Mp --- First, Find The Broker Who Will ! — it appears that all brokers have a limit on number of lots they will allow to be traded without a prior agreement in place ----- mine allows 20 lots and after that we sit down and talk, so the number ...

Is it normal to trade at $1600 a pip?

If youre ABSOLUTELY NEW to trading, it should be on a demo until you can make some sense of whats in front of you. If youve spent a decent amount of time on a demo, then VERY small amounts such as youre doing "may" or "may not" be advantageous, ...

0.01 pips

A limit order is always superior to a market order but at times its really of no matter --- if youre placing a trade on the H1, let us say, market or limit order would NOT matter very much in the longer range scheme of things, as it wont be but a ...

Questions about Live trading!

YEAH, aint it great how that happens magnum ? Thats why i use chicken bones -- REALLY keeps the masses confused ! of course, a little smoke and mirrors aint bad either. mp

Indicators Crap

while standard practice for a number of INDICATORS, please note that the PSAR is a CHART OVERLAY and does not go into an indicator panel because of this, that combination will not work, as will NO chart overlay go into an indicator panel. sorry mp

Question about setting up indicators

in actuality, ive found a number of excellent "custom indicators" for the MT4 platform that give full information on a large list of currencies, and the situations within them that lead to an arbitrage possibility --- what i refer to is the ...

Tools for forex arbitrage

as has been mentioned, without the ability to interact with the tier one bankers, a retail trader doesnt stand a chance. Once you can become an "institution" unto yourself, you will be able to arbitrage --- as a retail trader, I do not know of any ...

Tools for forex arbitrage

Mp -- Most Interesting And Correct — as written, and from the standpoint of employer/employee hiring practices and working, the original poster has definitely covered the bases well. While some may not be needed for the self-employed, the ...

College Major for an FX Trader?

Happy, I offer you two free tickets good for unlimited lessons in trading using, among other things, the s+r lines and the LRC that should increase your usable share of available pips beyond your current crop. It aint the farming method, the tractor ...

Indicators Crap

Mp --- The Side Youre Not Considering ! — While the majority of people, trained to believe it is the only way, or perhaps not courageous enough to try it themselves, remain wage slaves and work for others, amassing grand degrees and playing ...

Considering a career in trading

Mp -- Reasonably Simple — If EVER you take 20 cents of someone elses money, you had best have covered your nether regions with some form of liability protection. while an LLC affords you the liability protection of a corporation and many of ...

Setting up a LLC for Forex trading

Mp -- Youre All Baying At The Moon — I can only state it so many times, and then watch as people run hither and yon, ignoring the nose on their face ! INDICATORS, PRICE ACTION, CANDLESTICKS, CHICKEN BONES AND THE MAN BEHIND THE CURTAIN ALL ...

Indicators Crap

WHEWWW --- that could take a book unto itself, but I'm opening a thread in the newb section and will be going through all of that in time. enjoy and trade well more answers as the days unfold will be in my new thread -- look for my initials. mp

clearing house

well, i dont know much about statistics but i do know a lot about indicators and if i can pick off an H4 trade, 8 hours before it even begins to move in the correct direction, I would think the indicators have some value. While the price can wander ...

Full Time traders only : Timeframe Poll

market analysis is best left to those who gather around water coolers and find time to state things they have to defend later --- personally, I choose to simply trade and let others talk their way thru a forex day. of course, while trading, things ...

What is the typical day of a trader ?

in a very short time, MB trading will go over to the MT4 platform which is in alpha testing at the moment --- they are an ECN, which eliminates any urban legends concerning "brokers" but i believe their minimum is $250, but they are honest, well ...

choosing a broker

no, as i talk and the program types and i post a lot ---- at times i hit the "buy" or "sell" button for kicks and then go back to posting ! three monitors --- two with charts and the usual stuff and one split screen between email and forumns ---- i ...

What is the typical day of a trader ?

while manly testosterone drives men into never reading instructions, NO INDUSTRY OF NOTE allows one to simply hop into a plane, perform even SMALL brain surgery or do ANYTHING ELSE without full and varied experience first. If you cant make it work ...

Questions about Live trading!

only as an observation, if using MT4 many pivot point, both daily weekly, monthly and yearly already exist in the public domain. no need to re invent the wheel mp

formula for calculating pivot points?

MP -- PIECE OF CAKE — the key being "not using others money" once you do that, you are free to run this as any normal business, and your choice of how to do that should be done with a lawyer, although i would open as a c corp, with some ...

starting a trading house