You're averaging 50 pips a day, that's excellent, do you know how many traders dream of having performance like that! If it's consistent then I think I'd look to scale up, maybe look at improving money management and compounding strategies. The ...

What is the best way to learn?

Books, I would have to say Trading in the Zone by Mark Douglas. It's quite old now but still valid, and it's a bit repetitive but really gets the message across about trading. There aren't any strategies in it and it's not specifically about forex, ...

What is the best way to learn?

Ah right, makes sense, ta!

Don't play games with demo accounts

Watch the financial news channels and read the currency pages of mainstreams like Bloomberg and Reuters, you can get quite a useful insight into how the market thinks and acts. As always though, make your own trading decisions based on your own ...

What is the best way to learn?

Catch 22. Inexperienced novices get taken in, some of those sellers are very plausible.

Mentors & Tutors for new traders

That too, although someone else mentioned about there being a mandatory quote delay for some markets. I suppose that wouldn't really matter as long as the feed is reliable and the only difference is it's 20 mins behind. Seems odd though, why do they ...

Don't play games with demo accounts

No, they won't help a trader to become profitable but demo is an excellent tool for testing out a strategy, and one's ability to trade it, in very realistic market conditions. If the strategy doesn't work in demo then it's unlikely to work live. I ...

Don't play games with demo accounts

Try demo trading for a while, and go jogging to let out some of that pent up frustration.

Don't play games with demo accounts

Let's flog it a bit more, just to make sure!

Don't play games with demo accounts

What?

Don't play games with demo accounts

Good post, my sentiments exactly.

Don't play games with demo accounts

Staying with your jogging for a minute.... Ok, so in your opinion it's better to jog to the curb and back and build up to a marathon rather than learn about jogging first before even stepping out on the pavement for real? Sure you could do that, and ...

Don't play games with demo accounts

I think you misunderstand the real purpose of demo accounts! A $100 account and a penny a pip isn't going to condition you for anything psychologically, in fact it can do more harm than good. Using your analogy of a battlefield game, would you be ...

Don't play games with demo accounts

I reckon! It's like all these politically motivated noises, they act first to try and inpress/placate voters and then think about the practicalities and consequences later (usually after everything goes wrong!). I can't see the likes of Interactive ...

Is our future as traders threatened?

Does it? As far as I can see the CFTC haven't drafted any rules as yet, unless I've missed a page?

Is our future as traders threatened?

Probably not if Obama has anything to do with it, he's likely got a ban on fishing rights planned next! Hey, fish have rights too ya know!

Is our future as traders threatened?

Money breeds greed, lies and corruption, it always has and it always will. That's capitalism for ya! It's great isn't it, especially when you consider the alternative!

Is our future as traders threatened?

Have the CFTC actually drafted any final rules yet? I doubt OTC forex, and us as traders in this market, will disappear overnight. There's far too much money involved here for marketmakers to roll over, they'll just devise ways to circumvent the ...

Is our future as traders threatened?

It's not hard, just click on "Attachments" and follow the instructions! If you're using MT4 then click on File > Save As Picture, remember where you saved it and use it as the attachment. Trading off a 15m chart and doing your analysis the night ...

Fibonacci lines - Please explain it