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Thaks. One more question: do you need to satisfy the 10k minimum cash balance for each currency to get interest on it, or just once (all currencies combined)? There has been so much confusion about this on this board and I can't seem to get a straight answer out of IB.

So let's take last week as an example. On Monday you did nothing - price didn't hit neither Friday's high, nor low. Tuesday you sold at 1.4883 - couldn't sell it at 1.4783. What do you do? Hold, get out, wait for stopping out? Wednesday you buy at 1.4808, even though you have a short position...

Out of curiosity, what was your entry signal? And how do you managed this position - it hit 2.0523 rebounced to 2.0640. If you entered around your post, cable was around 2.06 - 2.0575, so you were in +, now you're sitting in -. If you decided to hold do you think the USD has a chance here?

Actually, as far as I can tell from the IB demo you can only buy & sell USD in the USD/CAD pair. So IB wouldn't let you buy the CAD against the USD. Can anyone confirm this? This is still not a major problem since you can sell 24,969.72 USD to exit the trade above. I think there is a minimum...

Price stability as in keeping inflation down. This might have also included maintaining reasonable foreign exchange levels. Selling non-productive assets such as gold freed up a lot of cash that as foreign exchange reserves could be and were used to protect European currencies against...

The Fed is 1 CB not all. Why would European CBs want to control the dollar? Its the Fed's job (supposedly). Gold is not out of control. The Fed is.

Oh, I almost forgot: in euros (XEU in earlier times) gold in the past 7 years went up at an average 15% per annum as opposed to 40% measured in USD. I mean if you had USD in 2000 you would definitely be better off today investing in the European currency than in gold. What did CBs do in Europe...

Yet another sensational news article. But its full of holes: CBs don't 'trade', CBs sold gold while it was going UP (except the British), (European) CBs are interested in price stability not trading gains, the Dutch didn't bring that much gold into Europe and even the Spanish did it half a...

OK, you're stuck in your car in a traffic jam. Suddenly you spot an 18-wheeler coming straight at you full speed in the oncoming traffic. You a/ stay in your car, 'cause its insured b/ stay in your car, 'cause the driver must surely know what he's doing, and he surely has no intention of...

Yes, the daily contains more information, but if you're short term trader (scalping) then the daily is irrelevant for you. Who cares what people thought / will think when you're out of the market? But I can agree with you that the shorter the time frame the more the noise, (thus the potential to...

Don't you try to wiggle out of this Freudian slip now! Admit it: you're a dollar bull who's trying to convince everyone here to take the opposite side of your trade... :p

140? That would be one heck of a rally for the dollar... But obviously CBs are not out there to make money (ex Fed) they are there to maintain price stability (again, ex Fed).

Do you fathom what it would take for the ECB to make a concerted effort along the Fed to save the dollar? Much more than a 10% retracement in the stock markets, and then only if there's enough motive for everyone. In 2000 everybody wanted a stronger euro. Today nobody wants to eat the Fed's...

15 yrs ago the foreign currency market wasn't a 3+ TRILLION USD market /day. How much money the Fed would have to print to tilt the market just a little bit in his favor? And for how long? And at what cost?

You're kidding, right? Ask yourself what will happen if the price in Jan09 will be above 78/between 78 and 50/below 50. What are you risking? For what? So, isn't the answer obvious? Shouldn't you be focusing on the next winning trade instead? (Hint: never work around a losing position. Only luck...

Just guessing here - set up a company in Denmark? But I strongly advise against Saxo. They're one of the worst bucket shops in Europe. And they are not a bank.

Guess what, it'll work. And Ben can only blame himself for caving in at the first time. Or can blame Greenspan for starting the printing presses. Either way he's in no position to call a bluff.

qaj: OK, but then they would say don't trade a stock with a big spread, wouldn't they? to the OP: shouldn't you ask them this too? And by the by: don't trade with a bucket shop that would trade against you.

'Fixed stops - variable, based on something like ATR' Can somebody please enlighten me how a fixed stop can be variable?

IB is the best for tight spreads (eurusd 1 pip: anyone is welcome to beat it) + small commish Oanda is second best (eurusd 1.2 pip no commish) both reliable, IB more so itrader911: IB has been around since 1977, no lawsuits a'la FXCM sofar... It's been in forex since 2005 only, but it...