forexjr, wat bulkbiz said is true for us all 99% forex traders. They lose money 1st, only they gain, lose not mean demoralise, bt to gain exp on where we were wrong.

Imagine that ur a new worker jz got hired in a factory to operate a technically difficult machine without any skills, ur boss jz ask u to operate 'with ur own', u do not hv skills, so u operate it without exp n knowledge, according to the law of nature, u will hv many mistakes n scoldings by ur boss, thats frustrating, u might get it done properly the 1st time, bt not nex time. Bt throughout the years, from all the mistakes u learn sumthing, ur scolding become an opportunity to correct it. Finally, u not only learn to operate the machine thru time, bt u hv mastered a very useful skill, which nw ur boss really needed to generate productivity. Forex is the same as well, i assume u don hv sifu to guide u thru ur path, is all by ur own, so who will be ur sifu? ur exp, who will scold u? the markets. who will gain productivity? u n ur profits.

Is like wat many ppl said, u can have the best system in the world, bt u cant replace it wiv exp.. That is why many new forex trader when they win the 1st few trade, they 'thought' they were king, bt after they gt loses later, they feel that forex is not for them. So do persevere if u wan this to be ur career later on.

I fear that u might end-up in a 'king-kong syndrome', bt don worry, pls use good mm to cover ur 'mistakes', i saw u using 'hopefully' this word, be careful, in terms of psychology ur in a 'dreamland' my bro.. 

To ur trading success.

I'm sorry but we are not here to give free advice. This is not forex tips and hints. This is not a computer game where you can get a walkthrough guide all way to end game. No. This is real life. We learn by asking questions. This is not Malaysian high school where you sit there and get spoonfed with information. Nothing annoys us more than leeches who hangs around forums contributing nothing but expecting everything.

You ask the right questions and you'd get your answers. If you want to tell people of your success, then share it or shut-up. There's plenty of forex wannabes around and the problem is not restricted to this forum only.

If you want to share your first few days of trade that made you hundreds of pips, post your statement here and only then people can help you analyse and then give advice on where you went wrong on the entries that you lost.

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Added on February 3, 2010, 9:21 am
The leverage is getting higher but I think at this moment 700:1 is the highest. The 1000:1 was a figure of speech to highlight the fact that the higher the leverage you have, the easier it is on your margin. Then again, he could have found a 1000:1 broker and not telling us about it.

for god sake isnt this a public forum where you suppose to leech all the info you can get (Enter Keywords) ? wannabies yes everyone wants to be a millionaire.. we have to start some where why not start here.. besides fx is one of the last few places where with small sum of money you "can" grew it to be millions... not like futures your lost can be unlimited.. here is just limited to your margin which is safer..... plus its their money.. they lose it,... they learn from it or die.. isnt that in the disclaimer of the trading account.. this is a very high risk investment.. better than giving it to the local "boiler room"... atleast you get your hands dirty and you learn if you have the stamina and money to go on...who knows you might be the next gorge soros.. dream on.. and continue dreaming or take action..