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  • #166,321
  • Nov 26, 2009 8:29pm Nov 26, 2009 8:29pm
Quoting Pair-me-up
The Fool and Forex4pty

I agree about opening up a small account. But need to find a good broker that is not in the USA or based in the USA... I don't like those new rules that I read about. I have too demo accounts. One demo account is from the USA but based in the USA, So it follows the same NFA rules. I will wait until after Chinese New Year to open up a small account. If you know of any good honest brokers that have a good platform and are non-based. Then let me know..
I recommend a live account at Oanda - there is no limit on how small you can trade there. The recent new NFA rules had no affect on the Oanda trading platform. They always had FIFO setup. You can not hedge there from the same account, but you can get around that by trading from multiple sub-accounts.

Start with a live account where the initial account equity is small enough so that you won't be hurt financially if you blow the account. But large enough so that you will be peeved when you lose a trade or have a losing day/week or whatever.

Trading is a psychological game and any trader must learn what it is like to lose real money. Demo trading is great for trying out new strategies & testing, etc - but the psychology is not the real deal there.

Best of Luck to You!
"If The Fool persists in his Folly he will become wise." - William Blake
  • #166,322
  • Nov 26, 2009 8:29pm Nov 26, 2009 8:29pm
Quoting Pair-me-up
The Fool and Forex4pty

I agree about opening up a small account. But need to find a good broker that is not in the USA or based in the USA... I don't like those new rules that I read about. I have too demo accounts. One demo account is from the USA but based in the USA, So it follows the same NFA rules. I will wait until after Chinese New Year to open up a small account. If you know of any good honest brokers that have a good platform and are non-based. Then let me know.. I was looking into Dubai as a good location, since that country has no capital...
I use FXPRO, it looks good for me and low spread
  • #166,323
  • Nov 26, 2009 8:30pm Nov 26, 2009 8:30pm
Quoting Pair-me-up
amgblack,

FXCM UK is based in the United States. So basically if the USA government wanted your information they could easily take if from FXCM's main headquarters in the States. Just like they keep pestering the Swiss to give them information about Americans that have accounts overseas. Who are FXCM's biggest competitors? Thanks.
nope, FXCM UK is based in UK. They don't follow NFA and you can hedge
They have FXCM US as well.

All brokers do get you to sign a tax form for US citizens, no matter where you are, as far as I know.
I am both right and wrong, what's important is the amount of $$$ in my bank
  • #166,324
  • Nov 26, 2009 8:30pm Nov 26, 2009 8:30pm
Quoting Pipster888
usd/chf blasting off ..
SNB clearing out the speculative rabble.

  • #166,325
  • Nov 26, 2009 8:36pm Nov 26, 2009 8:36pm
Selling will continue into NY
current target 1.4888
I am both right and wrong, what's important is the amount of $$$ in my bank
  • #166,326
  • Nov 26, 2009 8:42pm Nov 26, 2009 8:42pm
I just gained 3x what I had lost 2 days ago on a short. 1.51 tp 1.4920


Turkey for all
  • #166,327
  • Nov 26, 2009 8:43pm Nov 26, 2009 8:43pm
Yesterday morning
(25 hours ago)

http://www.forexfactory.com/showpost...stcount=165888
  • #166,328
  • Nov 26, 2009 8:47pm Nov 26, 2009 8:47pm
Quoting Optimum
Yesterday morning
(25 hours ago)

http://www.forexfactory.com/showpost...stcount=165888
That was a good call.

But is this going to bounce futher? I'm out for the night and I'm going to sleep off all this turkey.

Anybody else out there periodically check fx during the night? I know I'm terrible but it buys the beer.
  • #166,329
  • Nov 26, 2009 8:51pm Nov 26, 2009 8:51pm
Quoting Mr. Freeweed
That was a good call.

But is this going to bounce futher? I'm out for the night and I'm going to sleep off all this turkey.

