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Dent also wrote "The Roaring 2000s" in which he explained why the decade that just ended would sprout one of the greatest bull markets in history, due to demographics. Didn't happen, to say the least.

As the market's focus changes, what matters to the market changes too. Right now, housing and construction numbers matter, and inflation gets less attention. Although I'm very concerned about inflation in the long run, it's arguable that we won't get out of this economic slump until housing...

"Trading for a Living" by Elder "Mastering the Trade" by Carter "Forex Patterns and Probabilities" by Ponsi "Trading in the Zone" by Douglas anything by Jack Schwager

I've read most of the books listed in this thread, the Ed Ponsi book was the best for pure strategy. I thought Carter was also very good. Rob Booker's book is very good, but it is a fictional tale, not a strategy book as listed earlier. Ms. Horner's book was just so-so, it does contain some...

Anyone can gain 755% in one month; all you have to do is bet the farm on every trade and hang on. Eventually you will blow out the entire account, but there will be some pretty spectacular months along the way. Ask yourself this - if this trader is so good, why is he or she trading a mini...

Did anyone see the FX Educator presentation with Ed Ponsi on Tuesday? He started out by saying, "Welcome to the Shark Tank" and gave a brutally honest assesment of the nature of the business as a whole. Then he gave one of the best presentations of the Expo.

Did anyone else see the Forex presentation from Ed Ponsi of FXEducator today? I thought that was the best presentation of the Expo. Anyone else?

There is no standard time, but many of the platforms use 5 PM EST because it is morning in the Australia, Singapore, etc. at that time. Monday morning reaches that part of the world at about 5PM EST on Sunday

"Waste of space", I couldn't have said it better. The type of misinformation we have seen in this thread is one of the reasons why so many new traders become scared/confused/turned off to trading.

Great post 2 cents, but you are missing the point...you make a logical statement, but this thread has nothing to do with facts. It is merely a smear campaign being waged by one or two shills who have ulterior motives. Why else would someone spend the entire weekend making one biased and...

The UK is the Forex trading capital of the world. About 30% of all volume originates in the UK according to the most recent BIS survey

Around 3-4AM New York time. You can't pin the time to an exact moment because there is no opening bell.

I think that any confusion stems from the name "Generic". The full name of the company is "Generic Trading of Philadelphia". Oddly enough, they don't have an office in Philadelphia. The only prop shop that I am aware of in the Philly area (burbs) is Bright in Cherry Hill, NJ

Maybe I am missing something but couldn't they open a temporary office anywhere in the UK and hold onto their clients? Wouldn't that be better than closing all of their UK accounts and then trying to regain them when the permanent office is opened?

The amount you pay/receive depends on the which member of the pair you are long, and which one you are short. In order to receive interest, you would have to be long USD/ short CHF because the benchmark US rate is 3.25% and Switzerland's benchmark interest rate is less than 1.00%. If you...

I believe the FX brokers profit by matching orders, for example I buy at the bid and you sell at the ask, then they have made the spread. Also, I believe that they are able to for example obtain eur/usd "wholesale" in the Interbank(with a spread of 1-2 pips) and then offer the pair with a...

US based companies are now limited to 100-1 maximum leverage due to the new regulations. Non-US based companies can offer more. While this may seem like excessive leverage to some, it is an absolute necessity when trading currency pairs, many of which have average daily ranges of between 1 and 2...

Thanks for the quick reply Corvus, I'll look into it.

I recently began to study Gann, and I have a question about retracement zones. Please correct me if I'm wrong, but to determine the retracement zone, I must draw lines on angles of 45 degrees and 62.5 degrees from P2, and a 45 degree line from P3. The points where these lines intersect should...