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Well, Webb was stupid, the others just wanted to help. But i can understand webb too. It depends on when the client decided to cancel the order and why he took it to someone else. That is a no no

trading against the trend, eh? :D lol

No really, mogul is right. This is a joke. A SAD joke. There were a number of technical indicators to short the pound if you looked at the daily chart and there were numerous fundamental indicators that would have prompted you to short it and stay short no matter what. So this kind of...

Ok, so, is there a broker worthy of any attention as per this discussion?

Chood: What was your experience with Saxo?

Ok, but back to the question. If spot fx would not exist and having the goddamn PDT rule, what would there be left. What kind of futures are the most profitable and tradeable. And Fred.... Are you using a retail fx broker? I have been using SaxoBank (and you can't say that is a...

Ok. Thank you all for replying, now.... the question that ends the thread would be: IN THE EVENT THAT SPOT FX WOULD BECOME UNFEASIBLE WHAT SHOULD SPOT FX TRADERS DO? Thanks again and i am waiting for your answers.

and another thing. i am a european citizen and own an IBC in the cayman islands. Does the PDT rule apply to me?

Does the PDT rule apply to spot FX or futures ?

This sounds scary... but are you sure these are real as i have never experienced anything like that with any broker and nobody i know has .... i have been hearing of these issues and scare me, but frankly do not know anyone who got fried. Are these just legends coming from the futures market?

Thanks for your response, i am not from the USA so could you explain what the PDT rule stands for? Anybody else? Any other opinions?

It may seem dumb, but it's coming from someone who saw stuff happen through the years, official agreements and all... The spot forex market seems from time to time too nice to be true. It's relatively new to us, regular people, so from time to time, at night, i ask myself... Will there ever...

I have been with Fx Solutions for some time now and i have had no trouble with them. Execution is great, stops are cool and everything and their charting package is good as it has no gaps and all. Is there anyone who had any problem with FXSol in terms of withdrawals and funding ???

That is crap! Can you afford a long term 200 pip stop ? Can you still trade when you have 3 x 200 stops triggered consecutively? If you don't understand stops are good and work effectively intraday, rather than on long terms... man..... don't know what to say really !

My azz is cozy here on the hourly and 15min chart! :D

Or at 1.2000 for what it's worth.... Not having a great respect for yearly pivot lines and technical analisys on daily and higher time frames charts, i would stay out of using indicators to predict large moves as that really is the playground for fundamental movement, don't you think? If I...

And as a bonus to illiquid's post, have better stops, compound faster! Oi Oi Oi !

How can you trade without a plan? What if everything goes wrong? Do you still have a flow? Don't you have a plan when you get into your car?... going shopping? ....or whatever? Even surfers have a plan! Believe it or not!

Whoa... Skalpz! Are you for real? :D

and look at it now. anybody for a retracement? :D BUY THE DIPS !!!!!! :D