Technical trading is not that difficult. You just need experience and familiarize yourself with how the price moves a.k.a price action. If you don't wanna lose all your money gained in forex due to unforeseen circumstances like what happened during the CHF crisis, take out 50% of your profit gained at the end of every profitable month. Stock trading on the other hand needs alot of background research on a company, worry whether tomorrow malaysia will bankcrupt, etc.

This post has been edited by Supreme1394: Mar 31 2015, 03:36 PM

Should be easy to reach 1.07, after that expect some retracement and range market before breaking through to 1.05.

Well for me, 2 months of losing and fidgeting with indicators. Another 3 months of just concentrating on how the chart moves without any indicators, and now I'm trading live Pro tip : make all your losses on demo

Observing EURUSD, going to short if 1.0567 gets broken

This post has been edited by Supreme1394: Apr 10 2015, 08:53 PM

Bravo I did the same as you and the experienced gained with demo trading really helped me with my live trading now

a bank? But seeing his trades, i think it's done by a robot

Somore the girl quite leng lui

here's the video link

100% got effect wan better just wait to see how market reacts to their speeches then only decide.

HINT: This morning at 7.30am got one FOMC member tok tok. See your charts at this time how the market reacted. Then you'll get a rough idea how the market would react to the coming tok tok

observe the 1 minute chart, hand-in-hand with this streaming news from myfxbook, have a feel how the bulls and bears are struggling with each other and look whether any interesting news just came out. That would help you a lot in future trades once you get the "feel" of the market

Glad to help Basically in an unstable market like EURUSD where investors don't know which direction to go, news plays a big role in short term - medium term market movements. But don't jump into trades the moment you get the news data from forex calender. Observe a few minutes after the news release to see if the news just can only deliver price spikes before reversing quickly or is consistently breaking support/resistances with ease. In the latter case, then it's safe to jump into the trade

This post has been edited by Supreme1394: Apr 17 2015, 12:42 AM

Looks like FOMC tok tok didn't work in their favor USD dropping lol

This post has been edited by Supreme1394: Apr 17 2015, 01:51 AM

Now would be a great time to observe the 1min EURUSD charts, predictably EUR is going up, but look at the charts to see points at which there is a sudden jump and try to look out for the next one.

Each up and down tells a story. Have you noticed that when price is trying to break a resistance level, it sometimes goes below its support in order to gain strength and then accelerate upwards to break the resistance? That's because there are lots of order at the support to give momentum to break the resistance. Vice versa if price is coming down.

Bro, check your PM

Indeed, scalping week it was. Too risky to hold onto positions. Only effective way this week was to trade on short term momentum

This post has been edited by Supreme1394: Apr 18 2015, 03:59 AM

+1
The only thing that sounds too good to be true, which isn't a scam, is that you can earn money through forex. A lot of people say they lose money, which is true because most people give up before finding that 1 road which leads to success out of the other 99 roads which leads to failure. To newbies here, read up on price action trading BUT do not trust what you read on the internet 100%. Experiment and explore yourself what truly works for you. Let everyone else be a liar and only yourself be the truth

Quality beats quantitiy. I don't know about the others here, but I've never counted my trade's success based on pips. All I care about is the right entry when the market is strongest, and the right exit when the market is losing its momentum. As simple as that

I don't use any indicators at all I've been fooled enough with indicators during demo trading already Well, I judge momentum by just looking at the strength of bulls and bears, just that simple

I'm not good in fundamentals Could you explain why you think USD is likely to rally?