Haven't we been here before??? All we need is 200 posts from Forexia, saying the same thing again and again, to make it complete.

Thoughts on 50:1 Leverage

They're my favourite posts, actually, when a noob goes on the cable thread, screaming blue murder about the 13 pip spike that wiped out their account, blaming it - of course - on their broker doing another one of their famous stop hunts! Bastards!

Thoughts on 50:1 Leverage

50m a big oda? In what pair? Guess you must mean an EM currency, where it is more difficult to trade and not leave a footprint for other banks to see? In EURUSD, for instance, a 500m oda can be moved through the market whilst remaining under the ...

Professional forex traders

think it was BE+1.... how's it going, Azim?

Cable Update (GBPUSD)

Whatever works for you is great. If you are still around in a few years from now, managing to derive a full-time income solely from trading, then I'll place more weight on your perceptions. My experiences of the markets clearly differs from your ...

Cable Update (GBPUSD)

I would avoid setting a daily target, as doing so can lead to a trader taking positions purely out of desperation, in order to get their 50 pips. The market cares not for someone's arbitrary daily pip/dollar target and, thus, will not gift us with ...

Cable Update (GBPUSD)

With that impassioned speech, the inspired words from which are still resonating in my ears, I have completely changed my stance. Why the heck should Obama and his big government cronies stop the innovators that are the micro account ...

US citizens won't be able to have forex accounts overseas

With all due respect, you have not argued your corner effectively, having overlooked or not understood the most basic maths that surrounds the application of leverage and risk management. Thankfully, Pipmutt and Billflet were present to put you ...

US citizens won't be able to have forex accounts overseas

That's not true. As you point out, banks now record their housing loans on an accrual form of accounting, rather than the old mark-to-market (fair value) method. This means the loan appears on the asset side of the balance sheet, marked at the loan ...

Cable Update (GBPUSD)

I'll second that one... Always curious to learn a new trick or two.

Cable Update (GBPUSD)

You ask some decent questions, which adds value to the thread. There are a few very good traders on here (Wormboy, Fudomyo, Cloggie and a couple of others who know their stuff), making it a reasonable place to learn for the newer trader. Just be ...

Cable Update (GBPUSD)

If the market doesn't get to it first!

Cable Update (GBPUSD)

gone down to 3 million and counting now, following this week's moves

Cable Update (GBPUSD)

Are you trading ES futures for your clients, not knowing this?

Cable Update (GBPUSD)

He's already spoken (via a pre-released transcript at 10 EST)... You've missed his comments?

Cable Update (GBPUSD)

How did I know that would be the response.

Cable Update (GBPUSD)

I'd also be genuinely interested in seeing this.

US citizens won't be able to have forex accounts overseas

It's a case of acknowledging the presence of the known-knowns, the unknown-knowns and, let's never forget, the unknown-unknowns. Simple really!

US citizens won't be able to have forex accounts overseas

This can't be surprising for a pro such as yourself, that there isn't much movement ahead of such big event risk in a few hours time. You should be used to this, from trading ES futures on behalf of your clients.

Cable Update (GBPUSD)

That's an impossible contradiction. No one with any sense of money management would ever consider using anywhere near 100:1 leverage.

US citizens won't be able to have forex accounts overseas