These two pairs are beasts. They'll destroy your account faster than other pairs. Focus on the Eur until you actually learn something.

Newbie needing some advice

Good luck and keep a journal, it'll help you tremendously.

How about we get rid of indicators and use experience

Try using a 1-2-3 approach. Most retracements make an ABC as well. When you post charts, you should show the currency and time frame. Also, put the labels on your fibs.

Entering on Fibonacci retracements.

A ball-peen hammer. When I screw up by going against my trading rules I pick up the hammer and give myself a solid rap in the forehead. It usually knocks me out for hours which is great because it's stopped my revenge trading. Try it, but make sure ...

How do u control your emotion???

Do you really think that all the institutions haven't done your simple math? Do you really think that an institution that moves billions of dollars per year through the forex market hasn't got some world-class mathematicians working for them? And I ...

95% failure rate?

Another part of this is the low-entry barrier to trading. If you wanted to be a lawyer or doctor and eventually make a 6 figure income every year, you have to pass a slew of gatekeepers beginning with your first four years of university. Then law or ...

95% failure rate?

I love this line. You can jaywalk on the same street 10,000 times and safely make it across. But if one time you get hit by a speeding car, you're dead and the 10,000 times you made it across safely mean absolutely nothing. Trading is exactly the ...

AUD/USD Pls help me get out of this hedging MESS !!!

I, for one, would love to see the DM and FF come back. It would make trading Forex more interesting. However, I don't think it's going to happen. The EC has been doing alright for itself and they need this unity to compete with the US and China. It ...

Does the Euro have a future?

As low as you can go. It'll mean you'll lose your money slower, giving you more time to learn. As one successful trader said in one of the Market Wizard books, most traders can't outlast the learning curve of trading because they blow their accounts ...

Risk Management - 1%?

No, you're not, you're innumerate. An idiot can't fix himself. An innumerate can. Just a bit of friendly advice from a teacher.

Margin level % math problem

I remember last year when the 21 day ATR was at the lowest point in 5 years. I thought, Damn, I sure hope the market doesn't stay like this for long. I was hoping that there hadn't been some sort of fundamental change to the Forex market, such as so ...

Insane market

Now that's funny!

Bailout is doomed!

Funny, but scary at the same time. I've come to the conclusion that politicians are the lowest form of life. Cockroaches are more useful.

Bailout is doomed!

Spend a few dollars and get Van Tharp's book on position sizing. The money you'll spend on it is only a minute fraction of what you're going to lose if you don't understand Money Management.

[fundamental question] what % of capital should I put per bet?

The best traders are the ones that have been at it year after year after year and still make money in the long run. Guys like Paul Tudor Jones and John Henry come to mind.

Who Is The Best Trader Living?

Sometimes I have trouble logging in, such as yesterday. If I get the message that says to try again, it seems no matter how many times I try, it won't work. So I just shut it all down, the restart it and that seems to work most of the time as it'll ...

Are You Having Oanda Login Problems?

I don't think there's such an animal as a good trader with bad MM. It's understanding risk and knowing how to manage it that makes one a good trader. Granted a good trader can screw up their MM at times for any number of reasons, but at the end of ...

Trading Support, resistance and trendlines : a beginner's question

I've said it before and I'll say it again. Morge does the best job of anyone (and I've read everything) in showing how to get in and out of PF trades. The book is really not expensive if you're going to use PFs. As mentioned, his site has lots of ...

Andrews Pitchfork (Median Line)

It's not an idiot comment. It's a comment about your lack of initiative and work ethic. Any 10 year old familiar with a pc today would know enough to Google it.

Difference between forex and futures?

Making a living off of trading anything can be done if you have a large account. You can make 3-5% per month by taking small risks so that a series of losses won't wipe you out. And you will take a larger series than you can imagine, I don't give a ...

Can you actually live off Forex trading?