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How to profit from it? Buy at support and sell at resistance and/or short at resistance, buy back at support. These are in a sense scalp trades. This may not always work because a supply and demand environment may be stronger than S&R at times.

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TD Ameritrade sent me that same email.

Well said.

LOL

For myself, I don't pay any commissions when trading in the spot FX market and I can also control how small or big I trade instead of being tied to a fixed amount of currency.

If that's your attitude, then it may not be a good idea for you to trade until you lose that emotional attachment to money. It'll cloud your judgment.

Another FX charlatan business bites the dust, I see.

And that's fine. I can see their point but I'm speaking on my own personal preferences.

Yeah, I use this very same method for swing trading. I haven't yet tried to apply it to day trading.

Exactly. I'll take that opportunity any day! I wouldn't give a damn if I made $100bn for them and only received $1bn, I'm satisfied. LOL

I take it that the majority of you guys in here are day traders?

Even if he did generate around $2bn, I'd be satisfied with $119 Million. That's a hell of a deal when you're trading with someone else's money.

This thread has been pure comedy. A person assumes that because they can't put together a winning trade, that someone else can't do it consistently.

Dude, quit flooding the forum with that bullshit.

Yeah, when I did the full-time trading thing, it didn't work for me. Probably because I was trying to day trade instead of swing trade. I believe also with me having a job, there's not so much pressure to be right, whereas before, my fear of losing would handicap me.

I'm interested in the SMI course if the price is reasonable.

For me --- working a job, saving the amount I figured I'd need in order to get started, swing trading for small but consistent profits and using compound interest to my advantage.

Would it be at all possible to implement volume in the upcoming charts?

I'm gonna be honest with you. The news is cool if you just want to know what's going on but majority of the time, the information given in the news isn't gonna yield any profits since most events are priced in before they're reported. Unless of course it's some major, sudden event that no one...