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Because you have to use another currency to buy a currency, e.g. you can't use USD to buy USD, as each is worth the same, 1 for 1, so there'd be no point. Buy buying a currency makes sense on expectations: so what you buy today can be sold next week for more than you paid.

If the broker has processed your sale today as they should have, I'm hoping you still get the money. The transaction was concluded before the bankruptcy, so the broker should not have lost out,so no legitimate reason not to pay you.

Look we're traders not scientists. We want to make money, not prove stuff.

You should not think that long-term trend-following trading is for pocket money. That tends to the thinking that the only meaningful income is from day-trading. Income from long-term trend-following trading is lumpy but that's because you run the winners so you don't really want to close them...

Well this is generally true, but if anyone can find a stock that's showing a 52wk low after more than 10 minutes of any January in any of the last 8 years..... what the heck's wrong with it?

I can, that's a trend, and I will........

Chasing turning points and focusing on shorter time-fame charts and faster pay-back times are how new traders go broke. Well, alright, not all new traders. Just about 90%.

The other major currencies matter in gauging other major currencies' strengths. There are more readily tradable pairs than dollar pairs.

Complete information is not always available, true. But that's no reason to ignore information which is available, obvious and relevant.

The factual part of your post is good but I am stating very clearly that I put in about 30 minutes each evening looking at charts and setting orders, about 2 hours each weekend updating the watch-list and prioritising targets, and I am profitable. I never look at charts during market sessions...

That's not the full picture. The GBP is bullish against many other currencies, not just USD.

I am a trend-following trader, trading forex, indices, occasionally oil and gold, over multiple day time horizons. All my trades are opened and closed using pre-set orders off daily charts. I put in less than 30 minutes a day, plus about 2 hours at the weekend. I can assure you I am profitable.

Choice of market - things to consider - Do you want to hold over-night? Over week-ends? A few hours? What areas do you already know about? Forex? Stocks? Certain industry sectors? Commodities? What leverage do you want / can you afford? What have you traded so far and why did that not go so...

I am profitable and only take trend-following trades. However, these are NEVER intra-day.

Don't understand buying at 52wk lows. Buying a stock that is going down. All the big players with smart analysts and fancy computers are selling. That said, my advice on exits is never set a TP. If the holding gets into profit, move the stop-loss up and buy another load so you double your...

Don't know how high it'll go but I'm long GBP/JPY and looking for long re-entries into GBP/USD again next week if poss. After that GBP/CAD or GBP/NZD look like next opportunities.

I for one always thought fracking was good........

You're right Xela, so much about the UK is damn confusing. Unless they've lived here people will find it very odd the population of the City of London is 7,500!

In the UK we stupidly include as a "city" any town which has been granted city status by letters patent whatever that means or royal charter. So small market towns like Salisbury (population 40,000) squeak in. Salisbury (charming) is certainly larger than Midsomer Grasscrap-in-the-Marsh but it...

Trading software packages and sold training courses and strategies are there for a reason - to help you trade profitably, there's not question about this. However, the vendors also know just as we do that most purchasers will not trade profitably using this package. Features like trailing stops...