Recent content by Miki

Is $5,000 enough to get started with trading? Your answer to my question will answer your question: Will $5,000 loss hurt you?

Try oanda.com - no commissions and 2 pip spread on EUR/USD. Ideal for learning.

Edges get blunt.

I agree with Wallace regarding the forex trading, but would suggest Oanda as your forex broker. They allow you to start very, very small (pip=$0.01 for example). Place $100 in your forex account and practice your strategies until cows come home.

I was trying to point out that daytrading forex can mean that your stops are being “hunted down” by unusually, out of character, large swings.

It doesn't happen all the time, but when it does it makes you smile.

I wish I had a lower pain threshold…

It has been suggested yesterday, in one of the rooms I visited, that this bubble is fuelled partially by the approaching “9/11 sentiment”. There could be some truth in that…

Increase the size when you stop feeling the pain!

Welcome to the Oanda forex club, buggerlord! The best thing about forex trading is the facility to trade at home AND from work. I would really love for IB to adopt their TWS platform for trading via the port 80 too. You quite right, scaling in and out of your positions can be done very...

My humble apologies – I have forgotten the most important thing: the cost of trading. There are no commissions of course, but you do have to pay the spread. I like to trade EUR/USD where the spread is two pips (for 1000 units the cost is 2 cents – not bad at all).

So I am told - I kept falling asleep though. :)

Well, I was ultra conservative when I started last week. I made up my mind to start very, very small – my trading involves buying and selling 1000 units at the time. That means, if you aim for a 60 pip target and 20 pip stop – the maximum you can lose is 2 bucks. With that kind of...

Based upon Marketsurfer’s example I have decided to venture into the world of currency trading. I opened a small account with Oanda in order to evaluate this trading vehicle. My findings are as follows: - You can open an account with a few hundred bucks - You can specify your own...