Forex Worth It?

I never chase pips, thats a bad habit. Let me know when you deal with 0-0.7 spreads, and when you can submit orders that will move the market, then we will talk again.

I have 36 today after comission for ~15% gain on my account... you trade w/ a broker that does not use comission, bucketshop ahoy!
 
Guys, does it matter?

significantly less pips than both of you. If you were make 5 pips a week but were trading 100 lots on each trade, that would be $5k a week (about. don't go into details with spread/pip value etc.). I'd rather those 5 pips than aiming for 600 with the same trade!

End of the day, every one managed money in different ways and has a different style. One may work for some and not for others. And visa-versa.

I know people who have made money by flipping a coin, and if it's heads, they go long, and tails, they got short. Everyone would blast him etc. but he actually made some OK money (but of course, it messed him over in the end, but that is besides the point here).

600 pips on a trade i don't feel is worth waiting for, and 6 isn't worth the spread with most commercial brokers. It's just personal preference.

Maybe you should both try each others strategies to diversify your portfolio's and go from short-long term and long-short term.

Longer charts are generally better value for money, but i've been in trades for weeks when i've been able to get many smaller trades on the reversals and pocketed more pips on the short term trends within the longer trends. I stick to 4 hour charts as i trade only a few times a week and it suits my style. It may not suit either of yours.

Just be glad you're making money, and stop flaming, please? Any pips are better than no pips!

PS - romeo, 200 pips in a day? I find that hard to believe. Post some proof or i believe people with accuse you of things. & spanky, 36 pips for 15% may be some pretty high leverage, might want to back off the gas just incase something goes wrong on a trade, but i assume you've already got that under control ;]
 
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Jammie,

If it was really that serious then I would post proof. But then again, if I did then someone would say it was photoshopped so I won't win either way. However, I do have a twitter account where i did post my trades live. If you want to see for yourself then you are welcome to follow me.

I told spanky, that he's found a system that worked for him and I found one that worked for me but he wouldnt let things go.
 
on twitter I am /braylon1177

I actually went short on gbp/usd at 1.4905 and took profit @ 1.4705

my signal later informs my followers to go short at 1.4805 and that was live. If they are still in that trade they are still up 90 pips.
 
Jammie,

I wouldn't target 6 pips normally with a commerical broker. You would get shot to hell trying to do that. Which is why I trade with brokers that give me institutional feed and execution. I don't trade if E/U spread is above 0.7 for me.

And yea 15% is not the average day, however this was with a smaller account with my larger accounts I can't make such an increase in account size becuase my orders would be too big for proper execution.

edit: but yea things are just too obvious
 
Yea I'm able to move the market a couple pips by entering big orders that cannot be filled at the current quote on the panel.

I use Currenex Instituional FXDD & ADM, and I also have an account with Dukascopy.

To get the CNX Inst. feed for FXDD and ADM you'll need to call them up, they usually require around 20-25k deposit to open an acct but you can talk them down. Dukas has a higher miniumum deposit but their spreads are lower a majority of the time

edit: make sure you test the platform before you actually deposit any money
 
Yes they are based in switzerland, but they allow out of country applicants to open accounts. You're correct about the min deposit as well.

I have not used hotspotfx.com, but if you are looking for a introducing ecn, i have used efx, pretty decent just a high comission
 
Oanda is fine if you are not scalping, They are still a Market Maker though so beware.

I experienced slippage and misquotes with oanda even when not scalping, just fyi
 
just some advice. dont trust robots, educate ur self but dont buy any course. u can find it free using google. and remember, using high leverage = suicide!!!!!!!!!!!
 
If anyone here is making money with forex then why would they be here on BHW ? It just doesn't make sense to me. If I figured out this whole forex thing and was able to make a living from it I don't think I would be coming here to BHW. If there are BHW members that are making a good living with any online method then what motavates them to come here?? I don't get it.
 
If anyone here is making money with forex then why would they be here on BHW ? It just doesn't make sense to me. If I figured out this whole forex thing and was able to make a living from it I don't think I would be coming here to BHW. If there are BHW members that are making a good living with any online method then what motavates them to come here?? I don't get it.

Multiple sources of income for me, the challenge of getting people to click ads or to buy stuff. You'd be surprised how bored you get when you have mastered something.
 
If anyone here is making money with forex then why would they be here on BHW ? It just doesn't make sense to me. If I figured out this whole forex thing and was able to make a living from it I don't think I would be coming here to BHW. If there are BHW members that are making a good living with any online method then what motavates them to come here?? I don't get it.

Ciao! StarBeltMarketer,
Exchange of ideas. Also, look at all the forums dedicated to forex; some of them will be making money:)
Ciao!
 
Hello dear participants of the dialogue.
I'm the official representative of the company LiteForex. My name is Dmitry. With the permission of the forum administration, I would like to invite all interested persons to discuss the services of our company in this topic. Also I'll be glad to listen to offers and help to solve interesting questions.
 
This is a live call.

Forex Trading: Signal: GBP/USD: Buy @1.4617, S/L @ 1.4517, T/P @ 1.4917 Enjoy the ride! Signal confirmed on 4hr chart
 
When you master something you're at the highset level...George Soros would be considered a master and is authorized to call himself bored with forex. IMO
 
Most ClickBank forex products are just overhyped pieces of garbage. If you really want to promote forex then look for high ticket items.
 
Most ClickBank forex products are just overhyped pieces of garbage. If you really want to promote forex then look for high ticket items.


Such as? I would like to start promoting Forex, but I feel lost in the jungle of garbage offers.

-
 
Forex is cool ... i have a german Forex Website and earning good money but i dont trade myself. To much risk
 
Forex trading is not a scam. It's like anything else, you need to research it, that's what I would do. And yes, people do very well, and others don't do so well. It's a hard market to call right now, I would stay with the stock market. Good Luck!
 
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