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Hot4Pips commented Aug 22, 2012Yes people trade on emotions. I love it, it's very profitable to be on the other side
Many on FOMC Favored Easing Soon If No Sustained Growth Pickup
- Hot4Pips commented Aug 21, 2012
usd/cad breaks .99 Fan... Good call
USD/CAD Maintains Bearish Stance Just Above 0.98, the 2012-Support Pivot
- Hot4Pips commented Aug 12, 2012
my 4 hour chart has been showing a bullish bias. wait let me check the 5 min. oh yeah that's bearish. oops the 15 is bullish.. the 30 is bearish... My 1 hour chart still shows "some" bullish bias. EVERY CHART I LOOK AT SHOWS "SOME BEARISH BIAS" ...
USD/JPY remains directionless with bearish bias
- Hot4Pips commented Aug 10, 2012
Seems to have lost steam on the downward push, the technicals look good for a bullish run next week, and the fundamentals would seem to suggest a push up (although this should have happened today in my uneducated opinion). We will just have to wait ...
Can’t keep a good Loonie down
- Hot4Pips commented Aug 10, 2012
9.2 up from 7.2 on the unemployment rate seems like a typographical error especially when you consider that Canada's high rate was 8.7 back in Oct. 2009.
Nomura Expects A Strikingly Ugly Canadian Jobs Report On Friday Citing Seasonality
- Hot4Pips commented Aug 9, 2012
On June 1st when usd/jpy dipped below the 78.6 daily fib retrace the price shot up over 100 pips in a matter of minutes. That fib level was just under 78 yen, and since the recent downturn usd/jpy has only traded under 78 for very small bursts only. ...
USDJPY & AUDJPY: Everyone On One Side Of The Boat
- Hot4Pips commented Aug 7, 2012
yeah get down... buy yen.. sell usd/jpy when it hits 78 again and see where that gets you
Time to Sell Yen: Strategist
- Hot4Pips commented Aug 4, 2012
Wow, 34 million. You are a truly impressive man Phil.
3 Reasons Why Demo Trading is Killing You
- Hot4Pips commented Aug 4, 2012
I did say "with sound money management". Your willingness to disagree overrides about ability read and understand my meaning. Nothing wrong with disagreeing but please don't twist it to boost your ego. About 95% (ish) of my trades only carry a 1 to ...
3 Reasons Why Demo Trading is Killing You
- Hot4Pips commented Aug 4, 2012
Why is it that most people assume they will lose everything without first trading for an extended amount of time on a demo account? Trading has been going on for thousands of years and demo accounts have only been around for a few years. Do you ...
3 Reasons Why Demo Trading is Killing You
- Hot4Pips commented Aug 4, 2012
You obviously missed the point of my post. Nobody needs to trade on a demo account to learn strategy. Demos just give you false confidence on your wins and the ability to let losses go without learning a lesson from them. Although I do believe that ...
3 Reasons Why Demo Trading is Killing You
- Hot4Pips commented Aug 4, 2012
No man it was a joke.. for fun
3 Reasons Why Demo Trading is Killing You
- Hot4Pips commented Aug 4, 2012
Hell yeah!.. All in or nothing! Bet the farm!
3 Reasons Why Demo Trading is Killing You
- Hot4Pips commented Aug 4, 2012
As it should be a job. As far as boring goes, I am far from bored. I am passionate about trading. The charts tell me a story, and they always have new, exciting scenes that I haven't seen before. I hope you can find passion in something if not in ...
3 Reasons Why Demo Trading is Killing You
- Hot4Pips commented Aug 4, 2012
Exactly right Yao. Forex is not fast money. But if we can get our heads straight and make a small profit it beats anything we can expect from putting our money in a savings account. It's not hard to make small profits in Forex, and it's possible to ...
3 Reasons Why Demo Trading is Killing You
- Hot4Pips commented Aug 4, 2012
And without that complete feeling you will never find your potential as a trader. And you will never know what real profit means. It not win/win.. It's a balance in your favor between the wins and losses, and know how to deal with both.
3 Reasons Why Demo Trading is Killing You
- Hot4Pips commented Aug 4, 2012
I will agree that demo's are a good tool for learning a specific trading platform. As far as real trading goes... If traders don't learn how to check their emotions during a losing trade they will continue to move their stops in hopes that the ...
3 Reasons Why Demo Trading is Killing You
- Hot4Pips commented Aug 4, 2012
This is exactly what I was talking about. Someone who blames the market. An obvious loser with a grudge.
3 Reasons Why Demo Trading is Killing You
- Hot4Pips commented Aug 3, 2012
Demo trading is a complete waste of time. You are better off trading micro-lots and leaning to lose a little money. Learning to lose a predetermined amount of real money (with sound money management) is the key to success. Watch the charts as your ...
3 Reasons Why Demo Trading is Killing You
- Hot4Pips commented Aug 2, 2012
Draghi reminded us that “implementation takes time”... Good enough for me.. I'm long euro Draghi. I want your dream to be realized. And for my benefit I hope other want the same.
Draghi allows time for eurozone politics to prepare for Spanish bail-out