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Date: Monday, 18 Aug 2014 17:55
Hello everyone!

I have decided to make a video journal of my live day trading sessions where I trade the 30 minute charts. I am starting with $1,000 and will be posting videos daily on each trading session. I trade the NY session in Forex and don't only include the winning days but will including the losing days to learn from. If anyone is interested in following along and watching the youtube channel is:


Thanks for the support on my day trading adventure!

P.S. Always open to criticism to get better!
Author: "bryce910" Tags: "Trading Journals"
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Date: Monday, 18 Aug 2014 17:27
Afternoon all.

I am new to this site and would like to introduce myself, and more importantly ask for some advice.

Last year a friend of mine convinced me that Crypto Coins are the future and I was to invest in BitCoins. After studying the volatile markets, whilst attending online seminars (mainly detailing ForEx strategies), I quickly learned two things:

1. Crypto currencies are too unpredictable.
2. I am obsessed with the concept of trading.

I recently applied for a job where you can "become a trader" and "we will find you talents", although being successful in my first interview I was left a little uneasy with the concept. Long story short, you pay in excess of £2000 for a month or two training and then you will be equipped enough to trade their money.

My heart wants to risk my stable job any steady income, but my head says to avoid at all costs.

Any advice would be greatly appreciated, in the meantime I will slowly teach myself the basics skills I require in this new chapter of my life.

Author: "SirJust" Tags: "First Steps"
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Date: Monday, 18 Aug 2014 11:26
Hello, everyone,
Does anyone of you earns for price action strategy witch points swap :?:
Author: "Pavlitto" Tags: "Forex"
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Date: Monday, 18 Aug 2014 11:14
I have discovered that trading takes a lot of time to learn about and get into, luckily I have a lot of time to invest into trading before I begin. But where do I start? I read on the forums everything is available on the internet for free, but the internet is very vast with countless results coming up. I already know about the determination and hard work, and what I want to get out of trading.
Also trading has a lot of topics, do i start with charts or looking at companies etc..? Or are there key topics I must master firstly?

Any advice or steps would be very helpful?
Author: "Emmanuel_Ojo" Tags: "First Steps"
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Date: Monday, 18 Aug 2014 10:38
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Author: "petergeorge" Tags: "Forex Brokers"
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Date: Monday, 18 Aug 2014 09:34

I have a question I needed help on. Regarding hedging out currency risk on an investment on both long and short sides, but needed a practical answer. All answers will be welcome and helpful! thanks in advance.
  1. Lets assume we are trading CFD products on margin in the UK. My account currency is denominated in GBP/Sterling.
  2. I wish to commit £2000 on margin on CFD, I leverage 4 times my amount, I can buy up to £8000 worth of stock.
  3. I wish to buy £4000 worth of Apple stocks
  4. I also wish to short/sell £4000 worth of Microsoft stocks
  5. Both are sold and bought in US dollars on the NYSE or NASDAQ exchange.
  6. The current exchange rate is say 1.8. So 1 pound = 1.8 dollars
  7. This means I can buy or sell up to £8000 x 1.8 = $14400 worth of US Stock
  8. I will commit £4000 ($7200) to each position
  9. Apple share price is at $200 so I buy $7200 worth of stock. Which is 36 shares.
  10. Microsoft share price is $400, so I short sell $7200 worth of this stock, which is shorting 18 shares.

How do I hedge out the currency risk fluctuations on both long & short positions? using the spot forex market. (no futures or options, I just want to use spot forex).

I assume, do I short sell £8000 worth of GBPUSD (short the Dollar, by going long GBPUSD) which is basically buying 0.08 lots on the spot forex market (denominated lot size by most forex brokers) to hedge out currency risk on both my long/short positions? or am I wrong?

All answers will be welcome and helpful! thanks in advance.

Many Thanks
Author: "type" Tags: "First Steps"
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Date: Monday, 18 Aug 2014 09:15

Anyone know how to trade gold with low spreads and low stakes per point? I know oanda are cheap but the spread is typically 25. I tried Cmc markets and although it's 50p per point, their pips are arranged in a way that it is actually the same as IG Markets at £5 a point.
Author: "don5383" Tags: "Spread Betting & CFDs"
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Date: Saturday, 16 Aug 2014 22:06
Hi all,

