the simple answer to this intriguing question is that the bar would be raised. the more people making money, the harder it is to make money. in theory, for a zero sum game like forex, you want the market participants to be as dumb as possible

Any Consequence for having too many successful traders?

FX is indeed a zero sum market. its a negative sum market when you factor in the spread. judging from your argument of why FX is not a zero sum, you may be confused with what zero sum means. a zero sum market is a market in which there is a dollar ...

Any Consequence for having too many successful traders?

sure, my comments on FXCM could be seen as biased. but take out the FXCM part of my post, and the rest is unbiased. "the rest" is more important than what i said about FXCM. i have a saying... you either play the game, or complain about the rules. ...

Is this true?

hey matt! i think my book list URL got messed up when we switched to the new server. i threw it here http://www.forexfactory.com/contest.htm for now. btw, ive replaced Ralph Vince's book with Fred Gehm's "quantitative trading and money management". ...

merlin's library (and others)

oh gosh, more bugaboo broker tales. if you think your friend is trading big enough for FXCM to care about his P/L, you arent seeing the full picture here. yes, FXCM may take the other side of your trade, and yes FXCM may not like scalpers, but how ...

Is this true?

a trader has to feel the pain of loss before he can fully respect risk. and respect for risk is essential to success. therefore i say YES, one must lose money to be successful.

Is losing a requirement to be successful?

ok this is a bit tricky to do. first, you note the post number. then copy the address of the full thread. the address will look like this for my post... http://www.forexfactory.com/forexforum/showthread.php?p=36427#post36427 you then want to change ...

Interest

you should check out this thread.... http://www.forexfactory.com/forexforum/showthread.php?t=2969&highlight=cash+carry also, do a search for "cash and carry"

Interest

not a problem abo, i know your intentions are good, you can post whatever the hell you want but btw, there is a way to link to an individual post. click on the post number (top right), then copy the URL.

Interest

abo, you are going to be pleasantly surprised. what ES has going on is very solid. when he first came on here talking about the cash and carry, i was so impressed that i called him "ed thorp". i put about 8 hours into cash and carry system, but its ...

Interest

LOL! dial we just shipped you the pocket watch today. abo, you are going to love this stuff! hurry up to 1000 posts! seriously, if we did have one piece of swag, what would it be? t-shirt? with my pic on it?

Interest

as for free charts, i like VT too. but you really should get a good charting package, i am always touting the benifits of TradeStation. its really worth the cost. i couldnt trade without it!

Good Beginner Charting Packages

DUDE!!! traders dont spend their profits! they either grow them or lose them

What to do with profit money?

well i can understand this point. however, due to the scattered nature of the forex markets, there will never be a regulator body, at least not in our lifetimes. its hard to control markets that span many borders. to your point about stopplosses ...

Spot Market vs Futures

come on sam, are you telling me you have traded both markets and you see no need to trade forex? AT LEAST you would want to trade forex when your position is in an interest gaining configuration, right?

Spot Market vs Futures

thanks for the recos. i just ordered exchange rate determination, before it goes out of print and people are asking $600 for it, like they are with the Currency Forcasting book... do you have any recos for fundamental books in general? currency ...

abob's fundies journal

it will hurt your trading because you are supporting a jerk by buying it! LOL. the karma from that alone will hurt your trading LOL

Reading......and reading.......

larry williams just wrote a new book about COT, its supposed to be pretty good but i havent read it yet. larry is the expert on this subject...

Looking for a commitment of traders chart for the Eur/Usd

i have the two word solution for #3... Fred Gehm

Reading......and reading.......

this is one of the few books not even worth reading. it will actually hurt your trading

Reading......and reading.......