Mark Goals are important and its appropriate that you are thinking this way but the nature of those goals are equally important. Having a daily "pip" target is a huge distraction from what you ought to be focusing on and besides which its rather ...

My Journal Of Beginning Again.

Mark, when you feel ready, start your thread in the journal section. State the purpose of your journal and goal as you see it. Give a little history of your trading thus far and include incidents which you feel are significant. Steve

Show me the money!!!!

Let me say this, I appreciate your humility and honesty. These are rare qualities and for someone to put himself or herself out there, for all to scrutinize, deserves the highest level of respect. As such, I’m willing to get involved and help you as ...

Show me the money!!!!

Quote: Howtotradeforex ….I've just lost a tremendous amount of money over the past few weeks. My plan is to make my money back one pip at a time, then two pips, then three pips and so on until I'm back to even. I think pips and money go hand in ...

Show me the money!!!!

Hi eastmaels, I didn't say it was simple and niether did I say that it was about attitude. Positive thinking or attitude is not going to make you a winner in this game. Anyone who tells you that is incorrect. It may help you but its contribution, ...

Show me the money!!!!

Yes you’re exactly right. I’ve learned the hard way that mistakes and even disasters can happen in an instant. It just takes a bad day, bad frame of mind, half asleep, distractions, wrong button pushed, double tapping keys etc. and catastrophes ...

Show me the money!!!!

If you were a baker and you were responsible for baking 100 muffins in a restaurant each morning, your boss would analyse your performance by the amount of muffins you made relative to your daily quota. He would analyse the quality of your muffinson ...

Show me the money!!!!

Quote.. Nader “…Anyway, I am very happy that you raised this subject, it just means that one of the members is feeling that the tone of the Board have been shifting towards the negative side in debates and discussions rather than the positive, which ...

Muskets again…..

Dial, I work ten hours a day and most of my time is spent waiting for my trade set-ups to occur. This can get pretty boring at times since I don’t share an office with anyone. I do not like the fact, that although I can come to this forum, for some ...

Muskets again…..

WTB is dead right. Learn the basics of market behavior, a little money/risk management and a simple and effective way to trade and that's about all you need. The rest is just a mind game. Point of fact; you do not need to attend four years of ...

Help@ info overload!

Hi nutmg12 I'd like to expand on this just a little further, if I may, because I believe I would be doing you a disservice if I didn't. Recapping: Markets move up, down or sideways (sideways with varying degrees of bias), travelling from extreme to ...

Keeping it Simple

Hi Markets have certain ingrained behaviors which, when recognised, can be expoited for profit. Focus on these and you'll be well on your way to being able to pick and choose what you use for your analysis. Try to get a basic understanding of the ...

Help@ info overload!

Hi, Prices move from extreme to extreme within any given time frame. Between the extremes of the price movement there will naturally exist a "mean price". The mean price zone or area is where your 'whipsaws' will occur, so what you really want is a ...

Keeping it Simple

London is the currency trading capital of the world. So if you want to trade from the U.S., during a U.S. holiday, do it on GMT. Regards, Steve

Trading Forex on a Bank Holiday

Yes. The trade size minimum is $25k so for someone trading 1-2 lot mini's its probably not an option. The commission is .00002 trading currency value with $2.50 minimum each side up to $50k. This is a couple of bucks more expensive when you are ...

Which FX Broker

Yes IB (Interactive Brokers) does vary. I've seen the spread go to five but only for a couple of secs while Oanda was a 7-8 for much more extended periods of time. With FXCM the spread sticks at 5 BUT in reality they are much more because they are ...

Which FX Broker

Interactive Brokers are outstanding. The quotes are very aggessive (four global banks are making markets through them) and its not unusual to see 1 or 2 pip spreads in the Cable. I've compaired both Oanda and FXCM live quotes and by comparison.... ...

Which FX Broker

Thats interesting because, for me, those very "feelings" lead me into impulse trading, skipping trades, not getting out when my stop is hit, adding to a losing position and a whole host of other mistakes, some of which are deadly. Intuitive ...

Reality Check.........