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Type: Posts; User: jvoron

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  1. Let's see how it will develop next week.

    Let's see how it will develop next week.
  2. Let's see how it will develop next week.

    Let's see how it will develop next week.
  3. It formed a shooting start 1.1480 after all, we...

    It formed a shooting start 1.1480 after all, we will most likely be seeing a pullback over the next two days after this rally.
  4. It found some resistance at 1.1460, but after...

    It found some resistance at 1.1460, but after this breakout the move north will likely continue after a retracement.
  5. Replies
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    I think regulation is always the most important...

    I think regulation is always the most important characteristic to look for when picking a broker. Good regulation is what often separates a proper broker from a bucketshop, and regulators have to...
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    I agree, demo accounts are excellent for practice...

    I agree, demo accounts are excellent for practice and testing. That said, it is important for the demo account performance to mirror the live account one.
  7. It finally broke out above the established range...

    It finally broke out above the established range and there is a significant bullish hammer candlestick on the monthly time frame. I think we will be seeing a move north.
  8. The range still continues and if you're a scalper...

    The range still continues and if you're a scalper it's probably a good thing, but it's pretty frustrating for everyone else.
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    I agree. One must always seek out a reliable...

    I agree. One must always seek out a reliable broker with a proper license, to avoid unnecessary risks, since this industry is, unfortunately, rife with unreliable bucketshops.
  10. The range clearly continues today too, and so far...

    The range clearly continues today too, and so far there is no indication it will end anytime soon, unfortunately.
  11. Let's see how it will develop next week.

    Let's see how it will develop next week.
  12. As I thought, the pair remains undecided today...

    As I thought, the pair remains undecided today too. Hopefully, the range will end next week.
  13. Thread: Forex is risky

    by jvoron
    Replies
    5
    Views
    80

    One of the ways to control one's risk is, of...

    One of the ways to control one's risk is, of course, picking a reliable broker, which means picking a company that is regulated by a reputable government agency. This industry has a problem with...
  14. It looks like there won't be any breakouts this...

    It looks like there won't be any breakouts this week either, unfortunately. I hope this range ends soon, it's starting to become quite frustrating.
  15. There is no change so far, and no indication for...

    There is no change so far, and no indication for a breakout, unfortunately. Who knows how much longer we will have to wait.
  16. The pair continues consolidating for now but...

    The pair continues consolidating for now but hopefully that may end by the end of this week.
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    84

    True, there are a lot of risk related...

    True, there are a lot of risk related to using offshore brokers - poor regulation, lack of capital requirements, no position reporting, etc. Personally, I avoid them.
  18. It's back at 1.1295. The range is clearly not...

    It's back at 1.1295. The range is clearly not over yet, but the winter holidays are all but done, I doubt the range would stretch all the way to Valentine's Day.
  19. Happy New Year, everyone!

    Happy New Year, everyone!
  20. I hope you all had a great year trading and the...

    I hope you all had a great year trading and the next one will be even better!
  21. Forex is certainly a good option, if one knows...

    Forex is certainly a good option, if one knows what they are doing. And that takes time. Otherwise people lose a whole lot of money to it, due to their lack of training and poor choice in brokers.
  22. The holidays will end after this week, hopefully...

    The holidays will end after this week, hopefully after that we will see some volatility.
  23. It's testing 1.1355, let's see whether there will...

    It's testing 1.1355, let's see whether there will be a breakout before the new year after all.
  24. The range is getting even narrower, that sideways...

    The range is getting even narrower, that sideways market will likely last into next year.
  25. Replies
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    64

    I think one way to reduce risk when trading is to...

    I think one way to reduce risk when trading is to use a company with a reliable license from a respected regulator, that's the best way to avoid the many bucketshops in the industry.
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