Regarding to who to use.

I am using Pepperstone.com
This is a company based in Australia but have trading servers in New York, USA.

It is not only trading commission that you have to consider but also the speed that your keyboard actions react on the server. You can loses money on this and Pepperstone seem to be good compared to others I have read.

In FX it is my observation that you can only make the real money in period of high volatility. So your strategy has to work well in these periods. The market is super efficient otherwise & the returns likely low. Let the trend be your friend & always have a stop/loss & all that other muckety muck. But you are braver than me ... I only ever did it with OPM <other people's money>.


Interesting to follow though!

I thought I would update you on my FX Trading experience.

Here is a history of the account:
https://www.fxjunction.com/profile/t...oulive/B/stats

I thought I had a strategy but it did not work.
I was prepared to lose the capital which you have to be in FX Trading.
The capital was then traded (actually gambled) with Euro against Dollar.

I came out in profit.
I put this down to purely speculation/gambling.
I also learned from this experience that this "speculative trading" is creating volatile artificial markets that can effect the real businesses that need to exchange money, buy commodities and invest in companies.

That is the reason I stopped.

My conclusion is:
1) Unless you are an insider and can manipulate the markets which is for sure done by the big traders it is impossible to make a guaranteed profit.

2) FX, Commodity and Share Trading is immoral. The purpose was to protect real trading businesses with slaes and purchase prices and should not be used by speculators to make money.

Cashboy,
Going through your trading journal it is immediately clear that you indeed gambled. A return of 139 pips does not equate 63.11% for any real trader. Even 0.06% is pushing it for 139 pips.
Since what you experienced is indeed no more than a trip to Vegas, your set of conclusions is flawed.
The real speculation business is not only moral, it is also essential to maintain the lives of everyone. These real trading businesses, let's say the farmer who keeps a field of corn, are dependent upon the professional speculator for offsetting their risk. Without someone to offset their risk to, they could not grow their crops.
The non-professionals, or gamblers, are simply a source of income for the pros, nothing more. That account you showed would have been blown up in a matter of weeks, and the entire sum transferred to the hand of one more capable of taking risk on a consistent basis.
If you would like to quit learning and trying, then these set of conclusions will give your mind the peace it needs to continue on doing something else, which is great.
If, in the other hand, you do want to actually learn how to trade, and willing to put the 10+ years it requires to mature in this area, one book you can start with for understanding exactly the role of risk takers in history is "Against the Gods: the remarkable story of risk" by Bernstein.
All the best,
Yaniv