[QUOTE=Snusmumriken] Perfect description. It confirms what they told me on the telephone. In essence it does not make sense for a forex mm to provide this service unless they want to become a full fledged currency exchange service. Problem is the ...

Forex For Converting Funds?

With all due respect did you happen to read this thread to understand what it is about before posting? I'm just sort of curious what post in this thread led you to believe anyone has been talking about making profit? FT

Forex For Converting Funds?

I don't think I meant luck or chance what I was referring to is probability. I have not bothered to examine the probability of a currency pair breathing 5 pips in both directions within a 10 minute period. Without actually checking this out, if ...

moving the market 5 pips (split)

j No worries about being misled. If they do currency exchanges I'd be the happier. However if you want to know if they permit currency exchanges then why ask so indrectly as to leave room for ambiguity. Just tell them it appears you can do low cost ...

Forex For Converting Funds?

Well I'm not so sure that Oanda has given conflicting information. You see I don't see anything in the letter they sent you that states that you can exchange ecurrencies. I see ambiguity that would allow you to construe that but the only comments in ...

Forex For Converting Funds?

Given the possibility of being able to do currency conversions with 3 pip spreads I called them and asked the same question thinking they would tell me the same thing they told you. I was ready to open an account just for converting EUR USD AUD and ...

Forex For Converting Funds?

Why not do this by telephone? That way there is less liklihood of a coincidence. You get on the line. Someone gives Patrick the word... in the next 30 seconds or less the market moves 5 pips in a specified direction. Then you can call it and it will ...

moving the market 5 pips (split)

[QUOTE=merlin] Close but normally it isn't front running but piggy backing. At least that is what my buddy in PNG tells me. They don't jump in front because, though it isn't illegal, it isn't good manners and tends to give the wrong impression. It ...

moving the market 5 pips (split)

I cancelled TS when I heard about the move to Gain. Not that I think Gain is worse but I had held onto a dream that TS was going to make their platform available to more than one MM. More than a year ago I took up the issue with TS and blasted them ...

Calculating Acc/Dist

This is a very bold statement. It would be fun to test this out. We could become quite rich just scalping that way if it is a sure thing. FT

moving the market 5 pips (split)

I'll try to dig it up. It shouldn't take me that long. Give me a couple days and I'll see what I can do. I'm sure we read the same thing because we both remember the topic ... just a little different interpretation of what we read. There are easier ...

questions from a future quant

Cool. Thanks for finding out. I was too busy to bother getting in touch with them to find out. What country are they in? Obviously not the US or Canada or they'd have currency exchange regulators down their throats with wire brushes. FT

Forex For Converting Funds?

I was only talking about risk in that comment. The point remains that if you look at a system that is not suited for you it represents a higher risk than one that is. There are always systems out there that you could never make your own no matter ...

How do you define risk?

I cannot comment about Oanda but I talked to others and none permitted that. I suspect that sub accounts must be in the same currency to transfer between them. My reasoning is that they need to be registered exchange merchants in order to permit ...

Forex For Converting Funds?

My pleasure FT

Forex For Converting Funds?

With this approach you eliminate the risk of losing more than the price you peg the dollar at when you buy but you also eliminate the reward of the price moving favorably which is also a kind of risk in that you risk losing the reward. Also anyone ...

Forex For Converting Funds?

Here is the answer from the FAQ you posted: Can I change my account currency? No. The currency of an account cannot be changed. Usually the reason MM's do not allow currency exchange is due to the licensing requirements and also the onerous ...

Forex For Converting Funds?

I've been through this for some time and can tell you that the best rates I've found for converting large amounts of currency have been with xe.com. The rates they quote on their converter are mid market (no spread) rates. Nobody will give you those ...

Forex For Converting Funds?

Did you engage in any discussions with brokers about stop hunting? <grin> FT

Forex Trading Expo Casebook (merged threads)

Probably the greatest risk and hardest to quantify when comparing one trading system over another is the traders propensity to interfere with the system. A system that is not well suited to a trader will represent the greatest account risk whereas a ...

How do you define risk?