HAHA are you sure Amish??
anyway jokes apart, you guys are about how important it is to know that our capital is protected.
And dare i say in this day and age, post Lehman vanishing in this air and Citi tradeing at under a dollar even being well capitalised might not be enough.
i looked into...
couldnt agree more with FX expert.. mini/micro accounts only if equity is sub 1000!!!. anything else and i give you five minutes in the market... i know sounds harsh but its the pragmatist in me talking.
a mini account has the added benifit of feeling real market emotions over demo trading.. i...
in forex every positin involves holding one currency againt a "loan"taken out in another.
Each currency has an assosiated interest rate.
The tarder earns interest on long positions but must pay interest on the short. as i said every forex trade involves going long one and short the other...
the thing with purely relying on fundamentals is the every day must start with reviewing data ( ok i exaggerate) but technical analysis is a quick and simple way to determine entry/exit. Backed up with a sense of direction that fundamental anamysis might give the trader is a lot more comfy...
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