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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. |
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Brownsfan, you are a very intuitive guy. I admit that I did consider moving away from futues due to lots of loss. But now I'm trying futures again with minimum leverage and following my rules this time.
But Forex is not a runaway move from futures. The leverage is good and it is another market which I want to watch. So right now I'm watching YM, some stocks, and starting to follow currencies as well. Also starting to watch mini Gold. Anyways, thanks for the heads up.