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Wrong again! Instead of receiving 50 pips for a winning trade for instance, your broker gives you 48 pips only, and keeps 2 pips. So 2 pips were indeed SUBTRACTED from your winnings, whether you like it or not. It does not look that way because those 2 pips were subtracted from your account...

If you say so. You still don't get it, do you? You always pay the spread, win or lose. Brokers collect the spread from the winners and from the losers. If the market moves 10 pips against you and you close the position, you lose 12 pips (10 + 2 pip spread). On the other hand, if the...

Again, this thread is not about options! Why are you assuming that I am not already familiar with option straddles (and all there is to know about options)?? :D Oh I see, so now you are saying that the trader could lose on both positions (granted, it is also a possibility) but on the other...

Go back and read the post again... slowly this time. See where he wrote : "Contracts not options. So one account would catch the move in the direction the other account - going to zero." So this thread is not about options straddles, ok? Absolutely not, only Forex traders high on cocaine...

Say that again?? :confused: You went long and short the EUR/USD at 1.2700. The EUR/USD is now at 1.3000 You lost 300 pips ($3,000 per standard lot) on the short side but you won 300 pips on the long side (excluding spread/commissions), so where on earth do you see a $6,000 profit on these two...

Is this amateur night or what? :confused: You go long and short the Euro at let's say 1.2700 The EUR/USD goes to 1.3000 so you lost 300 pips on the short side, plus spread and/or commissions, but you "won" 300 pips on the long side, so you close the "losing" side of the trade and you keep the...

Closed position at 88.25, 100 pip profit.

You bet long and short the euro using options or the contracts (lots)?

+60 pips, moving stop to break-even. Come on boy, keep going! :cool:

Uh-uh, it looks like it was not a good idea after all, NZD/USD is currently going up up up!

Oh now the Futures currency market is more liquid than the Forex market?? :confused:

Bought AUD/CAD at 1.0220 51 pip stop.

Thanks for the e-book RedDuke.

Here is the secret : do NOT trade dead markets, trade active, volatile financial instruments with solid volume and a wide average daily range (there are plenty of them everyday, stocks, Forex, commodities, you name it), that's it. Fish where the big fish are.

A successful trader does not lose money on any (and is not concerned about the outcome of any) particular trade, he is simply lending a few bucks to Mr. Market... at outrageous high rate of interest! :p

That's the magic of time frames, we could both have different opinions about the direction of the market and still make money! :cool:

Bought NZD/JPY at 87.25 52 pip stop. Lots of action on the New-Zealand Dollar and almost all its crosses, especially the notoriously wild GBP/NZD.

Position closed at 102.30 (10 pip loss), price is not behaving the way it is supposed to.

Perhaps they prefer people who steal directly from unspecting traders, right Maverick74? Quotes from Maverick74: "The specialists watched helplessly as we took their stocks down 3 pts. Mom and dad got filled on the lows and we made bank." "If mom and dad wanted stock, too bad, fuck you mom, I...

Bought USD/JPY at 102.40 36 pip stop.