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- sloanman replied Feb 8, 2015
Your results are impressive but who exactly are we donating to?
- sloanman replied Feb 8, 2015
Banker: So for what purpose would you like to obtain a loan from us. Me: I would like to engage in Forex trading using 50:1 leverage in order to gap trade over the weekend. Banker: (silence) Me: What? Banker: (silence)
- sloanman replied Jan 31, 2015
If you have an eye and can read price action, which in my mind equates to reading people's emotions, it is possible to make a lot of money. There are very few people who have that ability and the patience to wait for the timing to be correct. ...
- sloanman replied Oct 25, 2013
Forex gains do not get capital gain treatment. You must hold a security for at least a full year to be classified as long term capital gain and therefore pay at a lower rate. Most traders are governed by IRS Code Section 988 which classifies income ...
- sloanman replied Sep 30, 2013
Yeah cause I'm an idiot. My point was Forex has the least restrictive barriers to entry of any market. If you have an edge and enough time you actually can do it. I am talking ten to fifteen years with the example I gave. I have seen people come and ...
- sloanman replied Sep 30, 2013
You really don't need a lot of money to effectively trade forex, just the ability to trade very small lots. If you can find an edge, add to your balance incrementally as you hit targets. You know what you can afford, don't add to your account until ...
- sloanman replied Sep 28, 2013
video Still the best freakin band on the planet. New music that is as good as anything they have ever done. Makes me want to trade *alls out with no stop
- sloanman replied Sep 18, 2013
Are you actually suggesting that somehow technical analysis will prevail in a real world situation such as what happened today? There was actual market making news. The Fed is going to keep interest rates low for the foreseeable future. How does ...
- sloanman replied Aug 31, 2013
I lost a marriage over my obsession with Forex. i had just started trading and was sure I would be a millionaire within a few years. That initial rush where every trade is life or death, overleveraged and shooting for the stars. My focus was always ...
- sloanman replied Aug 30, 2013
What about infinity TIMES infinity?
- sloanman replied Aug 24, 2013
Hello P & T, That equity curve is incredible. I am interested in knowing what program you are using to backtest this, i would like to use it. Thanks
- sloanman replied Apr 7, 2013
As long as the dude realizes he is gambling what harm is there in it? Lot's of people engage in risky behavior everyday. I don't think he is suggesting that this is the proper way to trade. It is highly unlikely but possible to get ten 200 pip swing ...
- sloanman replied Jan 20, 2013
My brain just exploded...wow
- sloanman replied Jan 19, 2013
The spread (and negative roll) is the green zero in forex. They got us coming and going. I love your MM and when I'm not purposefully trading like a retard (i.e. completely over-leveraged) I use exactly that. Been working for five months now ...
- sloanman replied Jan 12, 2013
What he said ^^
- sloanman replied Jan 7, 2013
Here is how I see it based on the broker that I just tested: If you have ten trades at $100 and win five (therefore losing five) on the five winning trades you would get $175.00 per trade (including your initial $100.00) for a total of $875.00. You ...
- sloanman replied Jan 7, 2013
If you can win 75% of the time you don't need my advice and you would be correct in your assumption. I know of no one that is correct 75% of the time however. I fully understand the effect of spread on trading on lower time frames. I am saying that ...
- sloanman replied Jan 7, 2013
No not replying to him. Just stating the way the game works. You bet whether an instrument will go up or down. If you are right you get 75% of your bet. If you are wrong you lose 100% of your bet. It's skewed heavily in favor of the house (the ...
- sloanman replied Jan 7, 2013
OK just to make sure I have it right, if you win your gain is 75% but if you lose your loss is 100%? So glad there is no spread or commission.... It's a roulette wheel with nine zeros on it.
- sloanman replied Jun 11, 2012
Hey peoples. Is there any way to tell how many traders are using Trade Explorer? I can see the leader boards but it doesn't mean much to be (for example) the 99th ranked trader if there are only 150 accounts. BTW I am aware that I am breaking every ...