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- peterM replied Nov 21, 2007
I actually traded mostly on demo for the first two years.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Nov 21, 2007
yes girlflyer, i agree with you. I think a lot of newbies get carried away and refuse to accept a loss until they have no choice. Solid Risk Management is definately the key to success.
Why let yourself be margin called?
- peterM replied Nov 21, 2007
I think the big boys have a lot of arbitrage opportunities too that are not really possible for retail traders
If you have an opinion, then VOICE IT! SUP/RES
- peterM replied Nov 20, 2007
It will help a bit I think.. but not massively. The UK debt is around 1.3trillion, far too much for a small country. Mervyn King recently stated the boe expect inflationary pressures next year, so they have to be careful
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Nov 20, 2007
it might be ok, but it might not with a 1.45 entry.. that sure sounds like a risky strategy, hold a position like that against the long term trend
Eur/Usd to 1.50 and beyond
- peterM replied Nov 20, 2007
I have an account i use for long term trading, no problems. Never used them for short term trading though.
CMSFX: Scammers or REAL DEAL
- peterM replied Nov 20, 2007
I think Northfinance is run by russians but the address' they give are: Address: No. 5 Cork Street, Belize City, Belize Postal Address: PO BOX 58362, CY-3733 Limassol, Cyprus Nothing to do with the US, so nothing to do with the NFA. Don't those ...
Which Broker Is The Best?
- peterM replied Nov 20, 2007
I don't know how the big boys trade. If they were just trading long term their trades still might move the market. Like if Warren Buffet wants to buy 10bn GBP with dollars for the long term, it would probably cause a big spike up.
If you have an opinion, then VOICE IT! SUP/RES
- peterM replied Nov 20, 2007
yeah, thats what i meant.. I think it's 87% for a cut next time, like you say.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Nov 20, 2007
lower growth yep high unemployment yep lower inflation? Not if oil stays high and they keep cutting rates
Cable Update (GBPUSD)
- peterM replied Nov 20, 2007
It could happen, it would probably be more dramatic if there was a surprise. The market is expecting the no cut scenario and has largely priced it in.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Nov 20, 2007
yep, the dow tried to move up, but it was sharply rejected
Auslanco - GBP/JPY and GBP/USD (newstrade)
- peterM replied Nov 20, 2007
ya.. i agree.. lotta people who do complain about brokers is because they trade news spikes, though there are exceptions.
is fxdd a good broker
- peterM replied Nov 20, 2007
It's that euro.. Apparently it makes up a big chunk of the dollar index.
Cable Update (GBPUSD)
- peterM replied Nov 20, 2007
I dont think they should lower rates either... with oil making record highs recently, it will cause increased inflationary pressures, they might not full show in the CPI numbers for a while, as they are always lagged.
Why would the fed lower rate?