Recent content by jefx68

I wasn't advising it, some brokers don't even allow it and there are too many variable to just say to hedge it. Hedging just helps reduce your risk exposure i guess. Example .. if i am long EUR/CHF from the 1.20 floor peg, but i am worried that the peg wont hold and the SNB not following...

Your equity would remain the same (- the spread). Just make sure you are using a broker that offers hedging or a US broker that offers netting capabilities. Example, you cannot hedge or get netting at FXCM US, but you can at FXDD US.

Here's a link with info on how to set up an IRA Forex account. Forex IRA Accounts | Get an edge with BBFX

If you are worried about the market gaping on the Sunday open, you could go flat (go long and short so you are hedged) into Friday. This way you would be locking in any profits on Friday.

zero hedge will usually stream any live fed meetings and they have some good articles as wel, heres a lnk ZeroHedge | On a long enough timeline the survival rate for everyone drops to zero

I've noticed that opening two accounts with two different brokers has helped me. As trends change, i have to change my strategy. Each strategy tends to work different depending on the broker.

If you have a strategy or at least trying to improve your trading i wouldn't consider it gambling. if you sit there and let your emotions get in the way and are continuously losing funds, then it turns into a dice game.