I cracked my self up reading this!

A year and a half experience and still facing difficulties

They didn't announced it as far as I know, I just noticed it was not available anymore in the Fxnews and I asked customer service about it...

Oanda discontinuing Thomson Reuters financial news

Thanks for the twitter suggestions!

Oanda discontinuing Thomson Reuters financial news

So which one would you recommend (free or paid)?

Oanda discontinuing Thomson Reuters financial news

IFR often publishes information about who is behind certain market movements. You really need to pay attention to a news service, a chart does not contain that kind of information.

How to differentiate pro and amateur price movement?

Because it's not.

If it's such a great system, why isn't there a Trade Explorer attached?

Well, based on my experience, I would say money management is the easy part of trading Forex. You have full control of the size of your trade and the setting of your TP and SL.

Emotions (money management)

Yes, you're right. Most useful thing in this forum is the calendar! And i would also like to say that most knowledge comes from books. For example, "Trading and Exchanges by Larry Harris" costs about 50 dollars and there's more useful info in there ...

Only 1 good thing

Why would You need to discuss your trading strategy with your broker anyway?

Wise to discuss strategy with my broker?

Because in reality most systems published on this or any other forum don't work, but in order to discuss this we would have to go back to how a system is developed and how markets work, but that's another topic.

Attaching Trade Explorer to system threads

Cause and effect relationship. There has to be a reason why your system works, that's how you decide if you want to trade it or not. If you can't explain why and how your system works, then it is 100 % sure unprofitable. This kind of thinking will ...

How do you develop a system?

An interesting approach is to remove your stop loss (if any), turn your computer off and then come back in a few days.

How to exit losing trades

I have taken more than 2500 trades since 2007, still losing but I have survived.

Have you taken more than 400 trades?

Oh please, are You serious? there's no conspiracy against You or against anyone. There's a lot of good information about Forex out there, and most of that information is found on books. By the way, what is "practicing on charts"? There seems to be ...

Got advice for a rookie?

Trading & Exchanges. Larry Harris Markets and Market Logic. Steidlmayer - Koy Orderflow Trading For Fun And Profit. Daemon Goldsmith Reminiscences Of A Stock Operator. Don't remember the author right now... "carol Osler" (Do a google search and ...

Got advice for a rookie?

Your charts and lines are simply not enough, you need other kind of information to know where buying/selling interest is sitting at. Start reading a news service such as IFR.

Help me on Support/Resistance lines

Hu? The answer would be zero. Anyway, I'm just saying we've all seen this "trade less-keep it simple-just catch a few pips" kind of advice many times before, and it's just so boring.... Really? This is your advice after seven years of trading ...

Best advice I can give a new trader