No three day rule, no day trader rules, none of that crap. Your money is available immediately when you close your trade. But it is advisable to make trades much smaller than your account is capable of so that you can comfortably absorb losses or ride out bad swings.
Technically, there is no commission, but you have to buy at the ask and sell at the bid so the spread works out as the commission. Smaller spread, smaller commission.
FOREX is manipulated, but unlike the pennies, the manipulation is not designed to rob you and I. The folks who really run things here are so much bigger than we are that we are hardly an afterthought. We are like mice picking up crumbs from a banquet, but, again unlike the pennies, the crumbs are fantastically huge, far greater than all of us working together could possibly scoop up. Which works out really well at those moments when you've keyed into the mindset of the manipulator.
When I got here, I thought it would be all FA, but while it is important to watch the news schedule, TA is how most make their money on a day to day basis.
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Every time you look in your refrigerator and you've only got peanut
butter and jelly, you know, it makes you (think) like, "Dang, I
wish I would've taken that 15 million dollars."
