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ya I thought about just trading the EUR instead of going the whole forex route; thing is I am more of a swing trader. And I like to have more vehicles to trade incase I see something that looks promising to me. Thats why I was thinking forex because at least if the EUR looked bland to...

I dont like trading equities; not enough risk :) I do like trading options thou and I use equity charts to pick em'

oh well I think they require you to trade 25k usd quote from their website "Forex Trading (25,000 or USD equivalent minimum)" honestly I have been fooling around with the ZG and YG (mini gold) and the mini gold has lousey spreads during nitetime trading ie looking at 4 tick spread here...

Hi, I've thought about trading forex but wanted to ask a few questions first. I have an account with IB but from my understanding they require you trade 25k? to be able to trade forex. Is that correct? I dont plan on starting out with 25k as I learn to trade forex. I've read about...

well JM it all depends on how much money you are investing. Probably shouldnt compare yourself to people with millions that can invest. Consistant gains is what we want based on our investment size.

JM I think setting a goal is great; also it might not be a bad idea to set a stop loss goal ie if you lose 20 points then you call it quits for the day.

I'm not trading the YM today; actually bought some options and SSF. Wanted to take a break. ahh nice run up there on the YM. I'm not really sure on this someone correct me if I'm wrong >>> but one advantage of trading SSF (single stock futures) is that you dont have to fill out every...

I can understand not using a mechanical stop ripley. Thats what I do; but I need to have some way to use a mental stop and one that works (either one I stick too)( or one that is movable and that I stick too). Same thing happened to me yesterday; ... I was long YM dropped I figured ahh...

anyone having a hard time in this market? That early sudden drop looked not so nice. was that caused by some news? I thought for sure we were going north from here

wrangled, I'm a fan of options for high levage trading with less risk. I mean you can use one trade a day for the YM but gaps will get you and sudden drops might be you also. I never really thought about it. Will you look at the YM during the day or just once a day ie at close? You...

actually its the futures ... I actually dont know how to trade forex through IB. I call them the little euro and the big euro for futures. the spread kind of sucks on the little euro ie 3 points. And moves are kind of tough to track. It has decent movement in the off hours; cept it...

Actually JM I did ok today (which to be honest I've had a hard time staying out of the red most of the time). I held onto something when I shouldnt have so it cost me 12 points. I tried to trade the euro again during the day lol. Stole some of my profits from the YM. I should stay away...

I'm not sure what your broker is like JM; but some brokers require you to have a certain amount in your account to trade futures ie like 2k and if you fall below that they liquidate your position. Might want to be sure on that one with your broker before you get a surprise. Also IMO I...

joeyata1 I was going to say; here I thought you had your finger constantly on the buy/sell button :) I was doing pretty good till I held too long on one of my trades; holding onto a fast moving trade will really kill your average for the day.

ya ask away wrangled sure some folks be glad to answer some of your questions ...

JM is that 40 points for both contracts? or is that 20 points movement with 2 contracts? just curious when you get a chance lets see the chart :)

ok so you dont bother looking at the 2 min chart unless its going to confirm the 5 min? that makes sense; so instead of looking for 2 min chart breakouts which often are just fakeouts more then not. I should look for 5 min chart breakouts. And if I wanted to guess on the breakout I...

nothingyet, I havnt figured out which time period I like looking at better the 10 or the 15 min chart. In reguards to what you said; do you mean you suggest to look at the ~ 15 min chart determine the trend and then trade perhaps using the 2 or 5 min only in the direction of the trend you...

I was going to say I could post my days trading if that would help. I made 2 good choices so it helped things out today; usually I dont do as well and I end up negative or just barely positive. 14 round trips so far today - maybe that is too much :)

Here's my issue (I think) maybe you guys can help me figure out how to solve it. My problem is I always try to guess ahead of time what the market is going to do. Meaning ... I see it doing this and I think oh so its going to do that. But then time goes by and the market changes then I...