The Purpose of Forums — Well put!!....Forums have GOT to be so confusing and disheartening to new traders!! There can be so much knowledge passed around if people could deflate their ego long enough to acknowledge someone else can do something ...

The truth about trading

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Realistic Account Growth?

Originally Posted by moneymaker2 image Judging from your avatar (and your replies), it is easy to see that you have a negative view of high leverage. And if low leverage works best for you, that is great!! I mean no disrespect, but to say that ...

Realistic Account Growth?

Judging from your avatar (and your replies), it is easy to see that you have a negative view of high leverage. And if low leverage works best for you, that is great!! I mean no disrespect, but to say that scalping with high leverage makes you "not a ...

Realistic Account Growth?

Good question. I don't know much about them, but I think spread betting is exempt from Capital Gains Tax, isn't it?.....

Why Forex

I firmly agree that when you ask for advice in how to trade successfully, you need to get that advice from someone that is as successful as you would like to be, not someone trying to get there the same as you. They may be giving you the most help ...

Newbie Traders: Trading Advice from Someone With Balls

Many new traders are not sure what to do when they decide to start trading currency and a lot come to forums such as this looking for guidance. It is imperative that people taking their first steps in the market take advice from people as successful ...

The perfect trading system

Since this is the Holy Grail/Perfect Trading System, wouldn't it be okay to risk something more than 0.01% of your account? Seems like making 200 pips a week all year long for just over $1000 profit would hardly be worth the effort...

The perfect trading system

Required for some, not for most.. — The Financial Industry Regulatory Authority (FINRA) which used to be NASD gives a two-part Commodities and Futures Exam Series 3 and a shorter one part Series 31 exam if you want to manage other people's ...

any online certified diploma level course for forex?

Very well said!! I am one that uses indicators..Bollinger Bands, EMAs, Slow Stochastics, even a MACD every now and then. I have even found a modified Ichimoku very useful in future support/resistance areas. And I am very successful trading the way ...

Newbie Traders: Trading Advice from Someone With Balls

I can't say what it is like elsewhere, but in the US if you are a self employed trader, you are considered one of two things: 1) self-employed if you can show minimum of two years of tax returns filed as your business, or 2) unemployed if you can ...

Bank loan for traders

Margin has nothing to do with you losing money or making money, but just how fast you do it. With a 400:1 leverage, it may "cost" around $1600 to trade 4 full sized lots; with 100:1, you are looking at about $6400 needed to trade the same number of ...

why not use high leverage accounts

Awww..what could happen?!?! — Not setting a stop loss/limit order immediately upon opening a trade. I went into the kitchen to get a snack and suddenly the lights went out (a car wreck down the road took out a power line). By the time they ...

What was your biggest Forex mistake ?

Wrong forum? — I don't mean to be negative, but should this be in the Commercial Forum? Looking at your posts, you have 90+ posts, three trading journals, two strategy threads, a blog and a website and never once do you mention anything solid ...

99pips strategy

Enabling PMs — To ensure PM is enabled, double click on your user name. On the left side of the screen, click on Edit Options. Check Enable Private Messaging then scroll all the way to the bottom and click Save Changes. I could never ...

so i've lost half my capital

My mistake.... — It was brought to my attention that my earlier post may have been misunderstood to appear I was saying something against Jacko. Nothing is further from the truth, as I have the upmost respect and admiration for Wayne. I was ...

Could 50 Standard Lots move the Market?

The amount of margin has nothing to do with trading or gambling. It is the decisions made to determine if you are getting into a trade or not that makes the difference. It doesn't matter if you are trading 400:1 or 1:1, if you get into a trade on ...

Is 6 pips a day enough for you?

Jacko is a very good trader, but just remember although he has a simple trading plan, because he manages a fund of something over $15 million, his actions are somewhat different than a normal retail trader. He uses a 100 pip hard stop-loss and it ...

Could 50 Standard Lots move the Market?

No impact — No, 50 lots isn't enough to make a difference, regardless of when it is traded. If you think about it, it is the equivalent of just 5 people trading 10 lots, and there are hundreds, if not thousands of people doing that. Jacko ...

Could 50 Standard Lots move the Market?

I can not answer that, as that is not how I trade (I trade 10-20 pip moves, typically off the 5-30 minute charts), but I suppose if you trade for a 2 pip move (that's 2 pip profit--above and beyond the spread) and can consistantly do that, you will ...

so i've lost half my capital