Originally Posted by McForex

OK I've been around various forums and chat rooms for the past year and a half as I have tried to tame the Forex beast. I have seen many great ideas and systems for various ways of trading Forex. TSD is one of my favorite forums for finding and trying different indicators and ideas. I have learned a lot but still have a lot to learn.

Live chat rooms however, are a different beast. So many are geared to just one system or are so established that they are run by a few members who keep the chat dominated. Some of these rooms aren't too friendly to new comers and can even get a bit hostile and mean if the wrong questions are asked. I wanted to find a friendly chat room where trade ideas and systems are shared; a place where you can bounce a trade off of the room and not fear an instant rebuttal with its sharp sting.

Well, I haven't found such a place. Now that doesn't mean it doesn't exist, I just haven't found it yet. Don't get me wrong, I have been in some friendly chat rooms but they were usually targeted to one particular trading style. I have also been in some not so friendly rooms where after a while I find myself just listening and not participating because I see so many traders ridiculed and even laughed at for posting a question or comment that doesn't meet the “gang’s” approval. I have even found myself typing and then erasing what I typed before I hit enter because I decided it wasn't worth the chance of getting it wrong.

Well to make a long story short (ok so it's not that short), I started MyFXChat.com. It is a Forex chat room that is geared to the trader who just wants to trade with other traders and bounce ideas off the group. There is no agenda, no particular trading style or system, no gang, just traders trading. It is free and nothing is being sold. Some are trading live some are trading demos. Some are more seasoned traders, and some are newer to Forex. So if you would like to chat about Forex and get others ideas and opinions; this just might be the place. It's not a fancy place and to be frank it is just starting so there are not a lot of traders online yet. But we have a small group that wants to make it work and is willing to give it a go.

No one will be banned for asking a dumb question or ridiculed for a trade that we don't all agree with or understand. Throw it out and see what others think. We won’t always agree with you but we won't treat you like an idiot either. In fact the only way you will get booted from this room is for being rude or mean to other traders in the room.

Trading involves a lot of waiting around so if you would like to live chat during those times, give us a try. Let us know what you are thinking and we'll let you know what we are thinking. Together we just might make some smarter trades and have some fun at the same time.

Happy Trading!