Perhaps the reason trading is extremely hard is because everywhere we go we are introduced to systems and there's no training of understanding market sentimen and psychology which are the basis of trading discretion ? Someone once said, obey the ...

Honest answers please! Are you successful trading on Forex or not?

g-dogg, If you feel nothing when losing money and not very happy when winning, you're on the right track. I'm currently able to time my entries nicely using 5 min charts. There's no indicator as well. I read the price action to find the shift of ...

trading on instinct?

Yesterday the pair didnt rally, it went up just 40 pips. Perhaps we can expect something today.

EURUSD

It's hard for me to see how daytrader can pyramid their position. Their target profits are usually too tight to add another position. I basically daytrade (5 min charts) and swing trade ( daily charts). I only add position and hold it overnight when ...

Real Grail in Money Management

These are the stuffs that has greatly helped me with my trading 1) The Disciplined Trader: Developing Winning Attitudes by Mark Douglas 2) A Complete Guide to Technical Trading Tactics: How to Profit Using Pivot Points, Candlesticks & Other ...

Favorite FX Tools

Nice analysis DRT. For today, I'm bullish. Hoping for the pair to rally at London open.

EURUSD

Well, I think it doesn't matter if we short or long. Exit is where the money is.

Daily Cable Analysis

Demo until you truly understand your trading system. Trade a tiny real account once you understand the trading system and how to trade. Start with USD 10-20. Yes, there's a high possibility that you may burn those money, but hey, if you are not ...

When do you know you ready to go from demo to real trading?

I can't seem to understand why would anyone carry trade. 4% a year is not attractive at all. You can get better and safer from fixed deposit. Maybe you can amplify the profits by using leverage. To make money carry trading you need to 1) Use ...

How i knew the Carry Trade was over!

What is system analysis ? I can't really call him a joke. At least he's still richer than most of us even after losing that much money. LOL

Who are the top best Forex traders in world??

I find this funny. EUR/USD and GBP/USD moved considerably while most Americans and Europeans are sleeping ! That means the market is being moved by speculators, no hedger is present. We should be careful with this.

Daily Cable Analysis

It gives you the feeling of what is the trend of the market.

Why moving averages are important?

It's not about talent, it's about exposure. The most critical area of trading is discipline and psychology, and you need to trade live for that, no other way. Trading rules (MM and buy/sell method) are mostly very simple, you can pick any system on ...

Best time to start live trading

I'm a little bit different. I think it's a good idea to start live trading as soon as possible. Demo for a month to get used to your trading rules. Open a live account anytime of the year, start with USD 50-100 , find a broker that allow super small ...

Best time to start live trading

RSI and Stochastic are based on MA but their output are presented differently. Stochastic makes it easy for people to estimate momentum. Anyone who can (many cannot) see momentum in normal MA indicators absolutely do not need Stochastic.

Call me stupid - Indicator discovery

Like what you said earlier, no shame in being wrong, no pride in being right, but pips are always good . I closed half of my position when it was 50 pips profit and I'm going to let the profits run with the remainders. Happy trading to all.

GBPUSD

Nice penetration on GBPUSD. The Weekly pivot is strongly penetrated. Let's hope the drop continues.

GBPUSD

If we can take 10 pips there... with leverage that would be sweet.

Profit From Profit-Taking —Scalping the Session Close

Something that I just noticed just now. The Monthly, Weekly and Daily pivot are close with each other. If it penetrates lowest level 1.9571 (weekly pivot level) it's going to go down pretty good I hope.

GBPUSD

I was wrong. Seems like Cable failed to drop again yesterday. This gonna take some time. :

GBPUSD