Do you believe in forex?

Quote from LCFXTRADER:

I just started basket trading within the last month. Trading 14 pairs either long or short seems to take out some of the whip saws. The account is steadily climbing.
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I've been doing it a little over a year now, same results, need to be careful you are not just borrowing money to cancel out
 
No different than any other markets around. But everything is cyclical and Euro volatility dried up so much lately, that I switched to US stock index futures after almost 5 years with EURUSD and feel like in heaven compared... Moral of the story: any market is good if it moves. :)

IMO brokers are of secondary important as long as one is not trading with some hardcore scam company, which I always wonder why people ever choose at all...
 
Quote from oldtime:

that's the point. You'll still have all the problems trading forex that you have with anything else, with the exception of undercapitalization. There is just no excuse for it in forex.
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Ever have any problems with software glitches.. like freezing frames or complete software malfunction?

Also, how long have you been trying it btw?
 
Quote from theiguana:

Here is a link to a great study done by FXCM about success rates. By far the best study ever done on trading statistics.

http://www.fxcm.com/assets/media/pdf/fxcm-traits-of-successful-traders-guide.pdf
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you
have
got
to
be
kidding!

I wouldn't even call that a study. More like reassuring delusional BS.

If you've ever done your own back testing, then you'll quickly recognize that the charts presented are cherry-picked. Stops helping? RSI working? Laughable.
 
You posted this on another forex trading forum. What exaclty are you trying to ask?

Yes forex is real. Yes most people lose in it. Like they do in all other businesses as well.
 
Quote from HopelessTrader:

Ever have any problems with software glitches.. like freezing frames or complete software malfunction?

Also, how long have you been trying it btw?
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I've been with ib a long time. I waited a while and just watched because in the early days tws was very unstable. Back then I was trading beans and grains before they traded electronically, so ib was not an option. But when I saw what a great deal globex was for the small trader, I started trading ES exclusively and switched to ib because a guy at home could trade just about as cheap as a floor trader all costs (house, commute, Chicago) considered.

I've only been trading forex for about a year, and I really like it, and that is all I trade anymore.

no real problems with tws, never even think about switching.
 
Quote from Rationalize:

you
have
got
to
be
kidding!

I wouldn't even call that a study. More like reassuring delusional BS.

If you've ever done your own back testing, then you'll quickly recognize that the charts presented are cherry-picked. Stops helping? RSI working? Laughable.
More...

HAHA. I totally agree and I was only referencing the part of the study concerning success rates, win/loss ratios, reward/risk ratios, studies of volatility, etc. The BS about running their backtesting of strategies was ridiculous. Back testing while helpful has lots of flaws, especially is you are using indicators.
 
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