I've got 15 months trading fx under my belt. Almost nobody on FF has experience because almost everybody washes out. Trading currency is so tough you might as well be trying to play pro sports for a living. Your odds of making it full time, trading ...

Your Trading Experience

I've read several books on trading and I got limited use out of it. I think information overload can happen. I found a strategy that works for me with minor success and I found it by sitting in front of my computer and trying different strategies I ...

Can reading too many books be bad?

I had to go to elitetrader to get the name of this site, i'd forgotten it. Go to netdania, click on chartstation on the left side menu, scroll down and click on try demo. You'll see a window with 4 small charts in it. There's a thumbtack icon at the ...

Best Chart Website

I only trade the EUR/USD.

Specializing in a certain pair

The way I think of it is; if everyone is long there's no one left to buy so the price collapses until new buyers are willing to step in. I like the bridge analogy too. Another way to think of it is there's two sides to every trade. For every long ...

If more and more people long, is it likely moving up?

Conventional wisdom says you never add to a losing position. I add to losing positions all the time. I'm only marginally profitable though, there are definitely more knowledgeable people on here than me. Here's some other conventional wisdom I don't ...

Do You Ever Double Down?

I agree, candlesticks are one of your primary tools as a technical trader. I'd especially use them on the USD/JPY seeing as they're japanese candlesticks. I think you should just use the main ones though. Like bullish piercing, dark cloud cover, ...

How important is knowing Candlestick?

I trade in a contrarian fashion, short term off a 5 min. I like it because i'm in and out of trades, usually within 30 minutes. I also don't have to sit around waiting for setups, there's always another one around the corner. I had a proven fx ...

Is The Trend Really Your Friend?

I was taught if you trade news releases you need a fixed spread. I use Oanda, it's variable but typically the spread is 1.5 on the EUR/USD.

Fixed or Varaible spreads?

There's no doubt happiness comes from within, items can't make you happy and people can't make you happy. You make you happy. It takes work too, i'm not spontaneously happy all the time, I make an effort.

No Requirements to Be Happy

The biggest advantage to trading is all you have to do is sit at your desk and click your mouse to do business. The big obstacle is you have to fully immerse yourself or you won't make it. Even then you probably won't make it.

What are the disadvantages of Forex trading?

The EUR/USD is definitely due for a pullback. I think it's gotta head back up to test the all time highs eventually.

What's your opinion on USD? Recession?

Ya I see they tag on $5 per 100k traded if I read that right.

What broker has the tightest spreads?

cesarnc, thanks for posting that system.

Microtrading the 1 minute chart

I hope he beats it. — The IRS can bite my beanbag. Lets get the FairTax already so these punks aren't raiding our damn paychecks before we even get em.

News on Larry Williams

Lets say you're trading this system on the 5 min chart. How many points would you try for? Where would you set your stop?

The Scalper Setup

Oanda is my broker and I only have 50:1 I wish it was atleast 100:1 but the tight spreads are more important to me.

Is 400:1 leverage better than 100:1?

I trade because it's tough as hell and I want to be one of the ones who can do it. Plus I like it.

Why do I trade Forex