Recent content by Satori

Yesterday, around 14:40. Not sure where it's going now. If I had to guess I'd say up, but I'm not sure enough to trade it yet.

Closing short at 1.7660. Have my doubts about it going all the way down to 1.7633 now.

You can ask, although I'm not sure I have a decent reply! Okay, to a newbie cable trader the first thing I noticed it that there tends to be a band between which cable messes about trying to decide which way to go. Once it clears that band it tends to hit the top or bottom trendline (on the 4...

Hi, Virgin Forex trader here (although have been trading stocks and indices for years), so be gentle with me. At 1.7808 I'll go long with a target of 1.7954 within 1-3 days. At 1.7692 I'll go short with a target of 1.7633 within a day or so. Probably longer-term than you guys trade buy...

Pretty much. Men are lazy and, in many cases I think, we got into trading because we had ideas of it being an easy way to make a decent living. Most found out it isn't all that easy and, at least at the beginning, the money isn't all that good, so they either gave up (about 95% do this at a...

I don't know many individual traders - those who've been trading consistently for a long time (5 years or more) - who haven't gone through the "I know better" syndrome which results, eventually, in capital loss. Maybe going through that is part of what makes the 'character' necessary to be a...

I can't remember which 'famous' trader it was, but one of them once claimed that he could make more money picking his trades on a coin flip than most of his students/underlings/whatever could with all their complicated entry criteria, simply because he applied better money management, stops and...

Update. I've used Global Trader for a few (small) live trades now and I have to say I quite like the trading platform. For one thing it has a trailing stop facility, which neither of my other SB brokers (Finspreads & IG Index) offer. The spreads seem to be better too, for example on EUR/USD...

You could try here: http://disktrading.is99.com/disktrading/

Candles, I'd echo what capitalspreads says. It is important, particularly when starting to trade, to use 'disposable' funds, and the sheer fact that they're not disposable may affect your entire trading regime to the detriment. Look at it this way: 10% of traders are successful and 90% of those...

No, sorry. I'm not actually taking these trades, just trying to get a feel for how they're formed and why it is I can do okay with stocks and commodities but not Forex.

Respect to you guys that can trade Forex. I'm reasonably successful trading stocks but I'm afraid any ventures into Forex always end in disaster for me. I'm trying to develop the 'feel' for it that I must be missing, so threads like this are useful as I can look at what others are doing and...

Okay, I'll rephrase what I said: I personally have made more money from trading by addressing the psychological aspects of it ahead of the technical aspects. It takes all sorts. There are many ways to trade and many different personalities in the game, and neither yours nor mine are the only...

But you're still trading with the trend, even if it's a shorter term one. Your exit points and profit targets will be based on how long you think the underlying trend is going to run your way, whether it's a few minutes or a few months. Because some people prefer to trade that way. One is more...

I think as long as you're satisfied, that's all that counts. Well done. From an objective point of view, I'd be just a touch cautious at only 3 months. I'd also say that it seems you've had a good three months; maybe surviving a bad 3 months would be a test too. It's always harder to leave the...