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- lasty replied Sep 21, 2008
Im going to tell it straight. The US is in deep trouble. It has a widening trade deficit. Its foreign debt is out of control. Would you buy USD on this ? USD/Yen will fall...
USD/JPY Discussion
- lasty replied Sep 21, 2008
Maybe there are equity traders punting FX and with the new rules on equities they cant short sell
EURUSD
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History repeats : Plaza Accord
Started Sep 21, 2008|Trading Discussion|0 repliesThe Plaza Accord or Plaza Agreement was an agreement signed on September 22, 1985 at the Plaza ...
- lasty replied Sep 21, 2008
Its game over for the US.. There is no magic bullet. The US has to raise nearly 1 Trillion extra dollars if this package gets approved. US assets will diminish with the printing of more money. Forget about small int rates decreases here, this is ...
AUD/USD
- lasty replied Sep 21, 2008
The is Foreign Exchange... Its the Formula One of the financial markets. We love this stuff. Whilst all those other markets have regulatory authorities and try changing the rules every 5 minutes to protect liquidity, we dont and it works a treat.
EURUSD
- lasty replied Sep 21, 2008
To me this is a screaming buy for the AUD. We have seen some serious repatriation of US dollars across the board for several weeks which has forced out long AUD positions. The market is now focusing on the long term fundamentals. I cant see the US ...
AUD/USD
- lasty replied Sep 21, 2008
I wouldnt be holding my breath. The initial rescue plan seems a bit souffle to me. Once the froth has settled the US has some deep problems.
Trading Futures
- lasty replied Sep 18, 2008
Now that the weak longs are all gone, I see AUD/USD heading back to 85 cents
AUD/USD
- lasty replied Sep 16, 2008
To my knowledge there is no industry body for complaint. Obviously they arent the broker for you, so withdraw your funds immediately. You have a choice of going to an ECN like hotspotfxr who dont use market makers. You can use FX solutions who are ...
Outrageous Broker Fill
- lasty replied Sep 16, 2008
This thing has tried to rally but cant seem to hold above .8000 which is frustrating the bulls. When a currency has strong fundamentals but it cant rally it spells disaster.
AUD/USD
- lasty replied Sep 15, 2008
No As you as you do the trade the system revalues in real time. So if you hit the bid in eur/chf immediately it works out your loss where you need to buy them back in your case 4 pip spread. You put your T/P in and it was hit which is what you were ...
Newbie question--Spread and profit target
- lasty replied Sep 14, 2008
I wouldnt be predicting anything right now. The fundamentals arent clear.We have the U.S. banking system in turmoil. Banks are re-valueing their credit lines with others , which means liquidity with get thinner and volatility will increase. Can I ...
AUD/USD
- lasty replied Sep 14, 2008
Thanks for the info. It would be nice to know the individuals who are behind this. Even though they are being whitelabelled by Saxo its good to know the personel, their experience etc. Where can we find out this information from ?
First Australian MT4 broker?
- lasty replied Sep 11, 2008
The first thing is to recognise the market conditions. This comes from a little more time in the game. The current conditions have been very volatile, therefore expect big swings. Tight stops wont work.You will be cut to shreads. Decrease your ...
EURUSD
- lasty replied Sep 11, 2008
The ECN is what banks and hedge funds trade with.In other words the professionals. You complain about spread in the ECN.You can close the spread by bidding or offering inside of the spread. So if you are seeing a 6 pip spread in GBP/USD you can ...
trading with big accounts with the market maker
- lasty replied Sep 10, 2008
Absolutely correct and they dont. The retail market is powered by the interbank market. What the interbank does do in particular time zone changes eg Europes opening against Asia is that the large players will converse work out how Asia is placed ...
Forex Stop Hunting - What is it?
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Every sunken ship has a chartroom
Started Sep 10, 2008|Trading Discussion|0 repliesDont ever forget that "Every sunken ship has a chartroom" and that should deter you from ...
- lasty replied Sep 10, 2008
When actively trading short term ie (Jobbing) I hate the word scalping, you need to bear in mind that a market maker such as crown makes their money from spread.An ECN however makes their's from brokerage so you can have a song and dance in the ...
Crown Forex -any Opinion
- lasty replied Sep 9, 2008
The market has been very choppy of late. Market makers are still on 2 pips spreads.The chances of hitting them at a the price is becoming a joke. Why? Because the interbank market is whippy too and they price feed through API's to the market makers. ...
How many people here have about 5 funded retail accounts and look for the best price