Stocks VS Forex

Quote from andretrader:

Is'nt itraday trading i Forex very risky,
I mean if a sudden news come, a 2 or 3% move can really be a lot when your using a lot of margins intraday??


Have anybody here experience with SAXO trader?? Got a offer from them, seems very stabile..


:)
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Re fast moves of 2-3% see my previous reply.

SAXO is ok, although in Elitetrader they got bad comments. Forget their charts, just as bad as IB - I use Tradestation for years.
 
Quote from syspool:

I use Tradestation for years.
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Tradestation is absolutely terrible for FX trading. They use Gain's dealing desk, AND they add half a pip to their spreads on top. For this they charge the same commission as IB, give me a break. Highway robbery if you ask me.
 
Quote from Trader KGB:

Tradestation is absolutely terrible for FX trading. They use Gain's dealing desk, AND they add half a pip to their spreads on top. For this they charge the same commission as IB, give me a break. Highway robbery if you ask me.
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You're right. I only use TS for charting and some backtesting. Occasionaly I trade currency futures with them.
 
which screening/filter/scanner hardware/site
would you guys recommend for Forex crosses?


for example if I want a currency-cross with certain technical pattern, and RSI within a certain range etc...


(tried saxo and tradestation) didnt find such tools..

Thanks..
 
Quote from YoungOne:

Forex is great but like the above poster said, it does have its downfalls. Firstly, most brokers are bucket shops since there is no exchange. Secondly, the hours. If your a day trader it can get very stressful because the hours are long. I think if I were to get back into forex it would be to swing trade only. Also I recommend using an ECN broker because the spreads are much better and they seem to be much more legitimate. Good luck.
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Most stock brokers are also bucket shops these days. Appearances can be deceiving.
 
Quote from YoungOne:

Forex is great but like the above poster said, it does have its downfalls. Firstly, most brokers are bucket shops since there is no exchange. Secondly, the hours. If your a day trader it can get very stressful because the hours are long. I think if I were to get back into forex it would be to swing trade only. Also I recommend using an ECN broker because the spreads are much better and they seem to be much more legitimate. Good luck.
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Good posts. I have heard stories of closed profitable positions getting cancelled by brokers because they claim they violated agreements and placed during low liquidity markets.

Any good ECN brokers out there? Any suggestions? I think mine is a bucket shop too:)

Ron
 
Quote from ronblack:

Good posts. I have heard stories of closed profitable positions getting cancelled by brokers because they claim they violated agreements and placed during low liquidity markets.

Any good ECN brokers out there? Any suggestions? I think mine is a bucket shop too:)

Ron
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I used MB Trading and really liked them, only prob I had was no charting but I used metatrader for that. Interactive brokers also offers ECN trading but I have no experience with them.
 
andretrader, have you read ET's Forex forums

whether using an MetaTrader 4 broker or not to place trades this program is used by
tens of thousands of traders and is available from brokers around the world
you can obtain a free unlimited renewable demo from most of the MT4 brokers, mine
is from: http://www.alpari-idc.com/ located in London, UK, head office is Moscow
the largest retail fx broker is: http://www.fxcm.com/ who have offices in US, UK, HK and
also regulated for Canada, Alpari is UK regulated and also provides 'micro' accounts

while you can use virtually any charting program today since most accept fx feeds or
provide them eg: AmiBroker, Ensign there's thousands of MT4 coder/programmers and
thousands of indicators and Expert Advisors -- auto trading systems as well as manual
trading systems/methods available for MT and many MT dedicated forums:
http://www.forex-tsd.com/
http://www.forexfactory.com/forum.php
http://www.moneytec.com/index.php

there's also thousands of 'fx' sites and blogs (google: forex: 38,000,000 pages) providing
info and stats plus most banks providing D, W, M currency/fx analysis/reports:
fxcm's is quite comprehensive: http://www.dailyfx.com/

fx is very reactive to some economic report releases and interest rate changes:
http://www.forexfactory.com/calendar.php?
http://www.fxwords.com/e/economic-for-the-united-kingdom.html#Balance of Payments
http://www.nasdaq.com/econoday/calendar/US/EN/New_York/year/2007/month/11/day/19/daily/index.html
 
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