One thing is for sure, and every experienced trader agrees on this: the markets do have a slight component of randomness that just cannot be factored into the equation. It's like the zero square in a rulette. That's why no trader has a 100% win/loss ...

Is Forex really gambling

Playing poker has NOTHING to do with gambling. However, as a relatively frequent poker player, I reckon that poker and trading have many elements in common: the mind-set and emotions are more important than the technique itself.

Is Forex really gambling

You can achieve 10% a month if you can manage to make 200 pips a month and never risking more than 3% of your account per trade. It's all about consistancy and discipline to wait for the very best set ups. Those less-than-optimum entries are what ...

What is your monthly target?

During strong trends, I'd be very cautious to trade the VWB model. In my opinion, it works best in ranging or mildly trending markets, but in heavily trending markets it's risky because pullbacks off extreme fib lines seldom reach the tunnel before ...

Vegas Wealth Builder - Part I

Bernake said that stopping/continueing the rate hikes would depend entirely upon upcomming fundamental data. CPI was above expected, which is another tick to the "keep rising rates" list, and thus dollar-bullish. I have said it before and I repeat ...

CPI and Core CPI

Trendline, of course. Trendlines are king in my book.

EURUSD

BoJ is indeed tricky and takes a more active role in the markets than other central banks in order to keep the Yen where they moreless want it to be according to their needs. That being said, I do trade the Yen.

Trading JPY pairs

My friend, you refuse to take the advices from more experienced traders here and keep on doing what you shouldnt be doing. Up to you, it's your loss (pun intended).

What do you think, Usd/Cad up?

Interest rates, and fundamentals that might push the Central Banks to alter their rates-policy. All the other fundamentals are just intraday noise.

what's the matter with the USD???

10% month on average.

What is your monthly target?

Interest rates, my friend, it's all about interest rates cycles. USD has, apparently, reached the end of the rates hikes. Just like we saw a long dollar rally during 2005 when the Fed went through their non-stop rate-climbing proccess, now it seems ...

what's the matter with the USD???

First of all, it is indeed TRUE that not everyone is cut to trade, just like not everyone is cut to be a designer because there are people who just dont have any artistic touch whatsoever. Now, if that is not the case, you must understand that ...

I'm crashed today.

UUUFFFF Thanks God I dont trade fundamentals!

die young

Mudd, why did you go 26" HDTV? they seem to offer very limited resolution compared to 23" TFT monitors.

Show your workstation!

See Pablo? dont try to predict tops and bottoms. Trading is about "re-action" as opossed to "prediction".

What do you think, Usd/Cad up?

Am I the only one who got stopped out at B/E on both EURUSD and GBPUSD?

VWVB Daily Chart Analysis

Mrmikal, I agree with you in that demo-trading doesnt deliver the emotional rush of real money trading. That's why I stated above that treating your demo trades very seriously is crucial. The trainee must understand that those trades are meaningful. ...

How much time did it take you to make progress?

Things finally began to click in about 1 year after I began, but I dedicated myself to it full time (8 hours/day minimum). I "wasted" the first months switching from system to system and experimenting with ever-so-complex indicators, until I decided ...

How much time did it take you to make progress?

LOL well done mate, never seen that before!

Negative balance on real account

Sorry SMJ, I wont say the name of the brokers, I dont want to risk getting myself into troubles in case my statements are not correct. My advice is: create demo accounts on the most commonly known forex retail brokers and another one in Oanda. ...

Joe Ross / When Not To Trade FX