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Discussion from Suri Duddella's Chat Session on Pattern Based Trading
By
Soultrader, in Technical Analysis
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Well said. Broker-dealers that aren't connected to centralized exchanges or the prime interbank exchanges are, in fact, casinos--where nothing extends beyond "the house." -
My latest trick... After successfully live trading forex for years, switch to trading futures in the U.S. Chicago Mercantile Exchanges. Futures spreads are generally 1 or 2 ticks with no swaps, and data fees and commission fees are fixed. As a caveat, leverage changes throughout every day based on international sessions, so this is not for small accounts.
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@analyst75, I am just dying for you to write a sequel... Why Some Young People Prefer to Live Alone.😂
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I have to guess that a single person living alone, with no pets, with a light appetite, and in a small home stands the best chance. Less expenses = more time to get profitable. Maybe... an emotionless psychopath?😂
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IMHO, demo contests with a cash prize tend to cause new traders to take unrealistic risks because they're literally risking nothing to win something. I wouldn't get into the habit of that.😬
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