Forex rebates on every trade - win or lose!

I've been using the news feed from the FXCM trading software and it is proving extremely useful. Regular updates (as above) on the outlook for different currencies as well as detail of their current positions.

You can get the trading station software by registering for a demo account and then download the news plugin for free.

Yes, sorry all wrong thread, that's why I could't find it before.:-))

dclinton; I used to be a foreign exchange broker in the '70s in london and hong kong. v$ was the first of the 'fully convertible' currency exchanges, and trade started in it before phone, or internet, and the only method available was via 'cable' When i started the rate was 3.40, and at one time it did for a brief period get to parity with the us$.
For a couple of years i ran the 'link line' to all our eastern offices, Bahrein, Hong Kong, and Singapore. About 100m would be traded down one phone line from 07.00 to 14.00. Aged a little i seem to remember.
hope this answers your question.

prodman - r u on the right thread?

dclinton - you r talking to yourself!!

Amyone worked out the pivot, support & resistance points on to $??

Thanks beeblebrox. I knew there'd be a historical reason for it.

Sue - yes, a bit quiet here today.

Errk, the is pulling back a little. I've raised my stop to $1.8390 and closed out half my position to limit my loss. There seems to be support at around 1.8440, though, and 2-day support at 1.8400.

Yes, quite a pullback now at the US open.

I've had umpteen quotes up today and every time I've backed away from pressing the button. I can't explain why .......... just not really comfortable, I suppose.

Instinct tells me to sell the break of the rising support line of the GBP and EUR against the USD. But on a Friday lunchtime at the end of what's been a very good week????? Think I'll come back on Monday and see what it looks like then.

what's up with you girl, wanna sleep at night......
made a bit this week on stocks, dont want to give it back now on forex,
but tempted - cable must be female.
biggest weekly rise for a while - would've thought a correction due, but
sitting on hands for now.

Beeb,

I might be tempted to trade in about half an hour.

Btw, I never have a problem sleeping at night.

:o)

Well, my stops got taken out at 1.8390. Looks like a lot of profit-taking in the US session on a Friday afternoon.

That's a high formed overnight on the Asian markets on the GBP/ & EUR/USD crosses. It enables a nice 2-day resistance line to act as a stop for shorts.

Cable just needs to move below Friday's low and you'll be able to turn the lights out for a few hours.

:o)

8230 resistance at the moment, will it get back through?

eezy peezy - next stop 183ish

Spaceman,

Broken the 2-day downtrend, but it might be ranging. 1.8289 was the overnight high.

F**k does it move quick....

EUR's broken. GBP should follow. Candy and babies or is that tempting fate?

Spaceman,

It's the stops being triggered that moves it so fast on the break.

H 8230 looks like support at the mo. I am not sure I have the guts to trade FX for long...

Relax S. It's only money.

:o)

H good point !

are we stalling here - 182.60
if i had balls i'd be going short soon, but daily pattern over past few weeks has shown strength in the morning session, 10.00-12.00. not gonna play just yet,
it is monday after all....

Spaceman.....knows hilarys watching, and likes to impress the girls