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Sir
I have brought and sold one lot contract on Forex market in the past few
months.. I agree that the trading desks do not like it.. but they will do
it.. the forex market is pretty liquid most of the time... I also agree
with the 5-10points spread... It's expensive to trade forex...
Regards
Gary Bodnar
-----Original Message-----
From: swp [SMTP:swp@xxxxxxxxxx]
Sent: Thursday, November 05, 1998 4:52 AM
To: RealTraders Discussion Group
Subject: Re: forex trading... what do you think ???
Demir -
Unless you are trading in institutional size there is no way to do spot
forex trading. The trading desks do not even like doing $10,000,000
dollar trades! Otherwise, the in/out bid/ask is huge, maybe 5-10%. There
might be shops doing otherwise, but I am not familiar of any low spread
odd lot type trading groups.
You can of course trade the currency futures on the CME/IMM. They are
fairly liquid and now with Globex2,there are stops at night (but they
are not terribly liquid at night). My experience though does show that
if you use technical analysis, do it on the spot market and then apply
your directional bias to the futures as overnight trading is more
important than the US time period in the currency market. You do need to
be aware of key levels though in the futures.
Steve
Demir Ozyurek wrote:
>
> I would like you get your ideas on spot forex trading.
>
> 1. What do you think about forex trading, expecially online trading ?
What
> are the disadvantages ?
> 2. Have you ever traded online or heard something on this matter ?
> 3. Are there any reliable online trading companies with low margin rates
?
> What problems may be faced ? What are the general conditions... ?
>
> All other comments are wellcome. Thanks in advance for your help.
>
> Regards.
>
> Demir Ozyurek
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