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 I occasionally drop in on a couple of the Forex forums out there to find out where beginning Forex traders need help and I try to answer questions when I can give a good response. One of the questions that comes up often has to do with calculating risk. There is a lot of [...]  Trading Forex can seem like a tightrope walk sometimes. You are always balancing between taking the profit you’ve got and hanging on for more. One false move and you could die! OK, I got a little carried away…it’s dangerous, but it’s not “falling hundreds of feet to your death” dangerous. If you have never [...]  This post is a little experiment in making my trade reviews more interesting. I found myself falling asleep yesterday doing my own trade review. Yeah, doing my own review! If I can’t even sit through my own trade reviews, how can I expect you to? But I don’t feel too bad. I have seen [...]  My biggest pet peeve by far, when it comes to the Forex market, is all of the scams that people try to pull. Forex is one of the best markets to trade and these slimeballs take people’s money before they ever have a chance at becoming successful. The reason that there are so many [...]  Happy New Year! This is going to be a great year… Well, I didn’t have to wait long to get a trade setup this year. Another trade setup in the Wallaby and I took it. This trade was a little different from other Wallaby trades in that I actually added to the position because [...]  In the past, I had a tendency to not pay attention to the charts immediately after I closed a trade. That meant losing out on some excellent opportunities that would have made up for a loss or added more profit to a winning trade. I’m not exactly sure why that was, but I have [...]  It has been awhile since I posted a trade, but there hasn’t been much to report. As I mentioned in a previous post, my trades haven’t been setting up so I have just been waiting around. It is just as well because the holidays have kept me a little busier than usual. This trade [...]  As you have seen from my Wallaby posts, I have been using a demo account to track my real-time trading results in the EURUSD. However, when I logged in last week, I was disappointed to find out that my demo account had been closed. Crap. I chose IBFX to demo trade with because as [...]  I have received a couple of questions this week asking if I am still trading. The short answer is yes, I look at the charts daily. The reason that I have not been blogging trades is that my setups have not been hit this month. Actually, it did go off once, but I wasn’t [...]  I was talking to one of my friends who trades stocks and he mentioned that he watches the stocks that he is trading on Twitter to see what people are saying about those stocks. Then he uses that as a gauge for market sentiment and is one of the factors that he takes into [...]  Hello Traders, Hope you are doing well during this hectic holiday season. If you are not trading well and wonder what you can do to improve your trading, the first thing I always recommend is doing some serious backtesting. Doing this will not guarantee your success of course, but it will put you way [...]  I have been on Google+ for a few months now and I must admit that I like it better than Facebook. I still use Facebook because it is the 800 pound Gorilla of social media, but G+ does deliver a different and I would argue, better experience. First of all, there isn’t as much [...] |
 
     
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax adviser if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Click here to read the complete disclosure statement. Compensation Disclosure: Links on this page may be affiliate links in which the owner of this website receives financial compensation if purchases are made through the links. | ||||||||||
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