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Roger
Who is your broker? been dealing with the MoneyGarden.. rather find
another one..
thanks in advance
gary bodnar
"Roger D. Rines" wrote:
> 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....
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