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Knowing when to close can be difficult. I normally have a target in mind. The next resistance level or psych level. For this trade I admit I dont. Heres why: USDJPY 120 is a multi-decade resistance level that was just breached. I think now that its breached the devaluation will really pick up...

Joe, there are lots of people on YouTube who post their trades right after they happened. Forex4noobs does this and they also post resistances on their website. I can agree with you that some short term scalping strategies are like gambling. There is too much noise that it requires too much...

You would lose money if the price barely moved. But if that is indeed the case you could just close the position right away to limit your losses. However, as you mentioned, small price movement is not an issue in Momos. For the first couple FB earning releases, on earnings day there would be...

I have never bought an OTC option before, what broker can I use? Specifically for USDCNH, I think Saxo Bank has OTC options but I am in America so I cant use them. Where else can I buy some?