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Hello, I recently got an account at FXCM micro and decided to test the waters. I have the following questions(my account is in USD btw): The 1K micro lots is it 1k in the base currency pair or always 1,000 dollar equivalent of the base currency? For example, let's say I have $1,000 deposited...

Day traders fail for the simple reason they take the complexity of the markets and take it to the next level. 1 minute chart "trends" are superficial and erratic. So you take the stress, the complexity of the markets and multiply it many times over only because people are afraid of holding...

My advice to stock_trad3r is as follows: 1)Get some books on technical analysis. Technical analysis teaches people to rely on objective things instead of personal opinions. When someone says RIMM should go to 70 and above when it is currently trading in the high 40s one is expressing AN...

I wonder who were the 6 people who voted that the market will go up more than 5%?

And I present stock_trad3r with the inaugural Noob Saibot award for stock market stupidity

I propose that if someone makes a bold prediction and it turns out to be way off the mark we give out the NOOB SAIBOT award for misguided stock market prediction.

In certain things there is no substitute for experience. If fed cuts guaranteed stock market rallies, it would be a risk free opportunity for arbitrage.

Good now I could vote

Look at the post immediately above you. EVERYONE expects a rate cut it is inevitable and the worst kept secret. Don't you think people buying yesterday thought about the impending rate cut before buying?

So you have never seen a sell-off following a rate cut? The commentators always explain it like this:"the fed cut it by 0.25 but the market expected a 0.75 cut..."

My favorite trick that pundits use is when they use PROJECTED future earnings to justify price now. At least when pricing bonds using present value models you are dealing with fixed and predictable returns.

People have to be f'ing naive to believe in P/E ratios. I am looking at a chart of DRYS and bigcharts.com says it has a 0.70! ratio at the moment(it also has a 5.65% yield). Clearly the market did not give a damn about P/Es on the way down. Why should it start now(or ever)?

It is not only dollar but I think swiss frank and Australian dollar and new zealand dollar. Yen is my favorite counter currency

When Toyota out of all companies says it expects demand for its cars to be lower what does it tell you? When toyota sales are down significantly (I think like 20%) what does it tell you? It can't be the product since Toyota's cars are either #1 or #2 in practically every segment. When the...

Volatility=Profit potential if you know what you are doing. I like high leverage and high volatility of the underlying instrument.

I may turn out to be right once again.

Very easy answer. He is obviously a republican nutcase(Kudlow "Hard" as opposed to "Lite") so he probably does not believe in global warming.

majority of my money will be @ optionsxpress to be used for trading and the rest will be kept in a credit union account for day-to-day expenses.

Look just learn to play on the "dark side" of the market (the short side) and bear markets won't seem scary at all. It is an interesting feeling coming home looking at the charts of a financial instrument seeing it is down 20% and realizing you made money on it.

6months/daily will always be king of charts.