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

Quote from TRADERguy:

Sounds like too much. I use less than half that while day trading and even less for overnight trades; and there are many that would consider the leverage I use to be insanely high. Calculate the percentage of your account that you are risking for each trade. It gives you a better idea of what you are risking and and what kind of devastation you could do to your account with a string of losses or one news shock that gaps against you. One thing I've found helpful when trading with a bit of leverage is to have a maximum percentage of my account that I allow myself to lose in a day (you could do this on a weekly or monthly basis for longer term trades). If I reach this max drawdown I stop trading. This protects myself from occasional bouts of self destructive stupidity.
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Lynx: 10:1 is MAX if you want to last more than a month
 
Quote from SethArb:

www.forexdirectory.net/exover.html

what determines the expiry schedule?
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I've been looking for fairly basic info on forex options for a while: are most of the options OTC or exchange traded?, how are the strikes determined?, who writes most of these options?, etc. and unfortunately I haven't been able to find anyone with expertise in this area on this thread or on the options forum. Maybe we can bug Neal about it when he finishes his vacation. :)

Cheers,

TRADERguy
 
of course if the USD rallies like mad in the next 2 weeks RBC will have the right to change their prediction


-RBC, which tied for most accurate forecaster for the euro in a third-quarter Bloomberg survey of 50 banks, predicts the dollar may fall to $1.40 in January, and to 100 yen within two months-

:p
 
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