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Only if you use leverage. Otherwise it's quite zzzzzzz.

Wow he's right. In fact, it's damn near impossible to become proficient in fx trading unless you also have a good handle on bonds, equities, metals, oil, commodities etc -- another reason to ditch a pure fx broker for a platform like IB. You're only getting one slice of the pie if all you're...

He needs at least 2k to begin trading a futures account. How's that for special needs? :)

What I'm talking about is increasing leverage. Sure, if you have a true edge, take out a second mortgage, credit cards, put as much as you can into it. But keep your risk proportional -- don't rush things by trading too big relative to your account size.

It seems silver spreads, at least in the mini contracts, have gotten wider since last year, at least in terms of where the arbs are straddling (30-40 ticks as opposed to 20-30). But I suppose that is natural for the increased volatility. The volume for the large contract was pitiful in the...

It's not so much trying to convince the people I'm replying to, but just a precaution to those readers who've ever had this sort of "reasoning" spewed at them: where ever this stuff comes from, they can't be trusted.

Waste of time refers to me trying to defend anything on a demo, given who I was responding to in my post. You've used your 7 posts wisely I see :)

Get this into your thick skulls people: you do not need the initial hedge, it serves no purpose but a crutch for you to somehow never "take a loss". Remove those two initial trades and you can still execute exactly the same "system" to your heart's content. If you are hedged, you are flat...

It's just the typical fx broker's way of getting you to put on extra executions and paying them the spread. What's exploited here is the weakness all traders fight against, and that's positional bias. Having a "hedged" setup, for the mere purpose of making us feel better to have...

What does this have anything to do with what ES posted? He might as well have stayed flat and just put stops to enter 10 ticks higher and 10 ticks lower than the prevailing price, it's the same exact thing and saves you 2 executions (aka spread). Why is it only forex people fall for this...

Nothing holds water on a demo lol. Waste of time :)

Ok fine, I made that statement with a certain audience in mind (individuals who have around 5K or so to "try out forex") -- that is, the concerned readers of this thread :). It was the one and ONLY reason I could think of to concede to using an fx broker. But let me clarify the stance I've...

Bingo.

That's exactly how you waste an edge.

Flooding the system with liquidity doesn't necessarily mean inflation -- look at Japan. By the time they need to turn on the printing presses, rates will probably be near 1% or less.

You are better off in retail spot pretty much only if your account is small and you will last longer trading very small lots while you learn. Otherwise, you trade the cme futures.

Sorry, the last time I touched a simulator was All-Tech boot camp '98. Yeah, everyone made money on those too.

I agree with the above but there is something to be said about boredom if one is having problems with itchy trigger fingers. Addiction to random rewards (over consistent rewards) is clinically proven in lab animals, and it's the same thing when it comes to trading -- if proper trading bores...

Who knows, you could see that tomorrow.

Don't sweat it, unless you were long at $6 you have to stay sharp and take it when you can get it. I bet in a few weeks you'll look back at your sale and be quite relieved :)