Bump! Any update on this issue? Still stuck at AUDUSD pops above....???

news.efxnow.com commentary

The only question I have is: Are all of those countries who hold US dollar reserves interested in liquidating their positions when the dollar is this weak? I myself hold a bunch of US treasury bonds and I am not going to redeem them now when ...

EURUSD

I thought the big banks got to know the news WAY AHEAD of the public... Pulling liquidity out of the markets??? That's what traders who don't know what to expect from the release are doing...I think big banks increase liquidity during economic ...

Early spikes before news time

If you take a look at the econ calendar that's why FOREX looked dead today. Expect some volatility as early as tomorrow 2pm ET.

Why is trading so dead today (6/11/07)

Here is my take on trendlines. Like moving averages, they provide a good visual help as to where the main trend is heading. I would recommend using trendlines on higher timeframes like daily or weekly. Anything below that is less reliable. I tried ...

Steviet's Live Trades!

Dear Stevie You are getting on the right track. Well done and stay positive. IS

Steviet's Live Trades!

Here are some of the key requirements recruiters are looking for: - Age. Must be below 24 for Bachelor Degree holders and below 28 for MBA holders. - Quantitative background. Investment banks look for quantitative guys possibly with a computer ...

Getting a professional Forex trading job

Hi Euro at 1.50 would have ENORMOUS implications worldwide. We are talking about the two most liquid currencies in the world here, and I just can't see the Euro being worth $1.50 with respect to both economies. Just wait until the European economy ...

EURUSD

I hope you guys are joking about the EURO hitting 1.50. Whoever believes the Euro will get that strong against the greenback, he must also believe that the EU will become the world leading economy and the US will be lagging behind Europe. If you ...

EURUSD

Well said. All traders feel some stress and pressure while performing. What we must do as traders is to eliminate negative stress and develop it into positive stress. IS

Lessons by Joe Ross

Bingo. You must develop a certain routine to get you mentally ready for trading. Little things as well as big things. Your life must be very well balanced and whenever some problems occur that may distract you from trading, take days off. If you are ...

Steviet's Live Trades!

Maybe yes, maybe no. The bottom line is that you can't depend on a single cross to make money or reduce losses. As you stated, something went bad. And you ought to fix it because your job as a trader is to make money and not lose money. I am sure ...

Steviet's Live Trades!

If you really are looking for a mentor to guide you step-by-step, you can't expect him to do it for free. Keep in mind that your ideal mentor should be a very profitable trader with an unquestionable track record whose trading style is the same you ...

Looking for a mentor

Nice article, it was a great read. Thanks. IS

The Yield Curve

Scaling in and adding to a losing position is simply another way to position size yourself at better prices AS LONG AS the main reasons behind the trade remain intact. Let's say you would like to put up a 2-contract position in a long trade. Unless ...

Scaling out of losing trades...

That's a good quality in a trader. Determination is the key. Just focus on the things you have control of and discard the things you have no control of. IS

Steviet's Live Trades!

Agree. The most difficult part is to understand when it's time to add, how much longer to keep adding, when to take the loss and when to reverse the position. Professional traders with large funds operate this way. I believe market makers do that ...

Scaling out of losing trades...

What about entering the position with 1 contract and adding to the position at S1, S2 and S3?

Scaling out of losing trades...

Hi Stevie I believe it all comes down to what your objective is for your first year as a trader. The fact that you've been learning for free without damaging your initial capital already is very successful. This is good. Nevertheless, almost all the ...

Steviet's Live Trades!

If you are depressed, go see a shrink before you engage yourself into trading real money. Depression is a serious illness and you need to take care of it because it affects everything in your private life. Forget about trading for a while, you need ...

Please help. I need someone to kick me in the ass.