There is not a perfect answer for that. First, you have to realize that indicators are meant to support the trader's decision process. Many traders tend to think that an indicator can predict the future, but that it is obviously wrong. Pick 2-3 ...

What indicators to use?

I have been working with alpari for a year and I am pretty satisfied withboth executions and spreads. EUR/USD is around 1.6 at alpari and other majors are on the same scale. Few month ago I started trying Sunbird FX demo after reading some good ...

Low Spread ECN/STP Broker

First, you have to understand that using 1:50 leverage is really risky. If you are using a demo account with a purpose that one day you will trade with a real account, you have to play according to the same rules. I think that as a beginner, if you ...

Let's talk money management

Real pro traders always use stop lose orders. Not using a stop loss order, or not knowing what are the trade's limits means that you don't use a clear trading plan. Professional traders always know what they expect from a trade, including stop loss ...

Real Fx traders do not use stoploss

Hi…. you say that you are not new in forex but it seems that you haven't realized the most important thing: all you need is to have a real trading plan and money management skills. If you can implement a good strategy (which where most of the ...

20% per month. Is this possible?

I have noticed this myself. Usually, there is an opposite correlation between the gold and the stock markets, mainly because investors see the precious metal as a "safe-shore" in times of storms. The fact that the gold is not rising in spite the ...

Trading Gold - An End of Day System

That is an interesting question. I also think that you should put the most bullish one, but you have to consider the fact that brokers usually work with USD or EUR, so they might charge extra fees for not-common currencies. Check if it would be ...

Which currency to use in a new account?

I cannot see this happening, and frankly it probably will not help them. The problem with the US is that the politicians lock Obama from taking the necessary steps in order to overcome the bad situation of the economy. Until the American leaders ...

Implications of a Negative Interest Rate

That is a big risk — Especially since you are relying on zero spreads when the market opens on Monday, which is almost impossible. What I think is missing in you plan is getting prepared to the case in which the gaps is opened against you-that ...

Gap Trading