You should use a stop-loss because that defines your risk (possible loss), although as we saw in the aftermath of the EUR/CHF de-pegging havoc, some unscrupulous brokers executed stop-losses but later, hours later, went on to change the price of ...

People who say forex is gambling are right for themselves. You can gamble in forex. Say, you throw a coin and say "heads will mean I open a BUY trade on the euro/dollar, tails will be SELL euro/dollar". A good explanation here url

If the spread is 2 pips, it means that your initial loss (when you open the trade) will be 2 pips. You know that trading is a negative-sum game, meaning that you start with a loss that you have to recover. So at +3 pips you will be at a profit, but ...

I think the 1.046x area is now a mid-term low. We are not gonna see this level in the next few couple of weeks.

Believe me, even in some hard-working parts of Europe (Greece perhaps?) you can sit their at your desk and check your facebook and your fx account once in a while.

You mean url What's the problem with mentioning one of the best fx educational resources. Gosh!

This will work for as long as the mentor is successful. Once his system starts losing money (because market conditions do change), the copier will "face hardship".

To me, the best criteria for choosing a broker nowadays is clear - just look at how the brokerage reacted to the Swiss Franc event in January and decide for yourself. If they revised their prices after client orders had already been filled, they are ...

72 trades a day is not that massive really. Have you seen transcripts of demo contests participants?

Why 1.00? It could reach 0.87 for example as it was back in 2002? I don't think anything catastrophic would happen if eur/usd reaches 1.00. Me and a quite a few other dollar bulls will make some money - that's all.

Never trade more than 2% of your account lest you wipe it off.