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I have seen posts further down. There is no doubt that your final strategy will be shaped by your financial objectives and your trading pysche. There is only one single truth in FX trading: little guys don't move the market - the big dogs do. All you have to do is second guess the big dogs...

Probably a bit harsh. Peter is very respected as a teacher. He is approaching the end of his trading career and therefore the desire to teach is understandable. His course is very good. What a course does is order and structure the knowledge you already have. This is like college: you hit the...

I have a small live account where I test strategies. I have never tried to make a withdrawal. I use FXCM as my main broker, I have to fax them to make withdrawals. Which brokers permit online withdrawals? Best regards Morty

Hi, FX Solutions (www.fxsol.com) have a hedging facility. Best regards Morty

Metatrader 4 - it's free. Go to http://www.metaquotes.net/ Best regards Morty

Some of the best books weren't written last year or specifically about Forex. My recommendation is 'The way to trade' by John Piper. I bought mine in Borders, World Trade Center, September 5, 2001. Regards Morty

Good luck with your journey! There are three main components you need to be aware of when evaluating FX trading systems. 1. Buy low, Sell high This commonly quoted but often neglected principle is paramount. Any trading system must tell you whether you're in a buy zone or a sell zone. A...

Gossip helps. Market News International posts professional trader views from the futures exchanges. Futures can be used as as proxy. Knowing where demand and supply is (in size) is very useful. Also knowing where the option barriers are helps avoid trading into defensive plays by the big...

Chart providers use arbitrary daily open and close times. The common ones are NY close (5 pm ET) and Midnight ET. For example GTS, which comes with the FXSol platform, uses Midnight ET as the close. FXTrek uses 5 pm ET. Best regards Morty

Then you have to find a place to hedge which doesn't attract negative interest of the same magnitude. Are there ways of hedging a profitable carry trade with the same currency pair? I have seen incentive schemes whereby market makers waive the cost of carry (making them attractive as a...

Similar view on the Euro - long at 1.1870 Best regards Morty

Volumes in the futures exchanges can be used as a proxy. Best regards Morty

I use the Dynamic Fibonacci Trading (DFT) strategy. There is a cheaper alternative to Pronet now as a source of dynamic fib levels. It still costs (You'd be hard pushed to do your own calculations). You can check out the easier to use, cheaper DFT software at traderhousedemo.com Best...

Thanks. I'm sure you right. I haven't had it happen for a while. The point is that this problem leads to NOT getting filled - it doesn't lead to losses. I agree that the most common cause for getting filled at a given level is a slow internet connection (which may not be a local problem) and...

In fast moving markets, I have been "re-quoted" but got the option not to take the new price. The worst that happened therefore was I didn't enter. Did you get filled automatically at the re-quoted price? Bear with me, I have probably mis-understood. Best regards Morty

I have used them for somewhile now. Good platform, fast execution. No slippage. Report facilities are a bit basic. Best regards Morty

Hi, My October trades are at http://www.powdercellar.com/morty/. It was an excellent month for intra-day trading: The dynamic fib levels highlighted 20 point moves most days. Best regards Morty

Hi, You're exactly right. The fib support/resistance levels are the directors and rangers. Best regards Morty

Nope, I specialize in spot FX. Best regards Morty