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You should have at least two different set of data from two different
vendors... IMHO, when you deal with forex you want to know whats going on
on the other side of the fence.. I like webtrader.
regards
gary
"Brad D." wrote:
> Richard, Roger (and any other FOREX traders):
>
> I've also been considering trading FOREX for the reasons presented
> here. I'd appreciate any suggestions regarding brokers -- I've spent
> some time on the web searching for brokers, there seems to be a lot of
> hype and scam potential here.
>
> Also, any suggestions for data sources? What about the free software
> and data most of these brokers offer?
>
> Thanks,
>
> Brad D.
>
> --- FXTrader <forex@xxxxxxxxxxxxxx> wrote:
> > One last thing. These four currency crosses (USDCHF, USDJPY, EURUSD,
> > GBPUSD)
> > make up about 75% of the total forex daily volume. Fills are great
> > and take
> > seconds. In the forex market you call for a quote. Trader
> > asks,"Quote on 5
> > milo Swiss".
> > Dealer responds, "1.5050......55. You asked, what he is willing to
> > buy and
> > sell 5 million dollars of Swiss francs at. He responded, buy at 50
> > and sell
> > at 55. You normally have 5 seconds to respond or the quote is no
> > good. To
> > get your fill, you respond, " Done at 50. (or 55). The corresponding
> > number
> > denotes the buy or sell. The dealer doesn't know where you are
> > going, till
> > you accept the trade. No more slippage. If you don't like the first
> > quote,
> > ask again. You can work the dealer for prices if you deal in volume.
> > I have
> > gotten a two pip spread once when the dealer need my position.
> >
> > Richard Chehovin
> >
> >
>
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