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HAHA!! Why on earth would you go long at these levels? This pair is on a downward path. This is actually a great place to go short in my opinion. You will see it hit your stop loss before your profit target. How much of your portfolio are you risking?? Good luck.

Does IB have currency futures? And can they be traded for <25k?

First I would like to ask: Is it a dumb idea to trade through IDEAL? How big are the spreads?? cable, eur/usd, usd/jap. The reason being I do not have a ton of money in my account and I have recently designed a system for longer term trading. This requires WIDE STOP LOSSES...

So the order I placed is a proper stop loss order for IB forex? Could I also use a close position order and give it the stop loss price?

Darn it, I placed a GTC STOP BUY order last night for my -25,000 EUR.USD position. I set it to 1.3040. It blew past it a and it DIDN"T trigger. Did I do something wrong? Or was it IB's fault? :confused:

THanks for the replies. With IB the minimum I can buy is 25,000. (i want to use IdealPro) RIght now the GDP.USD is at 1.9050 If I went long GDP with 25,000 would I actually be purchasing 25000x1.9050 : $$47,625??

Hello, i am a long time equity trader, short time fx trader :D I would really appreciate answers to my noobish questions, thanx in advance.. Anyways: Just opened an account with IB and I have some really important questions.... As a test, I went long on jpdy/ usd 25,000... I sold at a...