Don't worry about the spread cost when you trade. You enter and exit trades based on technicals, psychology, and fundamentals. I could care less how much spread a broker makes on my trade. What goes in my pocket is most important. I often trade 50 ...

Is a great % of wins better than more pips ?

Yes it's true that some brokers do this. I asked my personal representative and he disclosed that they do shadow successful traders. This is normally done in large accounts and not with any below 25k. I got away without being watched because i hid ...

Do brokers piggyback on successful traders?

As an experienced trader i can safely tell you to forget demo accounts. Sure if you are just playing around its fun, but don't confuse this with real trading. It's like playing with a toy gun and then picking up a real one expecting the same ...

demo account experiement

LOL.... this guy is in serious denial. Read the article below it might clue you in to what the market is saying. I guess everyone is wrong the carry trade is not unwinding. I assure you people would gladly exit at 500 pips higher if given the chance ...

How i knew the Carry Trade was over!

Your ill informed... Yes their are brokers that allow this. Do a bit of research i assure you it's possible.

How i knew the Carry Trade was over!

Fair enough... but isn't this a traders forum? I understand your point and it's well taken. But if you just want interest... Buy NZD/JPY collect the interest... hedge in an account that doesn't charge you and bang you got exactly what you need. No ...

How i knew the Carry Trade was over!

Okay lets say you were long at GBP/JPY 206... then you sold at 236 made 3000 pips off the move up + carry interest. Cool right? Now if you hold forever and have stop loss at 206 ( your entry). You only made interest when at some point it retraces ...

How i knew the Carry Trade was over!

LOL.. Maybe you should see my email box. A correction of 1000 pips is a liqidation of the carry trade. What more do you need to see. No one said new lows were being made! When will you believe when GBP/JPY is at 200 or is the carry trade still on? ...

How i knew the Carry Trade was over!

Well you can't say we didn't tell you so. Burger & Darkstar also warned you about the risk of carry trade. I knew things felt too good to be true. This is when you know its time to exit. I think the carry will continue to unwind from this point ...

Are Carry Trades Wrong?

Don't purchase a currency just because it has a good carry value. You should choose based on fund/tech and not because of the roll rate. A years worth of carry trade interest can vaporize in a few days. With that said I do like the carry a few min. ...

Are Carry Trades Wrong?

BOJ Decision is not out. — Why has FF put .50% ALREADY? Fukui has voted to raise rates but it's not the decision yet. If they don't raise now Fukui will look pretty sad here and the Yen will get crushed. Just another example of why you never ...

BoJ Rate Decision and Fukui speaks at 1:30 EST

No this is not the rate announcement, just the monthly summary report. The rate decision will come between 11AM EST to 1AM EST. If you use Gain Capital they will tell you about 10 min before the announcement.

BoJ Rate Decision and Fukui speaks at 1:30 EST

Okay Merlin I get what your saying now.. HA HA Good link and exactly what i did into the G7 meeting. One of the few times I held over a G7 weekend. I certainly agree that was against consensus and an awesome trade. I posted a similiar prediction on ...

BoJ Rate Decision and Fukui speaks at 1:30 EST

I bet people will get their orders filled 25 to 50 pips off because they use limit/stop orders that will not be honored. HA HA i think we found a sure bet finally!!

BoJ Rate Decision and Fukui speaks at 1:30 EST

Rate Hike is not the consensus. — Okay i have read all of your post and replies to mine. No one person is right or wrong here so we will just have to wait and see the outcome. I do not believe a rate hike has been factored into the current ...

BoJ Rate Decision and Fukui speaks at 1:30 EST

You got to be kidding about this post. No brainer??? Nothing in FX is a no brainer. Blindly shorting the yen, no matter what the news will get you crushed very quickly. Maybe i misunderstood the source of your praise. Ro

BoJ Rate Decision and Fukui speaks at 1:30 EST

Your playing with fire establishing a position prior to the data. Even if you are right you will likely get a poor entry price. Normally stops are ran to the up and downside prior to the data. If the BOJ raises rates you can expect a pretty big wave ...

BoJ Rate Decision and Fukui speaks at 1:30 EST

Hey Cesar, I just want to say upfront that anything can happen on the open Sunday night. I am giving you my best prediction and what I positioned for. My opinion is many newbies & others positioned for a strong statement from the G-7. Others ...

G7 meeting outcome