Books by non-traders — If I may chase the rabbit a bit further - my favorite example of a worthwhile trading book by a non-trader is "Reminiscences of a Stock Operator" by Edwin LeFevre. It is a fictionalized account of Jesse Livermoore's ...

ES, Not sure why you find my opinion so interesting, but I'll play along for what it's worth. If a person or a computer was constantly monitoring the trade(s) then I would accept a "mental" stop as an actual stop order. What would make me more ...

ES, Who am I to say what is reasonable or not? There are zillions of ways to trade, and lots of traders more profitable than me. I'm just saying that I'm not personally comfortable with a 298:1 RR ratio. If the ratio for cash is less than that ...

A fair question. My line of thinking could easily be carried to the absurb. In the grand scheme of things, this is why I only trade with risk capital. My definition of risk capital is that I could lose everything in my trading account and it would ...

ET, Thanks for the detailed reply! I'm afraid we are at opposite ends of the spectrum in how we view risk. Not that that's necessarily good or bad, just different viewpoints. Let me explain. In my mind risk is how much I could lose on this trade or ...

ES, Very intriguing system there. One question from the peanut gallery. What is your risk? And what is your risk to reward ratio? You havn't said anything about that yet, and it seems like important information for any trader or invester or ...

The best source that I have found is a signal service that is based on support and resistance levels - Stormy Forex. Signal services are not for everyone, but I have very little time to devote to trading right now and this one has been working out ...

FT, It seems to me that you can make money by betting that a trend won't develop. Pull up the one hour chart on GBP/JPY for Thursday and Friday. I made some money by betting that pair had no reason to break out of the channel on Friday. When I think ...

And the peanut gallery says .... — Not a big guy or much of a fundamentalist (warning Will Rogers!), but I love trading the news, so for what it's worth .... I say stand aside: this FOMC announcement will not produce much of a trend and things ...

Merlin, I wonder if it there are opportunities to arb boxoptions with the real forex option market??? James

Nader, Thanks! Looks like those definitions might be a part of options pricing theory. I'm going to have to read up on that one of these days. Interesting analysis of long/short tendencies in EURUSD. I had not heard that angle before. James

LOL!! Maybe I fit in your third category! James

OK Merlin, educate me. Why is buying options a bad deal but selling them a good deal? James

[QUOTE=Snusmumriken] Thanks - this is the point I was missing. You would never be able to deposit one currency and withdraw the other in the long run. I stand corrected. Makes me wonder why they allow you to switch currencies between accounts? I ...

OK ... I emailed them again. Here is the exact email I sent: Clarification please. One of my friends is getting contradictory information from you and I want to make sure I understand what you are saying. 1) Can I create a sub account in a different ...

Hi FT, "edited to add" was my comments on their email. Everything from "Dear James" to the fx hyperlink was a cut and paste of what they sent me. Sounds like someone from their help desk is sending out bad information ... either to you or to ...

Jim, That's exciting news - you will make a great teacher! Here are a couple of thoughts based on your comments: - You need to consider capping the number of students you have at any one time. You enjoy teaching and value student feedback and want ...

I know that they have an office in New York and that they are incorporated in the US ... I checked them out with Better Business Beaurea (sp?) when I got an account with them. Don't know how the regulators fit in. Maybe they meet the requirements or ...

From the horses mouth — OK, I quit theorizing and just asked them. Here is the reply Oanda sent me: Dear James: Thank you for your continued interest in OANDA's FXTrade. At this time, the following currencies are available for ...