If you really do want to risk a long then AUDJPY seems like a better choice to me.

Thanks for the explanation. So it's not a true market because you are dependant on the banks to give you a price. It's better when you can see other retail orders on the book because many times you'll get a better price than the banks.

That is not true. MB trading & LMAX are true ecn's. you can see yours & other retail users orders in the market depth.

The pepperstone edge account where you can see the market depth, is it a true ECN? I mean can you see your own bid/offer on the market and other retail users can hit those? Because if it's only the banks orders you can see it's not a true ECN. They ...

301x - 304x was major support level. 2 month Low. It's too early for a short IMHO. But good luck.

Can someone please post the daily chart for EURUSD? My chart app is showing weird data. TIA

What a boring day. I am looking for retracement after Monday's carnage. Flat for now but Yen crosses have the most potential IMHO. In any case here have a laugh Interviewer - What is your biggest weakness? Candidate- Honesty Interviewer - I don't ...

Dammit EURJPY keeps kicking my butt but the swings are sooooo goood.... I am addicted.

G7 official statement on Reuters. Saying Japan and Yen devaluation will be in the spotlight.

This is a good move to fade. I am a seller into rallies. Wait till after NY option expiry and it will drop like a rock.

I'll check with their support desk and post the answer here.

Any one got LMAX to give discounts on the commission rates? How many contracts do you need to trade per month before they give discounted rate?

Anyone got the daily pivot numbers for today?

You are right. I stand corrected

I stand corrected about the double counting of the spread. However the math still checks out Take your own example MBT Bid: 1.27500 MBT Ask: 1.27511 Spread is 1.1 pips. Therefore if you place a buy market order, the best price you will get is 1.1 ...

It is round trip. You pay the extra spread both when you open and then close the position. Seriously? I posted the exact math and yet... Lol it's funny I wrote my post so that someone might save a few bucks in trading costs and add to their bottom ...

You can see the average spread on mbt free exn and many more brokers on this website url This is the same website that MBT uses on it's own website to compare spreads. Here is a comparison of the average spread in EUR/USD on Free EXN vs Pay for ...

Instead of making stupid nonsense statements why don't you disprove my maths?

The Free EXN plan is more expensive than just paying the commission. Do the math. Take the EUR/USD on free exn. The spread is usually 1.1 pips on MBT Free Exn. Now you can easily find brokers who have 0.3 pips spread on EUR/USD. Effectively you are ...

I am going long with target being to close the gap.