I think where we enter our trade is damn important. Entering when price is 20 pips away from our ideal entry vs 40 pips away, our risk is 2x as much. Here's a follow up situation. Our ideal entry at point A wasn't filled and price went 40 pips in ...

When would chasing a trade be worth it to you?

Let's keep this discussion to purely on chasing a trade instead of getting filled on your orders. Both of these are totally different topics eventhough both are somewhat correlated with each other.

When would chasing a trade be worth it to you?

I'm 60% complete on the babypips school however I didn't remember coming across anything about how our account currency will be converted if we trade cross currencies. Thanks for the answers.

Do I need to convert my USD to trade cross currencies?

Full time work = full time results. Part time work = part time results. No work = no results. I think 1 of the biggest killers in this industry is the expectation that we can make big bucks, expect the market to give us their money while doing ...

Here's the answer to "Can I make a living from forex"

I think the reason I was able to recognize my mistakes was from the books that I read before I started trading. There are 2 types of things that you dont know: things that you know that you dont know & things that you dont know that you dont know. ...

Still losing

Good point, grin. I'm trying out a trend following breakout strategy. I'm thinking that small bounce backs are from profit takers.

Entered and price bounce. Anyone?

For me, I prefer to trade the New York open eventhough I'm from Australia. The Sydney and Tokyo sessions doesn't have much movement compared to the London-New York sessions.

Best & worst times to trade

Not an endorsement but anyone tried FXCC? They look like they have low spreads and their customer support claims that they are a true ECN/STP broker.

True ECN/STP Broker recommendations

No doubt that trend is your friend saying is true. However, identifying, determining and executing based on your trend analysis is the hard part which as a beginner I find it very hard.

Is The Trend Really Your Friend?

Would the pip value increase if you are trading in the base instead of another currency?

Pip Value

Does anyone know if spread betting is tax-free in Australia? On the other hand, CFDs are taxable.

Forex Trading vs. Spread Betting

I'm still a beginner and I'm not sure I agree on "not paying for a beginner course" because as a beginner myself you don't know what you don't know. When you learn from all these free sources, its like learning bits and pieces from everywhere. To ...

No One Should Ever Pay For A Beginner Course

I'm new as well and I'm not proud to say that I'm close to blowing up my account too. I think the top 5 reasons for my mistakes are due to: 1. Not backtesting a strategy. I just jumped straight in based on theory knowledge. 2. Unreal expectations. I ...

Still losing