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Thank you for your answer, swordsman. Firstly, I can't even explain how happy I am to tell you that I have both real-time charts and quotes in my paper account. I realized when early with options that my charts were real time and my quotes delayed 20 minutes. What a joke! I was trading...

Thank you both for your your replies. Pegasys, your managing strategy sounds quite sound. Personally, I haven't decided how I'm going to rotate funds as of yet. My goal is to take $1200 and make it into enough to live off trading when I get out of college in 4 years. My plan is to keep my...

Edit: I would understand playing the support at 1.54 for the euro, but other than that there was never a reason to fight the decline in the EUR/USD. Personally, I never saw an intraday setup to play the 1.54 support. I only setups when the hourly and intraday chart setups align for...

I would trust the 5-year statistic. Most financial news places do it by net gain loss instead of percent gain loss (sounds more exciting). So if oil went up from 130 to 142 (there was a move like this, but not exactly this) the 12 point move was the biggest ever, even if it would be less than...

One problem, skippy -- the dollar strengthening move is hitting resistance everywhere, the dollar will likely weaken even if only an intermediate move.

Why would you be expecting the markets to bounce? Most of the real breakout moves had room to run forever. Take the EUR/USD -- no real resistance AT ALL between 1.49-1.54. I lost 10-15 pips here and there when the pound and franc consolidated for a few hours, but other than that i made...

If you don't have natural skill you might as well put your money in an index fund and go somewhere else with your time. It takes crucial management, wisdom, discipline, intelligence, and power over your emotions and instincts. If you learned some of these over time, I congratulate you, but...

Forex margin is insane. Who really needs 250:1? I began two weeks ago and decided immediately my limit would be to only trade $200 for every $500. I doubled my account in the last two days, and I have doubled since I began. Forex is so easy! Even when the choppy markets come around, one...

Ok, I will admit that my options account is down 55% after 3 weeks of paper trading. I attribute about a total of 20% of that to stock news risk (I got crushed when wal mart announced bad sales for example, trading a breakout) and another 20% to messed up orders and bad order management (not...

Seems rather insane to me. I'm a very new forex trader? Based on charts, it seems like most forex moves are slower trends. How often does forex move like this? Once every few years or so maybe? Btw, I'm definitely not complaining, but I just want to know how typical these moves are...

My guess is that it is due to other exchanges opening at different times, but wouldn't this indicate that they don't have access to 24-hour trading? Why is this? Thanks for your help. Best Regards, Greg

I'm a purely technical guy, but when the market explodes I want to see why. Thanks for your help. Best Regards, Greg

I am/was one of them. Account swings can be greater than 15% per day (especially with options, I would know paper trading them), and we assume we are smarter than everyone else. I'm not doing badly, but every step forward encounters unforeseen problems and requires a reality check and some...

With regards to wisdom... Wisdom is not something I lack, I know what I want, I know how to get there, and I know how to keep myself focused, even though I hate studying constantly. Regards, to teaching... I have noticed this. I like answering questions on investing forums (I wouldn't call...

I think I agree. It is normal to expect a small correction once a support is hit anyway, even if it blows on through. Thanks for your help. Best Regards, Greg

I'm also considering paper trading only every other week to start, to keep my my mind fresh and focused on learning. I think this would also help me just soak in the market rather than worry about my performance, if you know what I mean. What do you think?

When you first started trading, what did you do to try to speed up the role of learning from experience? For example: Read in-depth material in spare time Analyze journals, rules, trades Trade forex in spare time (since 24-hour) Study charts continuously I'm trading mainly stocks...

I do have stops, but I didn't mention them. If I entered at 20.10, my stop would be 19.90 or so with a goal of 21.90. If I waited for the stock to fall to 20.10 before buying 20.20, it would still be a goal of 21.90 and stop 19.90 but with presumably a better probability of filling, since a...

I am a novice swing trader just trying to make the cut at even right now. My question is: what is your trigger for support and resistance plays? For example, say you are trading a channel between 22 and 24. Would you enter a long when the stock dipped down to maybe 22.10, or would you enter...

I will definitely add a week chart to my collection. I was looking at the levels back to the gap 9 months ago, but interpreted breakout from the double top gap resistance as the breakout, and missed the other falters around 26 (which I would have seen on a weekly). I like your trading style...