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As long as it doesn't make it past 2.0060, I'm gonna remain bearish although am stil waiting for a good time to enter...

I am sure you could come up with a "business plan" for how to entertain them...

Thanks for those links....very interesting to see. I never liked that guy's tone and always felt he was a scammer (Felix). Notice how the better the broker, the less stars it has....like HotSpotFX? They are not even regulated! And I think they have 4 stars.

As much as I hate subprime brokers, they would not exist if our suburban households were not so greedy and need to buy a McMansion with their middle class earnings and fill it with barely any furniture. I can't tell you how many homes I have visited (as a potential buyer) that were expensive...

Actually speak to anyone that works in the industry and they'll tell you the the Japanese housewives are some of the most profitable traders....

I never said I love FXCM. I said I trade with them and I am happy. I am sure others have had different experiences but that is their issue and not mine. I was asked who I trade with and I explained. Nothing wrong with that. At least I don't wait for random threads to post negative comments on...

Interesting, interesting. Also heard that Smith-Barney might be sold. Guess it's their only profitable division - they need to make money somewhere

Hey Guys, Glad to see we have a good group coming along! I use a risk to reward generally of about 2:1 or 3:1. The most I will go is 2:1. I guess it generally depends on the pair and the time you\'re trading. Generally I use Support/Resistance to scope it out. If I feel I can make 100 pips...

Yes, I feel like many traders really don't understand that though. Then they get burned by one bad bucketshop and label the whole industry bad. I wish everyone would just pick their brokers by very simple criteria: are they regulated in the US? If no - DON'T open an account there. Secondly...

4X Made Easy is a total scam. Have you seen their ads in the south? They were totally trying to pick off anyone who lacks investment sophistication, terrible. I personally have simply never trusted something advertised via an infomercial. But I would be interested to know if anyone has ever...

Hey Scalpmaster, I have recently heard of a few different places. I just read a press release by FXCM stating that they offer positive rolls on all levels of margin. I\'m still trading on 50:1, but that\'s generally because I am conservative about leverage. I would check it out if you are...

Great B! I agree psychology is the hardest part of trading to master. In terms of technical analysis, I use it pretty much to the same extent as you do. I think support and resistance are key because they truly give you the guage for where market value for a pair lies. I sometimes use RSI...

I guess you already answered that in your post. What is your strategy in terms of execution during those events?

hey bl2001 - I actually am an experienced trader - don't let the 1980 fool you: I've been trading since 1980. Of course back then I mainly traded futures and stocks. Started forex in the late 90's. I guess the best advice I have is what more traders will tell you: you'll win some and you'll...

Yeah, I think it is sort of consolidating. If you look at an hourly chart you'll see that it is sort of hanging around the 2.000-2.0030 level. If it hits above 2.0050 we could see more move to the upside but if it hangs around 2.0000 for too long it certainly as the potential to fall below...

Hey, I actually use DailyFX plus and it works really well for me. I thought the same thing when I started but after speaking to a few helpful reps I got some good hints. Where I would start: the webinar they hold at 2pm EST on Monday - Friday (I think)...recently one of the FXCM guys has been...

I have traded the NZD/JPY several times over the last few months and have made about $8k! Always going long, as until the Japanese raise interest rates to be any where near the Kiwi they will always be the weakest!!! I trade off of daily charts only and just wait for dips where I can buy...