I think that was the end of the retracement but I don't think it's a good idea for me to open new positions before the Non-Farm Payrolls.

Cable Update (GBPUSD)

At the very least it will probably test the resistance at 1.1250, but I'm not sure it will break above that level today.

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

I want to buy Gold too but I think it's too early, it hasn't broken above the previous high yet.

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

ATC filed for bankcruptcy with the California Central Bankruptcy Court under Chapter 11 of the US Bankruptcy Code on 9 February, 2016 , I'm afraid. Apparently they owe a lot more money than they have.

ATC Brokers

The trend is still very bearish but there is are two dojis and an inverted hammer candlestick on the 4-hour time frame, I think it might climb first before it continues falling.

Cable Update (GBPUSD)

I opened shorts, I think the pair will reach 1.06 again, considering it broke below the major support at 1.09.

EURUSD

I can't imagine trading without a stop loss, the risk seems too great. I could lose access to the account for any reason and then if things go sideways I wouldn't be able to close losing positions.

Real Fx traders do not use stoploss

That is so true. The forex learning process never seems to end, there's always something new that can help you get better at what you're doing.

Still losing

I have done all that. Unfortunately when I get too anxious I tend to forget what I've done. It's a form of tunnel vision, unfortunately.

Consistent Profit in Trading

Cyprus is an offshore zone and that usually means that brokers get licensed more easily there. But just because it's an offshore zone doesn't mean they don't have rules and regulations. Even Belize recently increased their capital requirements for a ...

Cyprus-regulated brokers - regulation

I have opened shorts and my target is 1190, but with that hanging man candlestick on the weekly time frame it might fall much lower than that.

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

I admit it has never occurred to me to look at it this way. I'll have to think about it, thank you for the advice.

Is Forex trading worth it? If so, why?

I don't think I could ever learn to love my losses. I could learn to accept them, but love them? I can't imagine doing that.

Is Forex trading worth it? If so, why?

I agree that it should continue falling, but on the other hand there's a double bottom visible on the daily time frame. We'll have to wait and see.

USD/CAD

I have a short on Gold with target 1195, although I think it might continue falling to test 1190 again.

NZD/USD

I'm not sure how this is a sell zone considering those candlesticks right above the support level...

Cable Update (GBPUSD)

It's good to see there is some justice served at least occasionally. That definitely sounds like a scammer. Is this broker regulated somewhere? If they are, your friend could complain to the regulator.

Show me a scam broker

Range is very clearly defined so far, so I opened a long with target 1.4550 for now.

Cable Update (GBPUSD)

Mmm, we might be born naked, but what our parents have and give to us differs wildly from person to person. I do agree that we have to work and succeed with what we have, there's no other choice.

Who makes real money from forex?

I agree, but I think it's a little early to consider longs, at least for me. I think the pair will fall back to the support at 1.3700 first.

USD/CAD