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Original post was: Long 1.7405 - profit taken 1.7505 (with dip-buying possibilities on next trade). However, seeing the 100 pip retracement/rejection from 1.7578, i have gone short 1.7480 for a profit target of 1.7375. Sorry, if not clear.

Short @ 174.80 now looking for 173.75.

Sold 1.7505 before trade figures. Will look to buy dips after the figures today. Nice 100pt though.

why do you see down move on this cross?

Who thinks this it is a long here? My view is: 1. Double 2 day low at 1.7375 2. 3 pushes lower with bullish divergence 3. Seems oversold on an hourly/daily horizon fallen 500 pips recently. I think long 1.7405 sl 1.736 tp 1.749

Short USD/JPY today at 117.92, should be a move to at least 117 from here. Anyone else agree?

Hi, I'm new to fx and i wondered which pairs are more suitable to the beginner and which crosses you have to be very experienced to trade? Are there any crosses you still avoid? I hope you can help YIK

Has anyone read Kathy Lien's "Day-Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings"? If so, is worth buying? Are there any other fx books which one would recommend? Thanks in advance. YIK

What are your thoughts on this pair - long or short? Backdrop Even against dollar weakness and commodity price strength it appears to nudge/grind higher. There is a lot of resistance between 7565-7580.

It is f*cking dreadful. The ticker on the top makes it nearly impossible to take in 3 pieces of price info before it changes, as you cannot scan from left to right quick enough. WTF?

Just wondered what peoples view is on where to place a stop? As i want to allow a trade "room to breathe" but dont want to be left exposed. How do you figure out where to put it? Also, i wondered if people just trade one strategy or have a number of strategies they trade? Thanks in...

Mafia, what do the senior fx traders earn? and how much capital do they have to play with?

I think the capitalisation is probably the biggest stumbling block in trading. As if, like you colleague, you have $1m to play with a 30% return is $300k, if you have $30k and are shooting for $300 it is a 1000%.Therefore you take more risk in order to increase your funds and also become less...

Of the one who made it, how did he do it? So from your experience what % succeed in fx?

I have just starting trading fx, but it seems to be a lot more difficult than trading shares/commodities as the focus seems to shift from interest rate differentials to budget problems, it is hard to gauge. I would like to hear from any seasoned traders of forex for their opinions and how long...

The guy did well from oanda. Over what period did he achieve this? I think it is possible, i just think you have to ante-up on days when you have an advantage and play small when you havent. The difficulty is finding out when you have that advantage and exploiting it.

So what is the best way of making money in forex? is it to go for hundreds of pips with a small position, or go for a small amount of pips with high leverage? Are there conditions or set-ups which give the client an edge in the market, in which one should exploit with higher leverage?

That makes sense now. As if you scalp, and win, you are hitting them every time, as they cannot offset risk. So how do the traders who consistently win in forex do it?

How can they decide if you win? They can only decide what quote to give you at the end, which would effect your profit/loss in terms of slippage if you accept.

Yes i was. But not as profitable now on manual execution. Must be a mandate to add a bit more time and slippage to orders to manual orders, in order to give the edge (and profit) back to the broker. What i dont understand is I thought brokers were compensated by the pip spread. Therefore, why...