TheRumpledOne
6,407 posts
msg #45728
- Ignore TheRumpledOne |
7/12/2006 1:18:01 PM
I trade forex with www.efxgroup.com
Tell them Avery sent you!
They have real time level II and you only pay a commission... no artificial spread.
What that means is, if you scalp the euro for 3 pips, you make 1.7 pips and pay 1.3 pips in commission. All the other platforms charge you a 3 pip spread. So while they are breaking even at 3 pips, I am making 1.7% on my money.
I can scalp the euro for 3 pips or more every hour.
Once you get the hang of it, you'll wonder why you ever traded stocks in the first place!
Stocks - Billion dollar market. 4 - 1 margin.
FOREX - Trillion dollar market. 100 - 1 margin.
NO CONTEST!
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Railwhore
69 posts
msg #45743
- Ignore Railwhore |
7/12/2006 10:37:01 PM
STOPS ARE FOR SISSIES!
I don't trade with stops.
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lol, how did I know you would say that.
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gruender
101 posts
msg #45746
- Ignore gruender |
7/13/2006 12:54:33 AM
Avery, I have never traded forex, but I do alot of trading in stocks and emini's and some option trading. Could you please tell me if currencies are a good trending instrument? I thought that I have read somewhere that there are profitable trends in the curriencies if you know now to identify and follow a trend. Is this correct in your opinion? Any special indicators that you recommend for currency trading?
Thanks, Joe
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itrademan
70 posts
msg #45775
- Ignore itrademan |
7/13/2006 1:17:21 PM
I am new to Forex and might not trade actively yet.
I did go to www.efxgroup.com but it seems they a charging $5 up to $100,000
I could not find anything that says "1.3 pips"? Is the "1.3 pips" commission for active traders only?
I am still comfortable with indicators and www.efxgroup.com only provides a few.
Are there any other Forex suggestions including pros and cons?
How about oanda.com ( I heard they provide the tightest spreads) and FXS Forex (DealBookŪ FX 2 software includes indicators and programming to create our own indicators but the pips might be large and they ask to trade at least on trade in 2 months)?
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