Speaking about a 7k loss.... What you think about this guy? url

I lost 7k dollars and I am in a massive pain

Let's look at a practical example: Let's say EUR/USD is at 1.3500. You enter a 1 Lot Long Position at 1.3500. Now because of the spread and the commissions, you are immediatly in the red, the bid price might be 1.34995 minus commissions the bid ...

Real Reasons why Retail Traders lose money

Bullish here as well. EURUSD seem to have found it's low at 1.3537. Pressure in the last half hour is UP. Now enough retailers seem to have opened their shorts, so i'm bullish as those short trades will get stopped out we might see 1.3600 today. ...

EURUSD

Agree 100%. That's what I basically described in my first post under Point 5, Unrealistic Expectations But let me ask you this question: Lets say you look for a target of 5% per year - which is a realistic target. Wouldn't it make more sense to ...

Real Reasons why Retail Traders lose money

Well, first of all, 7k is not a big loss. I mean, over the years, I lost about 80k with forex trading. Not with one trade, but if you count all losses together it will be about 80k. Someone who was in the same Seminar as I was told me he lost 190k ...

I lost 7k dollars and I am in a massive pain

Selling furniture or making cabinets is definately worthier.

Real Reasons why Retail Traders lose money

The first post in this Topic so far that really make sense to me. Glad to finally see someone knows what he's talking about. However, just saying that it does not work is not enough. Whats are the alternatives? I see the following three ...

Real Reasons why Retail Traders lose money

I would be cautious with those prop Traders; only very very few of them are profitable. A list has been released with the results of a prop trading I think it was in 2007, can't find the link right now. Of 200 Traders, only about 10 or 20 were in ...

Real Reasons why Retail Traders lose money

My advice: Stop trading ASAP and do something reasonable.

I lost 7k dollars and I am in a massive pain

Well if you would give me a (honest, non-bucketshop) Broker with Zero spread, I would be a Millionaire in two years. Without the spread it would be very easy to make money in Forex. The spread is like the Zero in Roulette, of course the Houses don't ...

Is there a broker without any spread, just commission?

No it's not possible. Think about it: 10 to 20% per month, that would be over 100% per year. No one does that Profit, nobody ever has, nobody ever will. The best of the best make 20-30% per year, which is very high. Why should you be better than the ...

Earning 10-20% per month on 10k capital: Realistic?

EURUSD again heavily supported. We might see 1.3950 in a couple of hours

EURUSD

Very special move for a day with no news Releases... very unusual. Something stinks. Maybe we will go down sharply

EURUSD

Yeah, we could see 1.3860 within the next hour

EURUSD

I'm gonna short this thing now. Price Target: 1.384

EURUSD

I expect Prices between 1.3950 and 1.3970 right after the release

EURUSD

I disagree. I use Pepperstone every day on a intraday basis (profitable), and never got any issues. The problem with this thread is that it could lead to the conclusion that pepperstone is playing tricks or is a bad broker, which is simply untrue. I ...

Pepperstone playing tricks?

Well what's very important to remember ist that if somebody is really capable of performing 10% a month, would never participate in those nonsense threads here in this Forum, let alone discuss any strategies. Why would he? This Forum is full of ...

In FOREX, is 10% return per month good enough?

If that's the case, why did you sign up as a customer? I mean, there are so many good Brokers around, why sign up with the worst?

Broker asking for changed MT4 password to intervene