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FYI, I've looked into the FXManager. So far it looks very easy and very promising. They have a few bugs to work out, but I believe it will work for me, and I will believe it will work for anyone that wants to manage someone else's money easily. The nice thing is that the way they are...

Try doing it with EUR/TRY. You'll need about half that. Also, it takes awhile to get up to that position size. I buy on DIPS and only .05% of my NAV. And remember: "One Rain Drop Raises the Sea" Don't try to get to that position size all at once. YOU WILL BLOW YOUR ACCOUNT...

Here's the summary transaction for one of my accounts. I have two accounts that I am managing, with nearly equal amounts in them that pretty much are getting the same results. Sorry, don't have time to write much more right now. Getting ready to head to the ocean. Also, since you can see...

Interest is a HUGE factor with me. Right now I am making about $600 a day in interest and LOVING IT. Capital gains are better (tax wise), but as a swing trader interest is a good percentage of my gains. Rule of thumb, do not go against the interest deferential, that can be a killer...

It's called Japan is printing YEN like mad. The paper is loosing value at a rapid rate.

Simple, supply and demand. People want to hold currencies that pay good interest rates. Low interest rates makes borrowing currency cheeper.

Looks like USD/CAD is finally turning around before the trade balances reports come out. Hmm. I wonder how much it will jump if the trade balance reports are possitive..:D

Between the FED's comments on Bonds, The Dow Dropping a 100 points, and ISM Non-Manufacturing Index going beyond expectations. These things might be signalling the time for the USD to turn around. NEW YORK (MarketWatch) -- U.S. stocks were down sharply on Tuesday, sending the Dow Jones...

That's what I've felt often times when I've programmed a stop. So unless I set my stops I will loose. But even then, sometimes currency really an spike which can even hit outrages stop levels. I think it probally best to just draw a red line on the chart to indicate where you would like to...

Here's my take on what I think and wish will happen within the next few weeks.. The US: With gas and stock prices sky rocketing. Inflation Concerns may make the Fed think about a rate increase. The only problem with them increasing the rates in their minds, are those people who were...

I too have learned NOT to use STOP LOSS on my trades. I swear, dealers look at those stops, and find some way to trigger them off. And it seems on OANDA there is incredible slippage that can occur at those STOP LOSS prices so that you will even loose more. It's like give the dealer permission...

Hey has anybody tried making money with box options on Oanda? Looks interesting, but often times things that looks that good, turns out to be another method for a dealer to take some more money out of your pocket and put it into his.

Using 1970 rates to support a position seems flawed to me since Canada just started to float it's currency after having it at a fixed rated between 1962 and 1970. Read: http://www.bankofcanada.ca/en/speeches/2000/sp00-7.html to find out more.

Dan: I usually only place trades at around 7am and again round 8pm. And for the past few years I've been making between 35 to 120% per year. And in general, I only make my trade decitions using technical analysis, and only trade pairs where you earn interest. So I would say yes. But...

Right now, I've been doing the following: Shorting: usd/try eur/try eur/cad eur/gb eur/usd chf/jpy Long on the following: usd/cad I was riding out a pretty fierce storm collecting between my two accounts over $200 in interest a day. But the clouds are starting to break up, and...

I ride out a lot of storms myself. You may also want to do as I do and only make trades where you earn interest.

I would agree with you, except for those trading with Oanda. The key is successful trading is money management, and since with all brokers but Oanda there is NO way to properly manage your account when one trade pretty much leverages you out more than you should be. Note, typically, I only...

Hmm. I'm still buying USD/CAD. While at the same time enjoying the interest I am earning on USD/TRY and EUR/TRY. Man, these are awesome pairs to short. They pay great interest on what hand, while gaining much value on the other hand. Just make sure you trade during the right hours on OANDA...

Hmm. Can a person who is selling child porn off a China based web site be convicted under U.S. Criminal Law? I believe the answer is no. Can the same person located in China open an account with bluehost.com (A US Web Hosting Service) and run the same type of web site and not be able to be...

All this talk about IB. I don't know about you all, but when I try to figure these folks out, I get really confused with their web page. Also, now that they are going public, I think I would rather wait awhile before trading with them. :confused: