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Featured Articles 2014

Featured Articles

November 06, 2014

Ask Your Advocate: Help! I am in a Forex Death Spiral

Question for the Advocate: I read your article on the death spiral and I feel like I am in it. I got hit on a GBPUSD long position without a stop, hedged the loss and it has only gotten worse when I try to trade the hedge. Can you help me get out of the spiral as my account is dwindling fast and I want to keep trading?

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October 22, 2014

Ask Your Advocate: Are Forex Brokers to Blame for Traders Losing Money?

Question for Your Advocate: Skeptic always said retail traders will always lose money when we trade via a market maker. How true is that?

Your Advocate Says: Before I begin, I need to make it clear that I am not here to defend forex brokers, including those who act as market makers and that traders have to take responsibility for losing as well as take credit for winning. It should not matter to a trader if a broker is a market maker as long as you get consistent pricing/executions and you

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July 08, 2014

Ask Your Advocate: Who is the Best Forex Broker?

Ask Your Advocate: Who is Considered to be the Best Forex Broker?

Your Advocate Says: Before I relate my findings, you have to decide your priorities in choosing a broker. This makes “best” a relative word as what is best for you is not necessarily best for me. However, there are certain basic criteria that you need

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June 24, 2014

Ask Your Advocate: Is a Forex Trade Copier Right for Me?

Ask Your Advocate:

What do you think about a trade copier as a way of investing in forex trading?

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June 17, 2014

Ask Your Advocate: Is the Trend Really Your Friend?

Ask Your Advocate

Hi Jay, I enjoyed reading your article on trading  tips and in particular like the one about staying with the stronger trend.  MY experience with trading is NEVER trade against the trend, even if it means trading only once a month.  However, I suppose it is hard to be that disciplined, which is what tells the winners from the losers. Your view?

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June 02, 2014

Ask Your Advocate: How Can I Improve My Money Management Skills?

Ask Your Advocate: I would like to improve my money management skills. I want to find books on money management for futures trading. Do you have any advice?


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May 21, 2014

Ask Your Advocate: Do You Believe in (Trading) Miracles?

Ask Your Advocate: I am long EURUSD above 1.38 and could you give me advice whether to hold on or hedge it. Last price is 1.3706 and I am long at 1.3812.

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May 12, 2014

Ask Your Advocate; What is the Optimum Leverage for a Retail Forex Trader?

Ask Your Advocate: I am a relatively new retail trader and I could use some help choosing the best leverage for my trades. My broker allows 400:1 but I am scared to trade too high. Can you suggest the optimum leverage for me?

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May 06, 2014

Ask Your Advocate: Like it or Not. News Matters!

Ask Your Advocate:

I know news matters but how do you trade it? It used to be easy but now I find myself getting caught out more than I make on it. These are the times when the forex market moves so I could use some help on how to trade after news comes out.

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April 23, 2014

Ask Your Advocate: Beware of the Fine Print (Update)

On April 3, 2014 I wrote an article entitled, Ask Your Advocate: Beware! Read the Fine Print, in response to an urgent request from one of our GTA members asking for help in a dispute with a signals provider. I am pleased to report that it has been successfully resolved.

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April 22, 2014

Ask Your Advocate: I Need Help Trading the News

Question for the Advocate:

I know you have written about widening forex broker spreads but I would like to ask again how to trade when forex spreads widen on news? I like to trade news and am having trouble when spreads widen. If you have any suggestions it would be appreciated.

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April 17, 2014

Ask Your Advocate: Is it Safe to Follow a Trade Call?

Question for the Advocate: 

I am a new trader and is it safe to follow someone’s forex trade call?

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April 03, 2014

Ask Your Advocate: Beware! Read the Fine Print


Question for the Advocate:

I urgently need some help from you please. I took a 3-day trial with a signals over a weekend so I could test it out in the following week. I got charged the full amount on Sunday and now cannot get them to answer my emails. Please see if you can get them to reply.

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March 26, 2014

Ask Your Advocate: Why Can’t I Make Money Trading?

Question for the Advocate:

I feel like I am in your death spiral. I make some, lose some but my losses exceed gains and my account balance is slowly dwindling. Why can’t I make money trading forex and other markets? I could use some help.

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March 24, 2014

Ask Your Advocate: I Got Screwed

Question for the Advocate:

I got screwed by a forex broker who put false trades in my account. My problem is that I was trading with a broker who I thought was regulated by Australia but it turns out my account is with an office that is under a different name located elsewhere. There is no regulation for this broker. It is a scam. What can I do?

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March 18, 2014

Ask Your Advocate: Are Forex Broker Deposit Bonuses a Scam?

Question for the Advocate

I have seen advertisements for forex broker bonuses as much as 100% and I want to know whether they are for real or a scam?

Your Advocate Says

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March 11, 2014

Ask Your Advocate: Is Trading Gambling?

Question for the Advocate:

Is there a difference between forex trading and gambling? I find myself gambling as much as trading.

Your Advocate Says:

This is a good question as it can make the difference between failing and having a chance to succeed. Compare a professional gambler who plays the odds with a casual gambler who hopes to make money if he gets lucky and measure the results. Similarly, there is a difference between a professional trader who relies on a systematic approach, discipline

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March 03, 2014

Ask Your Advocate: Do Spreads Really Matter?

Question for the Advocate: I saw you wrote an article on forex broker spreads and was wondering do they really matter?

Your Advocate Says: Spreads matter but the extent to which they matter depends on the type of trader you are. It also depends on the executed spread (see my article Why Do Some Forex Brokers Widen Spreads?) as the stated spread is not always the true spread.

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February 28, 2014

Was Eurozone HICP (CPI) Leaked Beforehand (Follow Up)

I submitted the following to the Eurostat and suggest others do the same to put public pressure on investigating whether the HICP data was leaked. While I do not hold out high hopes that it will be addressed, the more people who contact Eurostat, the greater chance that it will be taken seriously.

Description: I represent an association of global traders. The reason I am contacting you is I suspect the flash Eurozone HICP was leaked beforehand. We have suspected European data being leaked for some time but this was so blatant as it appeared to occur around 10 minutes before the release time that I had to report it. One look at the EURUSD price action and I knew someone had the data beforehand as it firmed to the high of the da

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February 28, 2014

Was Eurozone HICP (CPI) Leaked Beforehand?

One of the goals of the Global Traders Association is to fight for a level playing field for the global trader. This includes getting a fair chance to react to economic data, such as today’s release of Eurozone HICP (CPI), where price action suggests there may have been a leak.

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