I have never met a trader who became profitable after only 2 months! Even the most successful traders were losing out for at least 2 years before they became consistently profitable. Do you backtest your methods before you go live? If you get +ve ...

Still losing

Apparently it is tax-free in the UK: Scroll to the bottom of the page: url and you will read: Winnings are tax-free in the U.K. It is always wise to do more search though. The more confirmations the better.

Binary options trading and UK taxes

FxPro provides up to 1:500 leverage and, in my opinion, they are an excellent broker!

Broker with 400:1 leverage

There is one at FxStreet but I did not find it of much use. You can always give it a try. Nothing to lose as it is free: url

Any good free forex trading chatrooms?

It may be true that he is making lots of money but that's because he trades lots of money - usually 4 standard lots/pip - so even if the price moves only 10 pips in his favour he makes $400 =~£260. You need very deep pockets to trade like that. For ...

Are there any successful Traders in Forex Factory?

If by ECN you mean the same as Non Dealing Desk broker, FXCM claims to be a NDD Spread Betting Broker and they trade microlots and minilots on an MT4 and a Desktop. FXCM was my Spread betting broker for years until after the swiss incident where ...

Spread betting and conflicts of interest vs CFD's

I don't know if this is helpful but this, apparently successful, Spread Betting trader reckons that companies hedging is not a problem for him: Another hot argument is whether spread betting companies do or don't lay off their bets. They probably ...

Spread betting and conflicts of interest vs CFD's

Apparently Spread bettors have not been affected as much. That's what Charles says: ~07:25min: url

FXCM Discussion

FXCM explains what they may do if a trader is consistently profitable: FXCM also offers forex execution via a Dealing Desk execution model. FXCM can act as a dealer on some or all currency pairs. Note, however, that FXCM is the counterparty to any ...

If you have a profitable system, will brokers sabotage you?

Obviously the amount you have lost meant a great deal for you and apparently it still does! I don't know if this will make you feel better but most traders, I happen to know, lost a six figure sum before they either became successful or, like ...

Right now, I feel that I'm the biggest loser in Forex

**LOL** Nice one!!! My biggest mistake was following gurus' strategies without questioning. It is shown that 80% of these so called "gurus" can't trade. They simply get richer by selling CDs, courses, indicators, signals....... "Who can't do ...

Post your mistake here - warn others

You are welcome I was emailed the live trading video at 16:17GMT: url as it is shown Charlie is trading the NFP. I never traded the NFP and I never intend to, but of course, this is a personal choice. And just in case you are wondering which ...

Looking for threads on scalping/day trading

Try Charles Burton - a well known british millionaire trader: url He also trades live every Friday morning GMT. He is the only trader, I have come across throughout the years, who puts his neck on the line. He also appeared on BBC "Traders ...

Looking for threads on scalping/day trading

Traders Millions By The Minute | Season 1 Episode 2 video

Youtube trading videos

They sent their last signal on 28th January 2014 and then they disappeared. I emailed them many times tried calling them but to no avail. If you know what happened to them please let us know. Very luckily for me they disappeared only few days before ...

i need good signal service!

I'm looking to buy ~1.6320 (~50% fib. level for the last 5-6 days) with sl below 78.60% fib. level and tp ~1.6450 (~50% projection of the last 5-6 days measuring from 1.6320).

Cable Update (GBPUSD)

I completely agree; the distribution of wins and losses are random so it would not be realistic to set a profit target for every month. Setting a profit target for a large number of trades or for a year it is more realistic. Here is a perfect ...

Is Forex reliable?

As reliable as other forms of gambling. If you discover a strategy that gives you an edge you can become like the bookie or the casino house and consequently make money over time. The casino's edge on the american roulette is 5.26% and on the ...

Is Forex reliable?

~2:20 minutes of video: Trading on your own is a brutal brutal exercise.... it is very difficult to become good at it extremely difficult if you can you are a remarkable person truly remarkable if you can make money consistently trading on your own. ...

Can you actually live off Forex trading?

https://www.youtube.com/watch?v=tmlscCK7E5c"> video What is the Martingale System? Some traders and investors mistakenly believe in trying to win back their losses. This system is known as the martingale system. Essentially meaning that you double ...

Does the martingale system really work?