I live in the UK. The news coming out of the UK and Europe is dire. Today, the FTSE100 index is the worst it has been in 25 years. The general sentiment throughout Europe is the same. USD is weak, EUR is weak, GBP is weak. It may come down to risk ...

EURUSD

Market review — The EUR/USD rose the most in almost two weeks as the conflict in the Gaza Strip drove up oil prices. Higher oil prices add concerns about the economic slump in the U.S., which is the world’s largest energy-consuming country. ...

EURUSD

Tushay, that's why I haven't been on this thread as much.

EURUSD

Candles have closed above EMA 10 for 14 days. Strong support at 1.39. Can't stay above 50% fibo from August drop. Ranging withing this range.

EURUSD

Good call.

EURUSD

Indicators can be good, if you master them, however to most they serve to confuse and destroy accounts. Trading with just candlesticks and trendlines is what a lot of the best traders do. Price is king: therefore follow the price and the trend. ...

Naked Candlesticks

Also, wise counsel is invaluable. Constructive criticism is wonderful, make if your best friend.

So how much are you making?

It is a lot easier to make money in this game, if you are using money that doesn't matter: money which seriously doesn't matter if you lose it. When this is the case, and you have good money management, it's not as difficult as people make it out to ...

So how much are you making?

Nice one, how long have you been trading in a live account? Out of interest, how much capital do you trade with?

FX Big moves

My forecast for next week is to bum around and relax =) There could be a break out, up or down, or it could just drift sideways, or slightly up or down I hope this helps

EURUSD

Honest with Yourself — You have to be very, very honest with yourself. You must not kid yourself. Whether you have a position that is underwater or you are sitting on a huge profit, you have to look at it in exactly the same way. That is the ...

Trading Wisdom

Yes, parity means one to one; 1:1.

Cable Update (GBPUSD)

2009... — The US Economy is going to get steam rolled in 2009. They are at the end of the beginning of their hardships. In 2009 you will see many business fall into bankrupcy due to lack of funding from financial institutions. There will also ...

Cable Update (GBPUSD)

Troubled 2009 — The US Economy is going to get steam rolled in 2009. They are at the end of the beginning of their hardships. In 2009 you will see many business fall into bankrupcy due to lack of funding from financial institutions. There will ...

EURUSD

Trading University — Most aspiring traders underestimate the time, work, and money required to become successful. To succeed as a trader, one needs complete commitment. Just as in any entrepreneurial venture, you must have a solid business ...

Trading Wisdom

Managing Risk — Managing risks is in many ways the foundation of the entire process. Managing risk comes down to two things. First is how you are going to place your stops. That goes back to cutting your losses short. Consider trading as a ...

Trading Wisdom

Fooled By Randomness — We know that the random element in the market represents at least 40 to 60 percent activity. Therefore, it’s not logical to look at every tick or to think that every tick or every chart formation has meaning. They ...

Trading Wisdom

Trading Fears — Most often, traders have four fears. There’s the fear of being wrong, the fear of losing money, the fear of missing out and the fear of leaving money on the table. I found that basically, those four fears accounted for probably ...

Trading Wisdom

Critical as Air Supply.... — Markets offer unlimited opportunities for self-sabotage, as well as for self-fulfillment. Acting out your internal conflicts in the marketplace is an expensive proposition. Traders who are not at peace with ...

Trading Wisdom

Three Legged Stool — Every winner needs to master three essential components of trading; a sound individual psychology, a logical trading system and good money management. These essentials are like three legs of a stool - remove one and the ...

Trading Wisdom