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exactly that is the problem..... Here is some free advice for him Trading is about money management, learn this and you may survive.....

Everybody who wants to trade should read that book 3 times before they are allowed to trade anything...

I use reuters, but only as a news service...... I am getting near FX retirement soon....Looking at doing something elso for next 25 years

Ya 2 different Financial Institutions.

sounds like a plan of some kind, I think our friend has disappeared but i am sure he will end up on some other board, where someone will screw him out of his money......

I can tell..... Hey why should I stop you from having fun, so go for it....

R U bored tonight

Some of us deal in reality. Here is a thought UBS has a 700 people in FX of which 350 are in some form of IT. With all there people and systems. They made less than 5% from their FX recommendations last year....I think it was close to 2%. Do you get the point yet.

Its the guy who started the thread

I am getting disgusted at what is happening to the fx market, everybody and there uncle is opening accounts in fx and expects to get their share of 1.9 trillion daily volume. It is a big f ing scam. It takes months and maybe years of loses to make it in this market....

Before this goes any further You can not gain 2 points safely every day. There is risk in any trade...... There is no free lunch.... Take it from someone who has traded fx for 20 years.....

Crap I got it wrong, thats why I am not making money in fx....lol

Everyday at 8am buy euros, because it always goes up 2 points everyday at 8am. Read Trading in the Zone by douglas before you put 1 penny in a real account.....Please

I see what you are saying, but I have to look at what currency i will eventually take out of this account. That is CAD, I really do not want much USD in this account because I think USD/CAD is going to par. So I do not want to switch the actually money in the account to USD and then get...

Why would I have a position, when I close the account I want C$ since I live in Cad. The only thing is would they need margin in US$ for every trade..... The other thing is I have accumulated profits in US$$

Do i not have to convert my cad to usd then....

I was very impressed this week, euro was at 1 pont most of the week. GbP/usd 1 to 3 points most of the time. $/cad 2 to 3 points.

I like the poker idea

I understand what`s happening, i do not think it makes alot of sence. Why would you need double margin for a gbp/usd position on a Cad account, when you would not need it for USD account. It is not double the risk for IB, it actually is a less volitile pair than gbp/cad. I think your...

I hate calling them, but I have a feeling I know what it is. My account is in canadian $, a gbp/usd position in the minds of IB creats 2 position I quess. A gbp/cad and USD/cad, that is the only thing I can think of.