Prop for an FX trader

Huh? No spread on the 6E contract?

And you're trying to tell us you pay the spread twice in the FX market?

Please do tell...

 

of course you pay it twice

there's no last price traded

 

If he thinks he pays 2x for the spread, then he doesn't trade and shouldn't be giving advice like he thinks he is some expert.

And the 6E does not trade zero spread, aka 1.3867 ~ 1.3867.

Seriously Mr Wizard, you don't know what you are talking about.

 

Thanks...

What do you think about this idea: find a group of traders who are trading, and see if I can watch them trade and learn from them, then if they like me enough, join them?

 

I was looking into Maverick trading. They trade forex.

 

+1

 

At 50:1 leverage, I don't see why anyone would want to give you money to "learn to trade".

Put up a $1000, open an account at Oanda and spend the next 2-5 years cutting your teeth on screen time. If you don't have the cash, open a demo account and keep the demo set at the same dollar amount you have available for capital.

There are no shortcuts.

 

I would be alright if I could find a group of seasoned traders and learn watching them, without having to pay for it. Just the ability to watch and ask questions at the right time would be a big boost. The idea is that if they like me, I can join their group and work with them later. Sort of like volunteering and then getting a gig. At that point I would be fine bringing my own capital to the table.

 

And what are you bringing to the table that is so remarkable that a group of traders, or just a trader, should be willing to have you sit down and ask questions for months, all at the traders expense and not yours?

 

Personally, and this is just my personality, I like to offer my experience to people and help them out. If that person does well, they can work with me - I've found myself someone who is a partner. I know that not all people think that way, but some do.