Quote from Trader KGB:
heavyhitter78 - Out of curiosity, what are your motives for wanting to trade FX? You seem to be one of the top guys on the P/L thread as far as pulling down consistent bank trading ES and CL. Just looking to diversify your strategy? [/B]
Quote from ForexTrader1980:
Hey Guys,
Heavyhitter78 - I actually trade SPOT FX Options with my broker, FXCM. They\'re the largest out there. Their staff is great, very helpful. I know there is a lot of talk about them online but I have never had an issue with them. Slippage, etc is part of every market and you\'ll find it at any company. The best thing to look for is size. These guys have capital requirements that are at times almost 10 times larger than other companies. I definitely feel better about keeping my money with them. If you are interested in getting started with FX, just give them a call. They\'re nice and will sign you up for one of their paper trading accounts and walk you through.
Quote from bl2001:
1980:
B,
Risk Reward:
....
What kind of risk/reward ratio are you chaps after?
Quote from heavyhitter78:
KGB,
Yeah, I'm looking to diversify. I've developed a macro economic model that use tech. analysis, so I am going to holding my positions from anywheres from few days to a few months. Going to trade around my main position.
Something different to try, but I can't see it becoming my bread and butter.
Quote from bl2001:
jjvrat,
Interesting time frames and RRRs. My style fits somewhere in between your short term and Long term trade. Stops for me are generally around 10 pips and never more 20 (inc spread). I normally trade out after 1-2 hours or so.
The scalp intrigues me though - are you trading with a spread of 1 pip? If so does your broker get you good fills or do you suffer from slippage more often?
B