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Need advice on lesser traded pairs

  • #1
  • First Post: May 10, 2007 10:26am May 10, 2007 10:26am
Do any of you trade pairs like:

 

  1. USD.HUF
  2. USD.LVL
  3. USD.MTL
  4. USD.PLN
  5. etc.

If you do, then where do you recommend accounts for this? I appreciate the help.

DRT

  • #2
  • May 10, 2007 10:30am May 10, 2007 10:30am
Quoting DownRiverTrader
Do any of you trade pairs like:

  1. USD.HUF
  2. USD.LVL
  3. USD.MTL
  4. USD.PLN
  5. etc.

If you do, then where do you recommend accounts for this? I appreciate the help.

DRT

Try Fibo Group

www.fibogroup.com/pages/286
  • #3
  • May 10, 2007 10:37am May 10, 2007 10:37am
Oanda has some exotics, such as THB, ZAR, MXN, HUF, HKD, and various Kroner. They also have Gold and Silver. Also, Interactive Brokers have some of these same exotics as well.

The problem with exotics is the spread is huge because of low liquidity, and the leverage is often limited to half of what is usually offered (ie: if the broker offers 100:1, they'll most likely offer 50:1 on exotics).

Playing with exotic crosses can be very risky, not only due to the high spread, but because they often go nowhere for weeks, then turn on a dime.

Good luck!
  • #4
  • Last Post: May 10, 2007 10:45am May 10, 2007 10:45am
Thanks. This would be for some rather long term postions.

Quoting bluebuddha
Oanda has some exotics, such as THB, ZAR, MXN, HUF, HKD, and various Kroner. They also have Gold and Silver. Also, Interactive Brokers have some of these same exotics as well.

The problem with exotics is the spread is huge because of low liquidity, and the leverage is often limited to half of what is usually offered (ie: if the broker offers 100:1, they'll most likely offer 50:1 on exotics).

Playing with exotic crosses can be very risky, not only due to the high spread, but because they often go nowhere for weeks, then turn on a dime.

Good luck!
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