In every money making opportunity there are scams and there are also people who 'believe' in easy get rich quick. They feed each other - well one feeds the other, the muppets feed the scammers... Like anything else that makes people rich there is ...

Do you believe in forex?

This

How to rescue a losing position?

Are you doing anything to address this? I'm guessing you're trading short timeframes as well - have you tried higher timeframes to start with?

Still losing

I think this is only if you set it too tight. What about trend traders who get stopped out 7-8 times out of 10 then on the winners use their stops t trail price and lock in profits? Stops if used conservatively and based on volatility can be great. ...

Real Fx traders do not use stoploss

IMO not using a stop loss = gambling plain and simple. If you don't use a stop you're leaving the fate of your entire account to chance in the hope that you've got enough margin to keep you out of a margin call if the market trends against your ...

Real Fx traders do not use stoploss

What he said. It's very profitable for some people. There was in interview in Market Wizards II (Can't remember which guy) who's system was based on buying strength and selling weakness. When price was making all time highs he would buy and when it ...

Is selling low/buying high possible?

What strategy are you using? What system? Do you have a traidng plan? Have you proved that you can make money on a demo?

Still losing

I bought XAG this morning based on daily PA: url

james16 Chart Thread

I joined the physical club today (gold) Bought XAG/USD (spread bet) on this daily bounce - if it can clear 34.30(ish) I reckon it might take a pop at 35.00 This is quite an interesting article....: url

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Agree 100% The type 1 personalities are very risk averse which I believe the best traders/invertsors need to be. Take Buffet for example with his quote: I'm in the type 2 camp as well and the change came when I realised, accepted and acted on the ...

Your own HOLY Grail (and how you know you've found it)

In the simplest terms though what's the answer to these 2 questions: 1.- Trader opens an account and makes a $1000 USD profit then closes his account transferring the funds from his trading account to his bank account. He now has $1000 USD he didn't ...

Wise to discuss strategy with my broker?

I always assumed that when when I make a profit the money that get's added to my account came from theirs, and likwise when I make a loss the money removed from my account goes to theirs. Is this not the case? Does the money come from and go to ...

Wise to discuss strategy with my broker?

Evidence where what is so?

Wise to discuss strategy with my broker?

Don't they have to pay the money into your account when you make a profit and when you make a loss doesn't the money from your account go into their account? I don't agree with the 'broker taking the other side of your trades' thing but I'm pretty ...

Wise to discuss strategy with my broker?

I don't know what they would say - do they offer a service to help you devise a strategy? You're having a successful strategy is in direct conflict with their interests, they would probably advise you to just go live now with as much money as you ...

Wise to discuss strategy with my broker?

I waited and watched it get back up to 1725 and managed to get out my long unscathed Quite glad about that - felt a bit like a scalper/day trader for a while there - was split second stuff!

XAU/USD & XAG/USD - Gold & Silver Traders Thread

Nice BUOB on the weekly there. Wonder if it will take off and if so if will retrace first....... I'm holding my XAU long but considering knocking it on the head if we get a big risk off panic session today/tomorrow with all the news out.. It's only ...

XAU/USD & XAG/USD - Gold & Silver Traders Thread