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OP thinks prop FX firms are safer than offshare FX brokers. That is the only reason he prefers prop FX firms I guess. But I don't think prop FX firms are safer.There are also scams with prop firms . There are a few scams in offshare brokers but most are ok. CFTC only goes after a few but most...

I know a guy on a forum who trades forex with volume indicator. This is his post: "In the distant past, I worked with futures, especially with calculating Order Flow from the Time and Sales. But most of my clients blew their accounts, as they were over-committed. So I morphed everything into...

Spot forex is the most liquid market, daily volume is 5 trillion. euro/usd daily volume 1 trillion. GBP/JPY daily volume about 280 billions. It is much much higher than currency futures. (I made a rough calculation based on euro/usd daily volume on spot forex and currency futures,that spot forex...

I am doing good. Most people trade equity but they don't know forex is much easier to profit. If you have been able to (consistently)make marginal profit at equity futures, then you will be able to (consistently)make big profit at forex.

There are two major factors that currency futures are not as good as spot forex: 1. Futures leverage is lower than spot forex. On euro, overnight leverage is roughly equal to 75 times. While spot is 500 times. 2. GBP/JAP is the only pair I daytrading. You don't have this option in futures. My...

"OTC FX although supposed to keep client money in seg account if they dont do it and go belly up traders become ordinary unsecured clients of a failed company period" If brokers keep client money in seg account , then clients' money are protected. If they (brokers) dont do it, then they are...

This is actually a grey area. If offshare brokers do not cross line, CFTC would not care. The line is, if offshare brokers don't solicit US customers,but only accept them when US traders come to them, then CFTC would turn a blind eye. BTW, you are ignorant in thinking traders' money at risk if...

Who care. If someone is caught, plenty people behind would line up. I am happy as long as I have a good broker to trade.

They are not allowed to "solicit" US customers, but if US traders come to them, and they accept , that will be no problem. The situation is similar to online poker. US authorities don't like offshore pokerooms to take US customers, but they can't prevent US sitizens from playing online poker at...

Yes, I traded through them myself for long time. I did not see problems you mentioned at my brokers. We also have online forum that traders exchange information about those brokers. Any issue from any broker would be posted on forum to alert traders...

IB requires 10M to trade forex. Get a offshare broker like Coinexx, FXbrew,with 500:1 leverage and 0.02pip spread(on euro). They are not regulated but many traders traded them for years with no problem. If you are limited to regulated US forex brokers,you are going to tolerate low leverage and...

You are clueless .

Trump is labelled"economic illiteracy" by almost all economists. Many people here are also economic illiteracy. https://www.marketwatch.com/story/heres-the-hit-us-chinese-and-global-economies-could-face-as-trade-battle-heats-up-2019-05-09

I can give you the best signal, buy signals at bottoms and sell signal at tops，90% accuracy .But you need to pay. How much you are willing to pay?

Your $0.37 total per side doesn't include AMP commission. So either AMP doesn't charge commission, or your total price per side is wrong.

1. In poker you play with individuals. Your winning comes from fishes and suckers, who have worse skill than you. In trading you are deal with institutions, and the money which can move market is controlled by smartest people, who have better research tool and better information sources than...

Similarities: Ability to assess probabilities. Ability to find patterns. Difference: Trading requires ability to think independently,to find what the market doesn't know.That means you need to do what all the other 99.99% people can't do. This is because in poker we share the knowledge, but in...

Long 10 units gold + short 10 units gold =flat ( better to sell 10 units gold to save commission and spread) long 10 units gold + short 5 unit gold = long 5 units gold( better to sell 5 units gold to save commission and spread) It doesn't matter when you do it. Whenever you want to open an...

As far as gold related instruments, there are many: silver, JPY, 10 years note, USD. Among them, USD is the least related.Silver is the most related. BTW, silver is a short now.

Don't drink too much, it hurts your mind.