Make a living trading FOREX?
- Thread starter mjl
- Start date
Really?
Agree, learning to trade price is the easiest part.....
There are a lot of good opinions about FX trading here. Some like myself urge caution, and there are others who say it's a walk in the park.
The harsh reality is that FX brokers need a fresh batch of new traders to replace the ones that lose everything. Without new traders - who think they can beat the odds - these brokers would be out of business.
So when you read posts here, keep that in mind. And good luck in whatever you trade!
The harsh reality is that FX brokers need a fresh batch of new traders to replace the ones that lose everything. Without new traders - who think they can beat the odds - these brokers would be out of business.
So when you read posts here, keep that in mind. And good luck in whatever you trade!
Are you sure about that?
I met a FOREX broker in my poker game last night who said it was not so hard. He offered to sell me a system where GREEN means buy and RED means sell.
Or, he would even trade my account for me if his system seems hard.
He also has a used car lot in Vegas in case I want a great car at a fair price.
I think the name of his car lot was something like Honest Johns!
I met a FOREX broker in my poker game last night who said it was not so hard. He offered to sell me a system where GREEN means buy and RED means sell.
Or, he would even trade my account for me if his system seems hard.
He also has a used car lot in Vegas in case I want a great car at a fair price.
I think the name of his car lot was something like Honest Johns!
Quote from cabletrader:
This
I think it's going to be interesting to see what happens, we could be seeing a preview on Oanda right now with all the slippage, it seems 'what you see' is not necessarily 'what you get' any more!
Slippage on nearly every one of these 20 trades today, both in and out.....it must be said though that a fair proportion was in my favor!
Account1
I guess there's a lot to be said for longer term trading where the odd few pips here and there don't really matter!
Account2
So this looks better for transparency no? I am new to forex, but not to trading.
I believe it's a step in the right direction for sure but I'm a bit skeptical about how it will actually work and whether it will be effective.
I imagine marketmakers are thinking up ways to circumvent the new rules as we speak!
Not necessarily , if they ever ran out of punters (highly unlikely when you look at bookmakers and casinos) they'd simply adjust their business model to ECN-style and provide a service for the ~5% and still make a healthy profit.
Losers losses only account for a small percentage of most shops revenue.