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Forum: Rate my Broker 05-01-2008, 12:13 AM
Replies: 3
Views: 717
Posted By mugen
It's a whitelabel for saxo bank, with Citi acting...

It's a whitelabel for saxo bank, with Citi acting as the counterparty/liquidity provider on all of your transactions. The spreads are fairly wide, 10k minimum. I think there are better choices...
Forum: Rate my Broker 08-17-2007, 03:16 PM
Replies: 1
Views: 268
Posted By mugen
... :rolleyes:

... :rolleyes:
Forum: Newbie Island 08-08-2007, 03:48 PM
Replies: 18
Views: 707
Posted By mugen
Micrapip, I think you're a bit confused about...

Micrapip, I think you're a bit confused about leverage.

Account leverage has nothing to do with your lot size, only the amount of margin required for your lot size.

100:1 leverage = $1,000 in...
Forum: Newbie Island 08-08-2007, 02:21 PM
Replies: 8
Views: 371
Posted By mugen
One week of successful demo trading means...

One week of successful demo trading means nothing. However, I do think you learn the fastest, take it more serious, and remember your lessons when real money is on the table.

$1000 is plenty to...
Forum: Newbie Island 08-06-2007, 06:33 PM
Replies: 5
Views: 321
Posted By mugen
I second the forexfactory.com calendar. ...

I second the forexfactory.com calendar.

Forex Calendar @ Forex Factory (http://forexfactory.com/calendar.php)


Dailyfx also has a nice calendar.

Currency Trading News, Forex Trading News,...
Forum: Newbie Island 08-06-2007, 06:28 PM
Replies: 7
Views: 258
Posted By mugen
One site to check out is Meetup: World's largest...

One site to check out is Meetup: World's largest community of local Meetups, clubs and groups! (http://www.meetup.com/) & Forex Traders, Forex Trading Meetups, events, clubs and groups in your area...
Forum: Newbie Island 08-06-2007, 06:16 PM
Replies: 18
Views: 707
Posted By mugen
Cutting your losses is all well and good, but you...

Cutting your losses is all well and good, but you must also give your trades time.

The carry trade isn't going anywhere anytime soon; I think this dip is a bit of profit taking/temporary risk...
Forum: Newbie Island 08-05-2007, 09:52 PM
Replies: 14
Views: 724
Posted By mugen
Oanda makes for a great demo account. My only...

Oanda makes for a great demo account. My only complaint is their charting and the $600/month API fee if you ever decide to automate your trading strategy.
Forum: Newbie Island 08-05-2007, 07:58 PM
Replies: 5
Views: 299
Posted By mugen
High leverage is a quick way to wipe out your...

High leverage is a quick way to wipe out your entire account if you're trading too large.

You're trading too large when you open a large enough position where your account balance isn't high...
Forum: Rate my Software 08-05-2007, 01:12 PM
Replies: 2
Views: 942
Posted By mugen
GFT allows for automated trading through strategy...

GFT allows for automated trading through strategy runner, for free. A few other brokers do this as well. Strategy runner can take strategies written in many different languages/scripts for use,...
Forum: Forextown 07-31-2007, 02:08 AM
Replies: 7
Views: 588
Posted By mugen
Risks aside, you're essentially borrowing money...

Risks aside, you're essentially borrowing money at the rate of 10% a year and having to deal with clients.

You can most likely find ways to borrow money at a much cheaper interest rate then that...
Forum: Rate my Software 07-29-2007, 10:28 PM
Replies: 2
Views: 372
Posted By mugen
Hello, Here is a Metatrader development...

Hello,

Here is a Metatrader development course I came across that has been a lot of help.

http://www.metatrader.info/node/34

Here is a link to all of the lessons/files in a pdf format.
...
Forum: Rate my Broker 07-28-2007, 01:09 PM
Replies: 7
Views: 614
Posted By mugen
Gagan, The real problem with that dollar...

Gagan,

The real problem with that dollar amount and trying to use some sort of risk/money management is your lot size. Minimum lot size is 10k with FXCM, which isn't suitable for a $300...
Forum: Rate my Broker 05-10-2007, 07:59 AM
Replies: 1
Views: 483
Posted By mugen
Hello, Forex.com offers their api for free. ...

Hello,

Forex.com offers their api for free.

FOREX.com > Trade > Forex API Trading (http://forex.com/forex-api.html)
Forum: Forextown 04-11-2007, 11:53 PM
Replies: 18
Views: 3,745
Posted By mugen
When you enter in an smtp address for MT4, mt4 is...

When you enter in an smtp address for MT4, mt4 is trying to connect to that address, login to an email account, and then send an email to whatever address you specify. If you want to be able to do...
Forum: Newbie Island 04-11-2007, 11:45 PM
Replies: 3
Views: 837
Posted By mugen
Hello, The level II window shows you a...

Hello,

The level II window shows you a list of the different bid/ask prices, and the volume at that level. Because the forex market is decentralized, these quotes will only show you the...
Forum: Newbie Island 04-11-2007, 11:27 PM
Replies: 4
Views: 249
Posted By mugen
There are many posts/threads regarding different...

There are many posts/threads regarding different brokers, including forex.com, in the Rate my Broker section towards the bottom of the forum. You will find a wealth of information there.
Forum: Rate my Broker 04-11-2007, 02:03 PM
Replies: 5
Views: 1,155
Posted By mugen
You will see that disclaimer with many US forex...

You will see that disclaimer with many US forex brokers. As senaka7 said, look for a reputable firm with minimal or no debt on their balance sheet and Fidelity Bond insurance. Fidelity bond...
Forum: Rate my Broker 04-08-2007, 01:26 PM
Replies: 54
Views: 17,473
Posted By mugen
DBFX is a white-label for fxcm. The platform is...

DBFX is a white-label for fxcm. The platform is the same as fxcm with a different skin, your account application is inputted through fxcorporate.com (FXCM owns this domain).

ABN Amro is also a...
Forum: Newbie Island 04-06-2007, 04:48 PM
Replies: 0
Views: 266
Posted By mugen
Stop Hunting

There has been a lot of questions about stop hunting, and what exactly it is.

In general, the larger players/hedgefunds/brokers look to push the price past a certain threshold where there are...
Forum: Newbie Island 04-05-2007, 10:42 PM
Replies: 20
Views: 884
Posted By mugen
Understood.

Understood.
Forum: Newbie Island 04-05-2007, 09:02 PM
Replies: 20
Views: 884
Posted By mugen
A more practical alternative would be to change...

A more practical alternative would be to change your trading style to something longer term that doesn't require you to watch quotes all day while the market is active.
Forum: Newbie Island 04-05-2007, 07:10 PM
Replies: 20
Views: 884
Posted By mugen
That sounds like a great idea, the effort would...

That sounds like a great idea, the effort would certainly be appreciated Groovenator.

I'd be interested to hear about various take profit strategies you have used and the strengths/weaknesses...
Forum: Rate my Broker 04-05-2007, 01:37 PM
Replies: 40
Views: 12,692
Posted By mugen
Sure thing. FXCM: I used to use FXCM....

Sure thing.

FXCM:

I used to use FXCM. I like their platform a lot, more then any other platform I've ever used.

I've only had fair dealings with them, not those horror stories like you hear...
Forum: Rate my Broker 04-04-2007, 11:43 PM
Replies: 40
Views: 12,692
Posted By mugen
I've been happy with both Oanda and FXCM, they...

I've been happy with both Oanda and FXCM, they each have their strong points and flaws. Both are reputable brokers in my opinion/experience.
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