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Lobster That is a good point in how different people who have no worries about money and those who still worry about money think. Unfortuantely I still worry about money.

There is no central exchange for forex. There are basically two levels of forex, retail and interbank. Retail is for guys like me who can only play with small amounts of money. For this we go through brokers and trade in small sizes. For the interbank market (between actual banks)...

Moneytec is an excellent resource for FOREX traders. I would also agree that metaquates is used by many. It is my preffered "free" cahrting platform. You do not have to sign up with a bank to use it. It is actually used by brokers as a free charting tool when you open a demo account...

dicipline, integrity, honesty, understanding, respect for those around you, a love for what you do, the desire to always be better than you were yesterday, focus on a goal or goals, and a passion for living life to its fullest.

As a member of a free nation I feel it is my duty to express my opinion and views in this thread. On going to war with Iraq: I truly think that the majority of the US population has had it so easy for so long that they are out of touch with reality. It is my opinion that some people are...

For me simple is better. Whe I stated (just recently) lost consistantly my fist couple of weeks using technical indicators. I decided that I was going to lose myself out of an account if I didn't simplify things. I then switched to using trend lines with support and resistence. Once I did...

Hell yea given the right circumstances!

I am familiar with pivot points, but are they applicable to FOREX. There aren't "floor traders" per se, and the market is 24 hours. Has anyone used pivot points with any success in FOREX. Thanks

Some may find the max leverage of 30:1 restricting. I use 20:1 and that is plenty for me. A lot of more experienced traders use much less than 20:1. I personally am looking to build slowly while I gain more experience. I want to minimize the potentail for blowing out my acount as much as...

I am a newbie myself. I demo traded for almost a year using several different platforms/brokers. For live trading I use OANDA as my broker and use metatrader for charts. OANDA is the inly broker that I have live experience with but I have been pleased so far. I just don't like thier charts...

From all of the doom and gloom around here it would sound as if it is nearly impossible to be a career trader. I agree that a person should not quit everything and embark upon the quest to be a career trader until they are fully ready. By ready I mean psychologically, financially, and have...

Because I can't think of a reason why I won't succeed.

Deflation in America and patrs of Europe is most likely a certaintity sometime in the future. With the rise of the global economy where corporations can send work offshore for pennies in the dollar compared to what is costs in the U.S., Americans will have to face a reduction in the our current...

This is my first post and I have yet to progress beyond demo trading but I have thought about this question alot over the past couple of months. The answer to this question is probably unique to each person. For me to give up my job (38k per year) and do nothing but trade I would have to...