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You made money in bars? I guess they are not that stringent on various physically freelance occupations over there. :D

No. IB charges .2 basis points (0.00002) commission for each trade. The 2.5 is a minimum and not a plus. Thus, if you trade above 125k lots than you can just add 0.4 pip to the spread.

Do you have a source?

Did we find out in 5 minutes? (What was in 5 minutes anyways?)

Wasn't 1929 the year of crisis?

You're presuming that rates can go only to 0%. Watching the Fed throwing money at Wall Street like they have the past few months, I'd say they will introduce a "Wall Street big bank borrowing facility" or WS-BBB-FU at -10%, just to keep the liquidity. Retailers will of course be paying the...

Well, you're on the right track. You know, converting your savings from USD to GBP... :D

DISCLAIMER: I AM NOT A TAX LAWYER, AN AMERICAN CITIZEN, OR SOMEONE WITH ANY LEVEL OF SYMPATHY TOWARDS THE 'AMERICAN SYSTEM'. I DO NOT LIVE, WORK, FUCK, OR ANYTHING IN THE U.S., I HAVE ABSOLUTELY NO KNOWLEDGE OF WHAT AMERICAN LAWS AND EFFING TAX REGULATIONS REQUIRE YOU TO DO, NOR SHOULD I HAVE...

Hurricane & OldTrader: Of course, I've seen these links, but thanks anyways. There's nothing that would mention how the 'exchange rate' is calculated for margin purposes. Right now I'm at a point where I haven't found anything intelligible that could refute/confirm the claim of IB being a...

MandelbrotSet: I was fearing nobody knew. Simultaneously to my OP I also posted the question to IB in the form of a trouble ticket. Sofar ET has much better CS for IB than IB itself, but who's surprised? riskymove: PDT doesn't apply to me since I don't trade American equities. I have...

Ooops... http://finance.yahoo.com/q/bc?s=EURUSD=X&t=5y&l=on&z=l&q=l&c=%5EGSPC http://finance.yahoo.com/q/bc?s=EURJPY=X&t=5y&l=on&z=l&q=l&c=%5EGSPC I guess approx. half of the S&P's performance is due to the ever weakening dollar, that is weakening with the yen. So why would a hedge fund...

Hm. Well over a hundred views and nobody seems to know about this issue. Or care. Is it because: a) nobody knows b) nobody cares c) nobody understands the previous post.

Post of the year.

Soo... Can anyone explain to me how IB's margin requirements work on IDEALPRO? The reason I ask is when I click on 'Account' in TWS I see 'Available for Trading' bouncing all over the place. For example right now it quotes me a JPY/EUR exchange rate of 0.00618 the equivalent of 161.81 EUR/JPY...

No Barney today trading this... Actually currencies trending nicely for me. It should always be this smooth... :D All this in spite of the media still trying to pull little tricks to prop the markets. Ex: Bloomberg headline right now: "Philadelphia Area Manufacturing Contracts More Than...

1/ IB charges 3.5% on funds borrowed in excess 1 mio USD. The balance below it is 4% and the 1st 100,000 is 4.5%. 2/ You see the yen carries crowded, so you want to enter EUR/USD _long_?! At historic highs? All for a perceived _1.5%_ _yearly_ interest advantage? Think this through...

Now the only question that remains is whether you're capitalized enough to be right...

If you're talking about the Reuters/CME venture then its called FXMarketSpace. But am really looking forward to how this one will play out. I don't think it'll blow the current established players out of the water, but some old fashion competition for lil' old me (and my wallet) would never...

Then hush, and listen to him... :p On the comment side, if you're attributing the euro's strength to the 10 new members joining the EU, you're wrong. The 10 together give what, about 2% of the EU's GDP? A blip in the German economy has far more consequence for the euro than cataclysmic events...

Didn't you say the signal was previous day's high/low? What is the signal then? Also, now its 2000 pips? Up from 500 pips in 15 hours? What am I missing?