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He'll learn, don't worry. Fortunately, it's gonna hurt him more than it hurts us lol

You say change of trend I say dollar bull trap. Whats your time frame? The short term trend for the dollar has been up, however I still think that it still has lots of room to go south. Only time will tell, I'm a buyer when it starts to go up again.

I agree, I am out of oil for now (I have been since the 130's), but I still think the trend is still up. 200 here we come.

ok thats good. Just keep practicing. Remember TRADE SMALL!!!!!! I can't say it enough, but even if you don't, look at it like this, even if you never make money while you are in school noone else does either, but you will have a huge leg up on the competition in terms of understanding of the...

hahahah

cramer is wrong too much, don't be like cramer.

Anyway, about slippage... If I were you I would focus on strategies where slippage doesn't matter so you don't have to sit in front of the screen all day. if your are trading a stock from 30 up to 80 over a year it does not matter if you get slipped a penny or two. Someone else also said it...

Look at a weekly chart of EUR/USD, whats the big trend?, up. I Only trade in the long term direction, which for the dollar I think is down. Right now I am short carry trades, cause they represent risk, and I think thinks are much riskier than people realize. Recently I have been doing well...

Don't rule out etf's, at least I don't think so. Well rule out lots of them, but for instance, DXD is a dow 2x short, which if you bought 100 shares of it back when I bought it in October and road it to it's peak (i say the peak, because I think it is going to go much higher) you would have...

yes, dollar is doomed... until its not anymore, but thats a while off i think

Carry trades came down hard yesterday, and since they are a proxy for risk, that could haver been the reaction. Although equities are slow, and coming down anyway, so yeah, we'll see on monday.

greg, just concentrate on not losing money, because at 100:1, if you are not really good already (which takes years, or insane luck) you will lose at first. The problem with luck is that if you somehow do manage to turn 1200 into 500,000 ( which is the amount of capital i need to make a living...

You should look into trading forex with Oanda, they allow you to use any unit size you want so you can really customize exactly what amount of leverage to use. Also if you look at their forums check out the way orlandoflyboy trades, he has a nice simple method of MM that i have found, with some...

I am 20 now and I started trading forex when I was 15. I only began to be consistent about a year ago and it was after I learned one simple fact, use LOW leverage, and let the market come to you. You don't need 20% today, or this week, or next month, so why bother trading that large and risky...