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

Why use Quest when you have an Oanda account?

 

I will agree with you. Forex is not like some stock which can go to zero or up to infinity if someone gets a bug up their ass.

but the price you pay for that insurance is the leverage needed to make even a small profit.

 

Entries matter. Of course just cutting losses won't help if you don't know when and where to enter.

 

With Oanda, margin requirement in 4.5% for EUR/USD not 3%. Also, Quest allows me to easilly transfer forex profits into my stock trading account. The Stock trading account is purely for long term investments. Questrade also supports all of the Canadian investment vehicles like RRSPs and TFSAs.

 

yes, but whan I was younger, I had very good entries, now that I am old it is about 50/50

 

Your experience works in the reverse way?

 

no, the law of averages just finally caught up with me

 

Hmm... do you believe consistent good timing is impossible?

 

the funny thing is, good timing is exactly what I try to do in my conservative account. Over there I have been long the S&P since 2006, and know someday I will need to get flat. Plus I am about 50% in bonds, what's a guy suppose to do there? And just to make things worse, I am sitting on a pile of cash, losing me money everyday.

no, timing is everything

 

Atticus, before I get caught in what looks like a lie, I should explain. Those trades that I posted do show trades made during the day which happens to be my schedule. I know I said I can't make trades during the day, but once in a while I do get a window of time between my wife's work before noon when I'm caring for the baby, my CFA exam study until 2pm, and my work schedule from 3pm to 10pm.