If I know the direction, I could be a trillionaire within a week's time.

any live ECN traders out there?

Darn! GBP did drop a sizeable 50 pips just a few minutes ago!

FOMC trade

@Graco I was told by an "expert" forex.com user that you should never use "limit orders" with forex.com and instead do "market orders". Hmm??? can anyone give me reason why I should do market orders at all? Limit orders are supposedly filled first ...

FOMC trade

1. Dont put too tight a trailing stop if you want to ride the wave. Manually place them perhaps 20 pips below the price (every 30 seconds/60 seconds...). 2. all brokers are perfect when demo trading. choosing the better broker is another part of ...

FOMC trade

I know.. I signed up last June, transferred funds and never realized FXCM is lousy at news trading. However, today, I did managed to get in the trade at 1.2855 but I stayed too long (did not close it at 1.2890) and managed to close it at 1.2860 for ...

FOMC trade

It did arrive 2:14:11 and almost a minute earlier.... Interesting strategies you all have... you all anticipated it will fizzle out.. how did you come up with that decision?

FOMC trade

I managed to profit only 5 pips... I did not closed it when it peaked!

FOMC trade

<!-- / message --><!-- controls --> A nice ±15 pip from the consolidation price... I hope FXCM will fill me in this time! However dont do a small distance when trading JPY.. JPY cant be traded using this technique as it can spike ±40 then ...

FOMC trade

I see.. so in the end, its still plain vanila. What about having multiple smaller lot sizes instead of one single $10M position? Will that help get orders filled?

any live ECN traders out there?

$1million is the size of 10 regular lots. On regular trading platforms, 1 spread would entail $10 cost. Therefore, 1 pip in a 1million lot costs $100. If these ECN platforms could offer 1 pip lower spread than normal platforms, then the $25 per ...

any live ECN traders out there?

I've learned my lesson - about $2000 worth of unrealized NFP profit that is. I have narrowed down my choices to a few: NorthFinance, OANDA, IBFX and perhaps Forex.com <- ??? (feel free to comment/add to the list, please I need your expertise) Once I ...

How do you trade news?

I forgot to mention. FXCM told me that if I am into "news trading", I should get their special trading account propFX. Its like trading directly to some 17 interbank dealers...... Enticing but no thanks. I dont want to put more money into FXCM only ...

How do you trade news?

Or worse, brokers stopped trading USD for the whole day!

FOMC trade

Sorry if I was not able to respond back there. I participate in a lot of forums, I sometimes missed visiting one.. I appologize once again. I am relatively "new" to live trading; I just experienced 2 live NFP trades. I have a very bad experience ...

How do you trade news?

But what it there is a rate hike? Seeing that the consensus is No rate Hike, this would be in for a surprise. And I bet the dollar bull will run wild.... However, once the FOMC minutes is out, the market would react once again - dollar bear perhaps ...

FOMC trade

FXCM is another broker you dont want to trade news with.

How do you trade news?

From my experience, once the move starts immediately after the news, move the stop to breakeven (or to 5 pips profit) and not touching it further. go to a 5 minute chart and watch macd/momentum to wane for close signal. However, if the broker would ...

How do you trade news?

Perhaps what trucco wanted to say is that the broker would not allow him to place a stop too close to the market price of just 10 pips away. Perhaps if he increase the stops to 50 pips away the broker would allow him to. 50 pips is riddiculous ...

How do you trade news?