In order to do what the 5% do you need to have their wealth and access to opportunities though. It's not the same to trade with a $100 account and a $100,000 or a $1,000,000 account.

Who makes real money from forex?

I am considering shorting again with target 1.3800, although I think we might see it fall lower than that.

USD/CAD

I think it's time to short Gold. It bounced off the resistance at 1200 and formed a doji candlestick on the daily time-frame.

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

My problem is that even if I am consistent over a period of time - a few weeks, even up to a month, then follows a period when my success is questionable at best. It's cyclical and I think my issue is psychological more than anything else. I remain ...

Consistent Profit in Trading

ASIC issued a notice that BocaFX is presenting itself as regulated in Australia and allowed to provided financial services there when in fact they weren't.

Show me a scam broker

I really couldn't agree more. Don't invest more money than you can afford. I would also add not to use a lot size larger than what your account can afford, even if you see a signal that you think is good.

Avoid this Rookie mistake

You're right, next target is probably 1.4000 again.

USD/CAD

Personally I'd wait for a breakout above 1.4500 before I open longs.

Cable Update (GBPUSD)

It broke above 1.4630 and I think it's quite possible to reach the next resistance at 1.4850.

Cable Update (GBPUSD)

I didn't think it would break below 1.3690. I have shorted again, the way it's going it will reach 1.3560.

USD/CAD

A breakout above 1128 would mean that it will keep rising at least until it reaches target 1150.

GOLD traders only

You're welcome. The FCA often issues warnings against various scammers and unregulated brokers, it's a good idea to always check their press releases, especially if one is considering working with a new broker. Recently they warned against Financian ...

Black List of Brokers

It's currently retracing because it couldn't break below 1.3950 but I think that's temporary, so I am still keeping the shorts open. Let's hope I am not making a mistake.

USD/CAD

I agree, it will probably reach 0.6560 again.

NZD/USD

You mean entry for longs, I assume? I'm still keeping my shorts open, since I think it will reach 1.3850.

USD/CAD

I have one short open and my target is at 0.7060. I think it may fall lower than that, so I am not sure whether I'll close it once it reaches that level.

AUD/USD

I missed this one because I was asleep too. Now it's too late to open longs, isn't it?

USD/JPY Discussion

I think it will go down towards 0.6400 again - if it breaks below 0.6465 I might short.

NZD/USD

The FCA warned about another clone - Delta Financial Markets is presenting itself as part of the Delta Trade trading brand and is copying the licensed broker DF markets by using its details.

Show me a scam broker

I agree, range might continue for a while. I'm debating whether or not to open longs but with that bearish outlook on the daily that might not be the best idea.

AUD/USD