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Position trade Short Aud/Nzd at 1.2324 no s/l Will add second lot at 1.2400 even

Closed both lots at 1.2250 just now for +12 pips. Not happy with price action, rejection of 1.2300/20 was not convincing.

Sold second lot at 1.2300 Average short now at 1.2262, s/l for both positions at 1.2400

Position trade Short Aud/Nzd at 1.2224 no s/l Will add second lot at 1.2300 even

In the past I used several brokers (FXCM, GCI, Oanda) Right now I use Oanda for daytrading account and Man Financial Canada for position trading.

I want to create this journal for my own record. Any suggestions by fellow traders are welcome. I have traded spot forex and currency futures for the last 4 years. I don't want to talk about any specific % or $ figures, let's just say I did well. I was subscribed to several paid signals...

WB is an investor, not a trader.

I agree with MrFrank, there is no reason wire transfer not to be executed the same day, and the cheque cut the same day. How long does it take to reach your bank is another issue. I've dealt with 7 brokers so far and some of them were very efficient when it comes to withdrawals (always "the...

3-5 days :confused: :confused: :confused: I made a withdrawal from my GCI account the other day and it was on my paypal account within 3 hours :)

Kastro, Yes there was a deal signed by Refcofx and FXCM. FXCM wanted to by back 30% of refco's stake in fxcm and to absorb 17.000 accounts with client's balances intact. The judge even aproved the auction date. FXCM won auction as only bidder. After that, the creditors (Bank of America...

Also, I was expecting more support from our fellow traders from all over the world and especially here in the States. Insted, poor Refcofx clients were spammed by other brokers (vultures) to switch with them, although there was nothing to switch, the money was frozen from October. I know that...

17.000 Refcofx retail clients are more and more active these days in an attempt to get their deposits back. They are contacting news outlets, TV programs , members of the congress..... Turns out this is not a Refco issue any more, it's rather Refco USA issue. Refco clients in some other...

Wow RealForextrader, that was really something. Riskarb has finally met his match, I mean somebody who actually understands what he does and even able to correct him. This is going to be interesting. I have no idea what you guys are talking about but I like it very much :D :D :D :D

Correction: Retail Fx in America is a scam. Refco Canada is just fine thank you very much, and nobody lost money here, also Refco India also fine... Refco Congo, Burundi..... all fine, but only in America retail fx clients get robbed and their money will be handed over to Bank of America, Wells...

Thank you for your response Michael, Do you know if this insurance is hard to obtain? Or is it expensive? By the way, does anybody know of any forex broker in the USA that offers 1:400 leverage and is FDIC insured.

Yes, there are many good things to be said about Oanda, I use them as well (one of my accounts). Unfortunately, I have relatively little money with them as compared to my other two brokers (both Canadian). If Oanda had CIPF insurance in Canada (as IB does) I would deposit ALL my money with Oanda...

So few people in Forex? I thought there would be more.

I hear you... For this reason I have several platforms. Oanda and FXCM are open first (actually Oanda is open all the time) but since Oanda widens the spreads over weekend and until approx. 6pm Sunday it's practically useless for trading until that time. As far as I know only FXCM platform is...

Hi Kastro, I will try to answer your question. First of all let me say that I have accounts with both Oanda and FXCM. It's hard to say this one is better and disqualify the other, but both platforms offer some unique qualities. In favour of FXCM: - Always the same spreads (not so with...

It all depends on time frame. When I take a long term trade I only add to a losing position, for daytrading it doesn't matter you just need firm stop in place. And of course, when you take mid to long term trade you have to be very carefull about your entry point. For example, buying euro at...