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  1. The foreign exchange market has no real volume. VSA and Wyckoff aren't any better than fancy indicators, and they both have the same issue: they don't work when you start trading with them forward (Backtesting paradox). You are correct about supply and demand (not those stupid rectangles people draw without knowing what they are doing), but you are incorrect about commodities. What exactly is Forex? It's called the Foreign EXCHANGE Market....EXCHANGE... get it? Big boys don't care about those stupid charts; when they need to exchange money, they simply do so... EXCHANGE, not TRADE... Get it? Your first post appears to be advertising... Don't be surprised if you find yourself in the commercial section.
  2. Is it a scalping strategy because the trade time is so short?
  3. Not necessary. Even with low leverage, you can wipe an account. So, what is the real danger? Assume we want to open 1 lot of EURUSD. With a stop loss of 10.0 pips and a take profit of 10.0 pips. The goal is to make or lose $100. A. To open a trade without leverage, you will need 100,000*1.20000 = $120,000. In the event of a profit, you earn $100, which is equal to 100/120000*100 = 0.08 percent profit. B. Using a leverage of 1:1000, you will need 100,000*1.20000/1000 = $120. Assume you require a balance of 1000 to be comfortable. In the case of a profit, you make $100, which is 100/1000*100 = 10% profit. Of course, the same holds true for loss, but that is a separate issue. You must have a trading system that, of course, has a higher profit margin than 50% in order to have more profitable trades than losses (with the same risk/reward). So, to earn the same $100 profit, you must risk A. $120,000 without leverage and B. $1,000 with 1:1000 leverage. There is a risk because some brokers simply disappear with your money. If I had $100,000, I would divide it into many small accounts with different brokers, strategies, and pairs to diversify my risk.
  4. Indeed, you should avoid carrying a position overnight NOT just on Wednesday, but on ALL DAYS STARTING THURSDAY AND FRIDAY. Essentially, any period during which the position will settle over the weekend will result in higher swap rates. Thus, if you hold an overnight position, you are only charged for two swap days on Monday and Tuesday. And, of course, if the following Monday is a holiday, the situation becomes even worse; you will be charged FIVE days of interest if the carry is negative.
  5. Well, it's a good way to earn but not that much good way to learn for me. If my kind of person sees a very successful trader I can always copy, it automatically eludes me from learning how to analyze. I think getting anything out of Forex requires motivation.
  6. It is quite low, but it frequently comes with a catch. If your broker can't make enough money through spread markup and commissions, he'll start looking for other methods to profit from you, which might be dangerous.


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FOREX trading carries a high level of risk and may not be suitable for all investors. Leverage increases risk and loss exposure. Before you decide to trade foreign exchange, think about your investment goals, level of experience, and risk tolerance. Your initial investment may be lost in part or entirely. Do not put money into investments that you cannot afford to lose. Educate yourself on the risks of foreign exchange trading, and if you have any questions, seek advice from an independent financial or tax advisor. Any data and information is provided "as is" for informational purposes only and is not intended for trading or advice. Past performance is not a predictor of future outcomes.

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