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mlawson71
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Posts by
mlawson71
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Fun on MyfxBook
in
General
Feb 24, 2017 at 12:36
http://www.myfxbook.com/files/mlawson71/fxmrbean.jpgI actually downright cackled when I saw this one.😁
What do you wish to achieve through forex?
in
New Traders
Feb 22, 2017 at 14:08
Someone told me once that nothing good is ever easy and they were right.
EUR/GBP
in
New Traders
Feb 22, 2017 at 14:08
I opened a long at 0.8420, my TP is at 0.8460.
Psychology of Forex Trading
in
General
Feb 21, 2017 at 12:28
It also requires the kind of account size very few people in the world have access to.
I love Gold Only
in
General
Feb 21, 2017 at 12:27
I have a short position with TP at 1,221. I might as well use the range, if possible.
What do you wish to achieve through forex?
in
New Traders
Feb 20, 2017 at 11:48
Those are pretty much everyone’s goals when we start trading. I wish they were easier to achieve.
HOW TO CHOOSE A GOOD BROKER?
in
New Traders
Feb 20, 2017 at 11:45
I agree. However, I am not sure what their definition is for an “inexperienced trader”. Less than one year of experience? More?That said, it could be worse. Turkey also recently decided to crack down on Forex brokers and introduced new rules – 1:10 leverage for all traders and a shocking, if you ask me, $13,500 (TRY 50K) minimum deposit without which a trader can’t even open new positions. (https://smnweekly.com/2017/02/10/turkey-restricts-retail-leveraged-forex-trading-to-clients-with-50k-deposit-cuts-leverage-to-max-501/) Their they had mandated 100:1 leverage before ...
EUR/GBP
in
New Traders
Feb 20, 2017 at 11:38
Things have been this dependent on news at least for the past year, if not always. We just have to learn to deal with it, unfortunately.😞
Is demo trading enough before real account?
in
New Traders
Feb 19, 2017 at 12:52
I think that there’s one thing that needs to be pointed out here – demo account has to be enough before one moves onto a live account, because there’s little else a newbie trader can do, as far as I know.
GBP/USD GBP/JPY
in
General
Feb 19, 2017 at 12:50
Do you think GBP/JPY will remain bearish next week?
D1 and higher
in
New Traders
Feb 18, 2017 at 11:36
I really couldn’t have put it better. Different time frames are suitable for different people. I too prefer the shorter time frames because I don’t like keeping a position open for days on end.
EUR/GBP
in
New Traders
Feb 18, 2017 at 11:35
I have a long too, my TP is at 0.8600.
Best pairs to start?
in
New Traders
Feb 17, 2017 at 12:46
I would generally say that most NZD-pairs are good to trade.
I love Gold Only
in
General
Feb 17, 2017 at 12:43
How much higher do you think it will rise? I have longs but I am not sure where to place the TP.
HOW TO CHOOSE A GOOD BROKER?
in
New Traders
Feb 17, 2017 at 12:41
Find a broker the terms and conditions of which fit your trading style. If you scalp, find a broker that allows scalping. Look into leverage, customer service, money withdrawal process, slippage, execution speed, commissions, etc. Keep in mind that a lot of European brokers are lowering (or will lower) their leverage to 1:50 or even 1:25 and are removing trading bonuses due to new regulations by CySEC and the FCA (https://www.forexbrokerz.com/news/fca-capping-leverage-uk-forex-brokers) so you should probably take that into consideration as well.
EUR/GBP
in
New Traders
Feb 15, 2017 at 13:18
Thank you! I think that now it’s time for longs though.
What do you wish to achieve through forex?
in
New Traders
Feb 15, 2017 at 13:16
Those are very clear goals, which is a great thing. I am sure that with enough time and effort you will achieve them.
What do you wish to achieve through forex?
in
New Traders
Feb 14, 2017 at 13:44
For me having faith means that even if you fail today you will improve overtime and the failures will decrease, if not disappear altogether.
EUR/GBP
in
New Traders
Feb 14, 2017 at 13:41
I agree, I shorted a little while ago.
FXCM gets $7 mln fine from CFTC, sells US business to Gain Capital
in
General
Feb 13, 2017 at 12:08
US law firm has launched an investigation on potential claims against forex brokerage FXCM Inc. concerning possible violations of the federal securities laws, the company announced in a statement. (https://smnweekly.com/2017/02/08/us-law-firm-investigating-fxcm-seeks-to-form-collective-lawsuit-on-shareholders-behalf/)For what it seems, the law firm is seeking to form a collective lawsuit on behalf of disgruntled shareholders. I suppose it was a matter of time?
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