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    N. Korea nuclear test and the FX market

    I am aware of the test, of course. I don't think it to be a surprise at all. It was in fact announced by the north-coreans themselves last week. And longer term is not a surprise either as it's been years since we all know that north-coreans have the capability of building multiple nuclear...
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    Broker with best spread...

    If you are looking for a market maker and you are also looking for lowest spreads, then the answer can be only Oanda. It has variable position size, fractional pips, continuous interest payment, fast execution, reasonable slippage. Perhaps most imporant, it is probable the largest non-bank forex...
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    Need some Maths help in FX trading

    if you have a pair MainCCY/MoneyCCY: to get 1unit of MoneyCCY per pip, you need spot * 10000 units of MoneyCCY. to get 1unit of MainCCY per pip, you need spot * 10000 units of MainCCY This in case the number of significant digits of the pair is 4. For USDJPY you have to multiply the...
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    Dukascopy

    As was expected, Dukascopy.NET (the retail division) ended all their trading activity, and send me an email warning to close any open positions. They gave about one month to do so. I had two options - to liquidate the account and have my funds sent back, or to move my account to Dukascopy.com...
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    Would you take 180-1 that FOMC will cut rates by 0.50?

    I guess in such cases with very small edge, the spreads and/or commissions will eat all your profits.
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    Would you take 180-1 that FOMC will cut rates by 0.50?

    I'll give 100000-1 if FOMC cuts rates by 0.50. It's a complete imposiblity. I'll give 1000-1 for a raise by 0.5
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    Would you be wiped out if the Markets are closed for Months, due to bird flu or somet

    I don't think it's overblown. It only appears to be, because the pandemic has not started yet. The disease cannot be transmitted from human to human. In very rare occasions it can be transmitted from bird to human. This is not the problem. The problem is that the virus may suffer mutations, and...
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    US Dollar Collapse?

    The US Dollar may collapse (or may not :-) ), but this does not mean by any chance that the forex market will collapse. Since USD collapsing simply means the other currencies strenghtening against it. The volume traded and volatility will not collapse, on the contrary, a weak dollar would mean...
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    Eur/USD

    but we really need a bit of retracement before more strength
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    Any possibility of centralized spot forex?

    I guess they gain from trading with the retail clients at prices that are better for the bank than interbank prices. If interbank opens for retail, clients will go to the market and get the best prices rather than going to a single bank (or group of banks that post prices on a retail platform...
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    Any possibility of centralized spot forex?

    Spot is traded electronic interbank. EBS is the largest electronic market for spot, Reuters the second (as far as I know). In the wholesale zone (some say this is in fact retail) there are Currenex, Hotspotfxi, Lava, FXAll. All these are the equivalent of ECN's, they are in fact exchanges...
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    Trader Myers-Briggs Personality Type

    INTP definitely here. I took the tests two years ago, but I quite sure I'm still INTP now. Software engineer.
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    Dukascopy

    I traded with them for a while with a mini account (you could open these at dukascopy.net). They seemed OK. Customer service was good (as opposed to horrible stories about weeks of waiting for a reply to an email). The problem is that I havent traded in the last 5 month. And now, I was...
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    Could you survive a 13 hour trading day?

    I think it is the most natural, the most normal thing that can happen to the markets. In fact there are no economical reasons why markets are not entirely electronic and 24 h already. The reasons are probably the traditionalism and inertia of a lot of people who were born, raised and have traded...
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