This is a question directed to experienced traders. Those that have witnessed market reactions to important geopolitical events over the years, several bull and bear markets and that have generally successfully navigated rough waters. I've been trading for 5 years and studying the markets for a lot longer. A lot of hard work and studying has been paying off as my trading improves and knowledge increases. One thing I realized yesterday is that I'm lacking a gameplan when major news or geopolitical events take the markets down. Case in point yesterday. I had entered several positions a few days earlier in solid companies breaking out of cup with handle patterns. A few days in and they were all doing good. As the market bounced off its lows I could see volume and participation was low and decreasing. With everything going on and this extended rally I was cautious and 40% invested. So Friday morning when news broke that the Ukrainians had attacked a Russian armoured column I went into defense. Waited for the news to be confirmed, seeing the DAX come down pretty good, bonds go up.. My instinct was to protect my capital and I liquidated all of my positions. I felt good about that. Things are very unpredictable right now. Until later in the day when I saw the markets come off their lows, once again brushing the bad news aside. I felt like I had been shaken out of good positions. More importantly it's lead me to realize I don't have a gameplan or good enough understanding on how to manage positions in times like these.

I'd appreciate learning from you what you've learned over the years. Is it best to wait it out a few days and let the knee jerk reactions settle down? Or at a minimum let the end of day action dictate the best course of action? Or simply get out and observe? We're increasingly in volatile times and looking at the news, it ain't getting better soon. Having such gameplans is key. Thanks in advance!!!! Looking forward to learning from all of you.

Author: "AirborneTrader" Tags: "Indices"
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Date: Saturday, 16 Aug 2014 20:41
Hello everyone,

I'm 24 and my job is in no way related to trading/investing. I have recently become very interested in it however (spend all my free time reading about it).

My questions,

From your experience, do part timer's and professionals differ only in the amount of stock they follow, or are the professionals also much better at analysing stock (because they spend more time doing it)?

Is it feasible for a working man to spend his leisure time to research a few stocks in detail and do well?

If not, am I right in thinking that a longer term investment in property may be more sensible (the hours I can dedicate to researching that will put me significantly ahead of most of the competition, the general public)

Many thanks,

Author: "Dr Blues" Tags: "Home Trader"
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Date: Saturday, 16 Aug 2014 17:29
1. Wrong Broker : A lot of forex brokers are horrible; get a good one. Read forums and chats in several different places to get an unbiased opinion.

2. Trading During Off Hours Bank FX traders, option traders, and hedge funds have a huge advantage during off hours; they can push the currencies around when no volume is going through and the end game is new traders get fleeced trying to trade signals. There is only one signal during off hours it is better to stay out.

3. Trading Against Prevailing Trend There is a huge difference between buying cheaply on the way down and buying cheaply. What was a low price quickly becomes a high price when you 're trading against the trend.

4. Picking Tops and Bottoms - Looking for bargains works well at the supermarket but not trading foreign exchange; try to trade in the direction the price is going and your results will improve.

5. Not Trading Around s Time : Most of the big moves occur around news time. The volume is high and the moves are real; there is no better time to trade fundamentally or technically than when news is released; this is when the real money adjusts their positions and as a result the prices changes reflect serious currency flow (compared to quiet times when bank traders rule the market with their customer order flow).

6. Ignore Technical Conditions : Determining whether the market is over-extended long or over-extended short is a key determinant of near-time price action. Spike moves often occur when the market is all one way.

7. Lack of Confidence Confidence only comes from successful trading. If you lose money early in your trading career it's very difficult to gain true confidence; the trick is don't go off half-cocked; learn the business before you trade.

8. Being Too Smart : The most successful traders I know are high school ****uates. They keep it simple and dont look beyond the obvious; their results are excellent.

9. Stop Losses : Putting tight stop losses with retail brokers is a recipe for disaster. When you put on a trade, commit to a reasonable stop loss limit that allows your trade a fair chance to develop.

10. Relying on Others : Real traders play a lone hand; they make their own decisions and dont rely on others to make their trading decisions for them; there is no halfway; either trade for yourself or have someone else trade for you.

11. Too Many Charity Trades : When you make money on a well thought-out trade, dont give back half on a whim; invest your profits from good trades on the next good trade

12. Too Much Detail : If you are trading more than 2 indicators, then you need to clean house. Having many indicators stifles trading and finds reasons not to trade. A setup and a trigger is all you need.

13.Overconfidence : Trading is not easy; statistics show a 95% failure rate. If your doing well dont take your success for granted; always be on the lookout for ways to improve what you 're doing.

14. Knowledge Deficiency: Most new forex traders do not take the time to learn what drives currency rates (primarily fundamentals). When some news or a statement is due out, they close out their positions and sit out the best trading opportunities; they are taught to only trade after the market calms down. So essentially they miss the whole move and then trade the random noise that follows a fundamental price move. Just think for a moment about technically trading the aftermath of a price move; there is no potential.

