Recent content by hiprobabilitly

A lot of people will tell you not to bother with perfecting trading on a demo account. IMO if you cant find a way to trade profitably on a demo account you have little chance of being successful in a live account. And sure, Pharoah says you might lose 2 pips on each trade on a live account but...

I find FX a lot harder to pick then stocks. I personally see it as a high risk game and think that anyone else who tells you otherwise is still under the 'illusion'. In saying that I find certain pairs like the AUD/NZD react well to technical analysis and it's a highly stimulating game to be...

Ofcourse. I'd be surprised if there is anyone here whoo didnt blow themselves up in the beginning.

I've never heard of someone blowing an account with leverage of 1:1.. would take a long time considering most FX pairs trade within ranges rarely larger than 10% Hell some take months and months too move just 5% I do agree that the worst advice is "Pay $5000 for our 2-day workshop in...

Thanks for your input Pharaoh. Yes the spreads are quite significant for Binary Options, I was trading them with IG and I think the spread was about $5 - maybe more. Might give standard options a try, however the characteristic that appeals to me about Binary Options are how you can calculate...

Yes but it's those lessons and the thought of how much money you've lost in the past that will hopefully keep you on track from not on :) The first 2 years of trading FX (and CFDs) it was like lighting money on fire for me, then I spent a bit of time at a level where I would make money for a...

Buy and Hold stocks, but only based on fundamentals. Do have some bullion too. Messed around with CFDs for a bit but to no success. Forex it is!

Education is important but won't make you successful. It's all about the experience in my eyes, which in a way is education. And its the only way you can learn to control your emotions.

To be honest I never made money trading until I stopped looking at technical indicators. If watching two lines converge, diverge, point up, point down, move above a line or move below a line was right more then 50% of the time, wouldn't we all be rich? I know they should be used in conjunction...

Hi Guys, Something I've been playing around with lately is buying and selling daily binary options (5pm, 7pm etc.) and then hedging the position with an FX contract. So just for a basic example say I've sold a binary at $50.00 on the AUD/USD being above 91.5 at 7pm and its trading at 91.25...

I would aim/expect 50%. I've been trading FX for some time now and don't see why you'd expose that sort of money for anything less. Its far too risky of a game to play in hope to make return that just 'beat the bank'. If thats what your after your much more likely to have success using buying a...

I apologize if this thread has already been made somewhere else - still a newbie on this site :p Interested to hear where you think it'll find some long term support. I think 0.86 should hold pretty steady, and I expect it to be tested within the next 4 months. Looking forward to your...