When countries increase interest rate, it's usually to slow down the growth and control the inflation. I dont know if its good for country or not, but it will make the currency go up.

Interest Rates

I entered Long Fiber at 1.3630. SL 50 pips. Reason .. 3600 seems like a strong support. But who knows lol.

LIVE Trades Only : EURUSD & GBPUSD

When a trader makes 1 mil dollar a year trading other people money, he probably has around USD 10-20 mil of his client money. If he wants an income of 1 mil a year and he has 1 mil of his own money, he has to score 100% return a year. If he trades ...

How to be a trader for a company?

Yes, I dont trade other people money, but many traders in Market Wizards do. Why did they start their own funds (started their own firm) ?

How to be a trader for a company?

Jacko's method is using daily charts. No modification needed.

Jacko's Forex House of Pleasure and Pain

No problem. Good trading to you.

The simplest question about MM

Hmm ... I can't tell you what's best for you. But there's an old advice that says "never put all your eggs in one basket". If your forex venture doesnt work out, what would you do ? You must have a plan B (not necessarily college degree).

How to be a trader for a company?

It's easier to make an income of USD 1 mil a year trading other people money than trading your own money. Simple as that.

How to be a trader for a company?

Stop loss size depends on your method and the distance from support/resistance. What more important is to trail your stop to protect profits.

Longer Time Frames

I'm doing 1 pip = 0.1% equity (fixed SL)

The simplest question about MM

Lol wanted to join but the timeframe is too short lol.

Competition

Trailing stop got hit around 3580. Waiting to enter again ...

Jacko's Forex House of Pleasure and Pain

After reading that post, I know I'm on the right path. At that time, I just wanted to know how professionals work. Do they focus on 1-2 pairs or simply browse through all pairs and look for good opportunity. Thanks for the answer Trader888. I ...

How to be a trader for a company?

For people like me who place a trade 2-4 times a month, it IS boring! I enjoy reading the news and fundamentals though. Quoted for truth. That's a Chinese proverb I think.

Why I can't win

Trader888, Nice story there, btw what pairs did you traded ?

How to be a trader for a company?

You said what I wanted to say. It's possible but not probable. I can be as rich as Soros trading currencies . For proof : (insert lengthy compounding mathematics here) It's not impossible but still not probable. (maybe 0.0001% ...

Forex Profit... Im sorry but... (10% per month?)

It was Soros. He said "if you are having fun investing, you are likely to lose money, good investing is boring". LOL

Why I can't win

People just need to stop using the word "Month" when assessing performance. In investment, we dont talk about monthly returns. It's always yearly returns. "Monthly" is for jobs with fixed salary. The usage of word "monthly" is also a good marketing ...

Forex Profit... Im sorry but... (10% per month?)

mbqb11 and Warper are both right. Market Move analysis is just the "Method". I agree that trader with 1000 pips is better than a trader with 500 pips in terms of Method. But remember, a successful trader must have a good Mind and Money Management as ...

Forex Profit... Im sorry but... (10% per month?)

Awesome story Trader888. Thanks for sharing. That final advice is indeed true for newcomers. Another question, Which pairs did you trade at the bank?

How to be a trader for a company?