Recent content by ukelelefx

  1. U

    New to forex

    1. No, I'm not from Northern Ireland. 2. Even if you have a smart phone, it would still be better to analyse the market and execute trades on a computer as you can see the market from a bigger view and use the complete range of the trading platform tools that may not be accessible on a mobile...
  2. U

    What to short if April/May correction?

    Looking at the current Japanese economic condition, the JPY is expected to weaken further due to further monetary policy easing from the Bank of Japan (BOJ). Therefore in a long-term, I would not go Short on AUDJPY. However, in a short-term, you can play this pair in a range taking both possible...
  3. U

    Startup in Forex Trading Need Guidance

    It's already on the Amazon site. Too bad the 50% discount promo by the publisher just ended end of January.
  4. U

    Help With Business Plan

    Nice effort RCS. Every trader should have a trading plan to guide us on how we would approach the market. We also need a trading journal to record all the trades we take so that we can refer to them for learning purposes. Maybe you can consider adding the following in your journal: - date...
  5. U

    Can anyone be a Forex Trader?

    Anyone can be a Forex trader but not everyone can be a full time Forex trader :rolleyes:
  6. U

    what is your leverage when you trade ?

    My leverage is 1:500. As long as you are discipline enough, not risking more than 3% of your capital per trade, it doesn't matter what your leverage is. This is because leverage does not factor in the risk and your lot size. Lot Size = Risk Amount / Number of Pips x Pip Value Just...
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