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First, I would like to say that I hope it doesn't feel like I'm picking on you, because I am certainly not. I have respect for you and everyone one on these forums (although with some people it's tough). Because I have a lot of experience and, it seems, I am one of the few very profitable...

Why is it that people with way less experience in this industry and do not know what they are talking about, always chime in with aggressive, ridiculous statements. I have been in the FX industry for over five years (and trading in general for almost ten) and I am VERY profitable. And yes, I...

Though some of your post has truth to it, this statement is not how most FX dealer spreads work. The dealer does not need another retail trader to offset for a profit. The dealer quotes a spread that is completely outside of, and surrounds, the inter bank wholesale rate. They make their...

Good post and I agree. I don't think you have to be on an exchange floor to fit the self reliant, tough as nails, trader mold but I see your point about most screen based retail traders. And your last paragraph hits it perfectly for us non-ivy league guys, it may take more dedication and work...

Yes, I would agree that if your goal is to make 100k/year, and do it with a realistic and secure route, then your option 1 would be the preferred route. I would also recommend that most younger people choose option 1. I didn't decide to become a career trader until I had already quit college...

It's nice to see someone with real world institutional trading knowledge, like sjfan, in these forums. I agree with some of the points made by him. However, where I disagree with him is in the markets being efficient. In the ultra short term ranges, I believe he is probably some what correct...

No, quotes for the mini S&P are $25 a month. He could start with the mini Dow instead (which moves basically the same) and the real time quotes are only $10 a month.

I think Tradestation is a good deal for beginners. They have decent commissions and a good charting/execution platform. The platform is also free with 10 round turns a month.

+ emotional awareness

No offense to Canuck709 but that was a funny statement, lol, with some truth to it. In all seriousness though, if you are asking that question you should start with the mini. I could be missing something, as I have never traded the big one, but the only major differences would be the...

This crap just keeps getting worse. These shady people have completely ruined the hedge fund industry. One cheat or crook every so often is part of the game, but every week it seems there is a new headline. These people have ruined it for everyone else. I actually hope that they begin to...

The best way that I've always known if I'm in the right position size to account size is to be worried enough, yet calm or bored enough, to have a healthy zen like focus. If you are too worried you will get shaken out of trades prematurely and you will be looking for every little reason to...

Yes, I hear you. If I replied to every no it all post from these people I would have no time left and cramped wrists. Sometimes, though, there are interesting things to read on here so this site does serve its purpose from time to time. I also do like to contribute occasionally to help out...

In my opinion each type of broker has its use. I use the dealer model because of the relatively consistent and reliable spread and I don't have to pay a commission. My trades are longer term 1-5 days and 80+ pips so the advantage of using an ECN is not large enough for me to move my accounts...

No offense but daily returns mean nothing, it is consistent monthly and yearly returns that produce gains and attract other people's money. Obviously one has too see a consistent stream of days to get a realistic picture of the account. (+2%, -2%, +3%, -2%, etc. doesn't add up to much in the...

I am sick of listening to you man. I could debate with you until the end of time and you still wouldn't understand simple concepts like, just because a dealer offers credit card deposits it doesn't mean they are a bad firm. An experienced FX trader would laugh at you for this comment...

What the hell are you talking about? My clients money is run through FXCM and they all know about it. FXCM is one of the largest and well capitalized dealers in the world. What would I be hiding? I didn't want to respond to your post because I am tired of responding to people who think they...

I am a professional trader and I have used FXCM's standard account for around four years now. I actually manage several accounts through them and I have no complaints. Customer service is good, withdrawals are quick and easy, and the spreads seem competitive. Eur/usd 1-2, Gbp/Usd 2-3, and...

I am not going to debate this with yet another person. Read my response above. EDIT: Forget it, I'll just delete the post. I don't have the energy to discuss this anymore. You guys win.

It's no wonder why there are hardly any professional traders on these boards because if someone posts a clear, easy to understand statement, it gets attacked with insults and backward logic from people like cabletrader. Cabletrader you wrote, "Bottom line is a card-accepting broker wants you to...