I am the same kind of trader, (Techie) but I think that it is important to keep these things in mind. As far as NFP, or other announcements like these, I don't necessarily trade them. Unless, of course, there is an obvious point to get in. Today, I ...

Fast news & Slow news?

Is this the same southernmind that used to sit in globalfx radio room? And by your charts, I see you are getting on to seeing the true power of horizontal support and resistance. Clockwork71

Fibonacci GONE WILD

AMEN. We are all trying to "Trade to live", NOT "LIVE TO TRADE". It is for this exact reason that I do not care about random spikes on server A vs. B. I am not putting Wizard down at all, it's just I prefer longer time frames, to avoid stop hunting, ...

How to profit from your broker

I had a Scottrade account for a few years. Nothing overly exciting, but if you are a long-term investor, I think they would do well for you. (I believe the transaction fee is $7/trade, maybe?) Either way - I never had bad experiences with them.....

Online Stock/Options Broker

I just read this concept, and now my head hurts.

what brokers allow me to exploit FPI?

I am taking 77k. For the same reasons as Mr. Trend. Lucky, lucky.....sevens.

NFP Sweepstakes

This is a great post.

Help for Newbies (Discussion Thread)

DING! DING! DING! We have a winner.....Mr.Green gets his Super Geography Badge. Yes, that is what I meant..... Good discussion though, as it's much more thought out than say......"GBP/JPY is going to the moon....."

I see oil reaching 100 USD?!

Plus, I would like to add two very important words: Canadian Shale. Shale becomes profitable at roughly $70/barrel. Canada had a ridiculously huge deposit. OPEC knows this. (There are estimates that western Canada is roughly as saturated as the ...

I see oil reaching 100 USD?!

I agree with this post. And all the others as well. When you are ready, try EUR/CHF. Also, demo it first. It has it's own feel, like 90 year-olds running a marathon. Clockwork

Currency Pair For The Newbie

David - What you say makes sense, and yes....I would agree typically. Except GBP/JPY scares the hell out of a lot of traders, and especially new traders. And the part about a broker offering micro-lots, it's a must. (You cannot practice true money ...

as a new trader.........

True, but the point of those two correlated pairs is that it's more ANTI-DOLLAR recently. Ok, fine......NZD/USD? Or if you want a real education, you could try something fun like ISL/USD

as a new trader.........

I would submit that 1,2,or even 3 are fine. However, I would make sure they aren't connected. This way, you can see how different pairs act. For example, if you were doing EUR/USD and USD/CHF, they move in opposite directions about 99.99% of the ...

as a new trader.........

$2,000 starting account balance 2% every week do this for 10 years = $51 million and some change. (I think, I dont have the exact amount in front of me.) The point is this: You can really make a hell of a living if you are shooting for reasonable ...

Help for Newbies (Discussion Thread)

In my opinion, shorter time frames will get you killed. Too many of us are lured into this by the thought of making $12,000 in minutes. Not many of us realize you could also lose that money in the same time. Here's something that might interest you: ...

Help for Newbies (Discussion Thread)

Omsai - I highly recommend the James16 stuff. I was having problems before I found it. Also, he shows how to define support and resistance. S/R lines and formations in themselves can be deadly accurate at times. Read through that thread, you will ...

Help for Newbies (Discussion Thread)

I would recommend "The adventures of a currency trader" by Rob Booker. It's an easy read, and it has more of a "moral lesson" to it. I flew through it twice, I really loved it. As far as Technical Analysis is concerned, I defer to Peter, as my ...

Books for Beginners

Rking - I like James16 Price Action, it has changed my trading around. But.....to be honest, there are a ton of things that work.....it's discipline that will keep you in the game. Sometimes you shouldn't trade. And trust me, sometimes I still make ...

Do i need to be a maths genius?

The point it this....I have a couple of types of trades I look for, and when they don't show.....it is at that point it becomes gambling. Chris

Best trade of the day.