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The probability of reduction to 100% is quite large. I forecast a bearish trend to the level of 1.3710, but if the resistance of 61.8 at 1.3964 does not have a strong impact, it may be up to the level of 50Fibo, but after that, the price will still decline and try to get support for 1.3710.

USD/JPY. Today there was good volatility for this currency pair and the price reached 107.370. This level was the highest and now the price has gone down to the level of 50 Fibo. I believe that further growth will be up to 100Fibo, if level 50 will not be broken. Support: 107.180 and 106.900...

EUR/USD looks like a bomb now and I'm waiting for the triangle breaking that I showed on the image. The Fibo lines show support 1.2170 and resistance 1.2550 to achieve after breaking. The main trendline is bullish, therefore, I predict growing during the Monday US session.

Let's do it. I'd be nice to share and learn different experience.

I'm a web-deveoper and forex trader. I had a big break in the trade and I did not trade for a long time after a big loss. But now I want to be in the market again.

1 - have a patience 2 - adhere to money management 3 - continue to learn

The advice given in the first post is a very good motivation. Thanks to the author for the advice. Indeed, forex gives the opportunity to earn without investments. Partnership, signals, sales of advisors is an nice for those who want to make money on own skills but without investments.

Just do not borrow for forex. This will be your last safe day. Never trade money that you do not have or if you need this money for your life.

Forex should be based on the constant profit outside. As another said before, you can loose all your money in one day and you should have the opportunity to restore your financial position. If I were on your place, I would choose a stable job.

Try to find popular ratings of brokers, which has all the details about the accounts and conditions. You can evaluate the information and choose the right one for yourself. I've tried 3 different brokers and every time, at some point, I'm starting to unsettle something.

Hello David, Your story is very sincere :) I started trading with a simple. I bought an automated robot for trading and it led me to the first losses. After that, I realized that for trading you need to have a lot of knowledge. So, now I'm trying to find experience on forums, on training sites...

Stop-loss is rather good than bad. But it is not always appropriate. Especially when it is possible to wait and endure a drawdown and a minus in order to get the maximum profit.

I've been trading robot since the very beginning of my career in Forex. I decided then that I did not know how to trade and just bought an advisor. But this led me to losses when the automated system stopped working at the time of changing market behavior. So I advise anyone who wants to trade a...