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Type: Posts; User: jvoron

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  1. Replies
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    It depends on the leverage. Leverage that is too...

    It depends on the leverage. Leverage that is too high got banned by many financial regulators all over the world because it led to significant losses for traders.
  2. The pair remains completely und there likely...

    The pair remains completely und there likely won't be any breakouts by the end of this trading week.
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    Leverage that high is not quite safe though, and...

    Leverage that high is not quite safe though, and it leads to major losses for newbie, inexperienced traders.
  4. EUR/USD remains pretty undecided today and I...

    EUR/USD remains pretty undecided today and I decided to stop trading it until I see a good signal.
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    High leverage does often lead to losses,...

    High leverage does often lead to losses, especially for inexperienced traders. That actually forced quite a few financial regulators to ban leverage above 1:30 to curb that problem.
  6. It's still consolidating sideways, so much about...

    It's still consolidating sideways, so much about a new move south. :(
  7. It rallied back to 1.2170 before it closed, the...

    It rallied back to 1.2170 before it closed, the pair remains very undecided.
  8. Replies
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    True, high leverage can be quite dangerous. That...

    True, high leverage can be quite dangerous. That is why financial regulators have been banning that for quite a while now.
  9. It dropped back down to 1.2100 as I thought it...

    It dropped back down to 1.2100 as I thought it would and by the looks of it the pair may depreciate further.
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    I don't think it's possible to just give up one's...

    I don't think it's possible to just give up one's emotions - they are just a natural part of being a human being. One needs to learn to control them instead.
  11. It dropped back down to 1.2175. The pair remains...

    It dropped back down to 1.2175. The pair remains very undecided.
  12. The resistance is, indeed, around 1.2250. So far...

    The resistance is, indeed, around 1.2250. So far there is no indication for a breakout though.
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    True. This is leverage above 1:30 has been banned...

    True. This is leverage above 1:30 has been banned in quite a few jurisdictions by now, to protect newbie traders from making that mistake.
  14. It has a doji candlestick on the daily...

    It has a doji candlestick on the daily time-frame, that is a sign of indecision. Let's see whether that was the end of the move south.
  15. The market should reopen again soon, the move...

    The market should reopen again soon, the move south may continue.
  16. Let's see how it will develop next week.

    Let's see how it will develop next week.
  17. Thread: Forex business

    by jvoron
    Replies
    7
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    53

    Regulator statistics show...

    Regulator statistics show that the majority of people actually lose money when they trade on Forex. The millionaires are the exception, not the rule, I think.
  18. As I thought, the pair remained as undecided as...

    As I thought, the pair remained as undecided as yesterday. I doubt there will be any changes this week.
  19. The consolidation continues today too. I think...

    The consolidation continues today too. I think there won't be a breakout above 1.2300 this week.
  20. It found some resistance at 1.2260 but I think...

    It found some resistance at 1.2260 but I think the move north will likely continue eventually.
  21. The move north continued today, finally! I think...

    The move north continued today, finally! I think we may see it rally to 1.2300.
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    Losing because of one's ignorance and lack of...

    Losing because of one's ignorance and lack of experience is one thing, but people also often lose money because they got scammed. This is a major problem for the industry.
  23. The consolidation continues today. It's likely...

    The consolidation continues today. It's likely the usual summer range has begun.
  24. It failed to break out above the resistance but...

    It failed to break out above the resistance but that still may occur next week.
  25. It is testing 1.2230 for now. I wonder if we will...

    It is testing 1.2230 for now. I wonder if we will see a breakout today though.
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