True! As I type, the dow is -108.85.

Auslanco - GBP/JPY and GBP/USD (newstrade)

MB is the Broker and EFX is the introducing broker. The introducing broker might offer a few incentives whereas MB does not. You would have research into EFX.

Auslanco - GBP/JPY and GBP/USD (newstrade)

The truth is, i have been seriously contemplating about moving some where else. The interest on one GBP/JPY lot is roughly about $26.00 per day. That's a lot of money when you do the math (on a leveraged account). Other than that, I think they are ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Still learning the charts (basics). Showing that it might go up but this is a crazy pair, the beast as I like to call it. Can't tame it but rather study it's moves (in every aspect news, trend, etc.) and follow it.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Yeah, I'm with MB and they do have 1/2 pip buy and 1/2 sell USD Currencies and 1 Pip BUY and 1 pip sell for exotic currencies (e.g. GBY/JPY, CHY/JPY, EUR/CAD, etc.....) but here is the drawback, They give you little or nothing carry trade interest ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I would personally wait till the Japanese Stock Markets open. They had a huge loss of over 340 points (correct me if I am wrong) today. There might be a rebound same as what happened with the US stock market. If so, then longs would make sense but ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I would also agree. It all depends upon which way USD/JPY go.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Hey, I feel for you and you know what, quite a few people have been hurt. Nothing much we can do is just have patience and hope.

Auslanco - GBP/JPY and GBP/USD (newstrade)

When I went down, I was buying / selling micro lots ($10.00). That is how I got it back up to $2100.00. I just got too relaxed and next thing you know, the Yen bit me big time. I shut off my computer this morning. Didn't want to do anything, then I ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Yes, I take it seriously and have fun doing it. Yeah, I've lost money but due to my own mistakes. I've thought about ghiving up but how can I? I want to learn and yes, make money at the same time. First step is that I have to learn money management ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

It's all about money management.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Had $13,000.00 last month, went down to $146.00. Brought it back up to over $2100.00 two days ago and as of right now, $31.00. I still haven't given up . Learn from your mistakes and hopefully never repeat them.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Stock futures slide in global sell-off — LONDON (Reuters) - Stock index futures fell on Wednesday, extending Tuesday's declines as casualties mounted from deteriorating credit markets and global equities took a beating. Wall Street investors ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

My take on this is that the long term trend is "UP" (due to the interest rate deifferentials) but short term it is down. So, follow the charts, pay close attention to the news, stock markets if an individual is going to day trade.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Japan's Nikkei 225 Average, Topix Tumble; Sony and Nomura Lead Declines Japan's Nikkei 225 Stock Average fell 89.01, or 0.5 percent, to 17,159.88 as of 9:03 a.m. in Tokyo. The broader Topix index dropped 9.80, or 0.6 percent, to 1696.38. Australian ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I totally agree. I lost big time, but I am still in it. I went short after taking a huge loss but hopefully, if the market continues south, I'll be be up in no time. It is easy to blame others for our own mistakes. That is something I learned a long ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Thanks Scott! Very interesting and indeed will I purchase the book and read / study it.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Thanks!

Auslanco - GBP/JPY and GBP/USD (newstrade)

Could you please tell me the name of the book? Thanks!

Auslanco - GBP/JPY and GBP/USD (newstrade)

Thanks for your input! It means a lot coming form a senior/ experienced member.

Auslanco - GBP/JPY and GBP/USD (newstrade)