Craig beat me to the smart ass reply, so I'll give you the real answer. A basket refers to trading multiple instruments. It could be a bunch of currencies, stocks, bonds, etc. The idea is to smooth out the volatility in equity swings. If you trade ...

what is basket trading

Let's take a look at the numbers, shall we. You're from Germany so let's assume you need $5,000 USD or it's equivalent of 25 Euros per month. In order to make 5k on one pip (we'll assume you're trading the Eur/Usd) you would have to trade 500 lots ...

The 1-Pip Question!

Thanks.

Does the market trade against you?

Our fund hasn't suffered a Sigma 9 event in three months!

Advice Only. 1 Liners Concise.

All you have to do is beat inflation every year to maintain your wealth (and not spend it, of course). If your money is in USD, what's the inflation rate of the US? Find a vehicle that will beat inflation. There are bond funds that return 7-9% net ...

million dollar question

Bullshit! The market is not some anonymous, inanimate thing. It's a collection of people making decisions to buy and sell. They base those decisions on a multitude of factors, one of them being psychology. For some it's pretty damn easy to see where ...

Does the market trade against you?

Here's some nice reading to calm yourself after such a hectic week. The Market and the Ocean The Market is like the Ocean in many ways. Both are eternal. They were there before I was born and they will be there long after I’m gone. The Market moves ...

Jacko's Forex House of Pleasure and Pain

You should have called, I'm in Al Ain. Oh well, next time.

Powerful Fib Based System - by DAZfx

I disagree. They aren't variations per se, it's just a bunch of people who can't read properly, or if they can, don't pay attention.

Jacko's Forex House of Pleasure and Pain

Hi Daz, I just found this thread yesterday. I'm a long time user of Fibs. Your system is similar to DiNapoli's work in many ways. He also uses multiple fib targets with great success. I'd like to contribute a few of things, if you don't mind. Try ...

Powerful Fib Based System - by DAZfx

On a few occasions I've gone to a coffee shop in a mall near my house. I was able to use the net, but the connection was so slow I couldn't get Oanda's platform running. It's a Java thing.

Oanda connection issue

The weekend that British scientist showed up dead,the one that was going to blow the whistle on Blair and Iraq (they said it was suicide...yea right)...the GBP gapped over 150 pips on Monday morning and closed the gap a few hours later. That's the ...

Jacko's Forex House of Pleasure and Pain

One of my favorite trading sayings is, "Don't be a prick for a tick." If you really want into a position say, 5900, then put your order at 5905 at least. It really sucks when your spread beats you this way.

Jacko's Forex House of Pleasure and Pain

This is very instructive. Now many, many people will be afraid to leave positions open over the weekends. They'll remember this weekend for a very long time, using it as their justification for closing out on Friday, yet they'll ignore all the ...

Jacko's Forex House of Pleasure and Pain

Go to a daily chart of Eur/Usd. Put up the ATR indicator and choose the period of 10 (10 days that is, if you're on the hourly chart it will be 10 hours). I'm showing an ATR of 122 pips. That's the figure you use.

van tharp's random entry system

Marco, Get a one-legged dwarf for an evening, now that's exciting. Pushing buttons and watching money disappear is not exciting, it's painful.

Where should I start?

Drugs.

Forex "Shivers"

Todd, Read the title of this thread very carefully. Then think long and hard about the words and what they mean. Then come back and resume this discussion.

Using hedge trade as a stop loss

No one makes money from Fibo. All the money is made with moving averages. You need to get better sources.

Learn more about Fibo