I take it they all work for firms. Would they get you in if you wanted?

How to be a trader for a company?

Crazy dollar market overnight. +/- 40pips in USD/CAD (and every other pair) in the past few hours. New multi-decade low on the USDX and nearly every pair, then suddenly reversed. Some major stop running?

USDCAD trend reversal?

Whether or not you believe in it, interest rates are a driving force in the FX world. The only no-swap brokers I've heard of don't pay interest on positive swap, but also charge interest on negative swap. In other words, they're a total scam. You ...

USDCAD trend reversal?

The good news is both EUR/CAD and GBP/CAD are trending nicely off their June lows and are both flirting with their 50-day SMAs. USD/CAD won't find similar traction while the USDX is hugging the 80-level. GBP/CAD is especially strong and may be a ...

USDCAD trend reversal?

I'd say it depends on the USDX. Right now, the weak yen is the only factor keeping the USDX from breaking multi-decade lows (which the USD has already hit against EUR, AUD, CAD, NZD, GBP, etc). If we get some fundamental news out of Japan that could ...

USDCAD trend reversal?

The past few days?? Try the past 4 months. Retail has been on the wrong side of this trade the entire time. The 80% figures show their pent-up frustration. The market has to completely wash out these undeterred longs before a real rally/reversal can ...

USDCAD trend reversal?

First of all, Kokan, if you're not marketwavez (unlikely), I have yet to see him make a correct call here lately. His posts overwhelmingly portray his long bias, and his premature double/triple bottom calling earlier this week ended up underwater. ...

USDCAD trend reversal?

marketwavez, You're really stretching the conventional definitions of a double or triple bottom. Check your USD/CAD chart from May 21st to May 25th, it's the exact same chart as right now - 3 successive lower lows, which became a 4th, and then the ...

USDCAD trend reversal?

Far too early to call it a bottom considering Friday's close was only 30 pips off the 3 decade low hit earlier in the day. Why not wait until after Tuesday's rate decision? ``Today's data and a broader move in commodity prices negate any uncertainty ...

USDCAD trend reversal?

So did you short the channel break or not? Looks like a short was good for nearly 100 pips.

USDCAD trend reversal?

I'm not sure if by "margin based platform" he's referring to their retail platform (FXr), but that's certainly a far cry from FXi. I ran the comparison and it's night and day. FXr has fixed spreads (1-2pip), no sub-pip trading, depth of market ...

Currenex and MT4?

Yes, institutions/funds are the target market. However, said funds who are prime brokers (vcap, ats) can allow individual clients access to these platforms, as long as certain account thresholds are met. ODL has many scam complaints on the broker ...

Currenex and MT4?

That seems rather odd.. Any idea why? I guess I'll find out tomorrow when I call. It was nice to see one other choice besides Vcap. Oh well.

Currenex and MT4?

Well there are two different services through HotSpot. FXr is their retail service, and supposedly the spreads/depth are not the same as FXi, their institutional service. I'm going to sign-up for the retail demo and do a side-by-side comparison. FXi ...

Currenex and MT4?

Wow, talk about a world of difference (Currenex vs HS FXi). So Currenex doesn't even quote in sub-pip values?

Currenex and MT4?

Thanks. Do you know how much cheaper it is if just using Currenex alone? Or HotspotFXi alone? I'm unfamiliar with Currenex's average spread. Right now I'm demoing HS FXi and the spreads are simply amazing. Oftentimes it's 0.4 - 1 pip or less on ...

Currenex and MT4?

Unless said returns are posted by a CTA on an NFA-reviewed site, I would question any & all returns for managed forex. Managed forex doesn't require holding a CTA, nor having your advertising/site NFA-review, so you can post whatever returns you ...

Expected returns from Forex

Have you traded with them before? They don't publish their Pro package commission rate online, I'll call them tomorrow. I wonder if it competes with IB's $20/million or VCap's $30/million.

Currenex and MT4?

Office Space Who could forget that flick, one of my favorite comedies.

How to be a trader for a company?

Interesting topic as I am also following a similar path. Here's what I've gathered thus far on registration with the NFA: Pursuant to the Retail Forex Transactions Regulatory Guide by the National Futures Association (NFA) (page 3, section titled ...

Managing Accounts, but how to get started?