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Singapore continues to be the largest forex center in the Asia-Pacific region and the third largest market on a global scale, outperformed only by London and New York, the Monetary Authority of Singapore (MAS) said on Thursday. The data is based on the Triennial Central Bank Survey conducted in...

Trends are actually usually quite obvious, as long as one knows how to use trendlines. It's the trend reversals that aren't obvious right away and can cause confusion.

I agree. That said, one should keep in mind that having only one system also means that one can't trade all the time, because most systems can be applied to a specific set of trading conditions.

Forex can provide you with financial independence if you are good enough at trading, with the caveat that it is a pretty big if.

I couldn't agree more. I really need so variety in the tasks I do or my performance suffers.

I don't know, no matter how good one's grasp is if they're too scared to make a trade one still won't make a profit.

He was a fantastic actor. RIP

What do you mean by screen hypnosis?

Even if your theory were true one should take into account that different banks have different interests, so it comes down to bulls and bears again.

They have ended the production of an unpopular banknote. It happens all the time. I think calling it a war on paper currency is a bit of an exaggeration.

That is only sometimes true, I think. There are a lot of people with plenty of knowledge and experience who can't make a profit because they can't keep a cool head.

Isn't that a weird decision, considering the current economic problems in China?

According to analysts here: https://smnweekly.com/2016/07/13/analysts-on-bitcoin-the-one-to-watch-transaction-value-to-tripe-by-end-2016/ the price of Bitcoin could triple by the end of the year. They cite Brexit, the Chinese economy and the elections on the US as the major reasons for such a...

I am aware of all that. Back then, as I was said, I was a total newbie, so I wasn't aware. My lack of knowledge and experience caused me to open that big of a position. My sheer dumb luck - at the time - saved me from the consequences. Which is why it's good to have first and foremost knowledge...

I hope you've been doing - and feeling - better this week. :)

Luck is a minor factor, but it's definitely a factor. For example, once, when I was still a total newbie, I didn't realize that the NFP came out every first Friday of the month. One such Friday I had opened positions, but I was feeling exhausted and I closed my eyes just for a minute - or so I...

Ambition is good. Greed? Greed not so much. Ultimately greed is selfishness, and unchecked selfishness is never good.

That's a good idea, actually. Always lead a detailed journal of your own trading - it helps with analyzing one's own mistakes in the long run.

Trading requires a lot of hard work to become successful. Often years of study and practice and blown accounts go into it. That doesn't change the fact that it's still a highly risky work, even when you know what you're doing and you're not actually relying on chance. I do think some people do...

I rely on technical analysis, not intuition. Trading by intuition has never been particularly successful for me.