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mlawson71 replied Mar 31, 2017I am not sure I understand, do you mean correlating pairs?
The best Pairs to Trade?
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mlawson71 replied Mar 30, 2017If the spread is so wide is it even worth it to trade for 20 pips though? On these pairs I mean.
The best Pairs to Trade?
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mlawson71 replied Mar 30, 2017Actually, from what I understand, the situation in the UK is a little more complicated than that. Right now binary options brokers regulation falls under the jurisdiction of the Gambling Commission, but the FCA will actually bring some types of ...
Show me a scam broker
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mlawson71 replied Mar 30, 2017The thing about overconfidence is that it's as toxic and dangerous as lack of confidence. A trader must be self-aware about what they can and can't do, because overconfidence will influence their decision in just as a negative manner as lacking ...
What is overconfidence in Forex?
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mlawson71 replied Mar 29, 2017I think it's a good idea to have at least some understanding of fundamental analysis even if you're primary a technical analysis trader. That way you'll get fewer nasty surprises from big impact news events and the like.
New To Forex and Need Advice!
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mlawson71 replied Mar 29, 2017It's an unfortunate combination of greed and lack of self-awareness about one's own level of skill and knowledge. People think the market will move in a certain direction because they want it to, rather than see and believe the signals on the chart, ...
What is overconfidence in Forex?
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mlawson71 replied Mar 28, 2017EUR/GBP seems quite lively, if you ask me. True, currently it's consolidating, but there are big-enough (for me at least) quite often.
The best Pairs to Trade?
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mlawson71 replied Mar 28, 2017To move onto a live account a trader shouldn't just experiment, they should find a good strategy and then train themselves to use it over a considerable period of time before investing their money in it. Otherwise it's just too risky.
Main guidelines for beginners
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mlawson71 replied Mar 27, 2017If you're talking about MT4, go to the drop down menus at the top, pick View->Toolbards->Standard and it will open a menu with buttons under the drop down menus. Among those buttons are ones that switch between a price line, candlesticks and bars.
How to change my timezone in MT4
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mlawson71 replied Mar 27, 2017I wish I could focus on the pips only. I am always brimming with anxiety, it's in my nature, and trading just exacerbates the problem.
Emotions (money management)
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mlawson71 replied Mar 27, 2017I am not really at all surprised that a binary options broker is ripping off clients like this. It seems to be a standard practice for a lot of those companies. Things have gotten so bad that the FBI of all organization started issuing warnings ...
Show me a scam broker
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mlawson71 replied Mar 25, 2017True, a lot of people learn by doing, so to speak. It's both the best and often the most painful way to learn to trade profitably.
Rules of Successful trader
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mlawson71 replied Mar 25, 2017I mostly agree, but I would recommend, especially to newbies, to be careful when trading EUR/USD and GBP/USD. The former is often pretty range-bound and if you're not experienced trading range you might end up getting burned. The later has been ...
The best Pairs to Trade?
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mlawson71 replied Mar 24, 2017I don't think that's the only reason why people fail to succeed, but this is definitely a factor and a large one at that.
Main guidelines for beginners
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mlawson71 replied Mar 24, 2017That's a good point. Trading is hugely dependent on the trader's mental condition, among many other things, if the trader is not focused on their task, they would have a hard time profiting.
When is not a good time to trade?
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mlawson71 replied Mar 23, 2017That's a good point. Demo accounts are useful for testing purposes at least, even if one is no longer a newbie making their first steps into trading.
New To Forex and Need Advice!
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mlawson71 replied Mar 23, 2017I don't know whether it's a good idea to break trading rules specifically. People have come up with them for a good reason, breaking them rarely leads to anything good.
How to make a living with trading?
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mlawson71 replied Mar 23, 2017The Cyprus Securities and Exchange Commission (CySEC) has issued additional guidelines on the types of bonus incentives that Cyprus Investment Firms (CIFs) are banned from offering to retail clients. The regulator gave specific examples of the types ...
CySEC bans trading bonuses, sets max default leverage to 1:50
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mlawson71 replied Mar 22, 2017I agree. I couldn't emphasize how important it is to test a strategy thoroughly before employing it on a live account and how important it is to have an activity apart from trading that helps you relax and clear your mind. Otherwise stress will make ...
How to better control our emotions?
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mlawson71 replied Mar 22, 2017It's true, unfortunately. Wishful thinking and believing the market will move in your direction just because you want it to happens even to seasoned traders. Hopefully, it doesn't happen as often as it does to newbies.
Main guidelines for beginners