The interesting thing is that people almost demand to become a victim of fraud in forex. Look at the titles on the first page of this rookie forum. These people aren't saying they've been to a website or read an unsolicited email, they think these ...

If you're a technical trader then you don't need to know the news and you don't need to know the market. You need a system and a trading plan and a lot of hard work.

I know what's out there and I agree with you. That being said, forex scammers don't "target" and specific type of trader. You either go to their site or you end up on some email list and you are contacted by them. They don't care if you are ...

Good one! The only thing I learned from Booker is that there's a lot of fraud and deceit in the forex world.

Because experienced traders don't need mentors and tutors. And most experienced traders got to where they are now by having a mentor or tutor when they were starting out. I fail to see why you guys thinks it's more honorable to blow your account ...

That forum will open your eyes to a whole new world. Good luck!

Currencies don't have personalities. They go up and down based on the number of buy and sell orders transacted by traders. A good technical trader could trade cow patties if there was enough volume and some charts. In other words, you don't have to ...

I would check the Tradestation Forum. Most people here have never heard of TS.

Here are a couple resources that might help you: url url

You'll shoot your eye out!

Your forex trading life will probably end in a couple weeks as a scalper. Welcome to Forex Factory!

If the currency pair ends in USD (ex: EURUSD) then yes, 1 cent = 100 pips since USD is the counter or quote currency. 100 pips is a nice daily move. Leverage is necessary because making 1 cent or, in most cases, must less, doesn't buy a lot of ...

That has absolutely nothing to do with correlation.

ECN brokers do the same exact thing. I find it funny that people think they are somehow better off when an ECN broker sets the market price and the spread and then convinces traders they have an advantage becuse another desk in the same company took ...

Someone is always on the other side. That's why it is called a trade.

Just exit the position. You @%#$ed up, you know it, we know it, now make it right and get out. And, never, ever do that again. Trying to hang in there a little longer is the exact same mentality that got you into trouble in the first place and as ...

Great example of bitching and moaning

You need to check with your broker to find out when daily bars open/close. A lot of them use 1700 ET which is the unofficial close of the US session and beginning of the Pan-Asian sessions. A daily bar is going to close 24 hours after your broker ...

Oh, the irony!

Please don't fall into this trap where you start thinking that moving averages provide some kind of support and resistance. It's just simple math and they have no predictive powers. 55 is a fib number 200 is the average number of annual trading days ...