ForexTrading.com

I saw in some of the forums ForexTrading.com was mentioned. This is actually my broker and I wanted to clarify a few points. The spreads for a small account is 2.2 pips for EUR/USD for a small account and can be as low as 0.8 pips for large investment (it is beyond my financial strength).

The broker is not designed for scalpers that target 3-5 pips profit but if you wish to grab over 20 pips per trade I think it is a fair spread, knowing they are fully regualted and owned by Saxo Bank so your investment is safe with them.They use the MetaTrader4 where you can trade in many currecies aside the majors such as TRY, MXN, RUB, ZAR etc.

They recent added indices and commodites. Besides the leading insturments they also have Live Cattle, Brent Crude Oil, Heating Oil, Ibex35, SPMIB etc. I like having a great amount of assets because it helps spread my risk. I am statisfied with them as they use the MT4 and had no issues with them since I opened the account 2 months ago.

If anyone is trading with this broker let me know what you think.

I don't know why I this thread is in the commercial forum... ForexTrading.com are now working with ZuluTrade and Currensee.

http://www.forexfactory.com/attachme...mentid=1071251

Citi notes bullish breakout for USD index and it's very similar to the one seen in April-May this year. The bank says the focus today, as then, was on 80.20 and that has been breached, a close above here tonight will cement a bullish break. When the same happened in May, the index rallied to 83.54 which would be 3.7% above current levels. Citi says converting that move to EUR/USD would put it down on the 1.23 handle.

EUR/USD




Greece looks to be re-emerging as a key EUR driver, with parliament due to vote on reforms Tuesday and the budget Sunday. "While our economists expect this to pass, it will do so only narrowly, and expect uncertainty to reign high," says Morgan Stanley. Separately, Commerzbank says Greece needs to find more than EUR5.6M to service debt in November, noting a decision on further aid or haircuts is therefore unavoidable. "The previously popular tactic of simply postponing the decision is not suitable this time round," Commerzbank says. That suggests increased near-term uncertainty for EUR, it adds. With the October low of 1.2803 breached there's scope for a move as far as 1.2748-1.2738 Commerzbank says.