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I haven't traded options directionally for like a decade, traded vol afterwards till 2006 in semi-off floor market making. Nowadays it's only FX for me ...

it's a nice way to blow up too ... ask anyone that has had those during a crisis period ... (enough examples the last 20 years)

you want a broker with smallest spreads, and lowest commissions. The total gives you the 'real' spread. You'd also want your broker to not quote 'off-market' (as far as there exists such a thing in forex). For me, all considering, Oanda fits the picture best. BEWARE: at newstimes spreads...

it's not everybody's dream to be a slave in the system ! One of the best traders I know left a very lucrative career to pursue trading. In your eyes he would have been stupid at that time, he's not !

isn't that one part of the sabbatical lol see number 18 a more serious reply: trade micro-accounts untill you got somewhat an idea what you are doing. Nothing bad happens to you if you blow up a few hundred quid. I've blown more than a few of those accounts ...

From what I can say this list is true and reflects the work needed to be put in, it's really hard to tell where you are yourself at the present moment in time, you see it better looking back lol. ... I know a few guys that are at 37, I am not there (yet) lol

don't think a lot of these traders at big places actually know so much, most of the times they are just trading flow. Trading can be done by a single person not having bought any kind of systems. There are things that are fundamental about the markets you can see in charts that can be learned...

trading means trading in isolatoin: everyone I know that does this for a living does it like that. I don't take phone calls, I don't answer the front door while trading, I answer e-mails at best. Especially when learning this you will need lots of focus to remember things and look at things in...

for the record I found something out: it's best to clear your JAVA cache each morning before you start to trade, that way neither oanda or PRT will clog up. I often did that anyway, but recently forgot a few times and got into trouble then. So it looks like it's not really Oanda's fault, it's...

yes, it can be done, you will need an optimistic attitude !

I don't want to rain on your parade, but it will take you a few years at least to get consistent ...

being a small trader is an edge, as you can be very versatile, going with the flow while big traders are like tankers: you see them coming from a mile while they try to manouvre ... this sentence should be above anyone's desk trying to daytrade ... EDIT: the question remains though: how are...

BTW, even 'real' companies can only guess what their future ROC will be ... ask any good bookkeeper ... they only pretend they really know that one, it's a big sharade imo ...

No what you want is future ROC ... but nobody knows that one ... only future will tell you ... you can do nothing with the prices of yesterday's newspaper, it won't make you money in any way, well at least not directly ... you want something liquid and you want something volatile and...

momentum down in forex ? ? ? where have you been the last year !? just take a look at eur/usd

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Not true these are future options. So unbundled.

then it's simple use unbundled.

it depends if you trade intraday or keep overnight and how long you keep them ... it's a simple math thing ... use those braincells ...

ok, you got a very good theoretical background but I can't really help you with your problem. Let me state that I used to be a market maker in options but had to relearn everything from scratch to become a directional discretionary fx trader. Everything I had previously learned was of no use ...