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I agree completely. I would add that a lot of the money in oil right now is also SCARED money, probably people that got chased out of their positions in asset backed securities after the mortgage market unraveled. I think its important that the Fed starts ratcheting up the inflation talk, but...

hey, being 18 and already knowing the lingo is a pretty good start I'd say. practice makes perfect. I started out trading about 8 months ago by blowing up a $500 dollar tradeking account in 6 months, now I trade forex and have gotten pretty profitable. Given your knowledge of technical...

Here's a simple question that a good trader might be able to answer for me. <B>What has more impact on the market, a change in month over month (MoM) economic data, or a change in year over year (YoY)?</B> At first glance it seems like YoY, since that is a longer time period and would...

I can make 500 dollars a week (living high off the hog, I know) off of 2000 principal on forex. I can only achieve this with pretty strict discipline though.. anyway here's my 4 mistakes: 1) trading without reading the news 2) misreading the news 3) betting a double top/bottom will hold...

The first spike in oil occurred directly after the NFP announcement. The negative correlation between dollar value and oil is holding steady. The second spike in oil occurred mid-day EST. I don't know if it was related to Mofaz's remarks about attacking Iran, but there is some speculation...

http://www.bloomberg.com/apps/news?pid=20601087&sid=aNrvd_rk.PUs&refer=home I'm going with Mr. Lee here. I find it pretty unusual that NFP would beat the analyst estimate and yet it still sparks a sell off in dollars, a buy up in oil, and consequently a sell off in stocks. Look for a...

And he didn't even need to look at an RSI to tell you that! Booyah!

lol lol lol ron paul in '08!

agreed

Well, I'm glad I didn't follow this logic after February. Oil has been up, up, up, and gold has been down, down, down.

I'm with you. Except I wouldn't short gold as much, it's already had a 12-14% drawdown in the last two months. Oil, however, is ridiculous. Someone needs to pop that bubble.

lollllllllllllll

Did something happen just before 7:00 p.m. CST (1:00 GMT) today? Eur/Usd and Eur/Jpy both sold off big time. And here I thought it was safe to range trade after the New York market closed...

Have you ever paper traded? If so, why were you not able to replicate your success in the real thing?

I've been doing paper trading for a while now and have figured out a scalping method where I don't fire off many trades but get at least 9-10 pips every 24 hours. I realize that scalping becomes a pretty untenable practice when you are trading more than 100k at a time, so I was just...

I like your approach. Very practical. If you get 10 pips a day at 50x leverage, you can double your account every 5 weeks!

I'm a relative newbie myself; I have had a stocks/options account for about 3 1/2 months. I agree with the above statements that trying to focus not on the money you want to make, but rather improving your trading knowledge and ability is important for beginners. A great way to do this is paper...

You are a racist, ignorant piece of shit. If you are not a citizen of my country (the U.S.), you and whatever garbage family you have should be deported. Your atrocious use of the English language alone shows how uninformed and inappropriate your statements are.

Truer words have never been spoken.

http://www.altenergystocks.com/stocks.html I found this site which is a pretty good watchlist of alternative energy stocks. As you guys may know they've been seeing a lot of volume/action in the past couple months. My question is, which of these are due for another big move soon, if any? I...