Well, that's a huge problem but perhaps not the only one. I strongly suspect that you'll find (a) that this idea probably breaches many brokers' terms of service (for understandable reasons, perhaps?), and (b) that if you end up with any kind of ...

Who is making profit in the forex market?

Yes; this ... if you allow for commissions/dealing-costs, the forex market is a "zero sum game", which means - exactly as you've asked above - that the total for that equation is zero. If your "broker" is actually a counterparty market-maker (i.e. ...

Who is making profit in the forex market?

Almost anyone who reads it, and really takes it to heart, will find it useful. I don't think I've ever before seen a forum post offering 14 items of advice and found that I wholeheartedly agree with all 14 of them. Many thanks for an outstanding ...

Just a bit of advice, for anyone, for free

You know perfectly well that when you start a thread with the words "Is it possible to earn an average 30% plus per week? This is your chance to find out, risk free", you're implicitly claiming that it is possible and that you yourself can do so. ...

Is 30% per week possible?

If you start with a fund of just $5,000 and make 30% per week on it, compounding just once a week, after less than 6 months you'll have made over $4.5 Million profit. Please excuse my stating the obvious, but if I could regularly do that, I ...

Is 30% per week possible?

Support and resistance are the underlying basis of almost every significant trading decision I make with almost every system and method I routinely trade. They're real and objective and significant. I endorse the recommendation for the thread ...

holy grail support & resistance?

No - it means only that they didn't work on that occasion. What matters, when making trading decisions on the basis of indicators, is the overall proportion of the time that they're indicative of something useful to you. That's never going to be ...

Why didn't the USDSDG drop?

People's answers will perhaps vary according to (i) the times of day they like to trade, and (ii) the extent to which volatility is significant to their trading methods, among other factors. For myself, overall, I find anything/JPY a little harder ...

Do you find it really hard to trade the USDJPY?

Not if you're using a genuine broker who deals at interbank on your behalf. I have no direct experience of this, myself, but was once told by an institutional trader that if a very large group of retail traders were all wanting to trade 200+ lots ...

Does Retail S/D affect the interbank market?

You're thinking of counterparty market-makers who are pretending to be brokers, not brokers. A broker is someone who executes a trade on your behalf in an underlying market to which you don't yourself have access, in exchange for a commission, and ...

Do You Know Any Millionaire or Multimillionaire Forex Traders?

I share your perception that there probably aren't many people here trading these, but would you mind clarifying what you mean by "pattern formations" and "PA" trading, please? I ask because I honestly don't know whether you'd consider some/many of ...

Trading Patterns

They are, of course; but even so I think that "too tight" and "too wide" are pretty easily definable, aren't they? "Too tight" means a SL used for a trade, or set of trades, or a system, which would produce either more profit or less loss if it had ...

Do you believe tight stop-losses cause losses in the long run?

Frankly, I'd "let go" of the conversation, at this point, guys? (I intend to.) Mr Mingary just wants to "Be Right" about this, and those discussions generate far more heat than light. However many I've met myself, who have been making their livings ...

Do You Know Any Millionaire or Multimillionaire Forex Traders?

I believe (in fact I know) that too-tight SL's cause losses in the long run, just like too-wide SL's do. That's kind of self-defining, though, isn't it? If they weren't performing sub-optimally, they wouldn't by definition be "too" tight/wide? A ...

Do you believe tight stop-losses cause losses in the long run?

I've met quite a few, actually, over the years, just because someone in my family does this for a living, including previous periods of working at a hedge-fund and a couple of other financial institutions. Most of the "home-based" ones I've met were ...

Do You Know Any Millionaire or Multimillionaire Forex Traders?

I hadn't read this old thread before, but have read it all, now that it's been bumped. It's full of opinion stated as if it were factual, and some of it's actually fairly ill-informed. Well, quite a few reasons, actually. Including, but not limited ...

"good traders trade, bad traders teach"

That's for sure. That's your prerogative, of course. But for the record, I don't disagree with anything you've said, here. (I disagree only with your inference that it rebuts any of the facts I stated above that! )

A year and a half experience and still facing difficulties

There are certainly some described (for commodities, not for forex, but the principles are similar) in Van K. Tharp's book Trade Your Way to Financial Freedom, and I think there are also some referred to in Tushar S. Chande's book Beyond Technical ...

A year and a half experience and still facing difficulties

I know. Sorry. That statement's true, in so far as it goes, but it doesn't detract from the equally valid observations I made above. No; this one isn't necessarily so. It depends on the broker's commission structure. The correlation between the ...

revenue of an fx broker

On the contrary: they actually get their MD first, and then do their residency after that. At the point at which they get their MD's, they've already had at least a couple of years' clinical experience working in the various different departments of ...

A year and a half experience and still facing difficulties