Yes, apparently, it was the surprise rate hike by the People's Bank of China at 9:30 am EST that drove the USD$ Index down and all the currencies including EUR obviously got affected. Hope this helps

EURUSD

Hopping on a trend is what traders do EXCEPT you don't know when the ride is going to end. It could end as soon as you have hopped on it or even worse, reversed to the other direction as soon as you hopped on it or hopefully continue for a long time ...

Is making money in FX that easy?

Once you have a tried and tested high-probability winning system/strategy, Yes. Otherwise, No.

Is making money in FX that easy?

Well I am hoping for a hawkish stance from the RBA, that would make my AUD go up!

AUD/USD

Hmmn... that's an interesting point. With the non-inclusion of closed accounts due to non-profitability, the brokers would be able to increase their % of profitable accounts. But checking the tables below, if the "total non-discretionary accounts" ...

US Forex brokers account profitability comparison

Plus RBA Monetary Policy Meeting Minutes is coming out at 8:30 PM EST tonight. So I would hold my horses until then

AUD/USD

Don't short! I am going long! I wouldn't short until there is a clear signal. USD$ is weak today.

AUD/USD

Assuming the report's numbers are compiled impartially, truthfully and correctly: So where did the statistics of "99% of traders fail" come from? Clearly, this report proves that this statistic is wrong as what we have suspected all ...

US Forex brokers account profitability comparison

I believe it depends on your broker's feed. I am not sure if how far back the simulated feed in Ninja trader can go back. Better check with the customer service of Ninja. They are not too bad in answering questions.

Ninjatrader questions

Well like all bad policies, it only takes time to get those idiots in office to realize the full impact then they will scramble to make excuses, blame someone/something else and then only if they are smart enough to see the real reason, they will ...

No more free NinjaTrader? Thanks CFTC

I know. Wish my broker is as generous as Gain was. Not sure if same thing would happen to MT4 being that MT4 was never free.

No more free NinjaTrader? Thanks CFTC

When I left CMS FX, I took up Ninja Trader. I was able to re-program all of my indicators in Ninja Trader. They use C# as the programming language and it's not too hard to learn. Took me some time but I did it. Their software is even compatible with ...

CMS ceasing operations for retail traders

Yup. Frank/Dodd Bill is giving CFTC power to team up with IRS to monitor your overseas activities. Apparently, on the tax return form, there is a section for declaring non-US assets and income and that's where they monitor it so I have been told.

no regulations stopping US residents from opening offshore accounts

If any of you have problems transitioning to another software from VT Trader in case it's not integrated with Gain's feed, you can try to find a software that offers the same indicator(s) or gives you the capabilities to program the same ...

CMS ceasing operations for retail traders

For Ninja Trader: I guess GAIN traders will have to pay to use Ninja Trader for Live trading like the rest of the traders for other brokers. Ninja Trader is never free for live trading anyway. I just hope this will not impact Ninja Trader's ...

No more free NinjaTrader? Thanks CFTC

Their trading platform VT Trader is working fine at least for demo trading. Hope this helps.

CMSFX... down

I see AUD strengthening again against USD.

AUD/USD

So do range-trading. The market doesn't trend all the time.

AUD/USD

How do you get a schedule of those Option Expiry?

USD/JPY Discussion

You mean fall in EUR and GBP? I think the BoJ is trying to sell JPY and as a side-effect, raising USD? I think they are using a dirty float.

USD/JPY Discussion