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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
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> 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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