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James_Bond

Member Since Jan 14, 2010  556 posts James_Bond Jul 23 2012 at 14:12

TheLastBear posted:

Bankroll? Trading is not gambling...


It's not too far in between... wink


stevewalker

Member Since Jun 06, 2012  1439 posts stevewalker (stevewalker) Jul 23 2012 at 22:04
it is a type of gambling which way you trade.
technical,
grid
martingale
.............


James_Bond posted:

TheLastBear posted:

Bankroll? Trading is not gambling...


It's not too far in between... wink



TheLastBear

Member Since Jul 03, 2012  186 posts TheLastBear Jul 24 2012 at 09:39
I assume that you are not the most successful trader with that point of view. We can agree to disagree, but to me it is far from gambling.

Pax puts the X in Forex.
James_Bond

Member Since Jan 14, 2010  556 posts James_Bond Jul 25 2012 at 10:57

TheLastBear posted:
I assume that you are not the most successful trader with that point of view. We can agree to disagree, but to me it is far from gambling.


I don't think it's related. There are professional gamblers who make good money. Gambling isn't necessarily a bad word.
In my point of view, when you gamble, you have a 50:50 chance to win, which is the same as with trading, until you find your edge.

TheLastBear

Member Since Jul 03, 2012  186 posts TheLastBear Jul 26 2012 at 08:45

James_Bond posted:

TheLastBear posted:
I assume that you are not the most successful trader with that point of view. We can agree to disagree, but to me it is far from gambling.


I don't think it's related. There are professional gamblers who make good money. Gambling isn't necessarily a bad word.
In my point of view, when you gamble, you have a 50:50 chance to win, which is the same as with trading, until you find your edge.


If you trade with a 50-50 success rate you are doing something wrong and in that case you gamble. Trading has nothing to do with gambling. As I said, we can agree to disagree here :)

Pax puts the X in Forex.
Chikot

Member Since Jan 14, 2010  2299 posts Chikot Jul 26 2012 at 10:08

TheLastBear posted:

Chikot posted:
Oanda is the best. New trader can trade a little bit while learning without losing bankroll if any.
Oanda has unit based structure which allows to trade even $20 as if it is $100 K


Bankroll? Trading is not gambling...


it is.

Chikot

Member Since Jan 14, 2010  2299 posts Chikot Jul 26 2012 at 10:10
whatever view you hold you are still gambling on your view. It is just that you are amking educational gamble according to some method. There is pro gamblers who play black jack for a living too.

TheLastBear

Member Since Jul 03, 2012  186 posts TheLastBear Jul 28 2012 at 11:31
Well, we can agree to disagree on that topic.

Pax puts the X in Forex.
spoteuro

Member Since Mar 10, 2010  4 posts SpotEuro, LLC (spoteuro) Jul 30 2012 at 17:54
Looks like a lot of good choices have been listed here...

Just to throw our two cents, I'd look up the brokers in the US, then look up the CFTC info to find ones with good excelss net capital

(https://www.cftc.gov/MarketReports/FinancialDataforFCMs/index.htm)

then look to see if they operate in Australia.

I would agree from the lists that IBFX AU is good, though my experience has been w/ them in the States. Also, I'd check to see if Oanda operates in AU as well as Forex.com

Cheers,

James_Bond

Member Since Jan 14, 2010  556 posts James_Bond Aug 01 2012 at 08:54
I think Oanda operates only in US and Canada, however you can just go with the US branch. I think they have the best reputation out there and is definitely an excellent broker to start (and stay smiley) with.

Not sure if the the CFTC list is of any good - there were brokers listed there which still went belly up, although it does give some kind of reassurance that your money is in a safe place.

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