Search results

I promise to be well behaved in reply to one "valid reason" stated in less than 25 words. I may even be persuaded. P.S. Thanks for not pointing out the fallacy of my example. Buying or renting the barrel is a transaction cost.

I figured at least one ET pro would have aced my question by now, but alas, no. Answer is #2. A fx retail account holder is flat in both scenarios, i.e., he is indifferent financially to price action in the current in question. In the first instance he pays to be indifferent (transaction...

Agree especially with this part: If your interest hangs on any of the above -- biggest, free, round the clock, no barrier to access -- you are beat already, in my view, because none of those factors appeals to a serious, experienced investor or trader.

I'm short the front month YEN future. Sold a couple this session either side of 8400. Looking to sell up two more overnight or day tomorrow. Working on a price for those entries. My YEN trades are usually poor -- the poorest of any currency I trade -- so I don't begrudge faders. I'm...

Without really meaning to, I may have stumbled onto an intriguing question, with an assist from Virgin. It’s this: Which produces better effects on or for the retail forex trader, 1) Going long and going short in the same currency, at the same time no less, by masterfully utilizing for...

I can't say. I've never done it. I've also not gone over Niagra Falls in a barrel. Probably some pyschological effects in that.

Yes, it is a head scratcher. Maybe it's like this coin toss: "Heads, I win, Tails, I win."

I might be slightly guilty of hyperbole and sarcasm, but not by much. We punish the middle for not being the top. It's an operating principle more credible and acceptable today in business, politics, and culture than every before. You may not like it, and I may not like it, but it's...

I'm not laughing at or about Cramer. I appreciate the fella and I'd flat out love him if he would do for the DOW what, say, Howard Stern did for Sirius -- create mucho sheep meat. Call me a dreamer, but Cramer's a spieler with it in him. A herd of moonbeam/pixy-dust buyers in Cramer-touted...

Lighten up and don't worry. My dream scenario almost certainly won't come to pass. Why? The IF ("Idiocy Factor") hit its all-time high in 2000, a tremendous peak that is unlikely (sadly) to be repeated anytime soon (i.e., not in 2008). Just compare the touts of Cramer, Blodget & Co. that year...

Personally, I wish Cramer would become the most influential stock commentator in America. For icing, I'd like to see Blodgett, Grubman, et al, resurrect and regain their influence. ET members should recognize their own self interest in my wish. The dumber the money in the market, the better...

I've just about thrown in the towel altogether after my own recent "instant riches, instant losses" experience in Aussie. Not that I was throwing darts, either. I had the trade bagged, cold, i.e., exactly for the reasons which drove the price my way, and still I couldn't profit. If I ain't...

"Professional Forex Traders" and "bucket shops suckering in so many people" really don't go together -- excepting any instance of pros smart enough to start their own bucketshop to cater to the suckers. What an edge that'd be.

Another nice pop in Aussie over yen based on BoJ announcement, as projected last week.

To the thread starter: You should at least check the ET broker ratings on firms recommended to you by individual posters. You'll find over 180 ratings of Interactive Brokers and seven ratings of Saxo. That's a suggestion for a start only. You can also look up forex retailers on CFTC web...

AUD/yen cash finishes the week about 150 pips higher than just before the Aussie employment report. That is approximate. I'm not in the position, but I am looking at taking a piece of it next week, ahead of BoJ announcement, via futures: long AUS/usd, short YEN/usd, with YEN overweight 5 to 4.

Not looking for a bruising contest here, but how is it that a customer of a fx retailer, who at the most and very best is in thrall to a single seller and single buyer at any and every moment -- take that single buyer's/seller's price or trade not at all, in other words -- enjoys more liquidity...

Nothing made up, just my own experience, applied to the OP's question & problem. He said he traded 6.5 standard lots of Aussie on Oanda with problems. Let him compare that to a trade of similar magnitude on Globex. He'll have his answer, which is exactly the same as mine. I don't know...

Another advantage: significantly cheaper.

AUD/yen may regain and improve on 94.00 off tonight's Aussie employment news. That is indicated by the first trading off the news. Should go even higher next week. I for one don't forsee BoJ hike.