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Just visiting ET and of course I'm reminded of why I didn't like this forum. "... it sounds logically correct . . ." This is one of the last places from which to expect any logical thinking or commentary. (However, there are a few posters who think logically here.) I don't understand why...

When did I deny that? So the point of your post was to simply compare the whole forex industry to the snake oil industry? I thought it was somehow addressing my statements, which you still haven't done. And if I assumed incorrectly, I apologize as I did before. If I knew the purpose was to...

I really don't see how that post is relevant to what I've said. Since you're quoting me, could you explain how a supplement infomercial applies to someone working hard and dedicating themselves to achieve a goal? I'm not talking about supplements, snake oil, or religion. I'm talking about not...

Wow! I can't believe that one goes back to 2001. Thanks to everyone for such quick responses. Now, off to do several weeks of homework . . .

I agree it would be difficult to do any of that. I don't believe one can arbitrarily state everyone has the same dismal probability. If someone trained for years at golf, starting from a very young age, s/he would be able to *Individually* assess if they can beat Tiger. The same with the...

Is anyone aware of a site or source from which I can obtain historical news/economic releases as related to the currency market? Thanks in advance.

I'm very interested in seeing the results. I've noticed many other threads starting with a premise to post all trades only to ultimately trail off into the land of nowhere. So, if anything, I hope you continue posting on this thread. I think it's totally possible to consistently earn 5%...

I guess it depends on the temperament, psychology, risk tolerance, and general ability of the person. I've traded stocks for awhile and am still under a year in forex. However, I've been making 10-20% monthly on the forex with a very low lose to win ratio. Once every other millenia, I'd hit...

Therein lies many assumptions, and we know what they say when you assume. The main assumption is that I have somehow become "authority" or "expert" on forex. I don't believe "anyone reading that" would think I'm an expert, because I believe most ET readers are somewhat intelligent. I would...

And if the first trade is a loss (unlikely, I know) who has come out ahead? I guess this one's open to debate: Trader A has 5000, and can no longer trade. Trader B has 5000 and can trade with anything from 10 to 5000. And if the third loss is a trade ("50% in this case") who has come out...

And yet we inevitably have redundant posts emphasizing risk and the fact that FX is not easy. In future posts, to save time, I will refer to the importance of money management, doing your own DD and the difficulty of FX as "yada yada." I still believe that FX offers great opportunities...

Also, I made no contention that smaller lots contribute to the feasibility of percentage goals (WTF?). Those are totally independent statements. I even tried to signify that by using separate paragraphs.

To Illiquid: Yes, the yahoo statement's somewhat right. Late Apex already stated it (excellent post! Should that be required reading?),but I knew my simple example could garner more understanding. Maybe the popular denotation of "exponential" has people thinking in terms of millions...

Where did you get the "three months" figure?

I logged back on to see how many inevitable flamers this would inspire to write. I'll address their statements first in the same way: Yes. I am an authority on Forex. Naz Smith. I've learned all the intricacies about the FX market. Maybe compounding returns works differently in FX than...

I just wanted to write this to hopefully inspire some people to try their hands at Forex. There were a few posts that encouraged me to stay on track. I've read many posts that overwhelmingly emphasize the risk. I believe if you've traded stocks and/or options for awhile, you're aware of risk...

Thanks for the responses. Esignal is leading Oanda in speed, and I assume this is because of what the other poster states. I actually don't mind the frequency of pip changes; however, it's of no use if I can't trade it that way. I guess I'll need to find a feed that has the same source as...

Does anyone else have these two? I've noticed Oanda doesn't match up with Esignal at all. The problem isn't the difference in pips, the problem is the frequency of change in pips as well as direction. I'd have a trade on that will be up in pips many times on Esignal, but after a certain point...

I'm a newb to forex. I've invested in stocks for several years, and have traded short-term for a few years (options as well). After seeing the alleged 90% failure rate printed many times (can anyone cite an actual study and its methods for deducing this number) I just wanted to ask: what is a...