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Fair point, and I agree that no one should sign a customer agreement with a non-FCM (I thought the NFA put an end to doing business via unregistered subsidiaries a la Refco - I guess not!). My point was that ppl who believe there are 'good' firms with 'a lot' of capital are again going to be...

I think ppl should just relax.. many of those companies will be able to step up the capital, it's just the question of how much money one wants to tie up... For example, I believe FXDD is part of Tradition Group, they can piss 5mil for breakfast...

Yeah, but it's not that simple: to get 400:1 leverage you need to have an account less than say 10k, so your maximum position is under 4mil - hardly much more risk to the dealer

here is one: http://www.mgforex.com/eng/forex-trading/content/forex-margin.htm

OK, you are confusing two things here : MM is somebody who "makes" the price for its customers: e.g. a bank, a retail platform etc. This is very different from managing someone's money ( and in the process "taking" the price from one or several MMs). If you want to manage funds you have two...

This is normal: whoever holds your funds, executes margin etc should be yr counterparty Hotspot is also the counterparty to trades, nothing unusual I know some ECNs try to cloud the issue to lure in customers with their "trade directly with..." assurances but this is all marketing

Not sure I understand what does an inter-bank system like EBS have to do with any of this discussion? I suspect most ppl on the board are trading their own, relatively small accounts. the question of 'bucketing' in spot FX is not a straightforward one, unlike in futures that are traded on the...

Anyone who is "shocked" at the wide spreads after the off-expectations NFP release on a holiday depleted Friday should seriously consider trading some other market... I don't care what Oanda does or does not, but the REAL bucket shop is the one the DOESN'T widen the spread or slip the orders...

did anyone see their margin requirements increased with the recent events (apart from those trading on the CME)?

it for sure had nothing to do with benchmark revisions for 06 - those were known for several weeks. fx did appear to track the bond market on the occassion, in general a good thing to learn that market reaction does not evolve along "pre-determined" patters (i.e. data "good" for eur, eur goes...

STAY AWAY !!

No centralised marketplace means there is more than one price at any given point in time. This pretty much sums it up.

I think the speed of EUR/CAD was really dictated by EUR/USD, USD/CAD is essentially still stuck in a range.

Nothing ridiculous about EUR/CAD move. A number of people were making the call back in the summer. The market just took a while to stop thinking 'CAD is strong' and just look at the data and at what the central bankers are saying. That said, "nothing moves in a straight line", so a...

Two spelling errors in the name of the Fed Chairman. May the force be with you.

Long GBP/CAD has been an even better trade due to a small positive carry. GBP is probably beginning to look overextended at this point but the bottom line is CAD is going nowhere IMO.

I didn't say they are cutting tomorrow. But the core inflation slightly above 2% was forecast by the BoC last month, so hardly a surprise. Compare with the inflation picture in the US and you get the idea. Bottom line is, yield differentials are not moving in CAD's favour with BoE and ECB...

Well CAD is generally underperforming on the crosses (look at GBP/CAD) mainly due to the market 'catching up' on the rate outlook, i.e. BoC probably already cutting rates next year by the time ECB, BoE and the rest are still not done raising them.

I think Oanda account gives you free access to research from 4Cast which is used by most major banks.

Here is a different type of math. To make your 20 pips per day imagine you are trading just one lot every day, with 10k account (about 10:1 leverage). Average spread is 3 pips, so to break even you need to make 250(trading days)x3=750 pips, i.e. $7500. So to just cover the cost of trading...