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Again, more insults, what a surprise. I'm not trying to be right, I'm just defending my original true statement from someone who arrogantly attacked it. If you would have had a different, more respectful, tone to your first point this discussion would have gone totally different. Maybe it...

Ok, this is the last time I will state again what I stated above. If you don't get it then I don't know what else to tell you. Here, again, is the quote that I was responding too, "All of these micro accounts can be funded with a credit card. As a rule of thumb if you can fund a brokerage...

What are you talking about? Here is the quote I was referring too, "All of these micro accounts can be funded with a credit card. As a rule of thumb if you can fund a brokerage account with a credit card stay away." This quote is stating that just because a dealer allows its clients to fund an...

I disagree with this statement. How an FCM or FX dealer allows its clients to fund their accounts makes no difference. You can either make money trading FX or you can't. How you fund the account makes no difference.

By hedging he is referring to the fact that, in the micro sized accounts, FXCM states that they will take the other side of your trade and may or may not "offset" or pass through your trade to an actual bank. So if they don't offset your trade, they win when you lose and they lose when you win...

I am a professional currency trader and I am very profitable. I agree that the dollar is in for a decline as I have been long sterling and euro for a bit now. However, you believe that the dollar will be literally worthless in one year?? So you are saying not a 2.00 EUR/USD, but like a 5.00+...

I believe that "luck" plays a very minor role in most people's success and I believe anyone can succeed if they want to bad enough, if they are willing to do what it takes. Here is where the problem is, "what it takes" for someone born in the poorer "ghetto" type areas is A LOT more then...

That would be kind of funny though if the President could speculate in stocks. I could just see the head line now, "GM needs a bail out and so does Obama because he kept scaling into GM as it dropped!" LOL I think, however, that Vikana is right, government officials aren't allowed to...

I am a little confused why you are bashing those who like hedging to trade multiple strategies on the same pair. Your above quote says you are doing that exact thing except with two different accounts. I feel a little silly asking you this but, you do realize that you suffer the exact same...

Forex hedging is the same as being flat except for the fact that the trader will always pay a negative daily roll. I used the hedging functionality once in a while to enter trades for two different strategies in the same currency. If I am long the Euro with a multi-month hold time and I want...

A time cycle is, as far as I understand it, a measured period or length of time that is believed to form an identifiable pattern and repeat or "cycle". For example if you believed that there was a three month time cycle in Microsoft stock you would expect a trend to last about three months and...

I have never used this tool but I always assumed its usefulness came from listening to it for a period of time and then attaining an intuition for when the yelling had gotten so extreme that it signaled a short term reversal. Kind of like an audible sentiment indicator. I'm curious to see if...

With all due respect I disagree strongly with the basis of your argument. There are several points I could address, most notably would be the one where you talk about institutionalized racism against whites and that I judge you because you're white, lol, but ET isn't the place for a debate on...

I'm really getting sick of all these people being arrogant and judgmental towards the black community. Most of the people making negative comments toward blacks grew up in suburbia in a middle class family, like myself. They have no idea what it is like to grow up in a crime infested, low...

Also something I don't understand about the OP's rant, what does the couple have to do with Obama? It seems he is trying to say that just because Obama is from Chicago that means Obama somehow endorses this? The argument of the post makes no sense, except to accidentally, and probably...

I did a search on Google of "why Obama's stimulus plan will work" and I didn't get one page that had an opinion that stated Obama's plan would work. There was, however, page after page of people stating that Obama's plan will not work. These "experts" seem to imply that it would not just...

Good idea using Google maps to see the actual broker's address. I never thought of that. You should call them up and see how bad they lie about their operation there, lol.

"FX is basically me (the traders) vs the FX firm?" It depends what you mean by your question. Yes, Forex Dealers are taking the other side of your trades, if you trade small size, but no in the sense that the dealers are not actually moving the market against you. The banks and other large...

This is a good post in my opinion. The turtles sort of proved this, all their traders were trading the same system but everyone had different results. Only a few really made it, some washed, and some lost. Focus on developing yourself as a trader and then you will find your own edge, and it...

Geez, I hope my post didn't make it seem like I wanted to break my foot of in someone's arse:eek: Maybe I should tone it down a bit.:cool: It's all in good fun.