Forex rebates on every trade - win or lose!

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.

Beeble, Was a bad call on my TA, Really thought i found something. You learn something every day.

You too.. Good Weekend everybody in fact...

Hello All, Hope your all enjoying your weekends. Im going away wednesday for 2 weeks and thought I might catch up on some reading while im sunning on the beach. Anyone recomend any good Forex books?

Tellon,

I don't think it matters whether you're trading Forex, a large cap, a small cap or a commodity ......... imo, the principle is still the same. I suspect that you might be better off with a book on either TA or trading strategy rather than a book on Forex. Just an opinion and I hope that you have a good holiday.

For another opinion, should you really be reading books about work whilst on holiday? Shouldn't you instead be eyeing the girls on the beach, or bashing the fresh powder or falling off a bar stool in a drunken stupor? Enjoy.

:o)

Hi Zarif,
I see you have been intoduced to FOREX my maggot can you help me to understand how to trade in Forex and how to deal in this trades.

thanks
Kith

Thanks Hill, I totaly agree with your opinion on the TA. I think TA is the same no matter what market but i feel as if im lacking in some of the forex fundamentals. I have got myself a couple of primer and economic books for my hols, I think the fundamentals are very different and much more important than in shares.

Dont worry I will only be reading at those moments when im on the beach recovering from the night before. Unfortunatley The market is more than a job its something I enjoy.. Sad I know..

shorted this cable thing at 45....

Beebs,

I owe you a quid.

:o)

Looking for an assault on 18750 over the next few days.

stopped out -50..only a wee tiddler

MM - You work with Andy? Give him my regards.

Its gone 10. Need someone to switch on the dollar selling machine

ranjith: regarding forex. If u want send me an email and exactly what instruments u want to use to trade fx.
email me on : zarif_virmani@hotmail.com

i will try and help u as much as i can.

rgds
zarif

Looks like the high might now be in place. If this unwinds over the next few hours, the world and his wife are going to be looking for a bottom so that they can go long.

Looks like some selling has begun. Hopefully will break 1.2300 - 1.2275