Its a $6.5 trillion cumulitive deficit and Clinton only managed an annual "budget surplus" due to an overheating economy. The deficit has been in existance for well over 30 years. Bush is a schmuck, but that figure is only partially his doing...

Consumer Price Index - Can you predict the direction?

Well, I heard if you pray to him he will speak to you, but as of yet I haven't tried it for myself. Just messin with ya. My honest advice... think! Think about how the news will impact the perceptions of the market and act accordingly.

Fundamental analysis

Thanks for the timely words of advice. I have been going crazy over the lack of decent opportunities lately and was contemplating throwing something on. It's hard as all hell to watch the market every day and make no trades, but your absolutly ...

beware newbie..Forex is crazy

Why not just straddle it and find out? In all seriousness, just think about it. If the market is priced for a hike and it happens, why would a spike occur? If they don't raise rates in the same situation why wouldn't it spike weaker? Most of ...

Heads Up: CHF Rate Hike (Sep 14)

Why would you assume anyone gives a crap about a couple B in the trade balance?

US Trade balance 12:30 Gmt

1) You DO pay for many of those things. It is just baked into the spread. 2) Free forex demo accounts are so because the majority of the expense associated with stocks and commodities is billed by the exchanges they trade on. No exchange, no ...

Why Is Everything Free and Cool With Forex ?

OMFG!!! I haven't laughed that hard in a long time!

Naked Chart Trading

Not if you anticipate doing anything in the securities markets.

College Major for an FX Trader?

If you say so...

Naked Chart Trading

I actually have one, but unfortunately you can't afford it. Send me a PM when you have $1,005,000. You can pay me the $1mil and I'll show you how to trade the $5000. 100% a month returns guaranteed. In all seriousness, you can't shop a trading ...

Can 100% per Month be Achieved?

Buy no money down realestate and rent it out... Good luck!

Can 100% per Month be Achieved?

I just tacked it up on my wall. Thanks for the extremly useful chart.

Money Management vs. % of Success in Trading Systems

I see what your saying. Like I said I'm no probability expert. Anyway, at 5:1 w/25% winrate the return is still only 30%. Thats a little less then half the 75% winrate system. Also as was outlined in the consecutive losses probability table that ...

Money Management vs. % of Success in Trading Systems

Excellent work! The only comment I would have on the results is that while it may look great in theory to have a high risk/reward ratio, the factor of position size deserves more attention. At low leverages and/or fixed position sizes, the ...

Money Management vs. % of Success in Trading Systems

~4000 hours

Naked Chart Trading

I love it. The guy spends ~1000 hours sitting in a classroom learning the vagaries of the Roman Empire and the volume of a cone so he can acquire an associate's degree. Then he can somehow rationalize that spending more then 30 minutes a day ...

time commitment

I don't even trade off charts any more...

Naked Chart Trading

They do ($300-500k) but if your good it's peanuts in comparison to what you can make trading your own account. Plus they make you move to a specific location, work a 60+ hour week, fuss with paperwork, and deal with people. It's just more trouble ...

College Major for an FX Trader?

Couldn't tell ya. Banks don't pay enough to spark my interest. It might help to look here though: http://jobs.efinancialcareers.com/Trading.htm

College Major for an FX Trader?

Personally I don't think any of your choices are going to make the slightest difference whether you'll be successful as a trader or not. PHD economists can't predict with any certainty what is going to happen in the financial markets and finance ...

College Major for an FX Trader?