People only talk about the good trades, for every successful trader there is 5 failures.

Forex accounts advertised side by side with Casino/Sportsbook/Poker should tell you something. It caters to degenerate gamblers that leverage themselves 100+:1 and eventually lose everything thinking they can make millions.

Just curious, what kind of leverage do you boys play with?

you are 50% right... a lot of people jump into forex and know nothing about trading.. and yes, they lose it all in short order.

i use 3 different brokers and i am at 100 to 1 leverage on all 3.. i never use more than 20-25% of my leverage and thats only if i am cost averaging several times..

typically i only use 2-3% of my leverage ability and thats what seperates me from the people that try to hit grand slams and end up striking out..

i am going to post my trades each day when i am finished for the next week and people can judge for themselves...

i will be the first to say that forex is def not for 99.9% of the people.. you will lose all your money if you dont know what you are doing, but with a little common sense and a lot of self educating, you can make money every day trading...

The bullshit and lack of knowledge on this board is frightening.

Where are my fucking hip waders!!! :1orglaugh :helpme

I am sure you can make money in it, but it is too risky for my tastes.

I have tried forex on 20k demo account for a month some time ago.
I had my own system and I've always traded by the system.
And after 1 month I had 117k. (I'm not shittin' you)

Was it beginer's luck or I did learned the stuff well I never had a chance to check,
since I never had enough money to start live trading.

Recently I've even tested some EA (automatic trading products)
and off course none of them work nearly as promoted.

PS: So if anybody has 20k to burn - burn it on me. It might be worth it :)
red or black, red or black, red or black...

so trading is just like the casino? just go to the fuckin casino, atleist you will not get bored their & you will probably meet some hot chicks to bring home later for a good fucking:2 cents:

i lost 10 bucks in trading 2 years ago.. u got like 10 free for signing up :D

Trading with "demo money" is much easier that when it is the real thing. It is the emotional variables that come into play that make trading with real money much more difficult to handle. And that goes whether you are dealing with leveraged products like forex or options but also for simple non-leveraged equity trading.

how did you guys learn. i tried reading up some stuff but jesus it looks like itll take a year to learn.. so many new terms and stuff. its like a different world.

So, I tried to read the informative posts in this thread.. not many, but..... :) I signed up at forex.com and got my Practice Account. I am sick today so I will not be doing much adult work, but I could need something to read on my laptop in bed. If there are some forums or messageboards you think I should know about regarding this, please PM me! If there are anything else you think I should know about Forex, PM me. $1,000 a day sounds like heaven to me, but I still have no idea what this is so I better read up...

My first test run... lost $1,700 in 5 minutes! Well done!

Sounds like my first attempt. :1orglaugh

I played through oanda.com but from the start I tried to pretend it was real money... I still did some bigger trades that were more risky but generally I was fairly conservative. The downside was that to earn even $100 I'd have to do a bunch of small, conservative trades which would consume several hours. Doesn't seem worth it.

I never did start with real money since my local currency isn't USD... any gains could end up half wiped out when I convert to AUD.

Being able to experiment with play money is great because you can see how quickly things go red. Keep at it, but don't get overexcited and forget that one day it could be real money you're losing. :2 cents:

What many of you are failing to realize is that Shamus McFamous will NOT be coming back to tell us about the 20k that he will inevitably lose. It's part of the game, you win some, you lose some. You just count on your winnings exceeding your losses.

I felt compelled to make this post as I see entirely too many people getting excited about the opportunity to make "easy money" when in reality this game is FAR from easy. There's a reason over 90% of people are on the losing side of the table.

Fuck you are an idiot. Youre a broke ass clown who thinks he knows everything while you dont know shit. In the end everyone around you is making money and you are a broke loser.

Hes upset that everyone around him does make money and knows their shit. Hes compensating that by bragging about stuff he doesnt have or doesnt know. A total fucking loser of the worst kind.

Couldn't agree more!

LOL at the forex traders.

Ive looked at forex.com in the past...interesting stuff, but I dont have the $$ to lose at the moment.

People are only going to post when then make money. You will never see a post like:

I just lost 10k on forex today.

This is the equivalent of some loser posting about hitting a hot chick ....

We all know he beats off to gay midget porn the other 364 days a year.

I just couldn't resist this message... SEE SIG!

and for MarketSmart, Good job, keep on learning and improving your skills =) its great to see there are some traders here on GFY!:winkwink:

I'm jealous