Does anyone here trade EUR/GBP? What do you think about it? I recently started trading it.

The best Pairs to Trade?

The US (CFTC) ordered the US branch of the forex broker IBFX, a.k.a. Tradestation Forex, Inc. to pay a fine of $1 million. According to the announcement on the regulator’s website, the civil monetary penalty is imposed on the broker for failing to ...

Fines and Penalties by Financial Commissions

I think the better question would be who doesn't participate in Forex trading, since pretty much everyone and their mother do. Private companies, single individuals, banks, etc. everyone. It's a big market.

who participates in forex?

I think that the most important skill one can learn is when and why they should close a position. Either to cut their losses or to take their profit. It's not so hard to learn to see the entry, but exiting can be a real issue. Do you wait to make a ...

The most important technical skill to learn

1.0000 is far, far away from where the pair is now, I don't think we should worry too much at the moment what will happen if it reaches that level.

What happens if GBPUSD reaches 1.0000?

I would love to see an official (as in, made by a statistics agency) survey giving the answer to that question. Traders' results vary widely, depending on how large their accounts are and how aggressive their trading approach is, if and when they ...

What's the average percentage a trader makes monthly

EUR/USD has a tight spread, but that's the only positive I can think of. In my experience it's pretty prone to random spikes and it spends long periods consolidating. If you're like me and you don't like trading range EUR/USD is not good for you.

Why is EURUSD better than the other pairs?

It's testing 1.4050 again. I have a short open, I think it will reach 1.4000.

Cable Update (GBPUSD)

The Spanish regulator warned against forex brokers BelforFX and iSocialFX since neither is licensed in the country and they're targeting the local citizens as potential clients. What is more, last month New Zealand's watchdog FMA also issued a ...

Black List of Brokers

Let's hope that Yellen and Draghi will provoke some volatility today, or EUR/USD will finish the week where it started it.

EURUSD

What about the monthly chart? It looks like it will continue falling, but that much has been obvious for weeks now?

Cable Update (GBPUSD)

I still think that USD/CAD might reach 1.2600, but it's possible it will retrace back to 1.3160 first.

USD/CAD

I also think that different people have different trading needs, so the question which are the best pairs to trade tends to have a different answers for any single individual. One should figure out what's best for them and go with it.

The best Pairs to Trade?

It did break down, but then then it retraced and now the candlestick on the daily time frame looks like a hammer. Could it have been a false break?

USD/CAD

It could still form a double bottom here, but it's too early to tell.

USD/CAD

Their websites seem terribly similar too. I got pretty confused while looking at them side by side, even though I was supposed to know which was which.

Show me a scam broker

Perhaps it will bounce off 1.4470 once it reaches the resistance there.

Cable Update (GBPUSD)

You're right, of course. Unfortunately, that makes the market even easier to manipulate by the big players. I feel that a small fish like me should stay away altogether, just in case.

EURUSD

It's definitely time to take a breath. Either way, we'll have to wait until after Easter to figure it out. I don't think there will be much movement on Monday.

USD/CAD

There's a shooting star candlestick on the daily time frame, and it's right below the resistance at 1.3260. I think it will continue falling.

USD/CAD