What qualifies as the 'best' time is that time which most frequently fulfills the conditions that your strategy is designed to capitalise upon. Squabbling over the 'best way' of trading, and the 'best time' to trade etc. betrays a closed mindedness ...

The best Times of day to trade - or Not trade

Take a look on this research document for a break-down of market participants. It suggests here that as much as 95% of trading is speculative.

What have I Discovered!?

That is not my understanding, or the understanding of others who work in the currency exchange industry. Although there are no definitive statistics to my knowledge, it is estimated that around 80-90% of forex volume is speculative, and do not ...

What have I Discovered!?

Economics can explain this perfectly..... ...but only the day after. Perhaps 0.75% was expected, or buyers had their interest piqued by a readiness to take action beyond the mere cutting of interest rates (which let's face it, probably haven't made ...

Why does the GBP gain strength after decreasing the interest rate??

There's no shortcuts. You've got to figure out what sort of trader you want to be. There's no winning formula for everyone, for some there might not be a winning formula at all. So you might check out Jacko's thread and despite it being a quality ...

Need some direction

Right, as there is a time lag between the decision to produce soft commodities and the time at which they can go to market, this creates uncertainty for the farmer. In order to reduce risk he can take a short position to an equal value of the ...

How do hedges work actually?

I would never advise someone to open a live account with any broker just in case. The one that fits your criteria most closely if you are looking for a UK based broker is alpari.co.uk. My personal experiences with them have been OK, but I found the ...

UK Trader looking for Broker Advice

Read up on Edwards and Magee's 'Technical Analysis of Stock Trends' or Brian Marber's 'Marber on Markets' for some technical definitions. I think it was Magee who suggested a daily close of 3% or more beyond a trend line and Marber adapted this to ...

The 24 Million Dollar Question

I think 1-2-3's are about as good an indication of a shift in market sentiment as you're going to get, and that is what I look for when I am looking to fade a S/R level, although I think the 5m is a bit 'noisy', unless you're looking for any excuse ...

The best support and resistance levels

I dislike the terms support and resistance - really these are just areas where buyers and sellers are likely to be found, but even then that information may not be useful. How often does support and resistance actually hold and what information have ...

The best support and resistance levels

There are three areas I'd be looking at price action. First thing to notice is that price is in a range and I'd be favouring a breakout. I'd expect a break above the double top to be vigorous enough and may set the tone for the rest of the London ...

The best support and resistance levels

Ah right, thanks, I was wondering which one you thought was better. Glad we finally got it cleared up. Good to see you put up some really well thought out arguments too. Hang on, not so volatile - which stock market have you been watching? And who ...

Stock market is better

If the theories were correct (which I do not believe to be the case) then the probabilities of you or I being consistently profitable for 50 years might be low, but the probability of there being a small percentage from a large number of traders who ...

Admit it - your profits are based on luck

Bit of a paradox. If he had any conviction in the first statement then why make any predictions, why spend any more time trading the markets when he could be a professional coin tosser? Do the rules only apply to other people? Sounds familiar.

Admit it - your profits are based on luck

According to Popper, there are two types of theories. Those that have been disproven and those that are yet to be disproven. Trying to argue with someone who is aware of this is like sweeping leaves on a windy day. I assume that tedion is aware of ...

Admit it - your profits are based on luck

You can post links as long as they are not promoting any commercial ventures or direct competitors to FF. See Rule 3: url

How to use Fundamentals to make Money

I think you need to update that abacus to one of these new fangled calculators. 1 mini-lot = 10k base currency (for example use USD) 0.15 * 10000USD (1 mini) = $1500 = $0.15 per pip. 40 pip risk * 0.15 = $6 expressed as a percentage of account size ...

Losing.....

The natural mindset is to attribute winners to skill and losers to bad luck. Which might be a perfectly reasonable approach to protect your ego in other activites such as sport, but in this business only facts and the truth matter, not ego. Better ...

Admit it - your profits are based on luck

What are you asking? Whether you should change your account back to Euro's depends on whether you think the Euro is going to appreciate or depreciate against the dollar. If you think it is going to appreciate then convert your account back into ...

Having your Account in Euros or Dollars?

I understand what you're saying, the markets are the same, if they diverged it would be quickly exploited as it would present an arbitrage opportunity, which can only ever exist in the short term. The market rate is determined by supply and demand ...

Who sets exchange rates?