Recent content by Paulo30

Not hedging positions, and taking too many pairs in one direction at one time (e.g. going long with EUR, GBP, AUD in one hit). PS- This only really applies to traders without strict SL. I trade long-term and don't use strict SL exits.

I don't know about price lags.. but I had an issue on the iphone app where I couldn't close open limit orders.. and had to do this via mt4. Doesn't give much confidence if I was in a live situation. They said they had contacted the app developer to sort this out.. (not sure what QA procedures...

It's tricky doubling the account each week, since you need to 1) Pick the right pair which will even move enough pips to double your position, and 2) If it reverses, and you've staked all your account (around 5-10lots?) on one trade, the margin will knock you out.. hence the whole thing is...

I have this book as well.. it is a good book, and I even spoke with Alex at one time.. approachable guy. Another good one is "Currency Trading for Dummies".. in fact I would recommend to anyone.

I have found them to be good (personally), and the dealbook360 and iphone app seem to have quick transaction times.. or no worse than any others. I can't speak much about money transfers, since I'm doing this through a white label client into GFT. They also were able to remain liquid...

Needless to say the strategies one uses in these competitions are near worthless in the real world. I've just entered some massive positions which will either pay off excellent, or blow my account.. I don't care since it's a competition. In reality I would be using a much smaller position size...

I'm looking into this.. but more from a trial perspective on their platforms. Yeah, interested to see who has the best luck during the competition..

Economy slumps, but rates unlikely to follow suit.. http://www.smh.com.au/business/economy-slumps-but-rates-unlikely-to-follow-suit-20110602-1fh5j.html

It usually refers to up/down movements in a pair that throw out traders trying to take a steady trend trading approach. It's also the reason why indicators don't always work-- ie. the RSI or MACD is showing a great time to buy/sell, so you enter, only to be stopped out when the market reverses...

Good analysis.. our currency mainly hinges on commodities and therefore China.. but this in turn depends on the US, the DOW, and the US economic situation in general. People such as Australian politicians seem to think China exists in a vacuum, but as soon as Walmart stop placing orders at...

Always a bit dubious about guarantees from companies or "educators" that one can make X pips per week.. IMO it's near impossible to ensure any amount of pips per week, but on average things work out. Some weeks I might make 500p, and other times it could be 3 weeks before I make 100p...

There is no "CFD market". You are confusing an instrument (CFDs) with a market (currencies/forex). Currencies can be traded via a variety of instruments.. futures, CFDs, cash, ETFs, etc. The currency market is the currency market, so a pair will move exactly the same way whether you are...

CFDs are just contracts on specific markets.. shares, indices, currencies, commodities etc. The main things to look out for are the spread, commissions, and broker stability/reputation. CFDs on FX are similar to Spot FX (if that's what you are asking), but you need to factor in interest...

Great post.. thanks for sharing this info. I had a similar situation about 5 years ago with a large CFD broker (Aus).. well known, and who happens to get a lot of "awards".. totally blew up my bank account due to my lack of experience and their underhanded dealings with moving spreads...

Lousy retail figures today, and no sign of interest rate rises for a while.. I expect it to touch support around 1.05 or so.. commodities might also get hit due to declining Dow lately.