Recent content by jasy22

I think you are guessing which way you think the market will go which is dangerous, why dont you learn dow theory and candlesticks and use it with news trading, oil is $150 dollars now are you still short.

Hi Paul, im new to forex as well, one piece of advice i can give you is not to trade the news if you are a beginner, newstime is risky, it can go either way and can move 100+ pips on unemployment data. Theres plenty of profit to be made without trading the news and it is a lot safer. Trading is...

Yes true, oil will not go up in a straight line some buyers will sell to lock in profits, making the price go down,then other buyers will sell as well as they think the price is going lower, FOMC may raise rates, and a recession might kick in, so it is possible to go short if your indicators...

I know you was taking the ****, it wasn't a real question just a jokey one! I guessed you were an oil bull like me.

Maybe when he saw his princess naked he thought he thought hed go short, haha!

How is it possible your mate knows this, is his name rasputin, or is he married to a saudi princess?

Good points, but i disagree that the reason people are bullish on oil is because of the media, the real reason is Ben Bernanke printing dollars like their going out of fashion, more money supply = more dollars to buy oil = devalued fiat currency = higher oil price and just about higher anything...

No one can be certain what will happen but higher oil means weaker dollar, so even though the dollar might have caused it, the higher price should continue because the current account deficit will be worse off fueling more oil buyers. It seems risky to short oil when speculators are predicting...

Funny quote, you should always cover yourself when naked! I have just started trading forex majors, i use 5-15 min charts with a 15 pip stop. I can usually get 25-40 pips with this timeframe, but i am aware it is riskier and less reliable than long term. I would like to trade hourly charts but...

Spreadbetting firms are no different to forex brokers, who also skew the price even my broker, FXCM says this goes on, Check their website. Jesse Livermore made more money with bucket shops, than with Wall Street brokerages, becuase of excessive slippage, he never knew at what price his order...

Your broker should have closed you out with a margin call, your problem was you trusted other peoples strategies that are basic trading tenets of what not to do. Always use a stop, do not double up adding to losses, do not go against the trend a stop loss is not really a loss it is a...

In stocks buyers have the edge because markets trend upwards long term - bull markets last longer than bear markets - In forex niether have the edge as being bearish on one currency = bullish on the other. Also it is said that 90% of traders lose but with money management you could lose 80% of...

I agree with you, even the great Jesse Livermore the best trader ever, lost all his capital on Wall St, before learning how to trade there - Reminicences of a Stock Operater If you make mistakes - you learn what not to do!

Hi, being chinese do you about Homma the guy that invented candlestick charts for trading Rice futures contracts in china? I have only been trading forex for 2 weeks using candlesticks with western indicators and they are exellent, especially bullish/bearish engulfing candles, they get you mega...

Hi guys, i live in Huddersfield and would like to meet up in future, Mancs is only 40 mins away. Good to see a trading community getting together, as we dont work in the city, trading can be a lonely game for us, especially when people around you dont understand it.