Hi, Thank you for taking the time to answer my question, very helpful and much appreciated!

Dukascopy

From as much research as one could possibly do and I feel I did a lot, Dukascopy seems to be the best out there. I may be biased too as I just opened a live account with them, but I did so after doing solid research.

Best ECN

That's really good to know as I just opened an account with them.

Best ECN

Do you have any info on Dukascopy that is helpful? I read from several review sites that they are pretty good, but some say they will trade against you or block your sales if you are a few k up on profit. Do you think that is true or just other ...

Best ECN

If it happens that I contribute to the liquidity pool and make all of you richer, I can live with that! If I can make my strategy work at the bank for so long, then, other than a corrupt broker or software, it should work the same for me online ...

Is my strategy risky?

I might have to learn this the hard way on my live account as my demo account seems to be working fine. If I blow up my account, I'll post here just for the fun of it, but I still don't see why everyone thinks I'm doing the wrong thing.

Is my strategy risky?

LOL.......you all have to keep in mind that I used the banks for a very long time, so I know my pairs. It is just learning the platform and rules of trading online that is so new to me. I hope I'm not such an idiot that I blow up my account for no ...

Is my strategy risky?

LOL! How about 30+ years of being really good on currency trends, does that count? I can tell you flat out that the AUS/USD is going to fall like a brick soon, but I have to keep the rest to myself! That's my thank you for many helping me understand ...

Is my strategy risky?

I corrected the typo to $3,300 not $33,000. I don't use stop losses at the moment. I use to just go to the bank and exchange currencies until they got too greedy with the spreads, so basically I am doing the same thing on Forex, except I calculate ...

Is my strategy risky?

I think your are right! I must be thinking of risk differently based on the margin as that is what is stuck in my head. So sorry about that if I caused all this confusion. I thought I was using a very conservative strategy.

Is my strategy risky?

No, I would have 10k in my account and open a 100k position. At the allowed 30:1 ratio, that would mean my margin would have to be at least $3,300 or 33%. Actually a few percent more based on the pair.

Is my strategy risky?

Yes, I have been trading demo for nearly 3 weeks now this way and so far so good. Except at the beginning when I was learning the demo platform, no more surprises have happened. I put all my calculations in my head into formulas on my spreadsheet ...

Is my strategy risky?

Help LOL. So, are you saying Forex can spike much more in one day than what I am thinking and if so, is this a milisecond thing? If I got my calculations correct, I am allowing for a 6% spike of a currency, which to my knowledge I have never seen ...

Is my strategy risky?

Then I must be misunderstanding something really bad!!! I allow for a 6 cent spike against me in my pair and the balance would still cover that. I allow for the commission to buy and sell my position I allow for rollover fees. So, unless we have ...

Is my strategy risky?

Maybe I did not explain myself so good. I'm actually using 10% of my balance but it ends up being 33% by the weekend as the broker I use has 100:1 weekdays and drops it to 30:1 on weekends to protect the accounts from spikes when the markets open ...

Is my strategy risky?

Anyone know if the "Swaps" column on the Dukas position report includes the rollover fees? I'm thinking "Swaps" is the Rollover fee?

Dukascopy

I'm from Canada and have the same concerns so I chose Dukascopy. They are a Swiss regulated bank now and the theory is that your Forex deposit with them is guaranteed in case of Bankruptcy up to 100 CHF which is about 100K AUD give or take. If I'm ...

Client Money Safety? suggest broker/ jurisdiction

That means their manual is a little dated. I just tried it myself and 1k works at .001 lot size, thanks! I think I need to test and see what I can get away with on their platform since their manual is lagging behind. I put a conditional sell on the ...

Dukascopy