That's because the pair doesn't move. Of course, you can blame the NFA/CFTC for that as they are crippling the forex market in the US. You are way better off playing aussie strength/weakness through EUR/AUD and GBP/AUD as these two move 200 pips per ...

AUD/USD

This is exactly what I do. Especially since the NFA does not allow segregation of funds in forex accounts, your money is not protected anyway. I simply feel I have way less at risk offshore as I keep 70-75% of my trading capital in my own bank ...

OANDA Discussion

Only problem is you are paying way too much in spreads and/or commissions. Depending on your trade size, this eats tens of thousands of hard earned profits.

OANDA Discussion

. What I'm saying is I can derive the price of any pair, with any two crosses related to it. I do not need any USD quote to do so. The true definition of base currency is the second currency in the pair, therefore, every pair ...

Dragon Riders GBP/JPY

From the link you provided me: Back in the ancient days, if someone wanted to change currencies, they would first have to convert their currencies into U.S. dollars, and only then could they convert their dollars into the currency they desired. For ...

Dragon Riders GBP/JPY

Sure and EURJPY is derived from EURAUD and AUDJPY, no USD involved. What are YOU missing here?

Dragon Riders GBP/JPY

How can the base be USD when neither pair mentioned has USD in it? C'mon man. For example in EURAUD, the base currency is the AUD, the counter currency is the EUR. The USD has nothing to do with it. It is simply the price of the EUR in relation to ...

Dragon Riders GBP/JPY

Yes, about 90% of my trades are either GBP/AUD or EUR/AUD. They trend beautifully and when I'm wrong, I just hedge for a day or so and then it will resume its trend. You need to take on this business knowing it's manipulated and figure out your edge ...

AUD/USD

Actually, you can take any two crosses which share a common currency and apply that same formula. For example, if EURAUD is going up and AUDJPY is going up, EURJPY can ONLY go up. EURAUD right now 149.23, AUDJPY 86.04. EURJPY is 128.40. So they are ...

Dragon Riders GBP/JPY

If you want a "regulated" US broker, the NFA and CFTC have made it so you only have two choices....Oanda and Forex.com, unless your net worth is 10 million, then you have other options. They both suck, your only choice in US is an "unregulated" ...

The most secure forex broker?

Are there REALLY still people trading here? Seriously?

FXCM Discussion

Not quite, there is an entire third group, it also goes into the pockets of the market making brokers such as any option regulated by the NFA in the US. Not experienced, knowledgeable and disciplined, but lying, cheating and stealing.

Dragon Riders GBP/JPY

Actually, if your down pips you are getting schooled by the market. I aim for 500-700 pips per month and it provides a very, very nice supplement to my income.

Dragon Riders GBP/JPY

Not me. Only 102 since Monday, but 687 pips for month.

Dragon Riders GBP/JPY

What I am saying is if your higher time frames show one thing and you trade a lower chart showing the opposite, only two things can happen: 1. You are trading against the overll trend. 2. You have successfully picked the top or bottom ( not likely) ...

Dragon Riders GBP/JPY

Which is why we should trade when all timeframes align.

Dragon Riders GBP/JPY

The problem is traders add to their losers when the timing IS STILL NOT CORRECT. You cannot just randomly add to losers without the trade having turned back in your favor. The traders who add to losers are the same trying to countertrend and pick ...

Dragon Riders GBP/JPY

Closed my AUDJPY and CADJPY about 12 hours ago in profit. Have now taken new longs on both.

Dragon Riders GBP/JPY

I have to disagree here. There are many times when your trade is correct but the timing is not quite right. I will hedge 50-80% of my position when it gets to a certain point, which varies depending on the pair and timeframe. I will then take the ...

Dragon Riders GBP/JPY