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  1. L

    Any good forex signals service ?

    You are kidding, right? Let's take a look... 1. "All the result shown in the performance section before March 2004 is back tested." So, if we are to believe that email response, they've casually, seamlessly blended allegedly real, live performance results from March 2004 on and...
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    The difference between demo and real accounts

    Hope your Yahoo mailbox can hold a few dozen (a few hundred?) emails from all the highly experienced / profitable forex traders hanging out on ET. :D A PM is a Private Message. Most forums, including this one, offer that feature as an easy way to communicate with other members, other than...
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    The difference between demo and real accounts

    Sure, there's plenty of noise on ET, but the Journals forum is probably one of the best-managed areas here. A moderator would gladly help you keep your trading journal tight, clean and flame-free, for the most part. Seems to me the only way to make your case would be to somehow demonstrate...
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    The difference between demo and real accounts

    5% - 6.7% risk is on the high side, but might work for a beginner with talent, dedication, the right mindset and, last but definitely not least, luck on their side. 40:1 and higher leverage cannot work, early in your trading career. You've got no snowball's chance in hell. But, hey, I...
  5. L

    The difference between demo and real accounts

    You know, you are asking the wrong question. Given your $300 opening account size, why would you even consider ANY forex broker whose minimum trade size is 1 mini-lot, or 10,000 units? :confused: Are you aware that if you open a 1 mini-lot position in, say, Euro, your leverage is 40:1...
  6. L

    Sites similar to Collective2?

    Good company, but a completely different business model from C2. Quah, I'm curious why do you ask?
  7. L

    how to test the TWS

    Of course it is: http://www.interactivebrokers.com/en/software/demoStandalone.php
  8. L

    Book Review needed - Bird Watching in Lion Country

    Well, I don't know of any place to get that ebook for less, but, in my mind, it'd still be a bargain at many times that price. Have you already been to the author's website? If not, that ought to be your first stop. (I don't want to promote it here, but if you google the title, it's one of...
  9. L

    End of the year P+L

    So, ALL of us could improve by dispelling the realized/unrealized differentiation? And drop the "unrealized" qualifier? Ah, not so fast. I must disagree with such sweeping generalizations. :) If seeing "no difference between the two at all" works for you, great. More power to you. In my...
  10. L

    IB ideal pro- What charting software?

    Medved QuoteTracker works very well with IB IDEAL Pro. Including both backfill (up to 10 days) and real time. QT is either free (with small ads) or $60 a year... a steal at that price, for everything you get.
  11. L

    Trading plan templates

    Ch. 3 (about 56 pp.) of Financial Freedom through Electronic Day Trading, by Tharp and June, is all about developing 1) a business plan and 2) a trading plan. (Yes, these are two completely different things.) Highly detailed samples of each are included. Don't already own it? Just click on...
  12. L

    100:1 or 200:1 and an API for Program Trading ?

    CMS Forex.com FXCM Gain Capital GFT Forex Each offers an API, and I'm sure there are many others. Also don't forget MetaTrader dealers.
  13. L

    How many pips/week is "Killing it" in FX?

    OK, I agree with that. Incidentally, wouldn't this system fail to meet the above condition #6 set by blueingreen? "- the average weekly profit has to be not less than 100 pips (taking into account Oanda's execution)" Namely, 100 pips a week in EUR/USD on average, at 50:1 leverage...
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    How many pips/week is "Killing it" in FX?

    Using a spreadsheet I've long relied on precisely for this type of expectancy estimation, in order to achieve 20% monthly returns at 50:1 leverage requires average P&L of 2.4 pips daily, or 48 pips monthly, or 576 pips annually. That's being somewhat conservative, figuring 20 trading days per...
  15. L

    IB or Oanda or ????

    In my view, those ratings are essentially worthless. First, the owner of GoForex, Steven Moxham, is an IB (Introducing Broker) for HotspotFX. Not suprisingly, Hotspot is the only broker he officially endorses right there, under the "Recommended Brokers" link. So much for any hope of...
  16. L

    This is how I am researching to pick a Forex Broker

    Not for a repeatedly self-described forex novice.
  17. L

    How many pips/week is "Killing it" in FX?

    Clearly, that was never a bona fide, good-faith offer in the first place. Why is that, you might ask? Take a look at conditions #3 and #4: Those 2 conditions, out of 6, are unreasonable; deal-breakers. There are 2 possibilities I can think of: 1) by putting those ill-conceived...
  18. L

    www.cbfx.com 20 MILLION ONLINE ?!

    Well, that's not unique to IB. I understand many, if not most, forex dealers, offer that capability, as long as your margin is sufficient. For instance, Oanda's published limit is 10M, but nothing stops you from entering more than one (single currency pair) order at that size, at the same...
  19. L

    Oanda EuroUSD spread today 3 pips. WTF.

    It's a secure page, so I can't provide a link to it. It's your "Messages and Updates" page you see after you log in. Here's what is says, using copy & paste (italics are mine): Dec 18, 2005 Holiday spreads and hours Dear FXTrade clients, We at OANDA would like to thank all of you...
  20. L

    Oanda EuroUSD spread today 3 pips. WTF.

    Scheduled spread widenings were pre-announced, for the holiday period. Let me find the reference.
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