This is a complex topic. There are multiple reasons for why price move opposite to the news release. Let's take Private Loans (EUR) as an example. Private loan is not an end in itself in the context of impact to EUR dollar. Private loan has a ...

Why does news have reverse effect on the Currency?

A picture speaks a thousand words. video If anything, just treat the video as information on what the big boys are doing. Pick your battleground wisely. Don't stand in front of the oncoming train.

Scalpers favorite broker

Regarding the topic of trading being a zero sum game and therefore it is 'bad' to win upon others' losses. Therefore trader are essentially perceived as a predator preying on others. Which other 'system' so to speak is not a zero sum game? Economy ...

Are Traders Psychopaths?

From trading psychology perspective, take the RR ratio that you feel most comfortable with. If the RR ratio that you are comfortable with does not net you the profit, work on the entry. Basically wait for a better entry price than one that you would ...

Risk Reward: 1:1, 1:2 or 1:3

I have edited my posting. Apologies and thanks for correcting my misinterpretation.

Are Traders Psychopaths?

The only advantage that I see for a profitable trader to work for "prop" desk is the larger trading capital. Many "prop" desk share the trading profit with the trader (50-50% I understand in my local) while they absorb the trading losses. So, a ...

Advantages of "prop" desks?

If trading (FX or otherwise) is gambling, then you should think and act like a casino operator. You should operate like the house and not the client. You should treat it like a business with clear business model, exit clauses performance target, and ...

The XXX Alure Of The Trading Reality

Allow me to sidetrack abit from this thread main discussion. My comments is not about being right and not make a dime. My personal view is that whether you actually make a dime or not is not our choice. We have zero control on how the market price ...

How to be right and dont make a dime!

I misinterpreted initially that this is another thread on trader being a 'bad' person. It is not. Thanks LasVahGoose for correcting my misinterpretation. I have seen in other forums and thread calling traders as gamblers, psychopaths, unethical ...

Are Traders Psychopaths?

Imho, try not to focus on the spread, unless you are doing spread trading (another form of trading besides outright and option). Spread should not be a determinant of your profitability but spread is a determinant of the extent of your ...

Reducing my risk

I think that is a good idea. When I am tuned in to financial TV program, I mostly listen to the commentaries while keeping my eye glued to the price screen. This is almost a radio program to me in spite of it being a TV program. However, regardless ...

Forex Radio

I would like to make a comment on scalping as a trading strategy. I have nothing against scalping and scalping can be a hugely profitable trading strategy when you are competent enough to react fast to the volatile ticks movement. In light of high ...

Scalpers favorite broker

Not difficult to imagine how broker work against you, especially those in the market-making business. They are basically front-running their clients' order. In market making business, not all the clients' orders are sent to the market. They are ...

How can a broker work against you??

Alpari is going into my blacklisted broker book, joining Oanda and Saxo. I suspect after a while, all forex brokers will join them in the blacklist. Is stricter regulation by the relevant authorities on these brokers the only saving grace for forex ...

Trades cancelled with broker