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If you are interested in securities industry / financial services operations, there are quite a few books on the subject, to choose from: http://www.amazon.com/exec/obidos/tg/sim-explorer/explore-items/-/0750654848/0/101/1/book/purchase/ref=pd_sexpl/104-7371780-1587142

Steve, From your reply, would it be correct to conclude that the limit problem in IDEALPro has been fixed? That is, the displayed inside size now accurately represents actually tradeable size, per trade. If so, that would be welcome news to some of us. Would you please confirm that? Thanks.

Agree, first-hand information on forex ECNs is needed and not easy to come by. However, my sense is that it doesn't call for a whole ET forum of its own. An ongoing thread within the Forex Brokers forum would be a good start, potentially helpful to many.

That doesn't work. 40 posts per page is still the displayed limit on ET. I agree that manually editing the URL is still a useful trick to know (and not just on this website). For instance, if a poster links to another thread, with 5 posts per page, you can edit the URL from 5 to 40. I've...

Are you sure you've got the right answer? :) 1. No. Euro-FX futures (and others) on CME GLOBEX stop trading for an hour every day, 4 - 5pm CT. 2. Unlike spot forex, there should not be any discrepancies among currency futures prices from different sources. There is only one exchange...

Regarding the last two posters' suggestions to consider trading CME currency futures instead... Given the OP's stated trading size (20mio) and currency (pound), the liquidity is simply not there in futures, period. Not even remotely close, unfortunately. Even a quarter of that size would be...

Another one: www.qfile.de. Keep in mind that most of the "free", advertising-driven file sharing sites (a lot of which are based in Germany... go figure) have one major, frustrating flaw: any file you upload is deleted if 30 days have passed since anyone downloaded it. No kidding...

100:1 maintenance leverage refers to when you'd get a margin call, i.e., automatic position liquidation. See the bottom of this page, under "Margin Calls": http://fxtrade.oanda.com/fxtrade/margin_rules.shtml. It doesn't enable you to increase initial trade size beyond 50:1. Doubling your...

You haven't quite got it yet. :) First, "t" is expressed in years. With 3-4 days left till expiration, t is about 0.01. Second, futures price is higher than spot (cash) price for euro, because short-term USD interest rate happens to be greater than short-term EUR interest rate. This is...

Actually, Oanda's leverage is 50:1 (initial) and 100:1 (maintenance). IB's is 50:1, except for JPY and HKD (30:1). I always wonder about such comments, wishing for more leverage. Say, you are able to net just 20 pips a day, on average, or 400 pips a month... roughly 20% of the daily range...

That promise of unbiased, impartial dealing, by design, is the primary appeal, the siren song of Currenex, HotspotFX, COESfx, IB... Within that business model, one still needs to take a hard look at the implementation details. Devil's in the details... Here's one checklist; choose what's...

Institutional investors usually require a current 3-year track record, with the same key personnel and organizational structure. Although the $10K part doesn't sound like any institutional investor...

The reason for all those things you mention is that, for better or for worse, Oanda's candlestick, HLC bar and HLOC bar charts display the average of bid and ask, rounded to a whole pip. To see the actual high / low bid and ask, change momentarily to a min/max chart type, then back to your...

It really depends. On what? Factors such as your account size; your position sizing / money management method; the source(s) of your edge; your trading style (size, frequency, duration, TP, SL, scaling in or out); your currency pairs; and the times of day you trade. Your optimal solution, I...

Van Tharp, Trade Your Way to Financial Freedom. Despite having advanced degrees in statistics, it was this book -- when it first came out nearly 7 years ago -- that brought such essential concepts as expectancy, R (risk-reward ratio), position sizing, and others, as they apply to trading...

I have no personal experience with Saxo Bank in particular, and therefore can't comment on their fair or unfair dealing practices. However, your post reveals a serious lack of understanding of how retail forex works, and could mislead some readers. A number of your statements are factually...

Couldn't help but notice that the entry prices in your first post were stale... had not been seen for 36 hours or more, at the time of that post. If you're interested in anyone paying attention, you might want to post your trades -- both entries and exits -- in advance or contemporaneously...

Actually, the reason for that strong geographical presence is slightly less intriguing: MetaQuotes Software Corp. happens to be a Russian company. While top-notch intellectual capital and know-how for things like financial software, may be readily found in that region, tax haven?... afraid...

You may want to take a look at and select from the reading materials for the CMT Exams.

In addition to wire transfers, IB (and probably others) offers a bi-drectional ACH (Automated Clearing House), fully electronic, funds transfer to / from your bank. Works well.