This is a very insightful and thought-provoking idea. And it only solidifies my endeavors as a lowly scalper - heheh. Now I need to go and open a forex account, and start trading a mini while I commence to discover a decent swing methodology.
You're gonna need at least that much if you want to survive and learn in any case. And no one is forcing you to trade at minimum required margins, put down 20K and you can trade a single lot for quite some time while you educate yourself. "Forced leverage" is just the nature of the game; if you want to trade the Treasury market, you don't find some 2nd-hand broker to relay quotes to you or make some bogus artificial spread -- you trade treasury futures direct on ecbot like everyone else, and learn to deal with leverage from the beginning. The priority is learning to execute with the most transparent and fair market you can find, not trade at any place that will let you open up an account with a few hundred dollars. Let's face it: this is the one and only reason there is a retail fx industry to begin with -- why else would aspiring traders who've never traded anything else choose this market instead of stocks, bonds, etc?
A video about the NFP news trade: elitetraderdoesnottoleratespam.comnet/video.php?video=120806_USNonFarmPayroll
Oh cheers! I tell you there isn't a day goes by that I'm not amazed by what this market has to offer, it's money for old rope it really is! What is more amazing is that I'm able to make a living from it, now that really is amazing!
Where are you based in the UK - who have you worked for? We might know some of the same people! PM if you like.
ror, what spam...was the guy promoting his amazing trading skills or the also amazing fxcm platform...i missed that.
Hi Lon Eagle, I'm in London, are you in UK as well? I did a spell with Rabobank but that was a few years back, quite a few You're right, maybe PM is better Mick