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PB,

8 pips EUR/USD
8 pips GBP/USD
15 pips USD/JPY

You can get much better off some of the guys in the header, but there's also the age-old tax free argument to consider.

thx hils, nice legs again, not aged at all in 6 months, new pic needed i think:)

sorry playboy, you need to be a regular on this thread to get the latest pictures - they're doing a euro - going much higher (dreaming again)

I could be tempted into a long @ 182 10 ish, and that's not far to go
gonna leave the euro till after figs

Yes New Pic's Please Hunny Bunny ;-)

Cor look, you mention hils pics and even the professionals speak up and come out the wood work:)

Mr Boyse. I think you should get back to your LGEN. I doubt the pictures would interest you (much).

It's too cold for legs at the moment boys. I've got them wrapped safely under a pair of .....



:o)

is PVC an epic or leg covering ?
never got to my 182 10

Ok Guys - enuff porn!

I now have a CMC spreadbet account set up. My next question is - If you place a 1 bet on say /$ rolling cash - what is the actual amount you will be charged ineterest on? is it 18,762 (or whatever)so to hold overnight would be approx 3.60?

Thanks

Next question?

sue---if it is a long term position you are maybe better using a quarterly bet as they do not charge interest--at least i do nto think so but notjing would surprise me with them.
T

Treble thanks - no not a long term bet - but possibly a few days - I just wanted to know if the size was 18,000 (ish)


maggot - thanks- very helpful.

Euro FX March 04 on ETrade, 1 or 2 ticks, why bother elsewhere?

2Abbey, if you don't mind what is account opening amount with ETrade?
What is their margin and smallest bet on Fx? Also when/if in profit can you run "limit gains" quite close? (easier at some of the spreadbetters than others)

I believe it is on their website. I have to admit I do not currently do FX as some of the wild swings put me off.

One contract has a nominal US Dollar value of about 155,000, of which the margin requirement is 2%, or 4% at the weekends, something to watch. This translates to 3100 USD. Theere is a transaction cost of 9.11, unsure of whether this is USD or GBP.

My comments concern trading at 8 tick spreads which seem a lot.

I did open an Interactive Brokers account but did not fund it since it involved transfers of funds that were not available for use for a number of days. This seemed a waste of time in the event of a margin call. Also back-up seemed to be by email to Switzerland. I thought better of funding the account at this time although I hear that the transaction costs are in the region of 1.70 which seems very good.

As for limits and stops I think they can be placed very close. I trade DAX futures and usually enter the trade on a limit bid which I usually place very near the current market price. Spread on the March Dax is of the order of 0.5 points, somewhat better than the Cash spread. Each lot is 25 per point

thanks 2Abbey

Sue - if you buy 1/pt on /$ it is actually a short transaction (as you're selling dollars against your pound account) so they pay you!

However, the actual amounts are tiny - a few pence.

Doug

Trying to get my head round this s/b account with CMC

The only downside is tying up the capital until the future expires, but such is the case with any arbitrage, I suppose. Also, haven't checked the divergence in the past couple of days since the drastic pullback.

E-Trade charge 9.95 flat commission per FX trade ie. 19.90 to open and close.

For smaller positions, the spread firms are certainly more competitive. For larger positions, you've got to weigh up other considerations such as the age-old argument about the tax free aspect of spread betting.