I agree. I've said it before, but I think that's something that bears repeating - Forex trading is a marathon, not a sprint. One shouldn't rush into anything prematurely before they're ready.

reasons why traders lose

That's a good point. I guess we could summarize that it's a good idea to learn from any source that is available to us.

reasons why traders lose

Even if one can make this amount, can they make it every week consistently? What do they do during the weeks when they not only fail to profit, but lose money instead?

Is trading FX for living a myth?

A US court recently dismissed an instituional investor class action lawsuit against FXCM. The plaintiff who purchased FXCM stocks from mid 2013 to early 2015 claimed that he suffered significant losses during the unpredictable market event in ...

Breaking News: CFTC charges FXCM with undercapitalization

Huge spikes generally occur only during high impact news events, which one can learn about by taking a look at a Forex calendar. I tend to close my positions hours before such news, so I avoid the spikes altogether.

New To Forex and Need Advice!

I would recommend the 4-hour time frame, as one can see pretty good signals on it that can be trusted.

which time frames to use

That's what the stop loss is for. In the worst case scenario one can call their broker by the phone and ask them to close their position manually.

New To Forex and Need Advice!

You're right, of course. I should have mentioned that, it was an oversight on my part.

No One Should Ever Pay For A Beginner Course

Doing an analysis is a given, I think. Without the analysis one can't figure out where to place a safe stop loss.

New To Forex and Need Advice!

Learn how to use a stop loss. A badly placed one can lead to losses, but a well-placed stop loss can protect your account.

New To Forex and Need Advice!

The FCA also issued a warning against a pair of unauthorized brokers called ECN Markets and CMS Trader. The Canadian Ontario regulator has also issued a warning about the latter broker. Be careful, people, don't trade with unknown, unauthorized ...

Beware, Clone Firm Pretending to be Interactive Brokers

There is so much freely available information out there catering to the needs of total beginners that there really isn't any need to pay. One does have to make the effort to find said information though.

No One Should Ever Pay For A Beginner Course

We all like it, or we wouldn't be talking about it all the time.

Trading is hard, but I like it

The fewer indicators one uses, the better, usually. I would recommend reading up on pure price action.

I want to study indicators in detail

To be honest, even 5% seems too much to me. A big whipsaw can create a lot of problems.

How Much Do You Risk Per Trade?

I've never read a book about fundamental analysis. Problem is, I am not sure I've seen one either. But there's got to be some.

FOREX News trading books recommendations

A lot of people see it as a waste of time because they are not actively making any money off the demo account, but that is a mistake. Time and effort invested in education are never wasted.

Trader pains and issues

The real money go to people with real money. That's the cynical truth to it. Occasionally they use shady means to acquire them too. Take State Street Bank, for example, Recently they shelled $530 million in order to settle several lawsuits alleging ...

Who makes real money from forex?

Good thing we waited. Although I am kinda unhappy that I missed the opportunity to open a short position afterwards.

Cable Update (GBPUSD)

Learning to cut your losses and get out on time is very important. The market never ends, there will always be another trading opportunity tomorrow.

XAU/USD & XAG/USD - Gold & Silver Traders Thread