Traders Laboratory - View Single Post - Eurusd 1.50000
Thread: Eurusd 1.50000
View Single Post
  #6 (permalink)  
Old 11-25-2007, 11:00 AM
brownsfan019's Avatar
brownsfan019 brownsfan019 is online now
brownsfan019 is happy we finally got a win!

 
Join Date: Jan 2007
Posts: 2,470
Thanks: 108
Thanked 186 Times in 116 Posts
Re: Eurusd 1.50000

Abe,
I assume that the jump to forex is saying that the jump to futures didn't go as planned.

I realize each market is it's own animal and perhaps trading forex will work better for you, but proceed with caution. It looks like you are looking for leverage and that alone is not reason enough considering how much leverage is available in futures.

My point is that this is a classic newbie move - try market #1 and when that doesn't work b/c you have not put in enough time and energy, move to market #2 b/c you found a chart or two that just provided thousands in profits.

Just proceed with caution Abe as I would argue that Forex is even HARDER to trade than futures since your broker can be working AGAINST YOU. The 'no commission' marketing BS is just that - BS. If you really like currencies, there's a few on the CME that trade, in particular the EC/6E that is plenty liquid for most traders.

Reply With Quote