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There is a very good reason for starting with FX. You get the benefit of playing with small amounts of money without having to risk thousands. For $50 you can start trading micro lots, and I assure you, this is far more beneficial that trading a sim account.

Thanks for the tips. I have been suspicious of indicators for some time now. I no longer use them for my entries and exits. Trying to learn price action. Struggling. Working with FXCM right now. Happy with them as a starting point.

Understood. I'll back off. Sorry. Trouble is however, that these same individuals tend to go on the attack as we new traders struggle through the process.

Maybe, but anybody who sais I can't do it so therefore it must be gambling is just a loser in my opinion. He gave up, and used the gambling argument to rationalize his defficiencies.

Poor Hood. Failed trader, eh? Can I remind you about something you said 5 years ago? So what happened Hood?

Great tip! Thanks.

Beau, I'm sorry you needed to go through a divorce at such a young age. I'm sure you feel like crap as a result of that. However, you need to pick yourself back up again and take control of your life. Stop relying on your Dad's retirement fund. Stop living under your Dad's roof. Take...

I'm sure he too lived in his parent's basement. :D

You've told me that about 50 times. a) I still question whether or not it is real money. b) Can you keep it there?

Fantasy has as many zeroes as you can imagine.

Wow, when I'm all grown up I wanna be just like you! :D :D Nicely done!

Brilliant! :D :D Poor Beau's nephew is also his brother.

Wrong! There is a huge benefit to trading small amounts of money before you have developed the perfect model. Your model is only one part of the problem. Your psychology is the other part of becoming a successful trader. I am risking small amounts of real money right now, losing almost...

You mean you lost two thirds of his money, leaving you with the final one third that you are trading now?

LOL! Oh Beau, are you truly a ho(beau)? You're sitting in your Daddy's house trading his retirement fund, arrogantly shyting on me? In the meantime, I am a married man with a full-time job and a baby on the way. I have only small amounts of time to spend backtesting and designing fancy...

"Oink, Oink, Oink! ..."

Beau, if we can set aside our differences for a moment, a serious question for you and others who have opinions: The last time we blasted below the 200 day moving average for gold was during the 2008/2009 crisis (200 day has been tested a few times since then). We just blasted right through...

Where do you see gold going in the next couple of months? I have been trading it and was doing quite well, however this collapse in price today caught me by surprise. I managed narrowly to save my butt and minimized my losses while lowering my average purchase price to $1605 while losing only...

Wow, the bears are feeling very confident right now.

Tricycle, you're a Bonehead!