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People make money of gambling, this isnt any different. Its just a gamble! Educated gambling that is. Fact number 1: You will lose money Fact number 2: Read Fact number 1 Like in any other "gambling game" you have to figure out how to lose "less" money.

You might want to check out this thread first http://elitetrader.com/vb/showthread.php?s=&threadid=131169

IT IS in fact the most important thing. If every trader out there knew this, there wouldn't be "account wipe outs" on live accounts.

nazzdack said it! :D

:eek:

Im not gonna lie and say i make a gazillion pips a minute, but i do surely make over 80 pips a month on a bad month and 400+ on a good month. Only twice have i've lost -68pips and -123pips loss. I use my own system and it seems to work just fine.

I recomend you to take a look at this thread: http://elitetrader.com/vb/showthread.php?threadid=131169

Yes, indeed. 1. Practice with a demo account first and get good at it! 2. Even though you learn how to double even triple your account you're still not ready. 3. Once you start trading with real money you earned its not going to be the same but you have to learn to control that. 4...

SWEET!

So which Broker do you all think is the best one out there that doesn't screw you as much?

HAHAHA! You have a point there Mr!

I heard that when you are new to forex all your broker wants is for you to open a live account so they can bid on the opposite side of your trade whenever you place one, they know you will lose your money therefore not only take the pip spread profits but all your money. Is this true?:confused:

very interesting chart, where did you get it?

I took a 613 pip profit. I was going to close but i just thought it might go up so i put a trailing stop at 50. The market went in my favor and then it returned closing the trade leaving me with 613 pips profit... I rarely do this much and when i do its not that often i just wait for the...

I wish i knew how to trade like you! "When i grow up, i wanna be like Ivanovich" :) Luck Trading

I live trade and i watch the market as often as i can everyday. I would hate to lose so much I make sure i place orders on trades i know for sure are going to be profitable. Maybe one trade a week, or 1 every two weeks. I wait for the "right moment" having a winning ratio of 92% but never have i...

:eek: When i grow up i wanna trade fx

When will the EUR/USD stop? It seems its on its way down, waaaay down. Great oportunity for sellers. I entered at 1.57509 it is at 1.56761 thats a lot of pips for me im at a trailing stop of 50 now cause i fear it will go up. I am new at this, can you advice me anything? is there something im...

Now thats what i call thinking outside the box!

What did you do? if you dont mind saying