I have a long position with target 1.3250. I can't decide whether I should close it now or wait.

Cable Update (GBPUSD)

Success in Forex requires people to invest both time and effort in order to learn and improve.

Is Forex reliable?

Usually it's the from the end of June through September. And then there are the winter holidays, when the market is just as asleep as during the summer. Thankfully they last only for about a month.

When does the holiday season begin in forex markets?

I would like to know a few more details about your strategy. How do you pick your trades?

Trading while working // 10pips target per day

CySec issued a statement that it has fined HotForex with €105,000 for a number of regulatory incompliances, like not maintaining adequate and orderly records of its business and internal organization and not undertaking appropriate risk management ...

HotForex Discussion

I couldn't agree more. I am staying as far away as possible from any CHF pairs even now, after they actually removed the cap.

The best Pairs to Trade?

A successful trader is any trader who consistently profits more than they lose. A person like that can always increase their account and consequently start making bigger profits.

Are there any successful Traders in Forex Factory?

True. But I don't think that one should strive to be emotionless anyway, rather than strive to learn to control their emotions and keep a level head. Which also means that between periods of trading people should also learn how let stress out and ...

How to Become Emotionless

That depends on which time frames you're talking about. In my experience the 15-minute one gives excellent signals in that regard, especially if you're following candlestick analysis. The 5-minute and the 1-minute time frames probably can still give ...

which time frames to use

Good point about the spreads. On the other hand, there are scalpers using short time frames to make profits. That said, I prefer the 4-hour one and longer ones in general.

which time frames to use

I initially assumed that Forex was banned too, but I then I took a better look and apparently there's a discrepancy between the English and the French statements? While in the English statement trading is what's banned, the French one bans only ...

Breaking News: Belgium bans all leveraged Forex, CFDs

Now at least your warning will show up as a review. Unfortunately a lot of people just trust blindly any broker promising them something - I know I did as a newbie.

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Well, what you said made sense to me. The market is huge and there are strategies for all sorts of pairs, time frames, etc. the point is to find the one that is right for you.

The best Pairs to Trade?

True. The only problem is that in the meantime one has to deal with the losses incurred during the time it takes to learn.

How to Become Emotionless

I agree. What matters the most is the strategy aimed at a certain pair, rather than the pair itself.

The best Pairs to Trade?

I prefer a dark background and pale foreground, exact colours vary depending on the chart and mood.

Best color combinations for charts

I almost always use stop loss, because I think a well-placed one can significantly lower my trading risk. I try to avoid using hedging altogether though, I always end up losing money when I do.

Hedging vs Stop Loss

Recently Belgium also banned distribution of Forex, CFDs, and Binary options among Belgian retail clients. Didn't France also ban Forex advertising too recently? I don't know why all of a sudden there's such a major crackdown on this business. Why ...

SEC bans Broker-Dealers from retail forex transactions

I, personally, have only 1 general rule really - I do whatever it is that works for me and I don't follow somebody else's rules. That doesn't make me them wrong or bad, since they might be working for the other person, but if something else works ...

10 Rules for Traders

Yes, but not at the same time. Different strategies require different time frames.

which time frames to use