Recent content by Kristjan

Why did God create stock analysts ? In order to make weather forecasters look good.

It might not be as high 98%, but I do expect the percentage to be quite high. It actually does make sense that most Forex traders lose money. It's because a lot of people get into Forex trading without reading about how things should be done before they start trading, and they'll lose money...

How about Internet marketing? If you know a lot about Forex trading, you could start a blog about Forex trading, and monetize it with ads.

I'd recommend to choose a broker that is registered with a regulating authority (e.g. NFA or CFTC). And never trade with money you cannot afford to lose.

What do you think are some must-read books for people who want to get into Forex trading?

Congratulations! I hope you'll be successful in Forex trading. I'd recommend you to read some books about Forex trading as well. Currency Trading and Intermarket Analysis: How to Profit from the Shifting Currents in Global Markets by Ashraf Laidi for an example is a good read. I'm sure you'd...

It's only gambling if you don't know what you are doing. However, you can never be 100% sure that you'll make profit. There's always some risks involved, but it's far from gambling.

That's an awesome idea. Maybe we could have group calls on Skype to discuss Forex trading?

As a huge movie geek I have a lot of favorites when it comes to movies. From the latest movies I really liked The Secret Life of Walter Mitty and Nnymphomaniac.

Wow! That is one big forex fraud claim. I'm starting to wonder whether it's some kind of a record?

I've considered stock trading as well, and what I found out is that it's a lot easier to get started in forex trading. So, I think that the fact that it's easier to start trading forex is another advantage forex trading has over stock trading.

I have a few websites, and working on those websites take up a lot of my time. I'm also quite into sports. I like to go swimming or jogging at least a few times a week.

Pharaoh pretty much said everything you need to know. In order for this to work, the laws regulating these things would have to be changed in a lot of counties, which would be almost impossible to achieve. I think that your best option is simply not to let an IB trade your account for you.

I have to agree with Pharaoh. I do have noticed that debtor nations in general tend to end up with weaker currencies. However, if a monetary zone can handle the problems without outside help (e.g. the Greece and EU), then it most likely won't have a long term effect on the currency.

What a mess! I don't think it's a good idea to use too many indicators. They can cause what (if I remember correctly) is called analysis paralysis, which can make it difficult to see even the most obvious oppurtunities on the chart.