Here you have it, prices from SWFX liquidity pool. There was a spike alright. You can' beat algorithmic high frequency trading in such situations, burn the suckers with tight stops and then move up. A piece of advice. Stay on sidelines before Kuroda ...

BoJ news spike

I don't know, probably FSCS under 50K and Lloyds QBE Underwriting Limited over 50K.

Activtrades

It's not FSCS insurance, but additional insurance at Lloyds of London.

Activtrades

It all depends on your perspective. Days, weeks, months, years spend in front of your computer screens comes with a high costs to your social life. Sure you can be very profitable, don't believe anyone who says you can't make 30, 40 % yearly gains ...

Is Forex trading worth it? If so, why?

You're welcome Maybe two more things I find very important: I pay close attention to market reaction to the news events, news are the market movers after all (central banks' rate policies being the most important). Technical analysis is a great ...

The Trader's Academy - by Traders for Traders

If you're only looking in overbought/oversold condition to initiate trade, you should only trade in range bound market conditions. In trending conditions indicator can stay in overbought/oversold terittory over extended period of time. Just look at ...

Best Overbought/Oversold indicator?

This works for me Relative Strength Index RSI(14) When RSI tags 70 or higher you have confirmed existence of uptrend (impulse wave(s)). IF then RSI in correction holds above 40 and turns up, you have possible confirmation of the end of corrective ...

The Trader's Academy - by Traders for Traders

ActivTrades failed to ensure proper accounting and treatment of client money during the relevant period. Click here to read an FSA Penalty against ActivTrades in March 2011. I don't know if I should transfer my trading money to swiss Dukascopy after ...

Activtrades

I've traded with them for two years now, no complaints so far. Bear in mind I'm not a scalper (my open positions last around 1-5 days) so I don't care about spread costs or widening of spreads around news events very much. I've chosen them because I ...

Activtrades

Proper risk/money management is the most important thing in forex trading. General rule: make sure that 3 % is maximum capital exposure on anyone trade and 6 % maximum exposure on all open positions. I personaly never risk more than 1 % per trade, ...

brain storming - everyone please join us :)

High frequency trading will be banned sooner or later because the biggest boy doesn't like it. According to ZeroHedge just a week after BlackRock suggested plans for transaction taxes in US markets to effectively kill high-frequency-trading, China's ...

Your best way to follow longer term trend? Opinions!

According to Bloomberg ING Groep NV was the worlds most accurate currency forecaster in 2014. But who knows who's gonna win title this year. It's like predicting weather one year in advance. You get Shanghai stock exchange composite index bubble ...

Source for reliable long term currency forecasts

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Source for reliable long term currency forecasts

It all comes down to central bank's interest rate decisions (market expectations of rate hikes or rate cuts) and market sentiment (greed vs. risk aversion) basically. We're all looking at fundamental economic news releases to try to predict what ...

Your best way to follow longer term trend? Opinions!

It really doesn't have to be this way. Firstly forget about becoming rich quicky, it's trading not gambling, you're here for the long run. Before trading live, learn proper money/risk management, it's much more important for your survival then ...

The 5 Steps to becoming a trader

You have to look at higher time frame to see in what direction price action is heading. If you trade on one hour chart, you should look also at 4-hour chart, if you trade on 4-hour chart you should look at daily chart and so on. The general rule is ...

Your best way to follow longer term trend? Opinions!

If you can be profitable in the long run without being mind connected to price action and market news most of the time, good for you, I can't I plan my trades days ahead and when PA arrives to "my" levels, if nothing fundamentaly changes in ...

Trend Trading with Fibonacci & RSI

I have traded 5 and 15 min charts for couple of years and I was profitable, so I know a thing or two about scalping. But why would you want to stare at computer screen all day long and look for patterns on 5 min candlestick charts? I gladly wait for ...

Trend Trading with Fibonacci & RSI