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Don't know what "reports" of the "best systems" you've seen, but there is nothing "spectacular" about a 60% win ratio. Furthermore, % win ratio is hardly meaningful by itself -- despite what many erroneously believe -- without also knowing at least the average win / average loss ratio. What...

To state that "forex is a negative sum game" is flat out wrong. Especially for the reason given. It is not even a zero-sum game. Fact: forex is a positive-sum game for the speculator. Why is that so? Think about who the different types of participants in the global currency markets...

Thanks! Exactly what I wanted to see.

UM_manager just yesterday posted a nice chart of daily correlations between euro and swissy, going back ~5 months: http://www.elitetrader.com/vb/showthread.php?s=&postid=906649#post906649 Also, it's worth noting that there are several other currency pairs which tend to be highly...

Wow, that was a fast and to-the-point reply! Thank you, Baron. I wasn't honestly expecting much when I posted... Don't you ever take a holiday break from this? :)

I am fully aware that Global Futures is a paid sponsor of ET. Great. More power to them... and good for ET. However, does that fact give a blank check to "Gioachino", who is apparently employed by that firm as a "Futures and Forex Broker", to act ever-more irresponsibly each week since...

Nice, but your math is off, in 2 ways. First, you are not computing the % gain correctly. (Hope this is just a fluke, rather than what you routinely do.) If the credit were 3.15 (see below), then % gain would still not be 2.15 / 3.15. Rather, it would be (3.15 - 2.15) / 2.15 = 1.00 / 2.15...

UM_manager, Very nice dynamic chart there, thanks. You wouldn't happen to have a similar format chart of the correlations of EUR/USD and GBP/USD? If you do, I'd like to see it. Historically, the daily correlation between euro and cable has been fairly high (positive), averaging around...

nixad, have you taken a look at the correlations among those pairs?

Try 10:1, for starters. Averaging 5 pips daily in Euro at 10:1 leverage gets you 203% annual return. Triples your money every year. 5 years, you're up more than 250-fold (ignoring taxes for simplicity). No, not at all. Would only be true if you were to RARELY have TINY losses. Otherwise...

Assuming you mean "at 100:1 leverage", you can open up to a 100,000 USD/CAD position. At that position size, each pip is worth USD 8.45, at current price level. In general, 1 USD/CAD pip per lot = 10 / Exit Rate, where Exit Rate is the price at which you CLOSE the trade, e.g., 1.1834...

Actually, never seen a "FOREX flyer advertising" in my life, so I wouldn't know what it looks like. Your (weak attempt) at sarcasm doesn't ruffle my feathers one bit, as I'm fond of sarcasm myself. However, for best effect, good sarcasm requires that you get your facts straight, for...

To put that in some perspective: if so, 1,000 billion dollars in the course of a year, while obviously a nice chunk of change, would represent about 1/2 of the average daily forex turnover, usually estimated at some 2 trillion.

As pointed out, those rates are targets only and each broker will be different. And that's a lot of legwork, prone to error. Here's a faster / better solution: Go to http://fxtrade.oanda.com/fxtrade/interest_calculation.shtml# In the 2nd paragraph, click on the hyperlink "FXTrade's...

http://www.elitetrader.com/vb/showthread.php?s=&threadid=56698

The displayed bid/ask changes to: 25,000 x 1.1711 / 12 x 20,000,000 You may or may not get a fill @11 at that time, depending on whether or not someone hits your bid. If you don't get filled and the market moves up a pip, the new bid/ask becomes, e.g., 20,025,000 x 1.1711 / 13 x 20M...

Not sure if you already know this, but regularly scheduled, potentially market-moving economic releases in Europe, UK and Germany normally come out at 9:30, 10:00 or 10:30 am local time. Check any of global economic calendars mentioned on ET from time to time. For example, this is what I...

What is the connection of either of the 2 links you've posted to the subject of this thread, Collective2? :confused:

Why even lose money trading when you can just make a boatload of money trading? Maybe I'm tired by now, but... huh?... I don't follow you at all. Are you being serious or ironic? In case you are serious, first, most people who post on ET don't have an "account that went positive" over a...

Hi, Robert, You forgot to convert from EUR to USD, to calculate leverage. EUR 125,000 x ~1.18 [at that time] = USD 147,500 contract value. USD 147,500 / USD 1,418 = 104.