I've had two brokers and Oanda is the far better of the two so I recommend you go with them, it's critical with a small account. You could trade with 100 unit lots, trading for a $.01 a pip with $2.59 margin per lot. But if it was me i'd still just ...

Beginner Question

The reality is you'll be doing good if you don't lose your whole account, nevermind making 2-300 pips a month right off the bat.

Beginner Question

I entered a trade at 1/29/07 00:00 and I made some money off of it so I think I might have been in 1st place for about an hour.

Challenge - Oanda contest

If I was drawing a fib retracement on this chart the low point would be 1.9250 My high point would be that last peak, looks like about 1.9920 It looks like it's around a 50% retracement right now and it could be heading higher. I don't think it ...

Where would 'your' low be for the Fibo?

So it's rare but is it that good? What's the laws on taking a used book and pasting it onto the inernet for free?

A $1000 book..

Thanks buddy.

Education for Investing at a B.A. Level

I'm in brothers. Looks like we have quite a few FF members who are long on talk and short on stones. There wouldn't be any posers out there who really can't trade worth a crap, would there? NAH!! By the way i'm probably on the low end of ...

Challenge - Oanda contest

As far as BA level goes, I think the degrees that can help the most are math, economics, finance and computer programming. I asked Boris Schossberg one time what he thought was a good degree for a trader and he said economics or political science. ...

Education for Investing at a B.A. Level

Google financial engineering. There's a couple of schools around the country that have programs. It's basically a masters in trading, there's one school that even has its own pit, forget the name of it, i'm pretty sure it's simulated though. Just ...

Education for Investing at a B.A. Level

It's easy to make profits trading fx if you don't use stops. The only problem is it's just a matter of time before you take a catastrophic loss. I let my losses run a bit too, but when I decide i'm wrong about a trade I start looking for a ...

Why professionals "only" make ~30% anually

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A challenge to those who say Demos suck.

I found a strategy that makes me money off trading a demo. Never backtested anything, I got the basics out of trade books but from there I learned by practicing on a demo. Then I went to real money trading exactly like I did on the demo. I've been ...

A challenge to those who say Demos suck.

I try to get around 10 a day.

What is your daily pip goal?

Look at the crappy tax code we have to put up with in America. Why don't we get rid of all this BS and replace it with the FairTax? The FairTax is a consumption tax everyone pays one time, at the retail level. It replaces income tax, capital gains ...

Forex Taxes

Why can't you just trade as an individual and pay your 15% capital gains tax?

I'm making money now what?

I specialize in one specific strategy and it's making me a little money.

Do you have to specialise?

I think the Illuminati is jacking up oil prices in order to wipe out the middle class of America and pave the way for the New World Order. What do you think itme?

There is no consistent correlation between stock and oil prices

I don't have a system it's a strategy. It's simple and there's a lot of discretion involved, but I never deviate from it. I think most people are discretionary because developing a mechanical system takes more work.

Flexible Mechanical Trading vs. Discretional Trading

Cheaper oil imports lower the trade deficit.

Are low oil prices good for the dollar?

When you make money in FX that's another trader's blood. You also have the gatekeeper to the arena taking a piece of the winners as well as the losers, so really it's a negative sum game.

Forex: A Zero Sum Game?