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Don, Why the Forex market is so interesting ? First of all , no manipulation possible like market markers games. Not even a government can control prices by interventions, but for a few hours. And, this market is 24 hours. Let's suppose you can make 1 %...

Question ; Do banks engage in daytrading ? Answer ; Yes, in the Forex market. A relative of mine is doing this. He is playing with 25 million dollars and is paid 25000,-$ per month + 10 % of profits made for the bank. Try to daytrade with 25 million dollars...

Years, the brokers that offered Forex trading were non-regulated. Your money was not insured in any way. It is just recently that Forex brokers should register just like Future brokers. The reason that it was difficult to regulate is of the...

AAA, Well, when you trading real big money then just go to Refco, the greatest non-interbank market participant with spreads of 3 pips on the majors. People like www.hotspotfx.com are just start- up's and have the risks of start-up's in all ways... But...

90 % of my trades are from the short side, reason for this, the average move down takes about 3 times less in time then the average move up. Explains a lot of my consistent succes ...

I have to disagree that it has become more difficult the last year or so, at least not for me. One question to all of you ; how much percent of your trades are from the short side ?

Funster, It IS possible,but it takes time and perseve- rence to get there .....

No, I don't, I have 75 % hit rate.

Babak, Look what happened in Japan.....

Babak, I think for a few decades we will be in a transition period, with a complete different climat. Talking about economy ; my friend who studies economics told me that there exists such a thing as the "efficient market hypothesis" meaning that all...

Don, You got enough credit left.... :0)) The wave of the future is the Internet and together with it the electronic market. I like to compare the revolution Internet will cause with the Industrial revolution. Very few people really see the coming impact of...

Don, Maybe you don't known that the Interbank market is an OTC market. It has a horizontal structure, everybody can post a price and deal with whatever other interbank participant, there is no centralized location like you have for stocks on the NYSE where all...

Don, You DON'T have to trade against the house... Never heard of the ECN markets in the Forex market, like www.hotspotfx.com. Then you don't trade against the house, you make your own market, just like you put your order on the Island ECN...

Tymjr, How much points you made, if you take the number of points you made on each trade together ?

So, first scenario 3.75 points that's 3.75/18.5 = 20 % of range Another possible scenario first trade with 28 contracts 2.5 points ; 28*50*2.5 = 3500,-$ second trade with 12 contracts .4166 points ; 12*50*.4166 =...

Other scenario, Dave makes 40 trades , each time with one contract,well, then he has made 75 points 75 points that's 75/18.5 = 305 % of range and that's something superhuman, hehe !!!

Dave, Put the complete statement, so that we can see that you are making 10 to 20 points of range based on 1 contract.

Suppose Dave made 2 trades first trade with 20 contracts 2 points profit dollars won = 20*50*2 = 2000,-$ second trade with 20 contracts 1.75 points profit dollars won = 20*50*1.75 = 1750,-$ so...

KTM, I must agree with you ! I had a little E-mail discussion with Don about the difference in success between stock and futures traders. He claims that he has never met any consistent futures traders in his career.And he says he has a long background in the futures...

Dave, That e-mail doesn't say anything about the number of points you made based on 1 contract.... Some trades you can put on 10 contracts and make only 1 point but 500,-$ and another trade 1 contract and lose 1 point so - 50,-$ you made...