Ok AD, you asked for it. What are your thoughts on forex? I've been looking pretty hard into it and like what I see so far. I've watched it trade a little and have a practice account set up with Oanda (thanks to the ibox) to try some trading with it. (Can't wait for the market to open tomorrow.)
I would love to hear some opinions on the subject from anyone that has insight on it. I am well aware of money management such as getting into trouble with leverage and so forth but, I really don't see that being much of a problem since I have pretty good brains when it come to losing too much money. Plus, the leverage can't be any worse than trading stinky pinkys lol and I'm not going to do that crap anymore.
A more specific question to anyone that knows, is rollover for longer trades somewhat figured into the prices of currency pairs already? Does it act like news where the price usually already has it figured in?
Rollover still seems somewhat confusing to me. It also might not make much of a difference unless you are trading very large contracts.???
I really like the trading hours since it would fit my situation way better that the stock market at this point for shorter term trades.
I like that there are no commissions other than the spreads (which you have in the stock market anyway + commissions).
I also like the instant settlement of funds so I could keep trading right away with a smaller account and not be bound to 3 business days for settlement.
Another thing is no pattern day trading rules.
The list keeps growing of things I like the more I study this market.
If anyone has any thoughts, experience, or warnings I would really appreciate them.
AI
