Forex rebates on every trade - win or lose!

Well I'm long from yesterday and I've been adding as it's been rising. Can't decide whether to cut and run into a rally or hold and add more. Decisions, decisions.

:o))))))

i thought 185 was quite enuf for today

Beebs,

I'll be surprised if it doesn't retest the 18500 again today.

dclinton:

If you're about, Andy Greener sends his regards . . . ;-)

have a quid with you hils on that

Last of the big spenders, eh Beebs?

:o)

My mind has been made up for me as to whether to cut or hold ....... I've lost my charts for the 2nd day running, so I've cut.

caviar and champers tonight you clever girl...


hmmmmm, now what shall i spend my on

Actually no ..... it's Chicken Korma for four and a few glasses of Chablis. And I wouldn't spend that 1 just yet if I were you ..... the bet's not over till 17:00 EST ....... it ain't over till the Fat Lady sings and she's not in her dressing room yet.

:o)

Hilary,....darling.....sweetiepie...

may have to reduce my exposure to you
very, very, soon..........

Do you need my address for that 1?

:o)

that was a bit close,
happy now though

cable's definately female,
gonna tease me for the rest of the day

well, well, well,
ftse - back to pre figs now
dow - ditto
cable, +270

I know this is a dumb question but you have got to start somewhere...

Hilary when they say you are long/short on the cables what does that mean...

(stupid question over from someone who has never traded currencies)

Beebs,

It's designed to lull you into a false sense of security.

Paul,

The Cable is the GBP/USD cross. Being long means that you've bought the GBP/sold the USD and want it to go up. Vice versa being short.

Hilary, thanks

Will start to follow this thread but know very little about currency trading apart from the fact I follow the cables because it impacts on some divi equities and hedge funds priced in dollars (most of them)

Paul: Also, Cable -- and other crosses -- affect UK corporate profitability in ways that are hard to predict. This has all the usual knock-ons. There is a myth, perpetrated by popular financial commentators, that a strong pound "makes our goods more expensive abroad, particularly in the American market". Complete rubbish. If you deal with corporate America, you price in dollars and stick to it, and take your lumps on Cable. Otherwise the American competition gets the sale.

'scuse me girlie, need my address ?

'twas a bit tight there for a while though,

have a good w/e,and play tennis as well as you played cable

lol

Tellon. I've been reading the posts - did you take a big hit?

I closed out very quickly after the results, I was very sure and very wrong.
Not to bad a loss in the end but a loss none the less... Leson Learned.

commiserations tellon,
knew it had to turn soon, and
surprised by your post after my
earlier ramblings. i was nursing a bad ftse
position at the time of the figs, so didnt
trade it. think our leader made a penny or two,
our turn next time. have a good w/e.