realistic goals — Look, There are 20 trading days per month. If I make $ 50 PER DAY, that's $1000!!! I can treat my family to THE FINEST RESTAURANT IN TOWN!!! THE BEST WINE, THE BEST SHRIMP/PRIME RIB WHATEVER IN TOWN. I CAN LIVE LIKE A F-ING ...

Thoughts on 50:1 Leverage

To Pinoyboy — Mabuhay! I totally agree. To anyone - look at your trading system. If you're unprofitable at 50:1, you won't be profitable at 100:1 . THINK ABOUT YOUR SYSTEM! WHAT ARE YOU REALLY TRYING TO ACHIEVE?? The FOREX market is 1.5 ...

Thoughts on 50:1 Leverage

follow-up — OK, some disclosure is requied here I tried off-shore brokers -the ones that claimed to be STP. As soon as the new rules were implemented, guess what? They closed my account! In retrospect, i'm HAPPY THEY DID! I had an account with ...

Thoughts on 50:1 Leverage

50:1 Leverage — Look, ask yourself this - if you can't make money with 50:1 ( which btw is higher than most FUTURES CONTRACTS ) what makes you think you can make money with 100:1 or higher? I'm GLAD the CFTC restricted U.S accounts to 50:1. ...

Thoughts on 50:1 Leverage

A question — I too have heard about metetrader 5. One simple , staightforward question - will I be able to transfer custom indicators and EAs from MT4 to MT5? I haven't actually heard whether or not MT5 will take MT4 indicators.

Metatrader 4 vs Metatrader 5!

offshore — I'm starting to look for a good offshore broker and suggest everyone here follow suit. Like many of you, I'm basically libertarian in outlook and don't want the government's "help". It will only get worse here in the U.S. - Obama ...

Could 10:1 be the new leverage in US Forex?

LOL — THE WORLD WILL END ON DECEMBER 21, 2012 MARK MY WORDS, THIS IS NOT A JOKE ................................... ................................. ................................... ................................. I will not reply to ...

Cable Update (GBPUSD)

conspiracy? — I'm certainly no expert on Malaysian central bank activities But here's a thought - maybe they're mad at forex speculation because some years ago George Soros made a bundle shorting the Malay Ringgit. Is there anyone here from ...

Malaysia central bank states Forex is illegal

That is absolutely correct. There is a common misconception that the problem is high leverage. No, the problem many traders have is their own lack of discipline and lack of proper money management. Leverage is really a non-issue. This is an ...

Leverage in forex

If that's the best Gensler can do for us, then, no thanks, I don't want his help. Anyway, he IS trying to force currency-trading into the exchanges. He wants to help his buddies, the futures brokers. I'm glad my broker has set up an office in Belize ...

Could 10:1 be the new leverage in US Forex?

That is one good thing about the Oanda platform - it allows you to enter fixed SL/TP in pips. I use MT4 and have to enter them manually. Hopefully, MT5 will correct that.

Small time relative newbie taking small steps

We have that "delusion" because we understand statistics and can do the math. Maybe you should take a class. Non-scalping methods with SL < 15 pips ? Yeah,sure.... How's everything in the Matrix? I bet the steaks are delicious and the trades are ...

(can) small accounts make a living ?!

answer is easy — Can one earn a living trading forex with a small account? Well, "small account " must be defined , of course. But , if you mean accounts smaller than 50K, then the answer is probably no. Here's why: You need to earn enough to ...

(can) small accounts make a living ?!

Never been to Oz, but I live in downtown Honolulu. Yes, Hawaii is beautiful , but there are a couple of things to consider : You're still under the US regime , so no escape from the IRS. Also, there are state income taxes and well as local sale ...

Best place in the world to trade from?

Laidi — I've seen Mr. Laidi numerous times on TV. He's a good analyst. Like many others, he earns a paycheck from a brokerage firm rather than "taking the plunge" as a private trader. The same is true for Schlossberg, Lien, et al.

Ashraf Laidi "calls"

hell I remember waiting 20 minutes to get filled and by that time, something came out filled and went against me (yet hit profit multiple times in those 20 minutes) with FX unless your trading extremely large lots you don't have to wait more then 30 ...

Got into a discussion with someone, he says forex is inherently a losing game