No. The market decides and one has to seek out the liquidity levels....on the appropriate timeframe of course.

long-term - do high-yield currencies out-perform?

Probably the most important first step. The candles speak in an objective way, often defying the news.

What is your hardest-learned lesson in FX?

As a pure chartist, I prefer closing my positions at end of day. However, I do not follow the rule slavishly as conditions may suggest a longer commitment. But as a general rule, if you know your markets, you will make more than enough each day to ...

What is your hardest-learned lesson in FX?

Good analogy.

What is your hardest-learned lesson in FX?

It's not a case, for me anyways, of being an elite member. It's more a case of making this work with minimal stress, like a regular job. It can be done as I don't follow the news other than to know when high news are coming up. But like I said, it's ...

What is your hardest-learned lesson in FX?

It's possible to trade with an almost 100% accuracy (and any inaccuracy is invariably to do with tiredness or not concentrating) but the commitment to understanding candles completely is mind boggling. If anything in my journey was the hardest, it ...

What is your hardest-learned lesson in FX?

Everyone is. However, you will have to do your homework as its a complex play of the liquidity spots that dot your charts.

Why does price make a pullback after a break?

Try and think outside the box and move away from the traditional methods. Find common themes and build on them. Contemplation and insight is invaluable as it demonstrates that you understand whats occuring dynamically. The process is like peeling an ...

Why does price make a pullback after a break?

This is extremely complex and depends on the context. You will have to do the hard yards to get that instinctual grasp of why what is occurring is taking place. It's a bit like riding a bike. Worth the effort as it turns trading into a real skill ...

Why does price make a pullback after a break?

Perfect an understanding of order flow levels and their dynamics and you have it made. Thats whats going on in the opening post.

Why does price make a pullback after a break?

Liquidity is high at US news time and order flow may have been sufficient in this pair as a consequence.

Why did US news affect my GBPAUD trade?

I emphasis the importance of getting to understand your candles. It's all happening in there.

Source for pre-market technical analysis

Most Western jurisdictions allow for loss carry overs. Check with your local tax office.

Forex Tax "Basis Risk"

Absolutely!

How banks push price against you?

Of course, theres the social side to the choice. If you're a good trader, you will get on with most bar a few backstabbers.

career as a professional FX trader for hedge funds, banks, etc