Recent content by stefcio2002

Hi Richie, thank you for your question. A full position for me is a position with an open risk of 2%. On this particular case, I opened a position with 1 % risk, and i was waiting for another signal to enter with the second half of the trade. this was motivated by the fact that although the...

Exactly. I do not take positions if we are less than 1 hr from the news. I may even close some, especially when they are in profits. You cannot predict what is going to happen with the news.

Here are my views on AUDSD for this week (youtube video). I did not know I had such a strong accent.... AUDUSD trading plan

In that case I got the same analysis lon gterm. As long as we are under ,8, betteer be a seller. Pleas enote that we are in the process of breaking down SMA200.

I will take short from the H4SMA200 On the monthly the pair broke a fib line support but trades at the SMA200 level with no clear idea where to go. Weekly and Daily are ranging. H4 gives some clues with two bounces from H4SMA200. I will follow price action there.

You cannot predict with certainty which way a price will be headed, but you do not need it to be consistently profitable on forex. Read Mark Douglas "Trading in the zone", it s all explained there.

Open a demo account and try to practice on it. Learn everything you may and devise a trading plan as soon as possible for without one you are dead. When you have three months of profits on your demo account, try live with small money first.

Alpari UK and LQD market... Both were well regulated. Did it protect them against insolvency? No. Regulation failed to spot unsafe broker practice, and proved to be not enough anymore to define a reliable broker.

Another point is to always have the customer's support phone number at hand. If you have to give a phone call, you may bet it is going to be for an urgent problem, so have this number ready in advance in your GSM !

Sometimes there are sone charts you ld better leave alone. Look at that EURCAD : no trend, no consolidation figure, tangled SMAs, and wicks everywhere. This is the kind of chart you do not want to trade. Better stay out and wait for it to settle down a little bit.

Rather not. As a matter of fact educational material is plenty for free on the net. I am expecting from my broker a reliable service and good spreads. That is more important. :smart:

:confused: A long going to zero means the currency you are buying gets litterally worthless (has zero value or does not exist anymore). 1- Should something like that happen, I guarantee you we will all have other problems than trading forex. :cry: 2-Use stop loss. :idea:

Just my two cents here. A friend mentionned me Tickmill as a good broker. I was rather dubitative, cause I preferred to have my broker in better regulated countries, but after checking their reputation I decided to open a small live ECN account. Not only operations are good, but my account did...

Wether you want to trade reversal or break out should depend upon the daily range of the pair. The smaller, the safer it is to trade reversal.

I think there is no general rule here. It all depends upon your character and whether you need that money or not.