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Joe,
There are several companies doing this on the net. They make there money
from the spreads which are usually 5, sometimes even 3 pips for the major
exchange rates.
I personally wouldn't use any java progam that relies on a web browser, but
some of these companies have stand alone applications (that are more stable)
for live charting and dealing and accounting.
I traded with one of these companies for a while and found them to be quite
good. I can't speak for all of them, but the company I traded with was
honest, and the way they had it setup they couldn't really rip you off.
Regards
Simon
>Guys,
>
>I was a bit bored lastnight (Padres had the night off :/) so I was
>poking around various websites (again, thanks to Mark Brown, that
>'investorama' site has quite a bit of depth to it.)
>
>Anyway, I found a number of Forex trading sites, one which actually
>allows individual, Internet based traders to trade Forex for ZERO
>commission. All you have to do is maintain a minimum account of $10000
>(which seems like chickenfeed for Forex trading.)
>
>Any comments on this? I'm a stock daytrader, so other than what I've
>read in "Market Wizards" and the bits on this list, I know next to
>nothing about Forex trading. Looks like it might be interesting. Trades
>24 hours a day, one can trade using a Java based trading system and pay
>no commissions. Sounds good to me! Obviously, with 100:1 leverage, one
>could get absolutely killed if not very careful, but I'm more interested
>in learning if the commisionless trading is instant death to the serious
>trader. Afterall, I know how much one can really lose from the market
>makers in super-cheap web-based NASDAQ trading vs. a true SOES setup, so
>the cheapest isn't always best.
>
>Oh, just so I'm totally on topic...anyone have a good Forex trading
>system in either TradeStation or SuperCharts? ;)
>
>Best Regards,
>
>Joe Balsamo
_ .
Simon Trevor ,~' (_|\
s335159@xxxxxxxxxxxxxxxxx ,-' \
http://student.uq.edu.au/~s335159/ ( * <--Brisbane
Manufacturing & Materials Engineering Student \ __ / Australia
The University of Queensland \,~` "\__/
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