Typically, when we are pushing back against systems it is primary short term (minutes, hours, few days) systems that we are opposed to. The issue is the inherent trading costs of frequently churning your account like that. It sounds fun and can ...

Forex Essentials: Course Support Thread

Yeah Techtrader, your system, like most systems I've seen, will not work all the time, and your experience is proving it. I strongly recommend, if you're really interested in the forex, you let the system go, and really learn how to analyze the ...

I'm losing...insight requested....

Educate yourself. That's what we recommend. Don't rely on any signal software or mechanical trading systems. Learn the market, learn fundamental and technical analysis, and learn to minimize risk and manage your portfolio.

Suggestions you could give a beginner!

Great thread, everyone. Thanks for the ebook. It's always nice to keep reading good stuff about the industry. I know I wish I had focused more on myself psychologically as a trader when I was just getting started. One of the trading psychology books ...

CTA e-book on Trading Psychology

FWIW, here are the top 10 countries providing visitors to our forex site for the last 6 months. 1. United States 2. Canada 3. United Kingdom 4. Malaysia 5. Singapore 6. Australia 7. Nigeria 8. Indonesia 9. Germany 10. Poland

Where Are the New Forex Traders Coming From?

Thanks for creating this thread. I find this topic fascinating. On our site, we're seeing interesting trends in emerging markets. Lots of growth coming from the Middle East. We even see users in Iran! Australia is also growing a healthy number of ...

Where Are the New Forex Traders Coming From?

I agree, but I'm not holding my breath for a near-term rally. Still too much hanging out there for the US economy to overcome quickly. Ryan

Dollar Long Time!

Try both, and use whichever fits your trading style. I highly advise new traders to become proficient in Fibonacci analysis.

Pivots vs Fibonaccis

Eklavya, You are correct. We do use the non-commercial numbers in our calculation. We have found a nice correlation between the non-commercial position and the movement of the currency pair itself. We have a net short position listed on the ...

Trading COT Report

Eklavya, We love COT trading! And we follow the movements of institutional dollars very closely. We've actually done significant backtesting using COT data as a tool in making trading decisions, and historically it is very, very affective. We chart ...

Trading COT Report

If you are interested I just finished a webinar on that very subject. I posted links to it in the news forums here on Forex Factory. I have been writing options for a long time and with the introduction of exchange traded options in the US last year ...

Writing Naked Call Options... w/Martingale

You can use the ETFs for carry trades but it has the disadvantages of fees and restricted leverage. The low leverage thing could be an advantage though if you have trouble disciplining yourself. Rydex puts excess roll over premium back into the fund ...

Does anyone use ETFs to execute a carry trade?

Backtesting, backtesting, backtesting! — I want to comment on the original question of mmeimandi: "How do we know if a trading system that we are trading or going to trade is profitable in the first place?" I'm a bit shocked that there are ...

Money Management 101

119.50 — I agree with you guys that think that the USD/JPY has some more downside in store. I like the 119.50 level for very temporary support as the halfway mark on this most recent rally (March - June). Beyond that, I wonder if the most ...

USD/JPY Discussion

Other markets — Have you ever tested this idea in other markets? Do you know if it is as interesting in oil or stock indexes for example?

Simple Daily System