No apology necessary but thanks anyway, I get too passionate about this stuff sometimes, lol!

trading with fundamentals is the only way to go

I just find the markets interesting....sad huh! I forget sometimes that others don't share my enthusiasm Like any other job I think to stay in this game for the long term you have to be interested in more than just the money, otherwise we would ...

trading with fundamentals is the only way to go

Which is? I thought the thread was about trading fundamentals, so I gave an example of a fundamental analyst who happens to be very good at what he does, consistently. Leon mentioned paying for Reuters, all I was saying was that if people like ...

trading with fundamentals is the only way to go

And they would be right! The problem traders face is not knowing when it's going to be non random so trades have to be based on the premise that the market is random.....ie the market isn't always random but we have to trade it as if it was. Markets ...

Greenspan and Currencies - Delusional?

No-one 'knows', it's just a probability based on available information, no different than any other kind of analysis apart from it being based on something more relevant like various country's economic outlook, believe it or not they don't make ...

trading with fundamentals is the only way to go

Leon and Dopey, you guys are so far off the mark with this, sorry. Let's take someone like Hans Guenter Redeker (BNP Paribas) as an example.... In August 2008 when Cable was at 1.97 he was saying 1.65, which it fell to by October 2008. In October ...

trading with fundamentals is the only way to go

lol, very naive comments, you're not the first to make them and I doubt you'll be the last! Have you never heard of a little thing called liquidity? By the way Greenspan was wrong about so many things, this is just another example. There are plenty ...

Greenspan and Currencies - Delusional?

Hi Leon Why bother with Reuters or Bloomberg terminals when there are some excellent analysis available for free from people like Hans Guenter Redeker (BNP Paribas) and Jeremy Stretch (Rabobank), these guys have an army of top fundamental and ...

trading with fundamentals is the only way to go

No set number of bars, just use the obvious swings high and low and then find correlated levels across different time frames for more probable trade set-ups. Fibonacci can be very discretionary, it's an art more than a science

Fibo and how many bars

haha, yep I reckon you're right, I'm always staring into space looking for inspiration I think some of the people here who talk about the market not caring about fundamentals in the short term, or who think that fundamental analysts have some ...

trading with fundamentals is the only way to go

Harrow or barrow, I'm guessing the latter

Amount needed to trade for a living??

I'm not sure that's true when you consider the people who coach and train pro golfers, tennis players, boxers etc etc, how many of them have competed professionally in their sport? There's also a big difference between mentoring and just teaching ...

Amount needed to trade for a living??

It's still a crap shoot but at least it's based on something intelligent! There are some great analysts on the financial news channels (ie Bloomberg and CNBC), if you watch regularly you'll get to know the consistent ones and have your favorites. ...

trading with fundamentals is the only way to go

Sorry I didn't mean to be cryptic, it's just some people have a different idea of what a mentor is and promote some paid-for training courses and blogs. There's no need to pay for that stuff in my opinion, especially when there's so much free info ...

Amount needed to trade for a living??

lol, I don't think the OP is that gullible, save your time

Amount needed to trade for a living??

I don't know very much about ACM but from the looks of it they're a Swiss company (Swiss regulation of forex is a bit of a grey area), personally I would choose one of the NFA or FSA regulated mainstream shops (Oanda, FXCM etc). It again depends on ...

Amount needed to trade for a living??

Hi Jim Ball park, a novice short-term/daytrader who has thoroughly tested his strategy and has developed the skill and ability to trade it live can probably produce maybe 1 or 2% per month if he's reasonably proficient, going up to maybe 5 - 10% per ...

Amount needed to trade for a living??

lol, and where exactly do you think brokers hedge their net exposure? What, you expect them to subsidize your carry costs? Last time I checked, brokers weren't running a charity!

Question regarding swap rates

Good question! Because banks charge more if you borrow than they pay if you deposit, that's the nature of their business. That differential has widended since the recent financial crisis, and interest rate differentials of respective countries have ...

Question regarding swap rates

If you don't already know what your rules are then it sounds like you're still looking for a viable trading strategy and a trading plan, or in other words the whole package!

What Are Your Trading Rules?