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I never, ever trade with fundamentals, I just follow what the charts are telling me now. This long EUR/AUD trade could be wrong of course, but that's another story.

In the Forex market on the EUR/AUD each pip is currently worth... $9.50 per standard lot (100,000 units of currency) $0.95 per mini lot (10,000 units of currency) $0.095 per micro lot (1,000 units of currency)

Jokes aside I am long the EUR/AUD at 1.4190 If you want to make big money with the news, you have to play the crosses instead of the currency itself (AUD/USD in this case). For example AUD/USD could move 50 pips after the employment report while the EUR/AUD or the GBP/AUD could jump 100...

23,269,735 people. But since Mike Dundee left there are currently only 23,269,734 people in Australia :D

Watch out for the Australian "Performance of Construction Index" report due in 20 minutes (at 5:30 PM EST), it also has the potential to create some nasty surprises and burn a few stops...

Well I hope you booked 30 or 40 pips for yourself along the way :p On the menu today, the all important "Australian Employment Change" report at 7:30 PM, New York time. I am currently studying all the AUD crosses (including AUD/USD of course) to see if I can find a good entry point...

Possible flag formation on the USD/JPY (15 min chart)...

Pending limit BUY order at 1.6055 on the GBP/USD.

Hi Ramora, I used to watch only the EUR/USD at the beginning of my Forex trading "career", because I always thought that since the currency pairs are all highly correlated anyway, why bother watching them all? And because the EUR/USD has the smallest spread too, I will make more money...

Must be that jump in the Nikkei 225 stock index...

Oh I see, you are trading currencies on the Futures market, not the Forex cash market, via the micro-contracts. It does not matter really, as long as you are on the right side of the market. Ok, the New Zealand dollar is resuming its uptrend now, time to load the boat and make a killing! :)

6 ? You mean you sold (short) 600,000 euros (6 standard lots) to buy the equivalent in US dollars ?

The amount to risk depends on your stop loss. For instance if you open a trading account with $10,000, you could buy 1,000 stocks at $10 each (total = $10,000) and put a stop at $9.80, thus risking only 2% of your starting capital (we will forget about commissions, spread and slippage in this...

So in both cases (win or lose) this pseudo code will double the size of the bet (trade) only once, right? Edit: Ok I know what you mean now.

You can also try this answer : "I work in multi-media" Most people have no idea what that means but it sure will impress them :D

By the way, did you know that the price of gasoline at the pump is 151 times more expensive in Norway than in Venezuela?

Thanks Blah12345678. Now I am waiting for yet another currency-moving report, the Australian trade balance report (due in less than 30 minutes), and since the New-Zealand dollar is the Australian dollar's little cousin, this could speed up things What are you trading right now...

I will be buying more New Zealand dollars at 0.8380. Target is 0.8430, 115 pips above my initial entry point. Come on boy, get up there!

The trick is to buy/sell BEFORE the news, not during the announcement, otherwise the spread could crush you.

+50 pips profit and still counting, closing half my position and moving the stop to break-even. Thank you New Zealand! :) What were you saying, Blah12345678 ? :D