The best time entirely depends on what exactly you are doing. If you're trading long-term (day, week, month) then time of day really doesn't matter. If you're looking for slow and small trends, trade the middle part of the session or the off hours. ...

Best (most active) trading times?

"A fool and his money are easily parted". This said, I'd make sure that you do 2 things: 1) Do not pay for help 2) Own up to your own education I'd first seek out a very excellent book on the subject. I'd read a single book and find a trading ...

Advise and Guidance for a NEW FOREX guy

Options are not typically written by brokers. When an option is written, an individual or a firm is taking a directional bet on an option. For example, if you write a call, you are essentially short a call. Brokers for the most part do not take ...

Does it matter who writes an option?

Forex futures are futures contracts which trade just like any other futures contract except that they are for currency rates. For example, through the Globex, you can trade a variety of futures contracts for all sorts of things including currency. ...

Options and futures

There is an inverse relationship between bond price and bond yield. For example: The price of a bond is $90. In 1 year, it will expire and you will receive $100. If you purchase this bond, you will receive a 11% gain, or yield (ignoring coupon ...

Economy question on government bonds buying and USD selling

Return on equity is typically calculated as the net income you earn on average stockholders' equity. Academic definition, couldn't resist! Calculate it as: (final - initial) / initial You started with $1000, ended with $1500, percent gain = 50%. ...

Calculating ROE

Prompt month is typically the most liquid. Also, futures price moves typically act like a jump rope - front month is more responsive to news than back month (depending on the news). If you're doing day-trades, then it doesn't terrible matter, but if ...

future technical analysis, or spot analysis

General advice for stop placement: 1. Define a stop loss. Why do you set a stop loss? -it's the point where you know that you're wrong. 2. Where/when will you know that you're wrong? -Let your system/the market tell you. Now, let's say you set your ...

Stop loss on scalping

The truth about trading is that there really is no scheme/secret order to the market. Most traders at banks/large firms make profit based on trading physical products and their profit and trading systems are mostly based on products (shipment and ...

Truth about trading

I use Ninjatrader. It is solid and solid reps. Basically you can can trade all you want on simulated mode, but when you go live, you have to pay. From a programming standpoint, Ninjatrader is superior to Metatrader. Ninjatrader has a more robust ...

Ninja Trader or MT4

"If you could only get 20 pips..." It just seems to me that the best approach would be to work on responding to and trading the market, not an account balance.

$1000 to $1,000,000,000 in 4 years

Just noticing this... Volume trading on the FX market...hmm...it's kind of like trying to pull a parachute while underwater. It just doesn't make a whole lot of sense. Sure the system may show a profit, but is it consistent? Is it based on something ...

Volume Trading

Most technical analysis is useful but you really have to put it into perspective. It's like saying "are all tools (hammer, wrench, saw) useless?" It really just depends. A saw is useless for nailing things in, etc. Basically here's the lowdown about ...

Is 90% of TA useless?

200 pip move in 1 hour...that whiplash is another reason why we shouldn't trade the news! Unless we're trading options...

EURUSD

Despite how cliche it is, I recommend this: url I have never read it, but I have heard it is good.

Newbee Forex - Resources?

If stop advances and never retreats. If price is at 1,000 and the stop is a 50 trailing and price moves to 1,025, the stop is at 975. If price falls back to 1,000, the stop is still at 975. If price then moves to 50, the stop will be at 1,000. It ...

noob question about trailing stops

I've never noticed this difference. Have you check again in the 7 months since writing this post?

difference in real prices on Demo and real micro account

Trends are seldom rational. Frequently, price temporarily moves in ways which are counter-intuitive. The duty of a trader is not necessarily to completely understand why price is moving, but rather follow price and profit in the direction of the ...

what happened to gbp/jpy on jan.4?

This is perhaps one of the most basic and most difficult areas of technical analysis. It takes practice and real chart time to fully understand it. That said, here are some rough guiding points: 1. First draw areas where price trends and areas where ...

How do you select your support and resistance levels?

Forex is perhaps one of the most competitive markets in the world. I have been trading my entire adult life and I can attest to the fact that forex is vicious. I started in the stock market and paid the rent through trading. When I moved to the ...

Forex Questions from Noob