TheBigMan

Sounds to me like you have demons. Try an exorcism. LOL:haha:

I found more information than I wanted to. There are brokers who were sued for manipulative practices. Take a look at the attachments.

I am aware in equities that you are dealing with a computer program (Black box) when you trade stocks. At one time it was a specialist (Human) All order are routed through various exchanges. Now with forex, there is no centralized location. Therefor you are trading with just the people that go through that clearing house????? In addition, most small forex brokers are not really brokers but just websites. (Middle men)These brokers really just support you and some hold your trade if you loose all the time and keep your money. That is why it is difficult to get paid if you are a winner. Can someone shed some light on this. I am trying to figure out how the forex chain really works

They get paid by pips. I don't remember exactly how much. I think it was an 1/8 of a pip per 4 or something like that.

I got this idea from another forum. Someone suggested that we try to stay on top of and share any new found info on this Wikileaks guy. He claims to have vast information on banking/The markets in the US. After he let that information out they came down on him like a ton of bricks. Personally I couldn't care less. I am concerned with my account coming down like a ton of bricks. Please post any new found information or any new websites for this guy so if he does drop a financial bomb, we can all respond quickly and save hopefully all our money before a landslide.:crap: http://www.guardian.co.uk/world/series/us-embassy-cables-the-documents

Does anyone know why SpeedTrader no longer offers automated trading?

I don't know. I do think that with Forex, successful automated trading is possible with controlled losses..

Wow this post above was made in 2008. A full two years before these guys got caught with their hands in the cookie jar.

Does that include you(Just kidding) But that is also true. Actually as a equity trader I have tunnel vision. price & volume is pretty much just it.

I did hear that but also some folks said it was the setting which needed readjusting along with the currency pairs you chose. Those two things had a great impact on your outcome.

Does anyone use automated software to trade Forex, I have been reading about many automated programs with grandiose performance being promised. I have come across about six. However, very little is being written from objective people about results.

Don't feel bad. You have a lot of company in that boat. I have and I am sure many others if not all have done it. Cut your losses. The time you have your capitol tied up could be time spent recouping your losses on new trades. Look at the 28K loss as tuition in the school of (What not to do in day trading 101) When you get sick, you go to the doctor to get an injection. After you take the injection, you then begin to get better. TAKE THE INJECTION.... The full needle 28k worth. You will feel better a week leater when you have made up most of your losses and trading with a more level head.

I think we have all been there... Look at it as an additional tuition in the school of day trading...

When I read statement #4 I instant came to the conclusion that his was a bs. article. The movement of the market due to upward or downward pressure is natural and quite common. We see it every day weather stocks go up or down they do it in a zig zag pattern. He said "Yet once again, computers replaced humans in exploiting this edge, thus rendering the strategy ineffective." That is how most traders make their money.....:crap:

In that regard, yes you are right.

The term programing when it relates to Tradestation is really just logical expressions. It is just like MS Excel when implementing formulas. If this, then do that, if this number is greater or less than , then do...... etc. You will pick it up quite quickly.

If you are doing automated trading and letting it run alone, wouldn't have a battery backup regardless of who you are using?:crap:

I have to respectfully disagree. With stocks which is all I know about, your chances are 50/50 In all fairness to that, you can throw a dart and you have a fifty percent chance it will go up. There is no other places for it to go. Up, Down... That's it. Now if you incorporate stop losses, when you lose you don't lose much. Sure that is in really simple terms but it is the truth. Now as you hone your skills you will become more proficient and therefor increase the amount of profitable trades.

I traded for a living about nine years ago. I started with Datek which is no longer in existence and then I went to Speedtrader. My success was due more to common sense & luck because my knowledge was minimal at best. I made about 150K in 13 months. I then became a landlord. I plan on returning to Trading come the first of the year as soon as I settle on the sale of my apartment building. Now I will be playing with between 3 & 5 hundred K. I am taking these couple of months to reacquaint myself with the market by learning the routine of the ten stocks I will play with. I must admit it is very scary and there is so much information out there to interpret. :crap: The benefit I have is that a can stay away from the smaller stocks which tend to have more volatility in them. I don't even plan on using any margin until I feel comfortable with the way things have changed and work now. If anyone has any help, suggestions it will be appreciated.

I hope someone can help me understand this. I am just getting back into Day Trading. I have been reviewing this and other sights for general information. The question is, if you are trading and making money, a $100 or $500 payment to improve or increase your profits should be insignificant. Therefore, what are the average folks around here making from day / Swing trading. Or is it something that most do for a hobby?