IB new forex spreads

That's true OZZY....................but only if you want to play for $6.50 to $12.50 per pip. If for any reason you want less risk (fear) per pip than yo must go to Forex.
 
You have a point. It's all relative I guess. But why would anyone play for less than 12.50 a PIP. You can't make a living trading 1 contract. I'm trading 10 contracts at the moment. But can't wait to trade 25 then 50 then 100. Got's to get paid!

:)

ozzy
 
I use to trade the big S&P when it was $500 a point and often put on 5 contracts. This is the current equivilent of 50 e-mini's. Yet today I prefer to sent out a couple of scouts and then if all is well a few more before entering heavily. TOO MUCH RISK= TOO MUCH FEAR=QUICK LOSSES.

One Mans Opinion
 
Obviously too much risk is hazardous and should not be part of any traders strategy. But with that being said, you also have to make money and the only way to make money is by increasing size. I'm not advising that someone new to the game start off big, I recommend the exact opposite. But with experience you have to start increasing your size.

P.S RISK can be contained using STOPS, monitoring your own psychology and any other factors which prevent you from trading objectively.

Good trading to all.

ozzy
 
:)

Yes to each his own. No one method is right. There are many ways to be successfull in this business. Every situation/person needs to figure out what he/she is comfortable and what works for them.
 
Quote from ozzy:

All I have to say is one word.

"FUTURES"

It's the way to go.

ozzy
More...

Only the way to go if you trade a small group of currencies. If anyone is interested in crossrates they have no other choice - I prefer spot because I don't only want to trade eur/usd or usd/jpy.

MK
 
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