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As I am a new RT subscriber, it is possible/probable that the subject was
already discussed earlier.
After having traded stocks and options on stocks and index for years, I
consider now to jump on the currency trading, as in my opinion the
overvalued stocks market will be too volatile in the coming months.
What about forex trading ? To be more precise, I feel attracted by this
market for several reasons:
1. very high liquidity
2. no commissions, only 4/5 pip bid-offer spread
3. low margin (2 to 4%)
Is really like this in real Forex trading ? I would be interested by knowing
more from experienced Fx traders. Especially, is it better to open an
account in UK (no commission, but trader funds are not segregated) or US
(small commission but funds are protected) ?
I have 2 names in mind: CMC for UK and Matchbook in US. According to what I
read nother discussion groups, CMC is sometimes told to have bad order
execution, resulting in much higher spreads than the 4 to 5 pips announced.
Is it true ? Any other Fx broker recommended ? Or Fx is it too dangerous ??
Thanks for your time
Carl
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