Forex rebates on every trade - win or lose!

Page 3 of the FT!! That Clara Furse!!! PHWWOOAAAARR!!!!!

Hils, re: Gieve's remarks -- does that still mean I'm Doomed or not, ye ken?

Of course you're still doomed. Choccie and I will make sure of that.

:o)

Afternoon peeps

Just a quick question. I'm out of touch with current opinion on fx brokers. Considering the likes of fxcm, oanda, cms, cmc etc, are there any to make sure I avoid or are they much of a muchness?

Thanks
Rob

Rob, think its goforex that has a review of fx brokers(mainly american) and they sound much the same, all pretty negative.

Still short from this am, tight stop, but like the look of the 4hourly chart

Just for you Hils ... more along the lines of "eats nibbles and leaves" though :o)

BEIJING (Reuters) - An intoxicated Chinese man who tried to give a panda a hug at Beijing Zoo found himself biting it in self defence after his clumsy attempt at affection was savagely rejected, local media reported on Thursday.

Zhang Xinyan, a building worker on holiday from China's central Henan province, climbed into an enclosure that held Gu Gu, a seven-year-old panda, at Beijing Zoo after the man had drunk four pints of beer during lunch at a nearby restaurant, the Yanzhao Metropolis Daily said.

Zhang, who couldn't remember the incident clearly, had wanted to hug the panda and shake its hand after having watched similar scenes on television.

"When I was in there, the panda was eating bamboo. Then, it seemed some people shouted, which startled the panda. He rushed over to bite my leg," Zhang said.

Zhang, who tried in vain to push the panda away, was bitten twice and forced to the ground, the paper said.

"I took the opportunity to bite the panda's back, but its fur was too thick," Zhang said.

Eventually, a zoo worker sprayed water from a hose to rescue Zhang from the panda's clutches, the paper said.

Both were worse for wear after the tussle. Zhang was rushed to hospital and given tetanus and rabies shots, while Gu Gu lost her appetite, Xinhua news agency reported.

"It was scared by the intruder and refused to eat for one and a half days," a zoo spokeswoman, surnamed Ye, told Xinhua.

But Gu Gu had recovered and was back on display on Thursday.

Zhang, however, faces at least a half-month convalescence, due to the "deep wounds", Xinhua said, citing Zhang's doctor.

His pride had also been injured, after reading stories of his exploits in newspapers.

"I wouldn't have jumped in if I knew what would happen," Zhang said.

The zoo, which plans to install cameras to monitor the enclosure, would not prosecute, Xinhua said.

But Zhang had already been tried and found guilty by Chinese Internet surfers.

"The man should be fined for the trouble he made," an anonymous commentator said in a posting on 163.com.

"He deserved to be bitten."

Oh and I came across this a while back.

http://www.forexbastards.com/index.html

Rob's question made me remember it again.
Felix Homogratus looks a cool dude :S

Thanks 4 that choc, looks interesting, will look more closely when abit more sober in the morning. Stopped out of this ams short for a few and just got back to find I caught a new short while I was out. stop in place, hope you had a good night all, CUITM

The one to watch then is EUR/GBP. Sterling rose to a 10 month biggie last week after UK manufacturing orders rose to a 21 month high. Looks like Gieve's brought the prospect of raising rates forward by a month. Sterling's been close to breaking 0.6704 since much earlier this afternoon.

And if my lines are still good from these last weeks - then cable's found support from today's lows (currently around 1.8990). The hourly MAs might cross down here, or not ;) Dipped the little piggies in at 95 earlier, stops just below 90.

Oops goforit, you sneaked up - well one of us will have a pleasant surprise :)

Morning all, long from 99, stop below 80

Morning SC - no position for me yet

Out -20.

As I see it from my hourlies, my macd turned down on Friday and is now touching the zero line, my ma's crossed and turned down yesterday and the price is now testing the support of the uptrend from last week at around 1.8980 to 1.8990. My stochs are also heading down from overbought levels.

I was probably a bit premature in trying to short it on Friday, but I'm certainly not inclined to buy it at the moment.

Morning All, just up so no trades yet.

morning all, still short from last night. Bit lucky then, was just about to alter my s/l when we got the spike up. Seems to be trickling down the hill slowly. Over the wkend had pencilled in a target of 1.8900, not sure now

choc, dont think I was sneaking anywhere last night, should have come home an hour earlier!

goforit, chocs - thanks

I was expecting a paint drying session till US data later but cable's fallen off the back of a fall in the euro. I think some German data has put the brakes on an ECB rate hike.

Robb...Take a look at FXCM. I've just opened an account with them having been very impressed with their demo platform which you can download for a 30 day trial.

bakko - read the punters reviews for fxcm on goforex, they sound like an american version of cmc

I thought long and hard about making this post, basically because I don't want to get embroiled in yet another "which broker mugs their punters" debate.

I do think though that the problem most punters have is that they take a too short term view of their trade. Anybody scalping for a few pips here and there is always going to have a problem with getting positions away as everybody tries to scramble in or out. Equally, tight stops are always going to get gunned because they're there to be gunned. These scenarios are going to happen regardless of which broker you use.

By the same token, I'm yet to be convinced that CME contracts are the answer either. I've watched one side of the book disappear within a zillionth of a second and the spread open up to 20 or 30 pips. When all of the punters try to trade in the same way at the same time, your broker needs to hedge quickly. If he's unable to hedge, he's not going to let you trade. Simple as that.

I really do think that the only eeffective answer is to take a more relaxed and philosophical longer term view of the market. Then you don't have a problem with brokers. It's quite easy to just take 1 position a day and close out in the evening and it's certainly less stressful. The ultimate reward is to pyramid into a winning position and ultimately close out after a week or more. No broker is going to get the hump with you if you adopt that style. And if you're looking for a trade of 100 pips plus, you're not going to get too upset if you mess your entry or exit up by few pips.