you obviously need to study more. read the forums, read trading books, trade on a demo account, develop a strategy, risk and money management. and study, study study. trading books, that's what you should buy.

What To buy Tonight?

stop loss, no doubt about that. drawndowns will get you killed, and drawdowns inflict emotional distress. just try it and you'll see. no, really, try it. you will see that sl is the best option. be disciplined, take losses, and minimize them by ...

Drawdown or Stop Loss

the best

Trader's title

thank you for the template ! also, i advise everyone what Marrethiel put up. it is a very good book and will help you a lot. but not just read it, apply it

Trading plan template

current resistance is at 1.3878 have an open position long, looking to close it at 1.3875

EURUSD

j5000 thank you very much for the system. it is a very good system. so far, my trades were: long @156.35 closed at: 156.73 long @ 156.80 closed at: 157.20 short @ 156.88 closed: still running so far, until now, 38pips(1st trade) + 40pips(2nd trade) ...

Shiny15

these kind of questions are so relative. it depends on you. how fast yoou want to learn, how much time you give it, how willing you are to learn etc etc why don't you give it a try and let us know ?

How long does it take to learn this method?

so, from what i understand, now one would be long, right ? and thank you for sharing the system

Shiny15

i beg to differ a bit. you can trade the news and fairly easily. now, if there are news which have a high impact on the market, the currency will move at least 30-40 pips for sure in one way or the other. entry orders a few minutes before the news ...

How do you trade news?

well it fell below 113.20. 113.10 is a very likely target to be triggered today

USD/JPY Discussion

i trade the news by placing before any high or medium impact news release, two orders: one short, one long, each one 15 pips away from the price at that moment. however, today i placed a long order on eurusd @ 1.3710 but it was triggered at 1.3737. ...

How do you trade news?

2-3 minutes before the news came out i put two entry orders on eurusd: buy @ 1.3710 Sell @ 1.3670 however, what happened that my order was not triggered at 1.3710 but @ 1.3737, so i lost 27 pips just like that. what i think the problem was, and why ...

NFP

are we looking at 113.20 or even 113.10 ? 113.00 i don't think is likely, today anyway, it's too much of a psychological limit in my opinion

USD/JPY Discussion

personally, right now, i'm glad i didn't buy

USD/JPY Discussion

congrats you have just made those pips ! :

USD/JPY Discussion

and what is your TP and SL ?

USD/JPY Discussion

at what price will it be in the keltner channel ?

USD/JPY Discussion

no more cable trading today for me. i've had enough

Cable Update (GBPUSD)

retracement anyone ?

USD/JPY Discussion