Is this indeed a Reversal? or just a retrace? Last time I heard a government (NZ) complained about their strong currency, they intervened and it dropped - only to find itself bought up again to new highs. Lately, USDCAD seems reversing, but is it? ...

USDCAD trend reversal?

GU opened with a massive 50 pips gap down. Perhaps following the USDJPY selloff..

Cable Update (GBPUSD)

I consider this event yellow.

bug on economic calendar?

By rooting it down, it went up.

Cable Update (GBPUSD)

I read that her next contract will be in Iraqi Dinar.

Cable Update (GBPUSD)

I dont think BoJ would agree to a strong JPY. They will intervene just like they did last mid August.

Cable Update (GBPUSD)

Strong resistance at 2.1050...

Cable Update (GBPUSD)

One year ago, during US thanksgiving holiday, China made similar remarks on USD and diversification. USD was immediately sold across the board. GU went up 300 or so pips in just one day. Now, History is repeating itself. No wonder it is called ...

Cable Update (GBPUSD)

To malaysian, This is one trader you should not emulate: url All $84K gone with the broker.

Malaysia

Here is a screenshot of someone who has $80K worth of money in the line. This is not DEMO ACCOUNT. url FXOPEN Login: 17724 Investor password: h7e64cyf9 This trader got guts loosing all those money on short 11 lots. I believe the broker is very ...

Cable Update (GBPUSD)

If you have $1M and decided to trade forex with a bank buying selling other currencies: Step 1: You SOLD 1M USD and bought 500K GBP @ 2.000 Step 2: You SOLD 500K GBP infavor of USD @ 2.0800 - 800 pips profit Lets count how much you made. 500K GBP * ...

Old-Fashioned Bank Account Forex Trading?

Lets see what the Brits will do when they wake up. I bet, they will short GU (to catch the novices off guard) and buy it back to new high.

Cable Update (GBPUSD)

FXTR, To answer you question is to answer what kind of trader are you: If you are a Scalper trade with ECN. If you are a non-Scalper -> ECN or Market Makers. Disregard the $6K~$10K a month concern. Alot more people make more than that every month. ...

ECN and Market Maker questions

It is actually called, Contrarian psychology. Check what the hapless retailers are doing and go opposite. There is some truth to the Contrarian Psychology. Since there are so much LONG, it implies that these people have no more ammo to keep buying, ...

USDCAD trend reversal?

If you are so darn good in DEMO, keep it up. Ask the broker to give you $1M DEMO money and trade it to $1T. By that time, you will realize it was useless to have traded DEMO. DEMO is useful to learn the platform; strategy wise, its useless. Of ...

Are demo accounts at all different than live accs?

Keyword: Affordability. USA has declared that they can afford $100 a barrel oil price tag. USA opined that $100 oil is a small price in their big GDP. This goes the same to other developed nations. And since these group consumes most of the world's ...

I see oil reaching 100 USD?!

yup... 2.1000 is now in the horizon, perhaps today.

Cable Update (GBPUSD)

Interesting that with FXCM's larger client base (and therefore, liquidity), it performs poorer than MBT. At MBT i was filled on market order. Was all these a liquidity issue wherein your banks refuse to honor quotes? I heard that story repeatedly ...

True story of FXCM 'at best' option

Some traders swear they trade TA and make good money. Some traders swear they trade news and make good money. Some traders swear they scalp and make good money. Some traders swear they just flip a coin and make good money. Some traders swear nothing ...

Why scalping doesn't work........

This is a script. Load it up. It asks for Free Margin/Equity you have. It asks for the Leverage you have 10, 50, 100, 200, 400, etc.. It asks for the StopLoss you want (ie how much pips it goes against you before it calls a Margin Call). Bang up ...

Calculate Margin Call Price