Search results

sccz97, just give us a lil taste of those profits.

All the outhouse to penthouse FX spot traders, stand up and be heard :)

and what's successful?

ya think turning 5K into a million or half a million or even 100K is a likely scenario? Honestly, what do you think the odds are, what percentage of novice traders will be able to survive? Just curious.

Put it this way, I think 70 to 80% of futures accounts are losers, I bet the spot FX accounts have a higher losing rate. Of course, there is the exception, but I doubt they hang onto that money long.

yeah there is, you will never, repeat never, be succesful starting out with 5K.

Oh ok, sorry. Lots of hacks trading 5K accounts on Oanda are making a great living. I'm sure they are just knocking it out of the park. That is one assumption I can make confidently.

hardly, but they aren't doing it through a bucket shop, they are professionals, trading interbank.

If you insist on trading cash FX thru bucketshops, you deserve to be raped, hit on the head with a shovel and left in a shallow grave. Bucket shops like Oanda exist for retail customers who are net losers in the game of speculation. If you want to trade FX, trade a regulated free market like...

did ya :cool:

PPI & CPI for May = Benign = You're guessing

The Chicago Mercantile Exchange. I mean, I know all the big traders use the crummy little FX bucket shops and not the CME, but give it a try. :D

trading the Fed funds futures is a pure, direct bet on where the Fed will be after they meet next, especially the July contract as there is no meeting in July and the June meeting is at the end of the month of June.

Put it this way, on the weak payroll print, July Fed funds jumped from 94.83 (5.17% or 68% odds of a hike) to 94.900 (5.10 or 40% chance for a hike. After Bernanke's hawkish comments yesterday and Poole's this morning, the contract has fallen from 94.900 (approximatley) to 94.790 (5.21% or 80%+...

ok, 100 is the index price, so take the futures price and subtract, in this case, the contract is reflecting a 5.20% rate. 100 - 94.80. At 94.80, the contract is reflecting a 5.20% average funds rate for the month after the June meeting. The current rate is 5.00%. So the futures contract is...

try this link: http://www.cbot.com/cbot/pub/page/0,3181,1178,00.html

Sorry, price like this. 100 - 94.800 = 20 bp. Pricing a 5.20% funds rate from current 5.00%, in other words, 80% of the way towards fully pricing a 25 bp hike.

you would buy July Fed funds which at 94.795 are reflecting about an 80% chance that the Fed tightens at the June meeting. If they do not, the contract should rally approximately 20 ticks. Symbol on IB is ZQ. Good luck.

stock index futures?

Yes, but only if you trade cash FX through all the bucket shops.