Forex rebates on every trade - win or lose!

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.

LONDON(AFX) - The dollar held on to its recent gains in early trade, with euro-usd settling under the 1.24 level after the European Central Bank cranked up the volume on the euro's strength, analysts said.

'A near constant barrage of verbal intervention by European officials last week combined with healthy US economic as well as net flow data gave new life to the dollar,' Frank Gong, strategist at Bank of America said.

The latest assault came from Austrian central bank governor, Klaus Liebscher, who called on the US to live up to its strong dollar policy.

'I welcome US Finance Minister John Snow's occasional statements that he is

interested in a strong dollar. I hope that this commitment is credible,'

Liebscher said in an interview.

ECB president Jean-Claude Trichet, chief economist Otmar Issing and Bank of France head Christian Noyer have all voiced concern over the damaging effects of a rapidly rising euro.

But with US markets closed today to mark Martin Luther King day, volumes are expected to be limited. Tomorrow, attention will focus on the US earnings season and US president George Bush's State of the Union address.

Dresdber Kleinwort Wasserstein analysts pointed out that there is also a

good deal of 'political event risk ' within the euro zone this week.

The euro group meeting today, the EU Finance Ministers meeting and ECB governing council member Otmar Issing's testimony before the European

parliament tomorrow and the World Economic Forum in Davos starting on Wednesday; may all provide direction for the currency market, they said.

'The ZEW survey out of Germany -admittedly not usually a forex market mover - is likely to meet with particular interest this month, as it could provide one of the first pieces of survey evidence that the euro-rise is having

adverse effects,' they said.

West LB analysts expect the dollar to stabilise after last week's gains.

'Negative dollar sentiment is likely to return although market participants will be more cautious in selling,' they said.

The US current account deficit is still a worry despite Friday's capital flow data which revealed foreign buying worth 82.5 bln usd in November.

While this data is strong, it does not compensate for weak inflows in the previous two months, West LB analysts said.

Players sold the euro in the past week due to the very one-sided positioning but the overall sentiment has not changed, they said.

The yen was weaker against the dollar but with no convincing indication that the Japanese authorities have been intervening to weaken the yen.

Kamal Sharma, strategist at Commerzbank, said several stops were triggered amid the dollar's broader weakness.

Sterling drifted lower amid speculation that UK inflation rates will trend lower, making it difficult for the Bank of England to justify a widely expected rate hike in February.





London 9.26 am Singapore 2.30 pm



Dollar



yen 107.36 up from 106.57

sfr 1.2696 up from 1.2666



Euro



usd 1.2372 down from 1.2385

stg 0.6900 up from 0.6889

yen 132.75 up from 131.96

sfr 1.5696 up from 1.5684



Sterling



usd 1.7926 down from 1.7983

yen 192.05 up from 191.55

sfr 2.2737 down from 2.2764



Australian dollar



usd 0.7560 down from 0.7590

stg 0.4230 up from 0.4219

yen 81.16 up from 80.88