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Phenforum, you must be referring to the "WWW Trading System" e-book, by Alex Krzhechevsky, right? Hope you didn't pay $99 for it, as it's available free on p2p. Of course, that's "18% a month and more", not 20%. Get your facts straight, would you? :) Unless he revised it. The 2-MA...

Sorry, Chood, you've lost me here. What does posting one of my trades in advance have to do with anything, within the context of this thread? You recall correctly. Since most traders lose, in any given year, the answer would presumably be "lots", Oandians and otherwise. Incidentally...

Interesting idea. (I say this without any hint of sarcasm or irony.) Well, there's that pesky 10M trade limit with Oanda... You could submit separate, sequential trades of 10M each. At current levels, you'd need around USD 240K margin for each (for, say, EUR/USD). Are you going to run out...

Chood, some of us understand and can relate (and strongly sympathize) that your first-hand experience with Saxo Bank was, oh, less than pleasant. No argument there; I had an experience not unlike yours that cost me thousands of dollars in one day (a Sunday, no less), with another large...

Very well put. Other spot forex advantages, relevant to some players: - offers true 24/7 market (Oanda), 24/6 (others). The world business and politics doesn't take an hourly break from 5-6 pm every day, nor for 45 hours on weekends. - no quarterly rollovers to deal with in 1) longer...

Indeed there are. Not to come across as unhelpful, but, actually, the pros and cons of currency futures vs. spot have been discussed at great, almost excessive, length on ET recently. Just peruse the two currency forums for details. The optimal choice depends on your specific circumstances and...

Afraid this goes right over my head. Did some famous-but-now-retired pro wrestler turn a trader for a day, or what? Not the ex-governor of Minnesota...

In theory, yes. In practice, there is no difference at all, if one is profitable for the year. With a simple, internal election (out of IRC Section 988 into IRC Section 1256), your cash forex gains are subject to favorable 60% long-term / 40% short-term tax treatment, like futures. Unlike...

So, Z C, your cash is in the mail to "areyoukidding?", you big spender, you?

The problem is that with "1-2 trades per year", you would not be able to judge the profitable trade sample to be statistically significant in any way, unless your test covers at least 3-4 decades.

:confused: As usual, Auckland, New Zealand had already been open for forex trading, for 1h43m at the time of your post. Hence those volatile cable moves we've seen today.

Thanks for that link.

Not according to the occasional heat ElectricSavant, among others, took from moderators, for mentioning the Big O one too many times. But now that they are newly flush with VC cash (and, of course, noting who the thread starter is), maybe that's about to change as we speak... :cool:

Interesting use of the word "disruptive" twice, in a positive sense, as a modifier for "businesses" and "force", isn't it? Not in my dictionary and not found at dictionary.com ... maybe this is British usage. I assume they mean something along the lines of "innovative", "breaking the mold"...

Yes, you could do that. As long as you maintain the correct ratio, of course: 1.21 looney lots short for each euro lot short, or as close as feasible. And you'll need to be careful with your SLs and TPs.

Nor is the "average pip range" or "average move" defined there in any way. Over what intraday time frame, exactly?

Slightly off-topic, but I didn't want to start a whole new thread for a minor question with a specific answer. Would someone tell me exactly what time (within a few seconds) the Fed decision and the accompanying statement were released around 2:15 pm ET today? I'd like to know, to help with...

Agree. In addition, from an internal risk management perspective, a forex broker need only be concerned with the NET exposure, longs less shorts, per currency pair, across their client-held positions. That net exposure does not turn on a dime, but normally over many hours or days, as can be...

Perry Kaufman -- of course, of Trading Systems and Methods and Smarter Trading fame -- has actually taught a graduate-level class (but targeted at those with little or no system buiding experience), on developing a TA-based trading system from scratch. Out of that class came a book, A Short...

Cash, here you go: http://www.pbs.org/newshour/bb/economy/december96/greenspan_12-6.html This is a full transcript of the relevant segment of McNeil-Lehrer NewsHour on PBS, aired 12/6/96, the day after that Greenspan speech. You'll see the link for 15-minute RealAudio clip of that segment...