Actually, there is one crucial difference: say you have 10,000 dollars and put into a trading account. If you lose it, it's just your money, you don't owe anybody anything anymore. You'll just be broke, and maybe still have a job. But if on top of ...

Take a Loan to Trade?

Well, just tell me your name so I can be on the lookout for when you throw yourself out the window and make at least a headline under local news.

Take a Loan to Trade?

Ha. My broker mistakenly credited my account with about 3,000 dollars. Silly me I called them to let them know, and when I did, they disconnected my account for about half an hour, the time it took them to fix their blunder, and blamed it on some ...

FXDD Class action lawsuit

Couldn't have said it better. Price has a memory, I've lost money because I just couldn't afford to wait for it to return for reasons of undercapitalization. And more than once. I've picked tops and bottoms (the wrong way) for precisely that reason, ...

Why are most retail traders usually on the wrong side of the market?

So open an offshore and trade through it.

US citizens won't be able to have forex accounts overseas

If only it were that easy. Just look at how pummeled the AUDUSD is getting lately.

AUD and CAD and Interest Rate increase

Yeah, they want to keep it as unregulated as possible so they can make as much money as possible.

FX sector unites to form global body

Ask someone to write that down on your tombstone after you lose all your money. I've been trading forex for almost a year now and I've come to realize even 10k lots can kill you if you have a small account (and by small I mean less than USD 10K. And ...

What does Abs. gain mean?

It's true, that is the way to go. But they know that, so they've got that covered too. They'll charge you outrageous swap points, so it becomes losing proposition to hold positions long term. You should see the rollover my goddamn broker charges.

Why does Automated trading never seem to work?

Gee, I dunno. Maybe the platform tells them everything about you? They know everything you run and you do. My representative told me "yeah, I noticed you've tried out a robot".

Why does Automated trading never seem to work?

Fooled by randomness is nothing but pretentious talk. You want a useful book about forex, read "how to beat the forex dealer" by agustin silvani.

Forex Books you would Recommend

That's a big if. How about if you'd gone short the EURUSD at 1.00?

Got into a discussion with someone, he says forex is inherently a losing game

He's right. I put 5000 USD into forex, six months later I''ve barely broken even. My broker got around 3000 USD in commissions. There's truth to that saying "where are the customers' yachts"? Had I invested that same money in the stock market in my ...

Got into a discussion with someone, he says forex is inherently a losing game

That's nice. What broker are you using? And what's their spread?

Poll: What is the best way to make a few pips a day??

Could we keep this on topic, please?

DBFX - anyone trade with them?

To be honest, I can't tell you what they're like under normal conditions. In only tried a demo last year, and it's not unlimited, so I don't remember much of it anymore. Somehow it didn't feel too different, but I did only demo their MT4 platform. ...

Switching from market makers to the next level

So you're against forex, period?

Switching from market makers to the next level