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That's OK, I'm not running for President :)

The whole mutual fund industry is a scam too. 95% underperform their index benchmarks but charge fees. But at least they don't lie about their performance and about being "pro traders". I despise the deception and fraud aspect of the trading education "industry".

I don't know about that. I feel good expressing my feelings on this.

At least the trashbag who did it offed himself - good riddance :)

I haven't been taken personally in any significant way. Because I very quickly figured out that they're 99% scammers. But they wasted my time (years) and made me go down the wrong path. In the end, the way they make you feel that it's all a charade and none of them are actual traders... it's not...

Right. Unless they find Jesus or something, right? They'll just keep scamming til they die.

Yes, I hate them. I don't see an issue with that. They're evil people toying with people's dreams. I hope they all die a horrible death. How's that?

Money? Good one :) How many retail traders make money?

Negatively. I wasted years of my life and got disgusted with humanity because there is a whole industry that revolves around defrauding retail traders. Mostly in the "trading education" "sector". It's disgusting.

Some of them are older and their death is not far away. Do thoughts about morality and afterlife (or lack thereof) ever enter their brains? Do they look at themselves in the mirror? Or do they laugh at the suckers? Do they have a conscience? I wonder how they first got into scamming...

Is it just retail bucketshops or the real interbank system is closed too?

That thread is a very specific situation and is asked for a certain reason. And I would appreciate if you didn't mix my other threads with this one.

I agree they should not be called brokers. But market makers have always taken the other side. I don't see it as necessarily immoral. It's even happened in stocks. Some retail shop would feed their order flow to their sister market maker like Knight or whatever. A case could be made that even...

Got it. 1. So at Oanda the price they chart by default is the midpoint price meaning (bid+ask)/2 ? 2. I understand that technically there can not be "slippage" by standard definition as retail fx brokers are just bucket shops trading against without passing your trades to the "real forex...

Maybe I'm doing it wrong. Let's say the spread is 3 pips. So I counted it twice for both legs of the trade: in and out. So 6 pips. How do you do it correctly? If we always use bid to sell and ask to buy then we don't need to account for spread I think, only for slippage. So it depends on what...

Let's say I'm using a retail FX broker and I pay 6 pips spread round trip and experience 1 pip slippage round trip. So 7 pips total for one completed trade. Does that mean that my average trade should be +7 pips just to breakeven?

I like. Straddle with limit orders or market? Limit, right?

I like this plan. How much should I go in for though? Given Oanda's margin operating procedures. I don't want margin to kick me out prematurely.

You're a genius. Now go back to xhamster. Show off your high IQ in the comments there and let people here answer my actual and very specific question.

Sounds good. FOMC most volatile, right?