You are joking right?

Oanda is good too.

This is based on my journey/experience in forex. Others might differ.

1. I have spent around 5 years trading forex, I have tried everything, coded many robots, etc.
2. I have not been profitable till recently. Forex is not easy, it is difficult. But once you have mastered the art, it's easy. Like when you learn to swim, first it is hard, but once you 'get it', you can swim easily. Same as cycling too.
3. You need an edge. Nobody will reveal their edge easily. Without an edge, whether it is statistical or not, you cannot beat the market, no matter how good your money management is.
4. Once you have found your edge, you can turn it into a robot(if your edge is mechanical), otherwise, you have to trade manually (if your edge is discretionary).
5. I don't trade using indicators. The price is my indicator. Have you heard of "Price is everything"? But I know some people are very successful trading using indicators.

That's all for now. I would like to listen to other traders' too. Would be very interesting if we could share our experiences and journeys.

Awesome stuff? Sure, more.

Are you holding many positions on EUR?
Or were you scalping or something?

Bro, when you do fully technical, you are dealing with total randomness. Hence, you will experience this from time to time. Following the fundamentals also will not guarantee that you will not experience these. For example, the SNB crises recently, even hedge funds have to close down.

Don't give up. Cheers.

An edge is an exploitation of the market's nature. It could be statistical or discretionary. Curve fitting of indicators are not an edge. For example, if you take EMA 10 crosses EMA 50. And you find them not profitable then change it to 11-48 for example, that it not an edge. Market will change, because it is random technically (it is not if you know then fundamentals). The Turtles was using an edge somewhere in 1970 or 80s based on Donchian channel. That was the edge, because it gives statistical advantages. Somehow, a few years back, about a decade or something, it started not to work (on EURUSD). So:

1. If you found an edge, keep it. If you give out, once others start using it, you will lose your edge.
2. You have to stick to your strategy no matter what. But if you notice that it gives you unusual losses, you probably have to check your edge again.
3. The only free lunch in Wall Street is diversification. Try diversification and you will understand.
4. Nothing could motivate you better than your will or desire to be successful and make money.

Because trading is hassle free. And you can make money anytime you want (provided that you have a good system).
More free time, if you are a swing trader like myself. You can do whatever you want and spend little time trading.

Thanks for reminding, almost missed that.

Speculating red. But usually I will exit my position before NFP. Was hit a few times.

Hopefully next week no more gaps.

Are you holding any positions?

Gold is moving south, as for now.

Hopefully this Forex thing will not end up like 'Bernie Madoff' ponzi scheme.

Anyone has a link to his FB or instagram?

Firstly, it is very unlikely the Government will issue the licence for money management. Some brokers don't require a licence. Maybe they require some legal letters/agreements, I am not sure.

Your result is very impressive. Around 40% a month, with 1000 USD, will turn into:
1st year: 56,693 USD
2nd year: 3,214,199 USD
3rd year: 182,225,556 USD
4th year: 10,331,079,714 USD

You will be a billionaire in four years (assuming that you are risking the same amount of risk).

You don't actually need anyone's money, your money is enough. But in case you really want to set MAM/PAMM, do let me know once you have set up, I might want to invest some amount.

You guys trading retracements/pullbacks?

Anyone trading breakouts?

A few years back I was playing around with EAs. I found that Ichimoku is the best performing indicator compared to other conventional indicators.
However, I do not currently use it myself.

Gold looks like losing its momentum being bearish.

If I am not mistaken, Jack Schwager was the one who said there are millions of ways to make money from the financial markets.

So, you can focus on one or you can diversify your strategy if you can automate them. Personally for me I only use 2 strategies. However, if you are scalping, 2 strategies would be bad, one is good.

12% per month or per year?
If per month, you will be rich in no time. You don't actually have to work anymore (provided that you have the capital).