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I am sorry but there are so many errors in that report that I would not know where to begin.

It was the quantitive easing statement that caused the move.

I think if this happens, then it will be a global G8 or 20 plan to stop what you suggest. After all all politicans want to blame 'evil' speculators for their problems. (look at their impact on the CDO market, the oil price, shorting bank stocks etc etc..........) You only have to look at...

Fair enough although this was my 'review' at the time.

I read that book following comments on here. It should have been obvious to anyone who has traded for a while that neither the author or many of the subjects understood trading.

Of course forexsaviour is right that you are advised to trade with ther better capitalised firms. He has provided some very good advice on this thread. However that should not be the only criteria, This is a very damning judgement for anyone who trades with FXCM...

FXCM used to be so good when they guaranteed all stops and the euro dollar used to gap 150 pips on the non farms. There again the other brokers would let you leave orders, slip you 10 pips but if it was a false break then you could cancel the order after due a fill as they were so busy it...

Don't know about Oanda but there is a lack of liquidity everwhere. Look at $ yen after the expiry yesterday afternoon. Fewer banks trading, black box hedge funds wiped out, credit lines slashed and general nervousness means less participants making prices. But it is all cycles, we've been...

It is perfectly logical in theory but not practice. Any broker offering the interest free accounts will not allow people to use the facility just so that they can borrow a high yielding currency at 0%. If you like it is like buying a $100 note for $5. If you find a broker who does allow...

But there is absolutely no evidence that he has any ability to manage money in a profitable manner. Yet there is plenty of evidence that he has no or very little ability! And yet you would allow him to manage money, albeit supervised. Why? On what basis?

No wonder these scams work, people are so gullible. It sounds like you think he was just unlucky, no doubt a victim of the 'credit crunch'!. Forget the fact he probably hasnt made a dime for investors for years you would still like the opportunity for him to manage your money! Aren't...

I must disagree. Following recommendations on here I read this book recently and it was awful. Most of the traders interviewed semed to be pretty cluless, pretty new to the business and most seemed to make less profit than could justify a full time career trading. Furthermore I do not...

To be fair though you have admitted you do not trade for a living. It is fine that you sell a signal service but your trading profit, if we take your statements at face value, would barely cover the cost of one bloomberg terminal.

Have trade fx for 20 years full time. First 13 years for banks, since 2002 for my own account.

Not trying to get into a pissing contest but I have EBS.

This is wrong on both counts. Also EBS fine on euro dollar and dollar yen but awful for cable.

Mike Bailey? As to the original question. I don't think it is worth you planning for the future at the moment as the world is changing daily. 6 months ago 100m was nothing, now liquiidty has dissapeared. At the right time you could get 100m done easily, at others it would be virtually...

I am not talking about Oanda or MBT in particular but amazed how tight spreads were yesterday. I've been trading 20 years and that was the maddest day, more volatile then even when sterling devalued in 1992. Amazed any platform with any broker had prices quoted, I would not want to.

The fall in cable today was the largest intra day fall in 37 years.

I actually think Lava is the best of the lot spread wise - but it isnt single click when hitting the price so I don't use it all that often. EBS fine on $/euro and $/yen, rubbish on rest. Hotspot spread and liquidity has been terrible recently. What I have noticed is so few people seem...