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And you don't think the impact of the spread is significant enough to make them more difficult to trade? If you've got a standard retail account and you're losing 2 pips per trade, that adds up fast. Why play the 1 min for lots of small moves when you could be playing the 1 hour for larger...

I don't understand this idea that big leverage = immediate blow out. If you're careful, why NOT trade their money instead of yours? What's wrong with only having to put up a fraction of what you're actually trading? I think it actually makes things easier because you're able to make more...

Yea, I suppose that one is subjective. It was that way for me. I can't imagine that, given the failure rate, trading comes easy to many people. You really have to love it to stick with it until you get it. I guess that's what I was really getting it.

That's true, they're all fractals. But being unable to identify the differences and being able to trade them are two different things. Yes, of course it's doable. IMO it's just more work for less gain.

Good point... I'm new to Forex too. I've been trading it for about six months. I'll give the OP my observations/lessons (in no particular order, aside from the first one): #1: You have to live/eat/sleep/shit trading to get good at it. Once you get the hang of it you can relax a little...

Long live American media - opinion first, facts... not at all.

Are you being sarcastic?

x2 Throw the indicators out and just do what the chart is telling you. If forex money was that easy, everyone would be doing it.

So you need ~200 pips by your next birthday? Go long AUD/USD or EUR/USD, or short CAD/USD, on the next pull back and hold until you're up $200. :p Seriously though... indicators are liars. I'd think twice before using a strategy that relies on them solely.

It almost does seem as if it all moves together. I was watching the Dow and AUD/USD on Friday. They moved identically. And I don't mean just in the same general direction. They even had similar move size. When the Dow jumped, AUD jumped. When the Dow stumbled, AUD stumbled. Dow went...

Maybe you need to widen your time frame. Once you filter out the noise, the trend is up. Other good observations include: - Take profit on shorts FAST, better yet, don't short - 2:00-3:00EST = rally time - Initial open price and early morning movement mean jack shit

People have been saying that since Dow 8,000.

Thanks, that's what I figured. And thanks to everyone else. Makes more sense now.

Well that was my point. If all that will be accepted is 8+%... maybe it's just time to stop issuing debt and start paying downt he current debt to get the rates out of the stratosphere. Or does it not work like that? Forgive me, I r economicz noob.

Is this ANOTHER top call?

It's all about the ticks (or pips for the forex guys). Don't look at the actual dollar figure, just manage your positions based on ticks/pips. It could be for $1 or for $1,000,000, doesn't matter.

Could they even let yields get that high? I'm not really that up on economics, but 8% seems completely unsustainable. Why would they even bother issuing debt at that rate? Seems like it'd already be game over when we got there, nevermind if we actually started handing the notes out with those...

^I noticed that AUD/USD and EUR/USD have followed the SPY to the letter. That's where my question originated. Sort of... What I'm actually asking is: Is the market going up because the dollar is going down or is the dollar going down because the market is going up?

Sweet. That'll be about as significant as a gnat pissing in the ocean. Next, Obama donates his morning coffee/donut money to pay down deficit.