Aussie is going to correct. We've had too big of a downwards move without a significant correction. It is likely that we will make a big drop first. If I see a big 5 min candle down, I will be getting out of my short. I'm shooting for 0.8750 but ...

AUD/USD

1. Stop trading completely. 2. Figure out a good trading system. Research the systems posted here and elsewhere on the internet. 3. Demo the system for 1 month (or more if it is a long-term strategy). 4. Then use it on a small real account. In both ...

Traded three years - Not profitable

On a single trade, around $10,000. GBP/JPY was moving like crazy and I wanted a piece of the action although my signals didn't go off.

What's your greatest loss in trading

Great thread, LT. One comment I would like to make based on my personal experience with traders. I work in the industry and have met more than my fair share of professional traders. A significant number of the successful ones had no clue what ...

Shortcuts to becoming a profitable trader

yeah, the noob phase except with a quarter of a million dollars.

Ouch! Trader carrying heavy losses

Instaforex for sure. There are tons of people reporting bad experiences with them. Little to no regulation, high leverage and slow withdrawals. Just a piece of advice. When you update the thread, include a quick summary of the bad experiences that ...

List of unreliable brokers (updated once a week)

A broker who is honest would eat the loss and let you get out at the best price between the spike and now, but I doubt you will be able to. Never hurts to try though. This is why you never ever overleverage. You never know what kind of crazy stuff ...

Silver down to $0.18 - Megaspike on Alpari!

Here's someone on the site who is using InstaForex with a $250,000 account. url

Why do so many people have accounts with just awful brokers?

Great Post! I have something similar that always reminds me of the dangers of overleveraging, overtrading etc. If you stick to your edge, you will make all of that money back. Good luck!

How and Why I lost over 75% in 2 days and what I’ve learned

Depends on what volume you're trading. They are 1M up at least on all major pairs. So, you could easily put on nice sized positions. If you have a really large account, then you're better off elsewhere but for small accounts they're very good.

Why do so many people have accounts with just awful brokers?

I'd finally quit my job, trade a little bit here and there, travel a lot and focus on staying healthy and active. I'd also give money to family so none of them would ever have to work again. If I have even more money left over, I'd buy a small ...

If you ever made it as a trader...

Folks, don't pay this guy for any lessons or do anything that he claims to be doing. He is a fraud. I made detailed posts about him in the members lounge. Do read them before taking anything he says seriously.

Can you honestly earn a good living or even get rich through forex?

You only have to worry about transaction costs after you meet the following requirements: 1. You'e trading 10+ times a day. 2. You have been consistently making money for at least 6 months. If you are doing both the above, time to think about ...

Why do so many people have accounts with just awful brokers?

If your account is large enough, go with MB Trading or Interactive Brokers or some pure STP currenex broker. Stay away from foreign brokers unless there is virtually no one complaining about them on the internet. But you will probably need a large ...

Why do so many people have accounts with just awful brokers?

Ahh... takes me back in time. When I was in college, my friend was dating this Russian girl. Prettiest thing I had ever seen! And she was such a great person too. I would've dated her in an instant. Screw the guy code. But my friend never broke up ...

Instaforex, are they honest and reliable?

It's a shame that they're a scam. They have some really good looking employees! I especially like Ekaterina and Irina. : ) Maybe, I would've considered opening an account just so I have an excuse to go visit them in Russia. I've always wanted to ...

Instaforex, are they honest and reliable?

You do realize that at some point, they will bend the rules if you're making money, right? Like requotes or locking the platform for a little bit when it's volatile, accusing you of breaking their rules by scalping, or feed error excuses etc. I had ...

Why do so many people have accounts with just awful brokers?

And do name the broker. They were probably trying to shake someone else out of his/her position.

Cancelled oil trades