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Philip - Thank-you, I was not aware of this which is why I left it open
in my comment. Steve
Nixon(MLS) wrote:
>
> Sorry Steve but you are incorrect. There are a number of brokers who will
> trade SPOT FX in sizes as low as $150/250 on 3% margin with a for example
> 5tick bid/ask in USD/DEM. I suggest you try CMC which is based in London.
> Many other Brokers in London will do this kind of business.
>
> Regards
>
> Philip
>
> ----------
> > From: swp <swp@xxxxxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Subject: Re: forex trading... what do you think ???
> > Date: 05 November 1998 11:51
> >
> > 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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