A bank or hedge fund employs different types of traders. There are execution only traders that enter trades based upon complex algorithms designed by quantitative analysts and developers. These guys are not paid anywhere near as well as say the ...

How do the Pro's Trade

Currenex is a broker dependent platform. You cannot open an account with Currenex. You need to find a broker such as ODL who offer Currenex. Usually you need at least $50k to open an account if you want to use Currenex. Say for example you use ODL ...

What is Currenex?

Well I am not sure that I would recommend a specific way to trade. Each trader is different as to what style or method is most suited to them. What I would suggest though is that as you are still in the demo phase then experiment with a few ideas ...

In fundamental analisys sufficient

Great journal Hilmy83!

100 Trades Analysis

I think you will find that trading this way in a live account is totally different than using a demo. I would not suggest trading this way but I know that there are those on this forum who love trading the news so if you got the stomach for it then ...

In fundamental analisys sufficient

Significant news events has a way or rendering technical set ups redundant. As you state if you are in the money by 75 pips or so then you are not overly affected. I don't enter any new trades directly before any significant news event or directly ...

Fundamentals keep screwing my purely Technical strategy

There is no correct answer here - some traders just trade one pair while other may trade several. But let me try and help you a little here... You mention that often times on the majors signals are generated at the same time and you end up not ...

Specializing in a certain pair

You are correct this would not be an advisable trade to take from a risk/reward basis. Monaco

Stop Loss and Take profit question

Your broker should have a help section that will tell you how to set up different kinds of orders. To execute what you describe above I would set up a limit order to buy at 117.00 and link that order that if executed triggers an OCO (One Cancels ...

Stop Loss and Take profit question

I would agree with others that Oanda is perfect for beginners and here's why: 1. The spreads are tighter than most retail brokers 2. They pay interest on your account 3. They allow you to trade very small units 4. If you do hold a trade overnight I ...

best broker for beginners?

I think you have received some good replies to your issues that you face. First of all I think that you have done well in your first year of trading if you are consistently taking 100 pips out of the market each month - that is a very good start to ...

Making the next step ..

Here is some interesting info I was reading about Hedge Funds and leverage...can't remember the source so I cant quote it verbatim but it was something like this... The average hedge fund that uses leverage (not all do) use between 2 to 1 and 5 to ...

Is 400:1 leverage better than 100:1?

The difficulty with 10 pip targets and 15 pip stops is that there is a required win/loss ratio of 6 out of 10 to just break even (transaction costs not included). My opinion would be that the mathematics is stacked against you every time you are ...

O.K. So Here Is My Question

Well I am sorry to hear about your experiences in forex trading and as you are aware you are by no means in the minority with your experiences. The first thing I would say is immediately stop trading. You have not said that much regarding how you ...

Does exist profitable system?

Bloomberg or Reuters have API but will cost alot - Bloomberg is $1700 per month with 2 year minimum contract and Reuters is a little cheaper I think.

Good source for Fundementals/News

This is an excellent point. Automated back testing certainly has its limitations. Great start to the new blog Kathy & Boris - also sharing your reasons behind taking the trades you have chosen is also very helpful for people wanting to learn and to ...

Traders Needed for New Book!

Trading breakouts of the GBP/USD offers some of the best trading opportunities in forex in my opinion especially at the beginning of the European session. Volatility is good when trading range breakouts. Fake breakouts will always happen on occasion ...

EUR or GBP Which is the most profitable pair for a Novice

Trading demos accounts is like having a virtual girlfriend - it is not real !! Most people say that at least 80% of trading is psychological - and this dynamic cannot be experienced trading paper money. Therefore by trading extended periods with a ...

Success with Demo Account

This is from the FAQ's on FXMarketspace website: Q: Will FXMarketSpace be available to retail investors? A: FXMarketSpace will be an institutional trading platform, not open to "retail" participants. In general, market participants would have to ...

Centrally-Cleared FX MarketPlace

New Calculator — Sorry folks - the calculator in the original post had some calculation errors that I just noticed. New one without errors is attached. It is just a simple calculator that enables you to see the drawdown effect on your ...

Risk Management - Worst Case Scenario Calculator (zip file)