Foreign Exchange trading

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3m
Member since: Aug 06

Posts: 65
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Post ID: #PID

Posted on: 26-12-06 18:48:06

Hi all FOREX TRADERS,
Kindly please advise \share your experiences of FOREX TRADING broking houses.
I mean which one are you trding with, your experiences with them good or bad, would you recommend to open account with to trade .
I am trading with interbank forex, however I am finding their spreads very high, I have not experienced the others, however I have read advts of 2 pips spreads , but I would like to check with you all CD's
Thanks for your replies in advance.

3m
Member since: Aug 06

Posts: 65
Location:
Post ID: #PID

Posted on: 31-12-06 18:02:53

Hi all,
I see so many posts and replies on forex tutoring, and intrests in trading forex, why then nobody sharing information on trading houses? Is it that nobody is trading forex ? or that it is a secretive and no one wants to share it.

chandresh
Member since: Mar 03

Posts: 2606
Location: Toronto
Post ID: #PID

Posted on: 31-12-06 20:38:32

Quote:
Originally posted by 3m

Hi all,
I see so many posts and replies on forex tutoring, and intrests in trading forex, why then nobody sharing information on trading houses? Is it that nobody is trading forex ? or that it is a secretive and no one wants to share it.

What are the sreads you are getting?

I deal with Refco (now Man Financial) and the spread for Euro/USD is 3 pips while for other major currencies is 5 pips and I would have thought that all internet trading is same spread because the rates are coming from the same source.

Chandresh

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Chandresh

Advice is free – lessons I charge for!!

3m
Member since: Aug 06

Posts: 65
Location:
Post ID: #PID

Posted on: 01-01-07 10:49:06

Thanks, Chandresh for your reply,I am relatively new in this market, however I have experienced the spread is varrying even within the same pair.
I am now trying to record this to document my experience.

ajaybhavini
Member since: Nov 06

Posts: 35
Location:
Post ID: #PID

Posted on: 01-01-07 11:30:08

Try 'OANDA' they have competitive spreads and do not require a minimum order amount.
(Also a newbie on forex, father is an professional trader and he recommends above broker....ps. hoping to settle in Toronto by the end this year!)

3m
Member since: Aug 06

Posts: 65
Location:
Post ID: #PID

Posted on: 01-02-07 18:46:55

Thanks, ajay, I am unable to locate that broker, can you please give its website details?

chandresh
Member since: Mar 03

Posts: 2606
Location: Toronto
Post ID: #PID

Posted on: 02-02-07 15:28:09

It is Oanda.com not Onada.

http://www.oanda.com" target="_blank">http://www.oanda.com

Chandresh

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Chandresh

Advice is free – lessons I charge for!!

Contributors: 3m(4) chandresh(2) sallusworld(1) ajaybhavini(1) dhshpatel(1) nadeejohn(1)

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