Do full-time forex traders exist or is it just make believe?

Discussion in 'Forex' started by zbojnik, Apr 4, 2013.

  1. By the way, I actually don't trade with Oanda. I trade with Questrade, a Canadian based company where forex is only one small part of their offerings.
     
    #741     May 3, 2013
  2. cornix

    cornix

    Already mentioned here Dukascopy has average Euro spread of 0.4 and has moderate requirements.
     
    #742     May 3, 2013
  3. Ummmm.... Think about that for a second. If you put it all in your trading account, you are earning no interest, and you're effectively long in the currency that the trading account is denominated in. Alternatively, you can leave the money in an interest earning account in your native currency, or simply diversify into other assets. I have chosen to diversify. Currency trading is just a small part of my overall savings. If I add to the account it will be from employment income.
     
    #743     May 3, 2013
  4. It's not really difficult. IBTWS is showing EURUSD at a half-pip mkt right now. 20k unit minimum.
     
    #744     May 3, 2013
  5. cornix

    cornix

    Right, @ IB it's pretty often 0.5
     
    #745     May 3, 2013
  6. Have you considered the bid and ask may be padded to allow for the tight spread? In other words you are seeing filtered data? I have no idea, just a thought.
     
    #746     May 3, 2013
  7. cornix

    cornix

    I've never traded with them myself as I switched back to SIFs from FX. Cvds16 trades through them for quite some time already, think he can share experience.
     
    #747     May 3, 2013
  8. You trade with margin > 50:1, no?
     
    #748     May 3, 2013
  9. ? you call that a trading plan? I'm just going to trade it until it is all gone?

    Sounds like my illegal online baseball betting account.

    Every spring I add money, and just bet the under on NL night games during the week.

    and I just do that until it is all gone

    that's my plan

    I have no loss prevention plan, and virtually no plan for taking profits, it's just a hobby

    forex on the other hand I take a little bit more seriously
     
    #749     May 3, 2013
  10. no, you don't, at least when it comes to this thread
     
    #750     May 3, 2013