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EURUSD

  • #299,301
  • Sep 30, 2010 10:22pm Sep 30, 2010 10:22pm
At what age did you start forex folks ?
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #299,302
  • Sep 30, 2010 10:23pm Sep 30, 2010 10:23pm
Quoting Bootleger
At what age did you started forex folks ?
I had my first margin call at 6 years old.
  • #299,303
  • Sep 30, 2010 10:25pm Sep 30, 2010 10:25pm
Quoting 2+2=4ex
I had my first margin call at 6 years old.
Whats your age now?
Holy Grail - Patience and Acceptance
  • #299,304
  • Sep 30, 2010 10:26pm Sep 30, 2010 10:26pm
Quoting Bootleger
At what age did you started forex folks ?
89
The Thief of Wall Street
  • #299,305
  • Sep 30, 2010 10:28pm Sep 30, 2010 10:28pm
good real answers
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #299,306
  • Sep 30, 2010 10:29pm Sep 30, 2010 10:29pm
Quoting Bootleger
good real answers
1998
The Thief of Wall Street
  • #299,307
  • Sep 30, 2010 10:29pm Sep 30, 2010 10:29pm
Quoting Bootleger
At what age did you start forex folks ?
At 83.45. Oh wait, nevermind. That's todays USD/JPY open.
  • #299,308
  • Sep 30, 2010 10:34pm Sep 30, 2010 10:34pm
Quoting Bootleger
At what age did you start forex folks ?
started @ 17 with a demo account in HS as a project to see who could make the most in a semester. didn't win but I made a profit but took second, I was the only one who traded forex, all others started a demo stock account.

first real money account @ 21...blew the first 2 (a little over 5 grand). now I'm @ 24 and still have my 3rd account(plus 2 more for hedging and another method), slowly but surely. I tried quitting a job to trade full time and quickly lost about 20K on one account so now I just work and trade when I see good opportunities on the daily/weekly for the most part.

I'll scalp occasionally just when I'm in here BSing or whatever but the real money is in sitting on your trades, letting them pay you the interest and then not closing them for tax reasons in my opinion.

I've got my leverage down to 20:1 now and hope to go lower as my account balance hopefully grows. been with oanda now for all 3 years

edit: by the way, I'm very thankful that I found this place. it's so hard to find local people willing to talk forex or trading in general and I've met a lot of really neat people here
  • #299,309
  • Sep 30, 2010 10:34pm Sep 30, 2010 10:34pm
Quoting Chicky
1998
  • #299,310
  • Sep 30, 2010 10:38pm Sep 30, 2010 10:38pm
Quoting uraceulose
started @ 17 with a demo account in HS as a project to see who could make the most in a semester. didn't win but I made a profit but took second, I was the only one who traded forex, all others started a demo stock account.

first real money account @ 21...blew the first 2 (a little over 5 grand)....
Lot a people seems to be recommending Oanda... Everybody happy with them ?
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #299,311
  • Sep 30, 2010 10:39pm Sep 30, 2010 10:39pm
Quoting uraceulose
No kidding.

Read my earlier posts on this. In fact I started my bookmaking (gambling) career in 1978.
The Thief of Wall Street
  • #299,312
  • Sep 30, 2010 10:45pm Sep 30, 2010 10:45pm
Quoting Chicky
No kidding.

Read my earlier posts on this. In fact I started my bookmaking (gambling) career in 1978.
oh I didn't mean that sarcastically at all Chicky. I know you're not kidding. I have great admiration and respect for all those that were trading this stuff back when it really started for the retail guys

I just thank you guys for posting
  • #299,313
  • Sep 30, 2010 10:48pm Sep 30, 2010 10:48pm
Quoting Bootleger
Lot a people seems to be recommending Oanda... Everybody happy with them ?
they've been great for me, quick withdrawals...2 days wire transfer into my checking account.

just about always low spreads except for a minute or so leading up to and after news times. EU is usually 0.9 pips..other majors about 1.5-2 pips. G/J and exotics will always be more for reasons that are out of most brokers control and but you get more movement on those pairs so it doesn't bother me when I decide to trade them

edit: they also VERY rarely have connection issues(10 mb/second cable modem) and ALWAYS are there in the chat/phone to deal with any issue that may arise. I've actually beaten the online price a couple times by placing a trade over the phone also.
  • #299,314
  • Sep 30, 2010 10:48pm Sep 30, 2010 10:48pm
Quoting Bootleger
At what age did you start forex folks ?
Age aside, look at my registration date.
Not all sins are created equal
  • #299,315
  • Sep 30, 2010 10:51pm Sep 30, 2010 10:51pm
Quoting tonyo524
EU's troubles are slowly starting to creep back into the spotlight. This ought to be an interesting October.
Media is FINALLY starting to catch on. This WILL change sentiment to risk off. It could be good for both. If USD could stay a little weak, AND EUR weakened, both economies could be helped IMO, USD just needs a little confidence back...I suspect a somewhat decent ISM number could start the fall.
  • #299,316
  • Sep 30, 2010 10:51pm Sep 30, 2010 10:51pm
Quoting Bootleger
Lot a people seems to be recommending Oanda... Everybody happy with them ?
Donnie recommneded Oanda to me several months back and I still use them today. They are a good broker (at least for the type of trading I do on there). I'm not as aggressive with my Oanda account as I am with my overseas accounts since I can't hedge a position (which I rarely do anyways) and since their charts suck big time. But for long-term position trading they're fine. The platform is Java based so I use any computer to log on which is cool also.
  • #299,317
  • Sep 30, 2010 10:51pm Sep 30, 2010 10:51pm
US DOLLAR INDEX – The greenback is consolidating below the 79.00 figure having tested the bottom of a falling channel that has framed price action over the past three weeks. Positive RSI divergence hints the next move is higher, with initial resistance marked by the channel top (now at 79.46). A break beyond this juncture targets 80.14.

http://media.dailyfx.com/illustratio...012010_USD.png
  • #299,318
  • Sep 30, 2010 10:53pm Sep 30, 2010 10:53pm
EURUSD Trader have woke up. Almost a 50 tick drop on a single bar (5M)
  • #299,319
  • Sep 30, 2010 10:53pm Sep 30, 2010 10:53pm
Quoting uraceulose
they've been great for me, quick withdrawals...2 days wire transfer into my checking account.
And yes forgot to mention this... they are good with withdrawals.
  • #299,320
  • Sep 30, 2010 10:54pm Sep 30, 2010 10:54pm
Quoting 2+2=4ex
The platform is Java based so I use any computer to log on which is cool also.
good point, that's something else I forgot to mention. The java based platform is great for checking trades at the in laws house for Thanksgiving dinner etc..or just about any computer these days.

no need to download anything, just go to oanda.com and log in
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Killerswrath