Well it's Monday morning so I guess it's an appropriate time for a depressing topic! ;-) The thing I haven't figured out is if I elect 1256 and say I have the following scenario: Total annual profit: 40,000 Gain: 70,000 Loss: 30,000 Under 1256 am I ...

Forex Taxes

Bought at 1.8931 and set a trailing stop and then stopped out at 1.9029 for a sweet 98 pip profit in less than 15 minutes. Wow! Since I learned to start cutting my losses faster I love forex!!! Squid

NFP Results....

I really like Kathy Lien's book. I liked her combination of technical and fundamental approaches. I just learned a lot from it, but it's definitely not an easy read. Squid

what is the best forex book?

Does the job sound like fun to YOU? Something that will pump you up in the morning? If not, don't take it. Nothing worse than being stiffled in a job because you think it will be good for your career. That's a career killer. Squid

forex careers?

I think this is something we each have to answer for ourselves. What are your criteria for being worth it? For me, even if I don't make money, I find forex is an intellectual challenge. It's like the perfect game and I have to be sharp to beat the ...

How much is forex costing you?

Interesting, Darkstar. I've been reading several of the books that are recommended to newbies on this forum and keep hearing that it's common for top traders to only win on 50% of their trades - some have mentioned even as low as 30%. The point was ...

Psychology, Trading and You

Thanks RoBiK I think I got it now! Squid

Definition of terms?

So the profit factor tells me that on average I will get 2.60 per dollar entered in a trade? I still don't understand what the expected payoff means - how is the expected profitability / unprofitability different than the profit factor?

Definition of terms?

I'm with ya on that one Dane. I am still demo trading and going pretty good (up 40% in 2 months) but I'm still waiting for that big wipeout to see how I handle it. I'm kind of proud too that the only real money flowing out of my wallet right now is ...

Success stories

Sleep is overrated! For years I've gone with 4-5 hours sleep a night on weekdays and then I get a good nap or two on the weekend. Luckily last night I set my stop loss and t/p at exactly the right place for a really sweet profit. Squid

Who is up at 3am EST to trade?

What I don't like is the last candle gapping above the previous long white candle and then failing to follow through. It seems like the bears took over on that last candle and it wasn't able to close above a resistance line. Instead it closed at the ...

Price Action Exercise: What Happened Next?

Was there any way to see the problem with Refco coming? Or did this just surprise everyone. Scary. I guess it pays to have more than one broker. Squid

Forex.com (GAIN) acquiring RefxoFX accounts

I set a buy and stop limit at the highest close and lowest close of the last 7 days. Then I chickened out right before the number came out (cuz I'm a noob) and watched a 90 pip profit I missed. Boooo hooooo. Oh well - I'm still up 102 pips in July. ...

Non-farm Payroll

Bemac, Knowing this, why wouldn't everyone eventually head to Globex instead of Forex? Don't know if I'm getting paranoid, but sure seems like it's hard to get even odds in Forex. Squid

The Global Purpose of FOREX?

Why not try looking at it differently? Every losing trade you're making now has two good things about it. First, it's on a demo so it's not costing you anything. Second, and more important, it is giving you a chance to learn about the mistakes ...

close to quitting...

Which platform? — You don't say which trading platform you're using, but if it's Metatrader, then if you go to account history, right click and select all history you should see it. Squid

Lost trade history?

Thanks, Lou! Good advice.

Japanese Candlestick Charting Techniques - Steve Nison

I think you'll find the demo account really helps. I'd recommend one that uses Metratrader 4. Check out strategybuilderfx.com. I've been at this about two months and at first nothing here made sense. And I really do mean nothing. But by the time I'd ...

Newbie needing recommendations !