Hi Not-KPMG, I've always been curious about blockchain but never really had much time to dig into it deeper. Perhaps the main thing that discouraged me was that you can eventually have an unlimited supply of different cryptocurrencies, with all the ...

The rise of CRYPTO - Bitcoin, LTC, Ether, Dash, Monero

Keep in mind we have the midterms in the US on Tuesday which are still looking like a coin toss, that's by far the main event of the week / month. It will be very hard for traders to commit to any directional positions hence I am expecting quite ...

EURUSD only

That minimum number applies differently to everyone and there are many things to consider. I would say 250k at least. You want to have 50k on the side, to make sure you don't need to withdraw to cover the cost of living for some time, and to have a ...

Minimum Balance to Trade Full time?

There are no stupid or silly questions, and I am happy to answer anything whenever time allows. I've once been trading on the retail side too and I often struggled with no information, misinformation and overall lack of anyone experienced willing to ...

Trading news and sentiment

There isn't a clear and definite answer to this, it's more of a combination of things Price action tells you a lot about positioning - in general, market participants on the institutional side are trend / momentum followers so that gives you the ...

Trading news and sentiment

Might not be a bad idea, looking into it as well. I've been trading around USDTRY with a short bias from 6.80 but now it looks like we should be looking for a bottom - have been covering shorts last 2 days and now looking for 5.20 - 5.50 area to try ...

Exotics (USD/TRY, USD/ZAR, USD/MXN, and others)

1) EURCHF - people that were long EURCHF or short EURCHF downside volatility before the peg blow-up are all out of the market, and that is well deserved unfortunately. That trade not only made very little sense at the time from a macro perspective ...

Pro traders who do not use SL, What about Black Swans?

A lot of what's been happening in EUR, Cable and USDJPY last days is related to the month end USD demand caused by large volatility in other assets (stocks / bonds) during the month and resulting FX hedge rebalancing needs. A decent chunk of these ...

EURUSD only

Yep, feels like it's been playing out nicely today. The same goes for USD apparently, the month-end demand is supposed to be very strong because of relative asset performance - it also trades like it and it remains extremely bid with very tiny ...

Trading news and sentiment

Hi deanoracer, Congrats to your new thread. I hope you won't mind, not trying to be a troll, this is just friendly advice - something I realized after many years of trading that helped me a lot. Targeting 10 pips per trade is a very hard game to ...

10 pips a trade

This is very true. I personally use a slightly different approach as I am often unable to trade after the news in its direction, given liquidity constraints for the size I need to move around. Usually the only way for me is to be the one who is ...

Trading news and sentiment

Hi EcoTrader, Some very good content you are posting, great job. I will follow it and chip in with my views if that's fine, whenever I have time. Cheers.

Trading news and sentiment

Remember it's month end today in spot terms (T+2), and given the moves in equities this month there should be USD demand into Reuters fixing (now 3pm London because the time changed this weekend) as pension funds and large asset managers need to ...

EURUSD only

Hi groper, Do not compare these things in forward points, you need to compare it as a percentage of current spot otherwise it doesn't make sense. For the numbers you gave, what's the time period you are looking at? Seems like 1 week to me? Like that ...

Exotics (USD/TRY, USD/ZAR, USD/MXN, and others)

hi guys, It's really cool someone started this thread. I actually trade these what you call "exotics" for a living, at the fund I manage capital for - would say I focus 70% of my time on these EMs and 30% on G10. Just a side note, be very careful ...

Exotics (USD/TRY, USD/ZAR, USD/MXN, and others)