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  1. M

    Forex day trading

    Hi BWC and thanks for your questions. If you judge someone else's results you could be limiting your thinking based on that. People always ask about how much money other people are making. If it is a lot they don't believe it or they think that person has some special skill. If it is not...
  2. M

    Forex day trading

    Yes, Forex is incredible isn't it? For those of you who took the time to contact a few Forex Brokers you discovered that yes it is true that accounts are available in 50:1, 100:1, 200:1 and 400:1 leverage. Your risk is always limited to the amount of your stop loss and even if you margin out...
  3. M

    Forex day trading

    Step one would be to learn how to trade. This is where the first round of losers fail. They purchase a course and after the first day decide that it doesn't work. During this time you can trade in a demo account. Although there are simple methods that consistently work, if you intend to...
  4. M

    Forex day trading

    It is unfortunate that more people are not aware of how trading works. Nevertheless, I enjoy the life that trading provides me. I have never visited a "bucket shop" or scalped the forex. I am primarily position trading but also day trade using a specific method. Whether it is scalping or...
  5. M

    Few points against shorting EUR/USD

    There is a more simple reason to prepare to go long EUR and GBP vs USD. Commercial Traders are extremely long these currencies and extremely short the USD in Forex Futures. As a technical trader I only believe what I see on the charts and look for the next signal. Meanwhile there have been...
  6. M

    Forex day trading

    I still find it amusing how people have such strong disbelief programming. Anyone can look into how Forex works and see that it is a mathematical fact that if you put $100 into a trade and the market moves 50 PIPS (Less than half of what it moves every day) you have just earned $100 or 100%...
  7. M

    Forex day trading

    There are several reasons why Forex is so popular. One is that you can make 200 times as much money than trading stocks without more risk. In a typical Forex trading account your deposit controls 100-200 times the amount of your money that is deposited in the trade. Your risk is the number of...
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