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I would advise not to hold over the weekend. Generally advise not to hold overnight either unless necessary. Too many variables can affect Sun open i.e. back in Nov AUS legged down on open Sunday night. If you're long, you got hit. It's better to close position Friday, take your profit or loss...

Effective Fed Funds rate has also dropped a corresponding amt from 5.22 on 9/4/07 to 2.85 on 2/26/08. Coincidence? You can check Fed Data here: http://www.newyorkfed.org/markets/omo/dmm/fedfundsdata.cfm

:D

Quick question: Were you transferring funds from IB USA to a US bank (Citi)? If so, why are you using a Swift code? Swift codes are for funds transfers between US and non US banks, ABA codes are for US institution to US institution xfers.

take a look at Aussie or Kiwi vs. USD. They both tend to track the US equities markets since they are commodity producing/exporting nations. I have found since late last year that right now they tend to be the best pairs to trade if you are trading the strength of the S&P or Dow.

Cost examples for EUR/USD IB - pip spread from .5 - 2.0, mostly .5 - 1. Commission is $20/1MM USD discounts for more volume Dukascopy - pip from .5 - 2. Commission 18/1MM USD discounts for more volume InterbankFX pip 2-3 pips, no commission charged Saxo - pip spread 2-3 pips no...

Again, Swing was making comment about a PB, not b/d.

Swing is talking about prime. B/D doesn't apply for forex.

MNF has(had) nothing to do with CNBC.

Worthless? Not those you can't stand, but worthless! Well that's easy: 1.) Dennis Neale - ever since CNBC lost it's grasp on the WSJ talent they have had to scrape what's left of the business reporter pool, and the best they could come up with was the media reporter from Forbes. Might...

On an ECN model broker, the prices an the screen "usually" reflect the best bid/ask prices of their respective liquidity partners. I say usually because there are some brokers using Currenex ECN platform that pad the spread by a pip and don't charge a commission, i.e. FXCM's platform. So for the...

According to Don Bright, who does clear thru Goldman, he gets 6.67x leverage day/night. http://www.elitetrader.com/vb/showthread.php?s=&postid=1704757&highlight=6.67#post1704757 http://www.elitetrader.com/vb/showthread.php?s=&postid=1629683&highlight=6.67#post1629683 With portfolio...

One thing that was not mentioned is the credit check. If you have a margin account with ANY broker, they can and will pull your credit from time to time to ascertain whether or not they are comfortable with extending a margin account in your name. If there were irregularities or high debt...

I'm one of those guys who CAN'T gamble outside the financial arena. Why? Because it ain't worth getting excited or dejected (the true "benefit" of gambling) over a $25 dollar hand of BJ when I trade millions of dollars of currencies every day. Just ain't worth it.

The "Check Out My Boobs!" booths were the ubiquitous fx bucket shops. LMAO when I saw them. Really just wanted to speak with someone at MF Global about clearing and such, but the chick standing there was f'n useless. The "brain" was off taking a dump somewhere, for like over a half hour...

NY Traders Expo Wow, what a waste of time. Was hoping to gleam SOMETHING, but alas, no such luck. Which is why I said in a previous thread, the Expo to go to is Vegas, because even if (when) it sucks, you still got Vegas baby. Instead all we got today was Kosovo independence yahoos.

I thought it was maybe something else. Just about EVERY firm that puts up a CL ad has some similar stipulation. Nothing special here, then.

For those not in the loop...why?

inexpensive

This new aggressive personality that he's showing is kinda new for the channel - I think he's getting tired of all the idiots that CNBC promotes. He wasn't always like this. But hey, at least he doesn't think he's smarter than EVERYONE and has his own hedge fund, like another CNBC personality...