CNN is currently keen to inform you Euro zone crisis is not yet over, therefore you, I imagine, need to go short now. I think someone is loading up. If they knock the price down to 200 DMA, I am in.

EURUSD

I would take profits before and then let the spikes fill up my orders during. Afterwards, It would be as if nothing happened except increased account balance. Gambling on the event is no use. They'd knock out your stops anyway. But in the end the ...

EURUSD

I guess it must be. If EU is in imminent collapse, shorting makes sense, or so they think we'd think.

EURUSD

CNN is talking about EUR rate cut. So that means the big players want us short while they load up.

EURUSD

Thanks for your wish. A 1000 pip move against me can't take me out. When it comes to successful trading for me, it's all technique, technique, technique. I am not convinced anyone even slightly experienced would risk it all. Real trading isn't like ...

Trading Without a StopLoss

The rally in EUR/GBP barely got going. I think this will go higher on the back of EUR strength. The sharp sell off is just preparatory work. EUR/USD would make for a good long if the sharp sell off continues.

EURUSD

Sounds like if you work hard at it, you can even win at casino. It is often quoted that 90% or more of retail forex speculators lose money. The casino roulette black/red gives about a 49% win rate. A 49% win rate is better than a 10% win rate in ...

Is trading really that hard?

It is to do with inventory. Holding inventory costs money. Therefore if the the inventory expansion exceeds the inventory contraction, eventually you'd go bankrupt from the ever increase cost of holding the inventory. To prevent that, the price is ...

Economic Question: Why is price affected by supply and demand?

The hardest part is not having enough money. It takes money to make money. If you start with peanuts, you'll end up with peanuts. It is true compounding will eventually turn your peanuts into something worthwhile. But by then you could be dead from ...

What do you find hardest about trading?

Not quite. Real traders build inventory when the price is favourable. The inventory is released for a profit when the situation allows. Most so called "traders", are not traders. They are gamblers. They place bets casino style: putting the chips ...

Could this be an easy way to win in forex?

Trading without a stop loss is perfectly fine if you have the right technique. For instance Jimmy Balodimas was described by Jack Schwager as a successful trader who didn't use stops. For the beginners thinking that not using stops is suicidal, ...

Trading Without a StopLoss

It's way too early to go bearish on EUR/USD. Both daily and weekly time frames are showing up trend. Currently, it can be considered to be reverting to mean, and nothing more.

EURUSD