Yup, you should have started out with a demo instead of a live account - trading without a strategy is not a good idea, it is akin to taking a shot in the dark and hoping you've hit that pesky badger..

Why do Newbies Lose?

Here's one way to get an explanation for what broker's discretion is all about - ask your broker and chances are each would come up with their own version on how to define what at the outset seems simple enough - LOL

Define discretion

Nicely explained and yup, that's what a margin close out is all about and as others have pointed out, it differs by leverage and pair.

How many dollars do I have to lose to experience a margin close-out

Magic 8 ball, the brokers just follow through on whatever comes up..

Define discretion

Guess that depends more on the type of account you opt for, but yes, a larger account gives you more breathing space..

Which broker to trade with - investing $1000

You got to love the old threads - they get a new life, but it would have been great if the poster had come back with an update..

Which broker to trade with - investing $1000

You're welcome and yeah, when you think you have learnt everything, you find there's a whole new chapter. I could point out to the pre-1980's and today and you'll see the huge advantage of forums like Ffactgory and Babypips.. Please post any query ...

Why do Newbies Lose?

You're better off with manual trading rather than depend on a program developed by a third party. The only one making money out of an EA would be the developer, that's it. So take some time and review the stickies in the forum, along with other ...

Forex = legal scam

Hi there, Yes, the market is going to seem overwhelming, for all newbies. The good news, you know what you need to work on and what you must not do..so take some time to review the info in the forum, review some of the online edu courses and do a ...

Why do Newbies Lose?

The get rich analogy is true for all traders and not just the noobs throwing their hard earned money into the ring in hopes of getting lucky. Yes, trading successfully requires skill but it is going to take a lot of grunt work to get there. There's ...

Why do Newbies Lose?

Well, that's one of the top reasons as to why so many snake oil sales pitches get thrown about, "purchase my EA for $19.99 and make millions overnight".. Seriously, we should start a list of all the forex sales talk, esp those with unreliable ...

What was it like when you started? Don't know what's gone wrong!!

Most brokers, including legit and other variants offer bonus so you cannot use that as a metric to sort through the list. Do review the terms and conditions on bonus options and as regards this broker, just walk away since there's not much you can ...

Can't get funds from my broker

The last post just reminded me of the double slit experiment (where the end result is affected by the very act of observation). Applying it to the forex market, the more you learn, the less you know..yup! Knowledge does provide you with that edge ...

What was it like when you started? Don't know what's gone wrong!!

Well, consider yourself lucky..I got burnt for a lot more, as I started out in the currency market. And yeah, the course in question was a total wipe out. Wish I had something better to add here..at this point, all you can do is file a report with ...

Rob Booker

Believe me, we have all been there, wondering what went wrong..think of it as a initiation process. Do not pay up for any course, not at this point. And as to what you are doing wrong, well, you may want to opt for larger time frames or perhaps, it ...

What was it like when you started? Don't know what's gone wrong!!

Huh? So there's no refund option? How much did you pay for the course? And why don't you file a formal complaint..anyway hope you get your $$$ back

Rob Booker

Thanks for sharing John..just hope the others take the time to read all the posts from the very first one..

The Holy Grail - Found

Yup! The hype regarding the indicators are just that, a hype. Indicators do help but to depend only on that is idiotic.. And most newbies, think of indicators in terms of a green arrow, pointing the path to the nearest ATM. As others have posted, ...

Why do Newbies Lose?

Yes, several traders have done this and moved on to trade full time. Just stop thinking about it in terms of numbers and concentrate on trading..see you on the other side

Can you honestly earn a good living or even get rich through forex?

You mean trading account with variable spread, right? In which case, the name says it all, the spread increases and decreases, depending on the market volatility.

ECN Brokers