Hi Many of the info in this file are based on actual Live Account Experience. There are hundreds of economic data released each month. Not all are worth trading. Knowing which data have significant impact on the market helps us with our trade. My ...

Let's Trade The News!

Deny Only Straddlers Attack I've seen this kind of attack on another broker consistently during NFP.

North Finance under DOS Attack

Sorry for asking (as I dont have this info), how do I get to know the Interest rates of the more lucrative currency pairs? As mrmikal clearly pointed, it is a balance between Interest Rates vs Spreads to make this profitable.

making (a little) money off interest

Nice Strategy! I never thought of this ingenious strategy! Do you have any "no interest" brokers? I know *** but are they OK?

forex arbitrage

Stockwet, How much is the minimum required to open the regular (not mini) MT4 CoesFX account? You mentioned 3 weeks. CoesFX MT4 is running for 3 weeks only? I assume that CoesFX welcomes News Traders ya? Do keep us informed on the CoesFX MT4 ...

My MT4 broker experiences

Slippage is a double edged sword pointing at you the trader! If slippages are Trader Friendly, then Brokers would have removed slippage from their arsenal. The Broker's explanation of "next best price" may sound fair to them but it is not fair to ...

ever gained money from slippage?

After 6 weeks of news trading. One thing I come to understand is "not rush things"... A win here, a loss there, no worry. Forex is not a sprint but a marathon. Sure some makes x2 every 3 trades. Envious! but im ok earning a few so long as I dont get ...

Non-Farm Payrolls 1st of SEP

I have backup power. I have backup broker. But I did not have backup trading computer... Now that I have fully recovered my FXCM losses, I was hoping NFP could buy me a new LAPTOP for trading.. =)

Non-Farm Payrolls 1st of SEP

I have a bad day. My computer hard disk corrupted and have to install new OS. Then I got infected by virus immediately upon connecting to internet - less than 2 hours to NFP. Then I have to download a large video card driver, XP service pack and the ...

Non-Farm Payrolls 1st of SEP

This is a good way to enter the trade for brokers who does not allow you to trade during news such as FXCM. However, dont do this for brokers that shuts down their servers for several minutes after the news as you wont be able to close the losing ...

Getting Around your broker

Cracking the NFP numbers — I have been studying NFP data for a few weeks now and was asking: "Why do we get whipsaws?". Looking at the historic numbers I think I found why. Here is a compilation of historic numbers from Jan 2006 to Aug 2006: ...

Non-Farm Payrolls 1st of SEP

Cough, cough... Are you referring to GBPUSD, or EURGBP? Because ECB is an EUR news - it has nothing to do with GBPUSD. Though there is a strong correlation between GBPUSD and EURUSD, still ECB is not a GBP news.

Suprises not Trichet's style

Firstly, from where/who did you hear to get 50:1 or even 10:1? I was consistently loosing money when I started with FXCM's 200:1. Reason for loosing was because of bad luck. T/A is not as "technical" as one would think - its very much a good luck ...

ADP predicts NFP?

I have a 200:1 account with FXCM. Indeed I managed to screw myself bad when I tried to "over-bet" my account when I started. I lost 75% of my equity from placing too much lots and on bad choice of news to trade. However, I made it all back and with ...

ADP predicts NFP?

Some brokers would not accept orders during news - some more notorious would not allow you to make orders 5-10-15 minutes before the news; FXCM comes to mind. Therefore, straddle is not possible. The only way to get into the trade with these brokers ...

Straddle vs Hedge

Its not as fast as news wires. Oftentimes, the market have already reacted 20 pips before Rick could raise his Binoculars. Straddle is still far faster. Hedge is better if you dont want Slippage.

Actual indicators?

How can 100:1 leverage be any riskie than a 50:1? 1 Lot x 10 pips loss = $100 on a 500:1 leverage account 1 Lot x 10 pips loss = $100 on a 200:1 leverage account 1 Lot x 10 pips loss = $100 on a 100:1 leverage account 1 Lot x 10 pips loss = $100 on ...

ADP predicts NFP?

ADP has raised the ire of several fundamentalist last July when they publish a whooping 300K+ result (as against the consensus of about 130K). Several financial businesses bought the ADP figure, adjusted their position and was badly burned when the ...

ADP predicts NFP?

I personally had a LONG order on GBPUSD at 1.8935. But when I saw it move down upon release, I remove this order thinking its totally USD Bull. Someone already mentioned that Hawkish USD had been factored in already with the recent rally. And it ...

FOMC Meeting Minutes