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Many thanks for your reply. I do not disagree with what you are saying but I would like to automate the process, if possible, rather than take the several seconds it takes to react manually. I already have Bloomberg, Reuters, Dow Jones, MNI etc etc.

Not sure why that is relevant but the first ten I traded for a bank, the last ten full time for my own account.

I have traded "news" for over 20 years, just the way I trade it changes. It wasn't that long ago you could trade the biggest number of the day, the US trade numbers, reasonably well by calling up a bank/broker after the announcement and getting a price. For the past 6 years or so I have...

I accept what you are saying but I already trade rate decisions automatically and have solved that issue.

Thanks for all the replies so far. It is macro news headlines I am mainly concerned with. Obviously coding economic data is straightforward but it is taking headlines from the likes of Reuters/Bloomberg/Dow/mni that is the point here. For example I could quite easily have an algo that...

If anyone has experience in this area either from a trading or a development perspective then I would like to discuss various issues and please feel free to PM me or more details.

Hollande has just said the financial transaction tax has been dropped from the G20 communique.

I have used London Capital for years and would recommend them. I do think currenex as a platform isn't as good as it was but LCG do offer alternatives.

I would not have a clue if this person actually makes money but of course it is possible, and many people who do trade for a living on their own account would do similar. The compounding argumemt is just daft and shows a complete lack of understanding by anyone who posts it. Buffett's...

What utter rubbish. You may be just a troll who knows but enough people spout this crap.

Feck me there are some ignorant, racist people on this site.

I trade fx full time. Worked for a bank trading for 12 years and have traded own account for past 7/8 years.

Segregation means your funds should be segregated from the companies own funds and can't be used to pay their own creditors. However they are extremely unlikely to be segregated form other clients funds. So say they only had 2 clients, each with £100k. If one blew up owing say £100k then...

That isnt true - EBS is just like any other platform. If you are not a bank than you access it via your prime broker, who is. They will grant you a trading limit, and this will be based on either the margin you put up or what credit limit they have been prepared to grant you.

I am sorry but that is simply wrong.

The futures industry have tried so many times to break into fx and have failed every single time. Why would a bank put up margin to trade when they can deal spot with no margin for a start? Not exactly effective use of capital. As for calulating forward points -please - the only thing you...

Lol! None of the Septics will have a clue about the tune either!

I can't stand FXCM and would urge anyone not to use them. However in terms of counterparty risk I should imagine they are an awful lot better than many firms.

Maybe the States is much cheaper than the UK, I don't know. But how does $140k pay the mortgage and put your kids through college. Hell over the water I thought you even paid for your health care even if you were poor!

It is a fair point and very well made. Let us be grateful the Septics don't drink and trade. Look at the results when they are sober.......