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mlawson71
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Best pairs to start?
in
New Traders
Feb 13, 2017 at 12:06
No, certainly not all major pairs, just EUR/USD because it’s so range-bound.
Psychology of Forex Trading
in
General
Feb 13, 2017 at 12:03
Personally, I’d say that both is a good idea. Getting excited for whatever reason – both positive and negative – can cloud your judgement.
Best pairs to start?
in
New Traders
Feb 12, 2017 at 13:07
Personally, I don’t recommend pairs that volatile to newbies. Of course, this is something very subjective, but when I was a newbie I found all the volatility to be very stressful.
Fun on MyfxBook
in
General
Feb 12, 2017 at 13:06
http://www.myfxbook.com/files/mlawson71/index1.jpg
DEMO ACCOUNT vs LIVE ACCOUNT
in
New Traders
Feb 11, 2017 at 12:22
One just has to go into the water, it doesn’t have to be the deep water at first. Learning on a small live account initially is also a good idea.
Psychology of Forex Trading
in
General
Feb 11, 2017 at 12:19
Hahaha, thank you, that genuinely cracked me up just now and I needed it.
FXCM gets $7 mln fine from CFTC, sells US business to Gain Capital
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General
Feb 10, 2017 at 12:58
More details are emerging about the deal between FXCM and Gain Capital. (https://www.forexbrokerz.com/news/Gain-Capital-to-pay-up-to-500-for-each-FXCM-client-conditions-apply) According to the latest filing of FXCM with the US Securities and Exchange Commission (SEC), Gain Capital will pay up to $500 for each FXCM client. There, however, are a number of conditions that will apply depending on how many trades these clients have made in the last weeks.
DEMO ACCOUNT vs LIVE ACCOUNT
in
New Traders
Feb 10, 2017 at 12:56
My point exactly. One has to be aware, however, that the true confidence will eventually come from trading on a live account.
Psychology of Forex Trading
in
General
Feb 10, 2017 at 12:55
That’s not just psychology, it’s basic common sense.
What do you wish to achieve through forex?
in
New Traders
Feb 09, 2017 at 13:18
True, it’s important to have self-awareness and realistic goals.
Fun on MyfxBook
in
General
Feb 09, 2017 at 13:17
That quote is true about everything ever. Except other electrical appliances you buy.
Best pairs to start? newbie here...
in
New Traders
Feb 08, 2017 at 13:06
That’s a good point. I stay away from EUR/USD because I don’t trade range very well.
EUR/GBP
in
New Traders
Feb 08, 2017 at 13:02
Do you think it will fall to 0.8470 again? I am still keeping that short position open.
FXCM gets $7 mln fine from CFTC, sells US business to Gain Capital
in
General
Feb 07, 2017 at 12:30
In a surprising twist of regulatory fate, FXCM – the largest US retail forex broker – got banned from doing business there and was fined $7 million by the CFTC, all in the fateful afternoon of February 6, 2017. The reason: misleading customers and regulators. (https://www.forexbrokerz.com/news/FXCM-lies-to-clients-NFA-gets-7-mln-fine-from-CFTC-sells-US-business-to-Gain-Capital) According to a statement from FXCM's main competitor – Gain Capital – it is in talks to acquire FXCM's retail clients and transfer them to its retail platform Forex.com by the end of Febr...
Beginners - Kill your emotions
in
New Traders
Feb 07, 2017 at 12:27
I don’t object to hope, actually, I think it’s even good to have positive thinking, but hope alone is not enough.
DEMO ACCOUNT vs LIVE ACCOUNT
in
New Traders
Feb 07, 2017 at 12:25
I agree. All that said, however, the demo account is still an indispensable tool for any trader. Yes, trading on it is not the same as trading with real money, but it also provides a safe environment to test out any new ideas, strategies, etc. without risking your money.
EUR/GBP
in
New Traders
Feb 06, 2017 at 12:38
So far I have a short position to catch the retracement, but I can’t exactly say they’re glorious pips.
Best pairs to start? newbie here...
in
New Traders
Feb 06, 2017 at 12:37
I somewhat agree, but I also think it’s good to point out that trading indices is not exactly like trading currency pairs.
Best pairs to start? newbie here...
in
New Traders
Feb 05, 2017 at 13:11
Personally, I prefer EUR/GBP to EUR/USD.
DEMO ACCOUNT vs LIVE ACCOUNT
in
New Traders
Feb 05, 2017 at 13:11
That’s a great way of putting it. Demo definitely has its uses, which are very necessary and one cannot go without them, but it’s still just a tool in the end.
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