@small-jeff
mind teaching me a little on what u mean by price actions on commodities? from what you mentioned i interpreted it as everyone is running to commodities due to the bad reports? correct me if i'm wrong

ops...i mean..oil price has breached through $60, while other commodities, especially metals, arent showing signs of good bull reversal. This means, fear of slowing growth remains, where this fear is gaining in strength. The recent bull run of USD is due to the overbough of US Treasuries, i.e. it's bill, note and bond. Though we saw a decline of the Treasuries for a week or so (as i said earlier bout how people are leaving the safe haven), i believe, the bad prints today, monies will go back to the safe haven of US Treasuries, hence the gain of USD against other currencies.

p.s. it's be a volatile move, trade with SL or use high time frame. Good luck guys.

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Added on November 7, 2008, 9:29 pmedit: European gov bonds are rising

This post has been edited by small-jeff: Nov 7 2008, 09:29 PM

thanks a lot on that.. heh i'm keeping out of forex for a while

A multi-millionaire ex-foreign exchange dealer has been elected the next Prime Minister of NZ.

hi guys, can i know which platform you guys are using to trade forex?

I m using Marketiva. Margin is 1% .

Is there any reputable company offering lower margin and lower spread ?



This post has been edited by sephiaric: Nov 9 2008, 02:23 PM

EU monthly having 3 black crow candlestick pattern.

Below attached is on smaller TF.


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GU


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wtf Oanda's spread for AUD/USD is 20 pips right now, all the other major pairs are a whopping 10 pips...this is ridiculous

do the other brokers give such wide spreads when trading resumes?

spreads vary for oanda depending on time frame..

Its normal coz they charge more spread if there a LOW liquidity in the market especially during opening at monday and closing at friday

Right, do other brokers do the same?

Wanted to close my position before trading resumed but the spread was 15 pips, but being a newb i thought it would go back to normal when it opened this morning, but instead the spread widened to 20 pips and shot up against my position...zz profit turned loss, sad.

Now i know i should close my positions over the weekend if i don't wanna hold it for long.

Anyone in tis thread now?

me stil in this thread but also monitor market..

much depend on broker
but many mt4 broker do provide fix spread again its not fix during news

oanda spread varies... like for instants.. the spread now is 0.9 for the EU pair =)

erm. where is the website to check the informations on forex broker? last time i got saw here bfore. but forgot where. anyone can help?

google nfa and cftc..

http://www.earnforex.com/ecn_forex_brokers.php.
I did post it here last time.
Remember to bookmark it coz it did help me in looking for good fx broker.
Now im targeting on Interbank coz it is MT4 broker

@kelvin_tan
Sorry yer. Can't join oanda club

Hi,

Any good platform that lets you fund your account with Paypal or Credit Card?

@dreams_achiever
ahhaha it doesn't matter which platform u join as long as u trade forex