Keep up the good work MC..... and Frazerd, you're one smart dude. I read your "birthday post" a while back and I think that's AWESOME. Maybe one day I'll contribute something that might actually be worthwhile but for now... I got'ta run peace/out TR

Basket 14 EA System

Always Learning — I have learned that; Where ever I go, there I am. The biggest obstacle in trading is me. I would rather trust my own mediocre judgment than to listen to the “experts”. You should trade in a way that makes sense to you. There ...

No more BS - What have you learned?

Yeah, I guess I wouldn't expect you to understand that analogy. It's way over your head. And you still can't comprehend any reasoning for higher leverage. Imagine that. As has been stated innumerable times it isn't entirely about the amount of ...

Thoughts on 50:1 Leverage

If you actually "got it" then you would have had a much better choice of words, so NO, you most assuredly DON'T "get it". It is you that fails to comprehend the words that you read because you're to dull to consider another point of view besides ...

Thoughts on 50:1 Leverage

That's right. 50:1 leverage is sufficient. But you're still not getting it. It's about the freedom to make the choice. Just like you want to have the freedom to be able to trade, period. Some people want the freedom to choose higher leverage. And ...

Thoughts on 50:1 Leverage

Exactly !!! As for the ramifications I'm not sure anyone is sure yet. I have a UK based account (I'm US) and asked the broker if my account was going to be moved back to the US. They don't know yet but will issue a statement sometime soon.

What happens when US citizens switch to Non-CFTC Brokers

No, just as it isn't anyone's "right" to trade 2:1 or to trade Forex at all or even stocks for that matter. So I guess you'll have to "roll with the punches" if they someday decide to ban Forex trading all together. Maybe you can just give ...

Thoughts on 50:1 Leverage

And what would you be saying if the new rules stated that you could only use 400:1 leverage. Would you be whining about your rights then? Maybe YOU don't give a damn about your "rights" but some people do.

Thoughts on 50:1 Leverage

Which again, has absolutely nothing to do with high leverage. If 95% of those who try to sell a box of soap fail then borrowing the money to buy the box of soap isn't going to help.

Thoughts on 50:1 Leverage

I doubt that leverage has much to do with the failure statistics. Those stats are nearly the same in every entrepreneurial endeavor, whether it's trading stocks or selling Amway. So tell me how leverage comes into play when you're trying to sell a ...

Thoughts on 50:1 Leverage

Yup......... I have to throw a smiley (or two) at that sentiment myself.

Thoughts on 50:1 Leverage

Your settings seem right but make sure the EA is identifying your account as a mini account. The correct lot size should be 0.20 or 0.25... something like that, not 2.00 Other than that, I wouldn't have a clue. (I did test it on account that the EA ...

Basket 14 EA System

Hmmmm..... I seems to be a bit "up in the air" still. I asked Forex.com if their UK accounts for US residents would be moved back to the US (before Oct. 18) and they don't have an answer as of yet. They will issue a statement sometime later.

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

The message was edited for quotation marks which was meant to say that no, I am not with IBFX. I posted the message as part of the conversation as it said we will be accepting applications from "all retail traders". Due to the timing of the message ...

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

"G'day! IBFX Holdings invites you to celebrate with us in the grand opening of our subsidiary company, IBFX Australia Pty Ltd. We hope you’ll embrace our family as we launch IBFX Australia. In light of the recent CFTC off-exchange retail foreign ...

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

I really have no problem whatsoever with the new leverage rules. But when everything is regulated for me, I no longer even have the right to make my own stupid decisions (and I've always been pretty good at that). And that's a good point pipmutt.... ...

Thoughts on 50:1 Leverage

.......and yes Forexia, you certainly seem to have won the battle. Congratulations.

Thoughts on 50:1 Leverage

And maybe this is why it will always be a "merry-go-round". “The shepherd drives the wolf from the sheep's throat, for which the sheep thanks the shepherd as his liberator, while the wolf denounces him for the same act as the destroyer of liberty. “ ...

Thoughts on 50:1 Leverage

The original intention of this thread I believe, was not to discuss the appropriate leverage or necessarily the one, single person who is responsible for the decision. It doesn't matter what leverage you or I feel is appropriate. It doesn't matter ...

Thoughts on 50:1 Leverage

My Good Fellow; I don't believe that I have been quick to assume anything (makes an ass of u & me). I was simply posting, not reading replies. I have followed this thread for a LONG time and I have the deepest respect for Sashasan. If you would like ...

Geoff's Manual and Semi Automatic Trading Setup