Chinook's EUR/USD (E/$)Mumblings

lynx2004 · Dec 17, 2004

Quote from TradingWise:

YOu can try Financialchat IRC.

Thanks. I'll check it out.

Wittgenstein · Dec 17, 2004

Quote from chinook:

.

FXsol gives 1:400. For 10.000 you can trade 4 millions.

TRADERguy · Dec 17, 2004

Quote from Wittgenstein:

FXsol gives 1:400. For 10.000 you can trade 4 millions.

Yes, but at that leverage the length of your trading career will probably be measured in seconds.

chinook · Dec 17, 2004

Quote from TRADERguy:

Yes, but at that leverage the length of your trading career will probably be measured in seconds.

Let's make it miliseconds :-)

Wittgenstein · Dec 17, 2004

Quote from chinook:

Let's make it miliseconds

Yes - a 25 pips loss, and you are gone.

Wittgenstein · Dec 17, 2004

Quote from lynx2004:

any realtime chat rooms out there for specific for FX traders? .. just checked here at elitetrader but no participants.

You can try the chat at moneytec.com. There are a lot of forex traders there.

Wittgenstein · Dec 18, 2004

Quote from Wittgenstein:

FXsol gives 1:400. For 10.000 you can trade 4 millions.

And you get up to 300 dollars in free bonus if you open an account with FXsol. It's like a internet-casino...

lynx2004 · Dec 18, 2004

Quote from Wittgenstein:

You can try the chat at moneytec.com. There are a lot of forex traders there.

Thanks I'll check it out.

lynx2004 · Dec 18, 2004

Quote from Wittgenstein:

Yes - a 25 pips loss, and you are gone.

While we are on the subject of leverage...could I ask traders here what leverage(s) they use -- let's say in the USDEUR? I am kinda new to FX -- started last week with leverage of about 54 -- too much? too little?

I calculated leverage as (I trade the futures- Euro 125K each):

(# of futures contracts) X (Euro 125K/contract) X (usd/eur rate 1.33) then divided it by (acct size in USD).

I am not a pure daytrader -- I might scalp here and there but plan to hold positions overnight or even a few days. Any discussion on leverge might be beneficial. thanks.

Wittgenstein · Dec 18, 2004

Quote from lynx2004:

Thanks I'll check it out.

You can also try the chatroom at forexnews.com