There seems little point in 'watching what happens' if you're basically looking in the wrong direction! Now that would be the ultimate exercise in futility! If you're genuinely interested in learning about trading a basket of currencies then spend ...

Pitbull Trader with Position Building

There's nothing wrong with trading a basket of currencies but if you're going to do it then at least try to do it right rather than all this nonsense! Do some research, learn, then try again.

Pitbull Trader with Position Building

Yep, thought as much.... I'll leave you girls to play at trading, as long as you're having fun that's all that matters!

Pitbull Trader with Position Building

And where did I say that, sidekick? Hey, maybe you can reply to roughtrader's questions, seeing as other 'experts' seem unable to! Yeah, right.....

Pitbull Trader with Position Building

Thanks, I have my moments! lol, you missed out some important figures there. Surely you know that returns alone are not the be all and end all? I mean you do know that, right? But anyway, roughtrader asked a pertinent question. Instead of spending ...

Pitbull Trader with Position Building

Print money mate, apparently it's easy and 100% accurate! They can't tell you how to do that because they don't actually know, all they know is that you need to print money and control DD, it's 100%! Oh and don't forget the most important part, ...

Pitbull Trader with Position Building

That's probably the best approach! It's market sentiment which matters, not necessarily the actual underlying fundamentals, "buy the rumor, sell the fact" and all that stuff....anticipated events are often priced in, the actual event can produce an ...

Fundamental trading

So your advice is to what, not trade?

Fundamental trading

Well if it's 100% accurate you wouldn't have any drawdown would you? It's naiive to think any system is 100% accurate, and to be frank it's a ridiculous statement to make even for an inexperienced novice. lol, you've got a learn to learn! I can see ...

Pitbull Trader with Position Building

Oh boy, another crazy train-wreck-waiting-to-happen system! Quick question though, if you've got a "system that gives 100% accuracy on entries" then why do you need a drawdown limit God, a hope, and a prayer, yep that ought to do ...

Pitbull Trader with Position Building

Avoid them all, especially ones that use lame names like 'Big Dog Currency Trading System' and 'Forexmentor Professional'! Why pay when everything you need to help you achieve consistent profitability can be found between your ears and around the ...

Discussion On Trading Education

It makes you wonder that after 3+ years he still hasn't grasped the idea of trade size, it doesn't bode well for his trading career!

Money Management calculation?

And how exactly is having a one 'real' lot position going to fit in with a 1% 100pip risk on a $1k account?

Money Management calculation?

Well if a standard lot of Eur/Usd is worth $10 per pip, and a mini lot is worth $1 per pip, and your risk is 1% of $1000, and your stop is 100 pips, which one would you choose and why? Give it a shot, if you think about it then it should make sense.

Money Management calculation?

Oh yeah that's right....must've been my suppressed feline side coming out!

Take a loss in a losing position or wait for it to turn around?

Nah don't plan a trade, just wing it! Average and martingale.....and if you're getting close to a margin call just add more cash to your account. Easy peasy japanesey! Stops are for pussies, trade like a real man! SURGEON GENERAL'S WARNING: Quitting ...

Take a loss in a losing position or wait for it to turn around?

It's not a case of 'how big'. Your stop should be placed at a price which, if reached, means your analysis was wrong and the trade is no longer valid. All these details need to be worked out in advance of entering a trade, it's part of your analysis ...

i want only 1 pip everyday

You're welcome! ....didn't mean to jump in the middle of your debate, you had it under control, lol!

Few tricky questions

What do you call "create a quick spike" other than 'manipulation'? I think we're talking at cross purposes here, your definition of manipulation is a brðker changing the streaming quotes they feed to clients, the broader definition is manipulation ...

Few tricky questions

Fed, SNB, MoF (BoJ), ECB......they're all at it BOJ is my favorite, mind you their jawboning (line in the sand blah blah blah) doesn't seem to have the same effect nowadays!

Few tricky questions