LOL I swear people don't actually read what they're replying to, or make some inane comment completely out of context! It reminds me of that joke about the guy asking for directions, "yes, it's half past nine"
I'm no psychologist but that's human nature I guess, it's more comfortable to blame the market/broker than accept responsibility, it always has to be someone else's fault. It also explains the resentment some people have for those who can succeed, they feel it reflects badly on them and their abilities.
This thread is smokin HOT. LOL.... Arguments, spats. debates... Love it.... And yet we were able to glean some important information from this thread.
Well it's true some people in the thread think that way but I'm not sure the dollar value is relevant, that's a money management issue. Pips relate to price movement only. And account size isn't relevant either, how much equity one has won't make it more or less likely to make 10 pips on average per day.
10 pips per day is the easy part for certain... Pick a volatile pair and go in that direction... But most people don't have the stomach for the minor pullbacks or the control of greed to avoid holding out for more and watching it all slip away. LOL. WHat I hate about forex is that it reminds me of the internet bubble mania. When people who dont have a clue jump in with wild dreams of making it rich overnight, but havent a clue about price action. I was one of those dummies. back in 98-2000. LOL. Problem was I knew how to interpret the signs. just was too GREEDY to obey them. Signs said go cash and I stayed Long. Now it's the FOREX game...... Paypal your way to millions... LOL. They cater to the unsuspecting.....
I think we're all aware of how currency pairs are displayed but thanks so much for the clarification! What he meant I believe, and he is quite correct, is that if you short Usd/Jpy you are in fact long Jpy, he was using that example in the context of issues relating to shorting stocks........oh I don't know why I bother really! Carry on forex-forex, you're doing a wonderful job. F me too, eh.
I heard some brokers are going to start accepting food stamps, milk tokens, and benefit checks, and even offer a facility to have pocket money credited directly to trading accounts! (I'm being facetious by the way, before anyone starts!)
It's really late.....or really early, depending on where you are in relation to the sun and moon Now when are these currencies going to start moving, I'm getting bored!