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Larry: I'm very worried when I see low minimums for FOREX. Ususal minimum $$
for a trade where the spreads won't kill you is $250m, so you'd need $25m or
so on deposit with a reputable bank or dealer. Problem or advantage
(depending on where you stand) is that much of FOREX is a gray area under
CFTC/NFA regulations, so while you have more freedom, you have no protection
as to wording of contracts, enforcement, commissions, etc. Bank Julius Baer
has interesting site (www.juliusbaer.com), as does Credit Suisse. If low $$
is a concern, I'd stick to futures or options here in US. PAUL
-----Original Message-----
From: Larry Owens <laowdhl@xxxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxx>
Date: Sunday, December 28, 1997 10:59 AM
Subject: Forex , FX , Currency Trading, Interbank Currency Trading
>Hi Folks!! I'm new to this forum. I have been trading for 2 years,
>mostly grains and cattle. I have been following currencies, especially
>the yen and Aussie dollar for a few months.
>
>Being aware of currency futures and options, there is also "interbank"
>currency trading. The search engines under forex turns up "The Monsy
>Garden" in NYC where you can open a margin account for $1K. The name and
>the $1k makes me skeptical. The question(s)are: Anyone familiar with
>"Money Garden" and is anyone trading interbank currencies that has a
>broker to recommend?
>
>I hope this is not too far out line in your discussions.
>
>An advance Thanks!
>
>Larry Owens
>
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