Anybody else out there periodically check fx during the night? I know I'm terrible but it buys the beer.
last night I did....checked it every hour throughout the night.
Going to make it big by age 21.
  • #166,330
  • Nov 26, 2009 8:53pm Nov 26, 2009 8:53pm
Quoting Pair-me-up
amgblack,

FXCM UK is based in the United States. So basically if the USA government wanted your information they could easily take if from FXCM's main headquarters in the States. Just like they keep pestering the Swiss to give them information about Americans that have accounts overseas. Who are FXCM's biggest competitors? Thanks.
He said he didn't like the USA rules. Hey chief, go ahead and try FXCM UK they have all of the things that you are looking for. I use them. Only thing changed was the margin limits.
All that is left in FF is just plain garbage. "Cloggie"
  • #166,331
  • Nov 26, 2009 8:56pm Nov 26, 2009 8:56pm
Quoting Mr. Freeweed
That was a good call.

But is this going to bounce futher? I'm out for the night and I'm going to sleep off all this turkey.

Anybody else out there periodically check fx during the night? I know I'm terrible but it buys the beer.
I think now Long

New strategy long entry 1,4919
T/P (Open)1,50~52 (Re-test 1,504x)
S/L 1,48
  • #166,332
  • Nov 26, 2009 8:57pm Nov 26, 2009 8:57pm
Quoting Optimum
I think now Long

New strategy long entry 1,4919
T/P (Open)1,50~52 (Re-test 1,504x)
S/L 1,48
on H4 selling is not completed
I am both right and wrong, what's important is the amount of $$$ in my bank
  • #166,333
  • Nov 26, 2009 9:00pm Nov 26, 2009 9:00pm
Quoting amgblack
on H4 selling is not completed
Correct, but 1.4920 is a hard one to break based on my fibo. Im on buy with TP 1.4966
Trade what you see. Write what you feel
  • #166,334
  • Nov 26, 2009 9:04pm Nov 26, 2009 9:04pm
Quoting e_piz
Correct, but 1.4920 is a hard one to break based on my fibo. Im on buy with TP 1.4966
yes but with such crazy move ... me wonders. It's safer to go down now then up.
anyway take a look at around Oct 26 and the downtrend that follows for a few days and see if that will happen again
and if it does hit 1.4888 I be very bearish and go down to 1.4851
I am both right and wrong, what's important is the amount of $$$ in my bank
  • #166,335
  • Nov 26, 2009 9:08pm Nov 26, 2009 9:08pm
go to rest euro, back to 1.2 within a year
  • #166,336
  • Nov 26, 2009 9:09pm Nov 26, 2009 9:09pm
Quoting amgblack
on H4 selling is not completed
First target 1,496x/7x After Down maybe re-test(break) 1,493x After go 1,50x and up up

present strategy :

10 Long - 1 Sell
  • #166,337
  • Nov 26, 2009 9:11pm Nov 26, 2009 9:11pm
Quoting ziko123
go to rest euro, back to 1.2 within a year
Never re-test 1,2

or

Maybe This day 21.12.2012
  • #166,338
  • Nov 26, 2009 9:14pm Nov 26, 2009 9:14pm
Quoting amgblack
yes but with such crazy move ... me wonders. It's safer to go down now then up.
anyway take a look at around Oct 26 and the downtrend that follows for a few days and see if that will happen again
and if it does hit 1.4888 I be very bearish and go down to 1.4851
based on my 4H, another down candle open will confirm change of trend. It has been down 200pip since yesterday. Retrace will happen if it going down anyway. Lets wait for another 4H candle to appear
Trade what you see. Write what you feel
  • #166,339
  • Nov 26, 2009 9:17pm Nov 26, 2009 9:17pm
Quoting e_piz
Correct, but 1.4920 is a hard one to break based on my fibo. Im on buy with TP 1.4966
It is indeed.....a break of 4920 should bring us to 4845-ish
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Doing what you like is Freedom. Liking what you do is Happiness.
  • #166,340
  • Nov 26, 2009 9:23pm Nov 26, 2009 9:23pm
we are at extreme level specially usdjpy and usdchf

one can start building a multi year long position on these 2 pairs aiming for a 3000 pips gain on each pair

this is a historical moment
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