I guess the market's dead until the Fed has its first press conference in a century.
Any chance that Ben's gonna use this to announce the US interest hike?
Any chance that Ben's gonna use this to announce the US interest hike?
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedAnd spend the weekends reading everything you can get your hands on to get your head around the fundies and news. Spend days off looking back at correlation and spend a few hours on the weekends running your simulator to see how price behaves, find the levels and see how you can improve spotting them and papertrade them.
If you can find the time, and you'd be surprised how easy it is to find it if your heart is set on it, you can manage this business in about a year, even with a job. You just need to give up a lot to get there, the end is well...Ignored
Dislikedcloggie may i ask, when you are trading intraday inside the flag, do u trade only one direction incase the breakout happens when ur scalping? isnt it risky to scalp both direction?Ignored
Disliked10,000 hours learning .
90% failure rate .
These are pretty much used in most business attempts .
some seem to think its only traders,but any business venture you attempt is highly likely to fail within 12 months to 2 years .
Generally for much the same reasons .
The perception that you start a business and become rich .
Rarely works like that, the businessman with the big house and nice car most likely worked his bollocks off and took a few risks .Ignored
DislikedWell ... I must say I would be surprised if cuts lower than this levels you mentioned without FOMC Statement and FOMC Press Conference ...
Unless those two ... I would tend to buy at first ...
Anyway ... time for some small position adjustments ...Ignored
DislikedSpot on Pauly, now you know why I come down so hard on the !d!ot noobies here that portray this business in the wrong light.
Few here know what it takes to get there, but the few that have managed know there is no business in the world like it.Ignored
DislikedON range days like the last few, I trade in both directions. On days where there is no obvious range I only trade in a single direction, the trend is your friend, I know it is corny, but it is so true. Very few traders in the world can counter a trending day profitably, I have never met a retailer that can manage it consistently.
The problem with the majority here is that they cannot identify a trending day from a ranging one.Ignored
Disliked10,000 hours learning .
90% failure rate .
These are pretty much used in most business attempts .
some seem to think its only traders,but any business venture you attempt is highly likely to fail within 12 months to 2 years .
Generally for much the same reasons .
The perception that you start a business and become rich .
Rarely works like that, the businessman with the big house and nice car most likely worked his bollocks off and took a few risks .Ignored
DislikedON range days like the last few, I trade in both directions. On days where there is no obvious range I only trade in a single direction, the trend is your friend, I know it is corny, but it is so true. Very few traders in the world can counter a trending day profitably, I have never met a retailer that can manage it consistently.
The problem with the majority here is that they cannot identify a trending day from a ranging one.Ignored
DislikedOh and get yourself the good papers, FT and WSJ, and some good magazines. Do not underestimate fundie/news triggers. Most here have no clue and miss out on very easy trades with humongous r/r ratio and little to no risk.
And as a last hint ignore about 35,700 members here, find the dozen or so good ones and pay attention to them.Ignored
DislikedHey Paul,
The success in Forex market in my humble opinion is RISK MANAGEMENT. Its not HOW MANY pips u make, its about MINIMIZING the LOSSES.
Cut the losses to the minimum and Keep the profits running. My friend told me a tale about a famous Russian trader who was excellent trader. He got over 1.3 millions. He made an EA and he LOST everything in one single night. The EA opened about 1000 trades. Most of his losses were due to a spread.
Traders need to control the risk and cut the losses.Ignored
DislikedHey Paul,
The success in Forex market in my humble opinion is RISK MANAGEMENT. Its not HOW MANY pips u make, its about MINIMIZING the LOSSES.
Cut the losses to the minimum and Keep the profits running. My friend told me a tale about a famous Russian trader who was excellent trader. He got over 1.3 millions. He made an EA and he LOST everything in one single night. The EA opened about 1000 trades. Most of his losses were due to a spread.
Traders need to control the risk and cut the losses.Ignored
DislikedAnd Gator had 63, now look at your charts and see where we get these from and why they are so important, then watch the PA around them and remember that for the next time.Ignored