US regulated brokers do not allow hedging and they require you to close in a FIFO order, they also require 10 times more to be deposited for margin. So if you want to trade a standard lot of USDJPY with a 30 pip stop, even though you are only ...

The most secure forex broker?

Yes, because my unregulated broker only requires 10% of the margin requirement as the "regulated" US broker. Since money isn't protected in either scenario, I save 90% of my trading capital with my unregulated broker if something goes ...

The most secure forex broker?

That's my point. For example, FXCM was a US regulated broker, turns out they were running biggest scam in forex history. The US regulations are more about crippling the trader than protecting the trader. They simply want everyone to go back to ...

The most secure forex broker?

This money management of 2:1 risking 50% is meant to be played with a very small amount, not your main account. Take say, $100, if successful with 9 net wins, you've made $50K. Start with $200, you make $100K. Well worth a shot.

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

Why is everyone so focused on this so called "regulation"? US has the supposedly toughest regulations and the most scam brokers and the NFA doesn't even allow for protection of funds.

The most secure forex broker?

That's because the pair doesn't move. Of course, you can blame the NFA/CFTC for that as they are crippling the forex market in the US. You are way better off playing aussie strength/weakness through EUR/AUD and GBP/AUD as these two move 200 pips per ...

AUD/USD

This is exactly what I do. Especially since the NFA does not allow segregation of funds in forex accounts, your money is not protected anyway. I simply feel I have way less at risk offshore as I keep 70-75% of my trading capital in my own bank ...

OANDA Discussion

Only problem is you are paying way too much in spreads and/or commissions. Depending on your trade size, this eats tens of thousands of hard earned profits.

OANDA Discussion

. What I'm saying is I can derive the price of any pair, with any two crosses related to it. I do not need any USD quote to do so. The true definition of base currency is the second currency in the pair, therefore, every pair ...

Dragon Riders GBP/JPY

From the link you provided me: Back in the ancient days, if someone wanted to change currencies, they would first have to convert their currencies into U.S. dollars, and only then could they convert their dollars into the currency they desired. For ...

Dragon Riders GBP/JPY

Sure and EURJPY is derived from EURAUD and AUDJPY, no USD involved. What are YOU missing here?

Dragon Riders GBP/JPY

How can the base be USD when neither pair mentioned has USD in it? C'mon man. For example in EURAUD, the base currency is the AUD, the counter currency is the EUR. The USD has nothing to do with it. It is simply the price of the EUR in relation to ...

Dragon Riders GBP/JPY

Yes, about 90% of my trades are either GBP/AUD or EUR/AUD. They trend beautifully and when I'm wrong, I just hedge for a day or so and then it will resume its trend. You need to take on this business knowing it's manipulated and figure out your edge ...

AUD/USD

Actually, you can take any two crosses which share a common currency and apply that same formula. For example, if EURAUD is going up and AUDJPY is going up, EURJPY can ONLY go up. EURAUD right now 149.23, AUDJPY 86.04. EURJPY is 128.40. So they are ...

Dragon Riders GBP/JPY

If you want a "regulated" US broker, the NFA and CFTC have made it so you only have two choices....Oanda and Forex.com, unless your net worth is 10 million, then you have other options. They both suck, your only choice in US is an "unregulated" ...

The most secure forex broker?

Are there REALLY still people trading here? Seriously?

FXCM Discussion

Not quite, there is an entire third group, it also goes into the pockets of the market making brokers such as any option regulated by the NFA in the US. Not experienced, knowledgeable and disciplined, but lying, cheating and stealing.

Dragon Riders GBP/JPY

Actually, if your down pips you are getting schooled by the market. I aim for 500-700 pips per month and it provides a very, very nice supplement to my income.

Dragon Riders GBP/JPY

Not me. Only 102 since Monday, but 687 pips for month.

Dragon Riders GBP/JPY