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Gary,
Are you saying you should have two sets of FOREX data, or collect
futures data along with the FOREX data?
Does the internet data feed provided with Webtrader seem fast enough --
have you compared it to a satellite/cable data feed?
Thanks,
Brad D.
--- gary bodnar <gbodnar@xxxxxxxxxxxxxxxx> wrote:
> 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
> > >
> > >
> >
> > _________________________________________________________
> > Do You Yahoo!?
> > Get your free @yahoo.com address at http://mail.yahoo.com
>
>
_________________________________________________________
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