I don’t think that even with a trade management plan dealing with one’s emotions is that easy. It should be, but emotions aren’t rational, unfortunately.

How to better control our emotions?

IG Group GAIN Capital is getting FXCM's business in the US and paying them $500 per client account with some conditions applied. That deal was finalized almost immediately after the NFA banned FXCM. I assume the employees wont also be moving in as ...

FXCM and CEO Drew Niv banned from US market by CFTC

New traders should focus on becoming familiar with pretty much everything related to trading – indicators, patterns, price action, news, regulations, etc.etc. It’s a difficult, but not an impossible task.

Main guidelines for beginners

That is true, unfortunately. I tend to focus on lessons written by professional traders, not necessarily on the words of people I’ve found randomly to try and avoid a lot of that.

Trading is Extremly hard!

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What kind of music you hear while you trade?

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What kind of music you hear while you trade?

Do mean gambling or trading?

Is trading really that hard?

I agree in general, but the original point wasn’t bad. One shouldn’t risk money on Forex trading that they can’t afford to lose.

When is not a good time to trade?

I agree. Indicators can be very helpful, but they’re not infallible and one should not trust them completely, especially if price action signals are indicating a different direction.

Main guidelines for beginners

Good point. I’d expand it to never trading when something very stressful has happened to you, for whatever reason. One needs to be calm and focused to trade well.

When is not a good time to trade?

I am a firm believer in the “Don’t fix that which isn’t broken” adage. If you have a strategy that works, don’t try to change it around. That said, nothing is stopping you from experimenting with other strategies on a demo account. We’re always ...

Keep one strategy or looking for something new?

I vastly prefer a desktop for pretty much everything, Forex trading is no exception.

Laptop or desktop trading?

Ha! That’s a brilliant idea. Thank you.

What helped you the most to be profitable?

It’s possible. I am using a broker different from yours, my spread for this pair oscilates between 2-3 pips. Keep in mind that with some (most?) brokers the spread widens when there’s high volatility.

Information For Beginners

It looks like people are already preparing to sue FXCM on behalf of unhappy shareholders. A US law firm announced in a statement that it has launched an investigation on potential claims against forex brokerage FXCM Inc. concerning possible ...

FXCM and CEO Drew Niv banned from US market by CFTC

That sounds very reasonable and it makes sense. I’ll try to implement it too, I hope it will work eventually.

What helped you the most to be profitable?

Which indicators do you prefer? I am partial to the Moving Averages.

What helped you the most to be profitable?

No matter how much I re-evaluate there are still losses. I think the aim is more to minimize them than to eliminate them altogether.

How to better control our emotions?

I agree. Don’t try to run before you’ve learned how to walk. Be prudent, invest a small amount of money, and if you are successful with them gradually increase the size of your account.

What helped you the most to be profitable?