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I've saved/profited over $9000 in 2013, you fool. I'm taking it quite seriously. Judge not what your are incapable of understanding. This is nothing but a demonstration of your own mental limitations. By the way, it looks like you're well on the way to losing it all again because you've...

Marketsurfer, There may be the random guy with a few grand who can generate a a steady income with forex, but for 99.999% you need a substantial amount of money tucked away to really make a go of it. Oldtime is giving me a hard time about my approach, but the simple reality is that he is...

In the meantime please continue to give your money to me.:D

If its a manipulated market then we are all gambling.

I'm confused. What are you replying to with this post. Thanks Atticus. I guessed as much about the forex market being manipulated. Stop fighting the FED, Old time. For now the EURUSD is being propped up. Go long on every pull back..

Atticus, I wish those people would step up. So far we have only heard from dreamers who have destroyed their own credibility. And I should have said through only forex. Im sure many grab some income from forex

Old time, job allows $1000 month savings. I chose to filter through forex account and transfer profits into longer term savings. This is the first step to trading for a living: generating capital. I doubt anyone on ET is profitably supporting themselves through forex.

Respect??? You got lucky in a fit of rage. Now you've lost more than 30% in 4 months. Whereas I am risking small amounts, profitable and building up capital! Old time, take a break. You're a good guy but you seem to have lost it.

Are you asking me? This account with questrade has earned about 750 since I opened account mid march. Not long enough to provide meaningful average. With FXCM I was using much higher leverage, so I'm not willing to count it as a relevant test of my current approach. I never had more...

Not all the way in? Because I'm not certain. Exit after a gain of 50 to 100 pips. If it rises close to this but falls I exit before a loss. I may reenter where it makes sense.100% in? No thanks. I risk what I can afford to lose. How often in a year do you see a 600 pip loss that isn't...

Absolutely. Why is it hard for you to understand that one should only deposit enough to manage one trade at a time? Why expose 100000 to risk when you can expose only 1000. Oh I forgot. You're averaging down... and then getting stopped out. For now I go long because I think it makes more...

In the meantime I'm flat again having taken more profits. Horrible plan I have right Old time?

Ok, than try not to be so quick to judge me. I have my reasons for doing things the way I do. I've thought a great deal about how the Euro behaves with respect to the USD and CAD, and I have determined that 600 pips is an appropriate stop that allows me to maximize my win ratio. I can grab 50...

In case you haven't noticed this thread has heard arguments from both those for and against trading forex full-time. I am in the camp that believes it isn't a very good idea. You've told me your situation: Rent: $500/month etc. Your circumstances suggest to me that making trading a...

The EUR/USD pair with Questrade is restricted to 33:1 or less.

Look buddy, up to this point you have been decent with me, so I really don't want to get nasty, but .... In 2013 you've done nothing but lose. In fact, last I heard your draw down is over 30%. Isn't that right. I, on the other hand, with two accounts with FXCM and Questrade., have pulled...

Ummmm.... Think about that for a second. If you put it all in your trading account, you are earning no interest, and you're effectively long in the currency that the trading account is denominated in. Alternatively, you can leave the money in an interest earning account in your native...

By the way, I actually don't trade with Oanda. I trade with Questrade, a Canadian based company where forex is only one small part of their offerings.

Oh Blah! No you just keep averaging down and throwing away your money! I leave as much money in my trading account as I need to trade the trades I want to trade. Everything else is in longer term investments.

About 600 pips on one mini lot, actually. Margin requirement is about $390.