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- fx_amateur replied May 27, 2008
oanda platform — hello , I am wondering which brokers use the oands software? I know about ABN AMRO but that's it , anyone else? andrew
- fx_amateur replied Dec 2, 2007
You have made the right conclusion , EUR/USD will reach 1.50 for sure , there are just two problems: a) it may take months to do so b) it may have heavy corrections on it's way to 1.50
- fx_amateur replied Dec 1, 2007
It is very simple: there are people out there teaching all that stuff and producing thousands of fresh would-be traders who believe in fibonacci , stochastics , bollinger bands and god knows what else Basically there is a very real way to make money ...
- fx_amateur replied Dec 1, 2007
Yes , I understand how it works and I am not claiming it does not work , I just look at the market from a different perspective The fact is that real trading only takes place outside of randomness and anything taking place on a 5 min . chart is as ...
- fx_amateur replied Dec 1, 2007
what I wanted to say is that you woud get stopped out frequently as in scalping you must use tight stop-losses which will definitely be much smaller than the required distance , I know what you mean you reduce the stop-loss distance and increase the ...
- fx_amateur replied Dec 1, 2007
yes , I understand but this strategy does not have anything to do with serious trading as it is solely based on hope that you will be able to make more profitable trades than losing trades and the size of each profitable trade will be bigger , ...
- fx_amateur replied Dec 1, 2007
What I mean is that most people I know have problems to determine the correct risk level but instead they use local s/r levels to put a stop-loss there which means that they get stopped out frequently furthermore risk ratio of 3:1 is unrealistic for ...
- fx_amateur replied Dec 1, 2007
The problem here is to understand how much you are really risking , some people thunk that the real risk is the distance between the entry and stop-loss , if you think sothe above equation will wipe you out unless of curse you know what the real ...
- fx_amateur replied Nov 28, 2007
I think the exit strategy needs to be changed depending on the time-frame you want to trade.Obviously different time-frames require different stop levels and have different probability of getting hit.If you trade a small time-frame with a 50 pip ...
- fx_amateur replied Nov 27, 2007
I never wrote anything about fundamental analysis what I wrote was: technical analysis must be confirmed by fundamental analysis technical analysis not confirmed by fundamental analysis is simply gambling that's it , I am not talking about not using ...
- fx_amateur replied Nov 27, 2007
If you want a real broker you need to select them according the platform they use.For example if they use currenex you have almost a guarantee they will not manipulate your positions , they may only play the spread a little bit
- fx_amateur replied Nov 27, 2007
What I mean is very simple: these great patterns may tell you something about indecision right now but understanding the reasons for what is happening allows you to understand what is likely to happen next , there are simply too many people looking ...
- fx_amateur replied Nov 27, 2007
yes this is today's forex and there is a good explanation for this: at that time the stock markets were unregulated or not regulated enough , exactly the same applies to Forex today and maybe some day later this will change as well throwing fxcm and ...
- fx_amateur replied Nov 27, 2007
sorry but someone who knows all the pattern names and uses them actively like the person who opened this thred can not be focusing on the reasons for those moves , someone who truly understand the reasons do not even need to know those names as they ...
- fx_amateur replied Nov 27, 2007
Instead of concentrating on some dumb formations on the charts you should rather understand WHY the price has formed this , without understanding the fundamental reasons it will not work consistently
- fx_amateur replied Nov 26, 2007
At least regarding my person you are wrong.I never use any technical indicators and do not even come close to them.With that thread I just wanted to see how many people trade like that and came to the conclusion that it is only a small minority ...
- fx_amateur replied Nov 26, 2007
could almost think this is written by that guy who wrote BWLC
- fx_amateur replied Nov 25, 2007
That's really great if someone can identify a bad system and tell why this system is supposed to lose but I am wondering this has given you a chance to deveop a system which REALLY works? By the way I have read so much about fibonacci retracements ...
- fx_amateur replied Nov 24, 2007
I have to admit I have not dealt with the IRS bedore but tax authorities in other countries would ask you whether you do this as a business first , if this is a business they would allow you to deduct all expenses related to it but if you should ...
- fx_amateur replied Nov 23, 2007
Sure , this is true but only for people who are ready to stand aside and observe but we are not talking about such people , right? so I presonally am talking about how to trade now and in in the very next future and taking long positions with JPY on ...