|
PureBytes Links
Trading Reference Links
|
Since the early 90's I've been using the Forex desk of my broker for
all my currency positions because I couldn't stand the slide on the
floor.
My broker is flexible enough to handle all the differential pricing
between the two without putting me into 20 questions mode, so order
placement is not a worry for me. That might not be the case for
other brokers if they ask you if you want to hit the bid or the ask.
Using his Forex desk also gives me a twenty four hour market and
keeps the problems of globex out of sight and, the scary openings in
the yen don't happen if you ask them to run the stops for 24 hours.
Which solves the overnight problem when running weekly systems and
the day session has an opening gap.
For fills, I don't think the Forex market can be beat. All my
systems still generate their signals off the futures so my system
didn't need any major surgery to handle the transition. For fills, I
usually get my price or a 1 tick slide. Very rarely do I get an
average fill much worse than 2 ticks. Liquidity in the Forex goes in
the tank around Christmas so its best to take a holiday or lighten up
during that period.
All else works well.
Roger...
-----Original Message-----
From: owner-realtraders@xxxxxxxxxxxxxx
[mailto:owner-realtraders@xxxxxxxxxxxxxx]On Behalf Of Jim Noetzelman
Sent: Monday, May 03, 1999 5:32 PM
To: RealTraders Discussion Group
Subject: Forex Trading
I've seen discussions in this forum on both stocks and futures. I've
enjoyed them and they have helped me. I swing trade futures but
lately
have investigated the Forex market which seems to have a lot
liquidity and
not anymore risk than currency futures. Would love to hear from you
Forex
traders about the market, how its different from the futures market,
what's
the same, etc. Brokers are now advertising like mad. Would
appreciate any
input from any on this. Seems like one heck of a good market to
trade, but
if so, why don't we hear more about it. FXTrader? Thanks....
|