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Hi Paul
Thanks for the Forex comments. I am still in research on the Forex.
Dave Breeze
-----Original Message-----
From: Paul Weston <PaulWeston@xxxxxxxxxxxxxx>
To: MWP <mwp@xxxxxxxxxx>; RealTraders Discussion G
<realtraders@xxxxxxxxxxxxxx>
Date: Friday, December 05, 1997 8:57 AM
Subject: Re: forex trading site
>It is very much the same. However:
>
>Liquidity in the cash market is MUCH higher.
>
>Slippage tends to be less.
>
>Quotes are in $/curr as opposed to curr/$ (with the exception of the BP
>which is the same).
>
>You can buy any amount of currency that you want to as opposed to a fixed
>amount like the IMM. You could by $100,000, $500,000 or $1,000,000,
>whatever.
>
>Most of the time, no commissions. The banks (effectively the market
>makers) make their money on the bid/ask spread.
>
>24 hour/day trading. Globex gives this also but finding a broker that will
>trade globex may be difficult. Also liquidity is just about non-existant.
>
>Electronic trading. No need to call broker to get spread, place order,
>etc. You can do it all online.
>
>Hope this answers you question.
>
>Let me know if you make the switch. BTW, I added forex quotes to my DBC
>service. Symbols are in the cash universe such as DEM A0. $50/month.
>EForex provides them free, but I wanted the TradesStation interface.
>
>Paul
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