One additional tidbit; 100 years ago, bucketshop operations didn't even have to charge clients commission or spread. People who gambled at these places would just kill their own accounts by trading on shoestring margins. Sound familiar?

Is Forex trading worth it? If so, why?

They are only responding to demand. The cycle of self ruin will still occur even if you somehow gave all retailers the ability to participate in the actual market with a small amount of capital.

Is Forex trading worth it? If so, why?

Is it really? It kinda looks like people inflict this experience upon themselves by their own nature.

Is Forex trading worth it? If so, why?

Currency trading has developed a kind of dramatic quality on FF. Personally, I do not see how trading currencies should be any different from trading interest rates, grains, softs, stock indices, metals or energies.

Is Forex trading worth it? If so, why?

Currencies form an integral part of a diversified portfolio.

Is Forex trading worth it? If so, why?

People approach the idea of pyramiding lured by a few well chosen examples. Adding to winning trades may be appealing because it appears less risky but this is deceptive. You are still concentrating your risk into one instrument, there is no way ...

Building an equity millipede

Ive got a better idea if you want a general indicator of the results of the average retail FX trader. Find an equity curve of the currency portion of a managed futures fund. Then exaggerate it to create large unsustainable equity swings to reflect ...

Research into the profitability of the Retail FX Trader

The qualities essential to the equipment of the speculator are: Self-reliance, judgement, courage, prudence and pliability. The qualifications named are necessary to the makeup of a speculator, but they must be in well-balanced combination. A ...

What personality makes a trader

You can decrease your risk of ruin by taking on more risk exposure.

brain storming - everyone please join us :)

Heres one more: One day a fellow named Elmer Harwood rushed into the office, wrote out an order and gave it to the clerk. Then he rushed over to where Mr Partridge was... ...Elmer made for the old man and, without a word of apology to ...

Has anyone ever attempted to trade every move on the market?

Im happy to concur on this excellent point. If people understood it they would realize that much of the usual talk about technical systems (RR, take profits, win rate, trade frequency, non-systematic entry/exit decisions, pyramiding as an edge in ...

Twelve widely believed forex myths

Indeed. Im only providing OP with the best answer to his question. If I were to have traded the pair given full knowledge of where the low and high would be then I would have traded that way.

Does buy low sell high apply to prices way back?

Buying low and selling high definitely works. Just pick the lowest point and buy there then pick the highest point and sell there. But it doesnt end there, im not sure if you notice but each trading day also has its own low and high point. Therefore ...

Does buy low sell high apply to prices way back?

That image... I can't even tell if this is satire.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

To succeed in trading, you must love the game of the markets. Let me propose a simple test to gauge your level of commitment/passion about trading: You have just inherited 10 million dollars. How much do you set aside in a trading account never to ...

New Guy, Seeking Valuable Advice

1. Buy when price is going up. Sell when price is going down. 2. Risk no more than you can afford to lose but risk enough such that a win is significant. If no such amount exists do not play.

New Guy, Seeking Valuable Advice

In the context of FF, I almost never see Expert Advisors being created with the intention of being purely mechanical. This diminishes the merit of a technical system. Furthermore, if you dont design a system to be robust when fully automated you end ...

Twelve widely believed forex myths

The ways to interpret fundamentals are as numerous as the people that use them. I cannot tell if those people truly improved their edge with fundamental inputs or if they simply had beliefs that predisposed them to prefer using fundamentals or if ...

Twelve widely believed forex myths

Fair enough, but im still curious as to how you would judge the helpfulness of a response given that you don't seem to understand the subject very well. Someone with a silver tongue could easily convince someone like you that he possesses an ...

Any ways of avoiding ends of trends?

Well, if someone gave a different answer how would you know which is correct? What makes you think that I am even correct or trustworthy? lol

Any ways of avoiding ends of trends?