Weekly Thread: Sep. 1 - 5

Hi Fast Trader

I use FXCM, whom I find to be good. They seem to have good customer service and good order execution.

Ryan

(I have no affiliation with them, just have an account with them)
 
I use Oanda, and they are great. If you want to play with $50 or a couple hundred they are definitely your broker. I have heard you shouldn't trust them with tons of money but i have never heard any good reasons for this. Smallest spreads as far as I know.
 
Hi Baggerlord

I have looked at using them. They definitely have attractive spreads. How do you find the order execution?

Ryan
 
Quote from baggerlord:

It is instant, and have never had a bad fill. No affiliation, I really am just amazed at how good of a deal it is.
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What do you use for charting? Can the same T/A techniques that we use in stocks and futures be used in the Forex market?

-FastTrader
 
Quote from Fast_Trader:


What do you use for charting? Can the same T/A techniques that we use in stocks and futures be used in the Forex market?

-FastTrader
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Free real time charting comes with Oanda. It trades a lot different from US markets. Read marketsurfers journal, it explains better than I can. I think it is easier to trade once you get used to it. To sum up, ride trends. I would never fade a breakout in Forex.
 
Quote from RyanG:

Hi

Long on the EURO........It is very oversold on the daily chart, and has also become oversold on the 1H chart. If 0930 holds (Which was previously strong resistance--now support) then upward movement is a possibility, however I guess if 0930 breaks then a resumption of the downtrend could occur.

ryan
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Reusmption of previous trend is always an option, but besides reasons you mentioned, I see faliure to go down last week is indicating we are going to test upside borders.
Take a look at 240min charts as well - became oversold without significant move down - this, after recent push upside also indicates move north.
 
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