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mlawson71
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Posts by
mlawson71
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What do you wish to achieve through forex?
in
New Traders
Mar 15, 2017 at 11:35
Three? Do you count sideways consolidations as a separate direction?
Beginners - Kill your emotions
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New Traders
Mar 14, 2017 at 11:29
I agree. The best way - the only way, if you ask me - to learn Forex (as well as anything else, really) is to watch the professionals do it, try to imititate them to the best of your ability and practice, practice, practice. The more you practice, the easier it will become.
EUR/GBP
in
New Traders
Mar 14, 2017 at 11:26
With all the news coming out this week I too have closed all my positions for now and I'm waiting. Better to be safe than sorry.
MetaQuotes stops developing MT4
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General
Mar 13, 2017 at 11:51
True, they don’t seem to have abandoned Metatrader 4 completely after all. MetaQuotes said it has launched a coupon service for users of the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.The new service enables brokers to support clients who wish to purchase applications and services for the platforms. (https://smnweekly.com/2017/03/02/metaquotes-launches-free-coupons-for-paid-mt-services/)Traders can receive from their brokers coupons and use them to try for free MetaTrader services that are otherwise paid.
Best pairs to start? newbie here...
in
New Traders
Mar 13, 2017 at 11:50
Trading one's own currency isn't always the best of ideas, depending on where the trader lives. They could be trading one of the exotic pairs, and that is not always easy.
EUR/GBP
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New Traders
Mar 13, 2017 at 11:47
I know, I was just embarrassed.Anyway, I decided to short earlier after all. My TP is at 0.8710.
Best pairs to start? newbie here...
in
New Traders
Mar 12, 2017 at 12:46
Frankly, lately I haven’t been trading GBP/USD much either, it’s terribly dependent on politics.
EUR/GBP
in
New Traders
Mar 12, 2017 at 12:43
That should have been “before I consider opening shorts”. I can’t believe I conflated the two, sorry. I was definitely referring to short positions.😳
What do you wish to achieve through forex?
in
New Traders
Mar 11, 2017 at 11:23
That is the big “if”, isn’t it? Figuring how when to place a trade and in what direction.
EUR/GBP
in
New Traders
Mar 11, 2017 at 11:20
I think I’d wait until it climbs near 0.8850 before I consider opening longs.
The US disables the FXCM broker.
in
General
Mar 10, 2017 at 13:24
They also paid another $650,000 settling a court case brought on by the CTFC in relation for undercapitalization in connection to the January 2015 Swiss franc volatility event. (https://www.forexbrokerz.com/news/FXCM-pays-650-K-CFTC-fine-for-2015-undercapitalization) The CFTC action also concerns the negative-balance protection of FXCM prior to January 2015, which is no longer available.
EUR/GBP
in
New Traders
Mar 10, 2017 at 13:21
It’s well above 0.87 now, I think it will reach 0.88 with ease.
Fun on MyfxBook
in
General
Mar 10, 2017 at 13:19
Hahahah, his hair! That’s brilliant!😁😁😁
What do you wish to achieve through forex?
in
New Traders
Mar 08, 2017 at 12:12
It’s important to have a trading plan, period. And that plan should include when is the best time for one to trade.
EUR/GBP
in
New Traders
Mar 08, 2017 at 12:12
We don’t even know when the exit date will be though. Or did they set it?😕
What do you wish to achieve through forex?
in
New Traders
Mar 07, 2017 at 12:59
Most importantly, that’s the safest possible approach.
EUR/GBP
in
New Traders
Mar 07, 2017 at 12:58
I agree, it’s time for longs. I think it may climb way above 0.8700.
HOW TO CHOOSE A GOOD BROKER?
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New Traders
Mar 06, 2017 at 12:58
After the Financial Conduct Authority capped leverage to 1;50 and banned trading bonuses in the UK, now the Irish financial watchdog follows suit. In order to protect the interests of retail clients, the Central Bank of Ireland (CBI) is considering two options in relation to the distribution of CFDs: To ban the sale of CFDs to retail clients altogether, or to introduce enhanced investor protection measures. (https://www.forexbrokerz.com/news/Ireland-follows-suit,-proposes-restrictive-measures-for-CFD-trading) In the consultation paper issued by CBI on Monday, interested parties are invited to ...
What do you wish to achieve through forex?
in
New Traders
Mar 06, 2017 at 12:55
I view news events as showtime, to be honest. The kind that requires a bowl of popcorn. I don’t really have the courage to trade them, I just sit back and watch the show. 😳
EUR/GBP
in
New Traders
Mar 06, 2017 at 12:53
@CrazyTrader I was seeing a double top on the 1-hour time frame. Often such patterns are a prelude for a short-term retracement. Sorry, I should’ve specified. Either way, it’s not a double top anymore, the pair climbed above it.
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