The £/$ rate is fluctuating from 1.48-1.50 quite a lot. If you had a reasonable amount, say £10k, is that enough of a swing to make anything?
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Originally posted by MaryPoppinsOriginally posted by vetran -
that's not necessarily the price you will pay + fees. The concept is right though, buy on the low point of the spread and sell high and monitor for break outs from the spread which you should cover via a stop loss.Originally posted by d000hg View Post
Open a trading account and give it a go ... -
Originally posted by Jeebo72 View Post
How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
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The concept of buying and selling is not the question here.Originally posted by Jeebo72 View PostOriginally posted by MaryPoppinsOriginally posted by vetranComment
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To directly answer the question - yes, 200 pip swings with £10k at 100x leverage is more than enough to make money on.Originally posted by d000hg View Post
FXCM's cable spread is 3 pips, so anything more than that can technically make "anything".Comment
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Dirty Spekulants - the lot
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Rumour has it that the krauts are going to quit the euro on Friday and reintroduce the Mark.
How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
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Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%
"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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Without experience, you may aswell ask Cartman to push the buttons.Originally posted by Jeebo72 View Post
Oh, the answer to the original poster's question is: dealer's spread + 1 pip is the smallest swing you can make money on.
How you leverage that depends on how sensible/stupid you are.Last edited by SantaClaus; 12 May 2010, 23:48.'Orwell's 1984 was supposed to be a warning, not an instruction manual'. -
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The good thing is that, when the stop-loss calls kick in, they can take everything you have and you're left with nothing other than the clothes you stand up in.
Or is that the bad thing?
Either way, it's probably safe to assume that if you have to ask, you shouldn't do it - just like joining a cult, you'll end up signing over everything you own for a purse of pixie-dust that you must never open. Although you won't get the purse of pixie-dust.Comment
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