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mlawson71
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Fun on MyfxBook
in
General
Nov 10, 2017 at 15:33
https://www.myfxbook.com/files/mlawson71/C3bZJZoWQAA8VF0.jpg:D
Tips and tricks!
in
New Traders
Nov 09, 2017 at 15:29
How do you define "proper trading" though? And how would a newbie know who to trust to train them?
EUR/GBP
in
New Traders
Nov 09, 2017 at 15:27
It looks like it will reach 0.8900 after all. Too late for me to open longs, but I may short at 0.8900.
Importance of demo trading
in
New Traders
Nov 08, 2017 at 16:14
You're welcome. I am glad I was able to provide some support. :)
Tips and tricks!
in
New Traders
Nov 08, 2017 at 16:12
I am not sure that all traders, especially newbies realize all the risks. As a newbie I certainly didn't, come to think about it. Becoming aware of them was a long and often painful process.
EUR/GBP
in
New Traders
Nov 08, 2017 at 16:11
The pair rallied just high enough to reach my TP at 0.8860😲. I still think it may continue rising, but I won't be opening any more longs for now.
Tips and tricks!
in
New Traders
Nov 07, 2017 at 15:49
If it even goes into profitable territory. With my luck gaps usually just lead to losses. 😕
EUR/GBP
in
New Traders
Nov 07, 2017 at 15:47
I opened a long position, my TP is at 0.8860. It's possible to reach 0.8890, but I prefer not to take that risk.
Binary Options Scam Broker (Need Help!)
in
General
Nov 06, 2017 at 15:17
South Africa’s financial services provider and markets regulator, the Financial Services Board (FSB) has issued a warning against the binary options broker Stockpair. (https://www.forexbrokerz.com/news/South-Africas-FSB-blacklists-binary-options-broker-Stockpair)According to FSB a South African client has complained that he could not withdraw his funds from Stockpair. The company is not licensed and regulated in South Africa and instead is registered offshore.
Tips and tricks!
in
New Traders
Nov 06, 2017 at 15:12
Good point. I rarely do that too - my fear is, among other things - that the instrument I am trading could open with a gap in either direction. Sometimes those gaps end up pretty large.
EUR/GBP
in
New Traders
Nov 06, 2017 at 15:10
I too gave up on that idea about opening a long. And I also waited too long and now it's late to open a short too, I think, although I also think it will fall back to 0.8740.
Tips and tricks!
in
New Traders
Nov 05, 2017 at 13:45
I've noticed that too. A similar thing seems to occur at the end of the market session on Friday night.
EUR/GBP
in
New Traders
Nov 05, 2017 at 13:44
True. I'll probably open a long at the beginning of next week.
Tips and tricks!
in
New Traders
Nov 04, 2017 at 13:36
That's a good tip and I agree - usually the first hour is either too volatile or not nearly volatile enough.
EUR/GBP
in
New Traders
Nov 04, 2017 at 13:31
I shorted at 0.8920 and closed it Friday evening before market close. I'm just annoyed I missed the rally before that.
Risk and Forex
in
New Traders
Nov 03, 2017 at 15:39
Proper risk management is vital for any forex trader. Here is a basic explanation how to manage one’s risk (https://www.forexbrokerz.com/news/forex-risk-management) After all, no matter what one’s trading strategy is, it is bound to run in a series of losing trades. If a trader does not control their exposure during them, they may end up with serious losses. And here is the principle which some beginners may not understand: The first step towards making money in the forex market, is to stop losing.
Newbie ans strategy
in
New Traders
Nov 03, 2017 at 15:37
Because everyone would be executing the same positions at the same time. Forex only works if there are people who profit and people who lose.
Can't Look Away From My Trades
in
General
Nov 03, 2017 at 15:36
Someone recently advised me to make the bullish and bearish candles almost the same colour too - or even the same colour - so they wouldn't stress me out as much. I am testing that theory at the moment and I think it works, at least partially.
Can't Look Away From My Trades
in
General
Nov 01, 2017 at 15:05
I still have that problem after years of trading and I haven't figured out how to fix it beyond trying to open as short-term positions as I can so I don't stay stuck to the screen all day, or, worse, all night long. 😕
EUR/GBP
in
New Traders
Nov 01, 2017 at 15:02
I shorted at 0.8810 and I am now considering whether to close it or set a TP at 0.8740.
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