|
PureBytes Links
Trading Reference Links
|
Carl -
There may be no "commissions", but let me assure you that 5 pips is more
than you will pay in the futures market.
You did not indicate whether you are interested in doing trades over the
internet or the phone.
I would look at CMC or Midas - both of which have very good reputations. I
personally like the CMC software and their quotes.
You might also call Richard at DH Financial, 800-826-4087. He is just
setting up their FX desk. Richard is a trader whom I have known for a
couple of years and I will vouch for him. I have not seen their software
yet.
Watch out for MoneyGarden. They have a 5 pip spread, but it is sometimes
WAY away from the market.
Hope this helps.
Regards,
Paul
-----Original Message-----
From: listmanager@xxxxxxxxxxxxxxx [mailto:listmanager@xxxxxxxxxxxxxxx] On
Behalf Of Carl Vanhaesendonck
Sent: Wednesday, February 16, 2000 1:18 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] FOREX: UK or US dealer ?
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
-------------------------------------------------------------------------
This Email was sent through Contact On Line http://www.contactonline.net
|