15. Rumors : Rumors are rumors almost 100% of the time; think about where in the motion you heard the rumor. If EUR/USD is up 50 points in last 15 minutes and the rumor is dollar negative, well then you missed it. Whenever you trade, determine where in the motion you are entering.

Hope its will help all of you..
Author: "painofhell" Tags: "Educational Resources"
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Date: Saturday, 16 Aug 2014 11:29
It seems, there is an investigation going on against Varengold decision makers - suspicion of insider trading:

Author: "Thunderstorm" Tags: "Stocks"
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Date: Saturday, 16 Aug 2014 09:54
How can i get ADX indicator and DMI index in my MT4?
Author: "ssgloves" Tags: "Trading Software"
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Date: Saturday, 16 Aug 2014 05:46
Hello everyone!

I am curious if you guys think the US will implement a day trading rule for the forex market similar to how they did with the stock market?
Author: "bryce910" Tags: "Forex"
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Date: Friday, 15 Aug 2014 22:41
Anybody ever dealt with TradeRush?

They don't allow demo accounts, so you have to deposit money to open an account.

They look mostly legit, but they seem to cater to beginners with all their offers of "free training and 50% bonus", etc.

Also the person on the phone seemed very keen on trying to find out how much disposable income I have ("What's your occupation? How old are you? Are you married?")

Anybody here ever opened an account with them? Are they legit?
Author: "MrBrilliant" Tags: "Fixed Odds & Binary Betting"
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Date: Friday, 15 Aug 2014 19:35
from which company or official website can i free download or even buy me the latest version of " Black diamond Forex system ''
Author: "afrorastainc" Tags: "First Steps"
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Date: Friday, 15 Aug 2014 13:42

I just had a friend of mine interested in me managing their money and trading it through the Forex market. I am curious if there is some legal type of certification I need to be a money manager for the Forex market or is it not the same legal rules as the Stock Market?

Author: "bryce910" Tags: "Trading Firms"
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Date: Friday, 15 Aug 2014 13:32
Hi anyone,

Is there any way to get free order book information on indices? At the moment I use the free data from BATS for index ETF's, in order to work out which way the price is moving on the index.

I know IG has a L2 dealer for CFD's, but do you still get order book on index products?
Author: "Stargunner" Tags: "Indices"
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Date: Friday, 15 Aug 2014 13:30
I get why if I were a bank I would be delighted to issue contingent convertibles, and as a hedgie delighted CDS are shortly available to enable me to do my job in this area. What I don't get is what the hell are the regulators doing?

As far back as 2004, well before the last shand fit hitting episode, they were looking at making CoCo less attractive from a tax perspective for the issuers. This was a small wonder as even without the beneficial tax implications they were verging on ridiculously bank-centric pieces of paper. With the addition of CDS for CoCos we have a not dissimilar situation to pre-2008.

As a instrument designed, in principle, to shore up a bank's capital in times of stress it was always going to be abused by issuers while an attractively asymmetric tax treatment prevailed and this is, as far as I can tell, exactly what has happened with far more being issued than under other circumstances would be deemed prudent, or more importantly, viable.

To then add the additional leverage of hedgies snapping up, quite understandably, CDS on these instruments, seems to be a severe case of deja vu where none of the lessons from 2008 were learned or if learned, applied.

It also beggars the imagination as to how you would even go about valuing a CDS on a CoCo in the first place.

I'd be delighted to hear I'm mis-reading the situation so if anyone out there can explain where I'm going wrong, in simple terms, I'd welcome the relief. I'm as happy as the next man with a meltdown scenario, as long as I'm geared up for it.
Author: "Absolute Zero" Tags: "Commodities & Money Markets"
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Date: Friday, 15 Aug 2014 12:37
Earlier I was closing out a pair of option trades.. I closed one leg without issue, but when I clicked to close the second leg, I had to wait for the "your deal is being handled by our dealing desk" message.. After about 20 seconds, I got a message "That price is no longer valid", and saw that they had DOUBLED the spreads on all of the options I had open, which cost me quite a bit.

My question is:
1. Are they allowed to cancel your trade in order to increase the spread?
2. Are they allowed to apply different spreads for different clients?
3. Is there anything I can do about this (other than cashing out and closing my account)?
Author: "MrBrilliant" Tags: "Spread Betting & CFDs"
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Date: Friday, 15 Aug 2014 12:00
We've just published a new T2W article called "Predictive Indicators" by John Ehlers.

Quick Summary: John Ehlers explains with examples why common technical indicators distort market interpretation and offers an alternative way to address this.

PS. Don't forget to rate the article after you've read it and share your comments on this thread.
Author: "T2W Bot" Tags: "Educational Resources"
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