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  1. M

    EURUSD up 100+ pips on a Sunday?

    In all Ive seen "hedging" is for people who cant take a loser. or those who liked paying the spread so much the first time, they thought they would have another go at it.
  2. M

    Is it possible to earn on a life working on forex

    the buy at 35 was a sell at 35 for the broker. when the next client sells the broker is taken out of his position for a winner and client 1 is down. at this point, every tick up benefits client 1 and every tick down benefits client 2 equally and the dealer is flat. forget the spread its...
  3. M

    Is it possible to earn on a life working on forex

    I dont see how you have come to this conclusion. Im not trying to be a dick, but it seems self evident to me that the answer to that question would be yes. Actually, the question would be whether or not there has been any change in the amount of capital out there, since the only desired...
  4. M

    Is it possible to earn on a life working on forex

    think vertical more than horizontally about this. unless its an ECN, then its horizontal.
  5. M

    Is it possible to earn on a life working on forex

    somebody took the other side of all of our fills. Maybe it wasnt a guy somewhere with a name and a dog who paid us in that scenario, but in aggregate somebody lost what we gained. And we just do our best to make it our broker. and our broker will try to make their liquidity take the losing...
  6. M

    Is it possible to earn on a life working on forex

    yeah, if the dealer hedges you, he is passing the risk to somebody else. They can pass it along as well untill somebody, somewhere takes the other side of your position, and in the meantime while they are hedging you off they have the other side of your position. How is this not zero sum...
  7. M

    Is it possible to earn on a life working on forex

    how is forex not zero sum? do you want to pretend were not just playing a slightly sophisticated shell game here? there is no win-win, no win-neutral outcome, and no real value being created, unless you consider transferring money from inexperienced traders to the dealer and the experienced...
  8. M

    EURUSD up 100+ pips on a Sunday?

    way to fight the trend into the weekend lol. hope the carry was worth it! you better have taken something off we are going to new lows!
  9. M

    how long of a track record/becoming a career trader

    so there is no standard length of track record that is considered respectable? I mean, a 2 month record would make you look like a clown, though I have seen people raise money with extremely unsophisticated investors with less, and they were clowns. Is there any industry standard for when...
  10. M

    how long of a track record/becoming a career trader

    So, I am looking to be a "Career Trader." I am already, in some sense, only Id like to be in it for myself. I am thinking of taking a job tutoring standardized testing from 2-10pm, grabbing dinner and getting back to the capitans chair to trade fx on end asia/london open 3 or 4 nights a...
  11. M

    Putting Win XP on a mac solely for trading

    yeah I have bootcamp, I just dont know how much space to partition.
  12. M

    Putting Win XP on a mac solely for trading

    Apparently there are very few platforms in forex that will work with my mac. Does anybody know how much space on my hard drive I need to partition to windows to use a forex platform or two, plus maybe a web browser and instant message? Im sorry if this is a dumb question, I am a dumb...
  13. M

    What can I trade in the US afternoon?

    I work europe hours in the states, so I cant trade Europe Fx, and US Fx is dead after lunch. Is there any futures market that has good movement in the afternoon to trade when I get off? I only know fx.
  14. M

    FOMC Decision Plays?

    most pros are out of the market for big news. hope you got lucky, and I mean that.
  15. M

    Currency Futures News Straddle?

    stops are guaranteed a fill but not a price.
  16. M

    What exactly do you mean by "reading price action"

    ok, this is pretty much what I thought it was, just couldnt figure it out since most times I saw it mentioned in some kind of short, cryptic fashion. I guess thats because theres not much to be said once your clear on whats being referred to. Thx
  17. M

    What exactly do you mean by "reading price action"

    Ok I couldnt figure out if it was A - looking at a chart and seeing where the stops and limits are, and knowing probable future price action from experience, or B - seeing the way prices flash up and down in the moment, and coming to conclusions like "this thing is about to sell off"...
  18. M

    What exactly do you mean by "reading price action"

    I am not sure to what this refers.
  19. M

    Moving from "forex" to futures

    well, I guess it matters if you are doing it on an ecn or just in the make believe land of "forex" and just not doing enough volume to matter. if you trade on an ecn during numbers you've got balls, ill say that. however I just can't respect arbing candyland, or think you could do it long...
  20. M

    Moving from "forex" to futures

    well then I am sure you will agree you are an a hole :D or at least your dealer would think so...
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