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Daily and hourly volatilities: http://www.mataf.net/en/analysis-volatility.htm

"Don't confuse genius with luck and a bull market", maybe? That would be John Bogle, the founder of Vanguard, who's been fond of saying that through the 1990s. But when it comes to Greenspan, I can't help but think of the song lyrics, Old age and treachery always overcomes youth and skill.

Congrats! You've now set an example that will ruin many a forex newbie's account. :D What next? Why, a trading journal here on ET, of course. :cool: What's fortune when you can have fame and fortune? BTW, your 2nd maximum drawdown calculation is correct, 11%. DD is not linked to...

Gold Coast, Queensland, Australia... fabulous locale for many reasons, sure. But best timezone for trading fx? Only for those who like the Asian session, really. Or maybe for night owls attracted to the early US session. Those of us who prefer the opening hours, the first half of the...

No. The original quote is correct. The moment you've opened a position, both your unrealized P&L and your net asset value are down the full spread, 3 pips. All closing the position at any given price does is transfer unrealized P&L into realized P&L. The NAV itself doesn't change.

"mahras2", posting the Systematic FX Trading Journal, has apparently just switched to FXDD. You may want to ask him to comment here.

Your effective leverage on day one is 24:1, not 200:1. 10,000 EUR/USD x ~1.20 / USD 500 = 24 That's still many times riskier than stocks with 2:1 - 4:1 max leverage. Even taking into account many stocks' greater intraday volatility than any currency pair. You wisely didn't specify what...

1-2.

You're close. Tokyo forex trading opens at 7 pm ET (8 am local time).

ES, Good to see your "New Cash & Carry" journal generating more interest than you can handle at the moment. :)

Unless my eyes are playing a trick on me, what I see on your chart is a descending, non-linear channel showing a 700-pip CAD rally within 5 days. What does this chart mean?

Some of the better-known retail forex ECNs, in alphabetical order: COESfx Currenex FXall HotspotFX Interactive Brokers Websites exactly as you'd expect. No endorsement from me implied in any way.

That statement needs to be parsed. :) - "the first" - no, that's marketing BS. IB was a latecomer to retail forex, and a number of ECNs had already been there for a long time. - "interbank quality spreads" - I was never an institutional trader, so will let others comment on that. Within...

Your thinking is correct: their users' consensus is that Oanda is, in fact, above board, when it comes to (the absence of) price manipulation and stop running. Anyone can explore their (uncensored) message board and see for oneself. However, if you must employ a tight-stop strategy (a bad...

Seems Ivan somehow managed to confuse you with a completely different ET member, sKaLpZ.

The MIT Media Lab people just might have been inspired by a book by Po Bronson, published way back in 1997, about creating the $99 PC. It was made into a film by 20th Century Fox in 2002: The First $20 Million Is Always the Hardest It's a fun flick, easily living up to the promise of its...

Yes, one would think that ("...the most to lose..." part), yet one would be wrong. As it turns out, the "name brand" online forex shops need not care about their reputation (yet), because: 1) they advertise heavily and seductively in print and online... it's all "commission-free", right...

Then what are you still doing with them? :confused: Demo or not. Rather than keep asking existential questions (albeit interesting, over a beer or two), maybe taking decisive action would be a better thing to do, both for your confidence / comfort level and for your bottom line. You know, the...

Xenia, Have you managed to trade a EUREX currency future through IB yet?

Free / non-commercial review site for forex services: http://www.fx-review.com/