I'd advice you to find a non-news based system.

Pls rate this trading system.

WHTenn is right, forget about the statistic. It doesn't help you much. Why ? Because it'll just make unprofitable traders feel good when they are not supposed to. It makes you give up too soon.

Who is making a profit?

Oooh .. I know many magical levels. It's the round numbers. e.g 1.3600, 1.3500. The more zeroes, the better.

Horizontal Support & Resistance Lines

At least you have learned something valuable. Just make sure when you think about opening an account, open with max USD 200. Remember, dont try to earn before you learn. You've got guts to put 3k because you wanted to earn more than to learn. Good ...

Yet another battered and bruised newb....

I have to say entry and exit are both too damn important.

Exits: Our worst enemy

Live account is the best way to learn. But 2500 is probably too much ... Start with USD 100-200 with brokers that allow 1 cent/pip... You are at learning stage not earning stage. No point in trading big amount. Good luck.

Question: New to Forex Trading

1) Use trailing stops 2) Admit that you dont know what market gonna do, it may go up or down. The only thing that you can control is your trailing stops Did you realize that when you close your position manually it's always because you think the ...

EURUSD

4000-4100 is my target for this bullish phase before Fiber goes into corrective phase down to level 3600. How soon it will touch level 4000 is beyond my estimation. Some profits have been secured with the trailing stops so I will just let the market ...

LIVE Trades Only : EURUSD & GBPUSD

Trader888, Thanks for your words of wisdom.

How to be a trader for a company?

Moved all my SL to 3745. Seems like the support levels are rising, perhaps a breakout through 3800 is imminent. Gonna go out and watch Harry Potter LOL.

LIVE Trades Only : EURUSD & GBPUSD

It's true. Because during news, liquidity is bad. It's not brokers fault, it's the nature of the market.

Question on nonfarm pay roll trading

This is what I would do if I'm in that doubt. Try not to assume too much. Try to somewhat trap the market LOL. For me, the only valid assumption in this business is to assume "a long-term trend will continue more often than not". Like what jacko ...

Jacko's Forex House of Pleasure and Pain

Hmm .. update .. I moved all my SL to 3730.

LIVE Trades Only : EURUSD & GBPUSD

I risk 5% per trade.

How much to risk?

Which part of "managing other people money to get rich faster" is unrealistic ? People do this kind of thing everyday. They gather their friends and family money and trade. Eventually they start their own mini funds. Or simply they join the banks ...

How to be a trader for a company?

Jacko uses trailing stop of 50 pips once he took a trade. Anyone new to this thread, please read the first page of this thread. The method is there. It didn't change AFAIK.

Jacko's Forex House of Pleasure and Pain

In this business, despite it's zero-sum nature, there are win-win situations.

how can banks survive if all traders win

Pending order got hit. Current price is 3758. Entered another long. All SL is at 3707. Currently I have 3 positions. Another pending long at 3800. Good time to pyramid if you ask me ... Reason for pyramiding ... All SL 3707 Positions -- Price ...

LIVE Trades Only : EURUSD & GBPUSD

Daily charts. Currently it's 3663 ... I got another pending long order around 3680. Reason : if it penetrates the resistance, it's going up to 4000. As usual, who knows LOL ....

LIVE Trades Only : EURUSD & GBPUSD

Talk about rarity, people who trades for a living IS relatively rare (hence the high percentage of people going broke from trading).

How to be a trader for a company?