Forex rebates on every trade - win or lose!

Spain PPI @ 0800

Oh... Morning All

this is becoming an essential read first thing..Mondays
thanks

Hilary, thanks for your comments. As you possibly know I am more an investor rather than trader. Warren Buffet had much the same idea when he started buying foreign assets last year due to what he thought was the dollar weakness.

I believe pure trading to be a zero sum game unless you are doing it with other peoples money -:)

Paul,

You'll have to trust me because I've no intention whatsoever of talking figures. Trading is not a zero sum game and I wouldn't bother doing it if it were.

edit: I'm still long Cable from the end of last week, btw. :o)

Ive just closed my long cable from last week. +200pips.

I also closed my Long Euro -8 pip.

Short Euro @ 11870

Nice one, Tellon. I've pushed my stop up a bit tighter to lock in some decent gains. The pullback looks overdue but I suspect the upwards momentum could continue for another day or so yet.

I agree, but ive been burned before when i got gready, so took em while I could..

It's teetering now on the edge of my stop. Will she stay or will she go?

New home sales up 8.9% up to 1.23 million annual pace in March.

Hilary, you are a delightful lady but sometimes text talking can be misunderstood. What I mean is that trading is a zero sum game because for every winner there has to be a looser apart from the broker in the middle.

From an investment viewpoint generally, successful investments imply winners on each side.

Not saying you cannot trade, but from my own viewpoint I prefer to play a game that favours winners.

Best of luck with your forex trading

Oh, I see what you're trying to say, Paul. If what I read on these boards is correct, I would've thought that, for every winner, there are more likely 20 or 30 losers.

Everyone can get lucky once or twice, but a successful trader will win consistently on a regular basis. If you happen to be one of the "1 in 20" brigade, what's the point in doing it with somebody elses money? You might as well use your own.

Hilary, yes you are right, pure trading is a talent which not all of us have, and that includes me to an extent although thanks to some people here I am at least now the right side of 50%!

Prefer to look at investment as its less stressfull. I class you as a successful trader though, interestingly enough the other consistant day trader I know personally (known as Smelberg on afn) (Paula) is also consistantly good.

Morning All,

Ive moved my stop loss to break even on my Euro Short from yesterday. Its testing the resistance on the hourly chart and it looks a bit strong for my likeing..

France Q4 GDP in 6mins.. (0745 BST)

So we may get an answer soon..

Hils.... you still in your long Cable...or stopped out?

foale,

Stopped yesterday. Was tempted to long again at 7am but decided on the handsitting approach instead.

Im considering a Long GBP/USD with a target of 18150. Not sure yet thought..

Target set by 1-hour chart resistance of Highs.

CBI Industrial Trends Survey in 7mins that may help me make up my mind.

Long GBP/USD (Day - Short Term & Postion - Long Term)

I think the short term maybe a mistake so using a tight stoploss. Long term im looking for 18050 - 18150

US: April consumer confidence (1500 BST), March existing home sales (1500 BST);

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