Forex rebates on every trade - win or lose!

Fwiw, I opened an account with IG about 6 years ago. I funded it which allowed me access to their secure area. Once there, I didn't like what I saw so I rang them up straight away and asked that they gave me my money back and close the account.

why not close the cfd account and open a spreadbet account instead with ig. I bet the spreads are the same. You will be betting in pound per point then and you won't have these problems.

Hils,

Now I understand what has been happening I fully agree with your comments re pairs, Im now having to watch four GBP pairs to try and exit at the best time - good grief!

CC

Fully intend to close the CFD account when I have extricated myself from this situation, no more FX CFDs for me, SBs instead.

pth

Cable... 2.0450-60 might be enough of a rebound for a while..

:-) quess so....

he posts to himself...

f, got that area spot on

fx fairies on holiday?

Sorry FXers, been travelling back from California over the weekend (business, not holiday), haven't had time to update the calendar. I also need to work out how Hil has imported this new format . . .

On edit: sorted -- new Calendar imported.

Who's a clever little fairy :)

choccy....glad you are posting here...

looking fwd to you picking those tops/ lows again
(5-10 pips divergance allowed...as a special concession lol )

Hey! Ladies!

Check out: http://news.bbc.co.uk/....senility stuff

Just off for a coffee, then......now....where's the kitchen?

Well should have hled onto that Cable short for longer....

USD / Yen looks like getting ready to retake 120..

seems to be alot of divergence on 4 & 1 hourly charts

foale... that 120 goal was only 15 points shy.. well done!

thanks SM

staying with that Yen long for the moment...
not much movement over night...

whoops...stopped out of Yen...

LONDON (Thomson Financial) - The yen rallied hard from two-week lows against the dollar on the news that France's biggest bank has frozen three asset-backed securities funds.

Analysts said the move by BNP Paribas has provided a reminder that the sub prime fall out story has further to run and concerns clearly remain about the prospect of forced liquidations into an unreceptive market place.

The yen has been the main beneficiary from the BNP fall-out as it had been under pressure from the renewed appetite for so-called carry trades earlier.

'Markets are taking this latest news seriously with the risk appetite on the back foot and the yen sharply higher with swap spreads also back on the ascent,' said David Corbell, analyst at IFR Markets.

Carry trades had been back in vogue as stock markets around the world have recovered following this week's rate-setting meeting at the US Federal Reserve. Though the FOMC did not indicate that borrowing costs will be falling any time soon, it painted a relatively positive picture about the US economy.

'As risk appetite has returned, the dollar has come under renewed pressure against most major currencies, with the notable exception of the yen, which has suffered as carry trades have resumed,' said Mitul Kotecha, head of global foreign exchange research at Calyon.

The yen has suffered on the foreign exchanges for much of this year on the expectation the Bank of Japan will not aggressively raise interest rates any time soon, thus allowing investors to borrow at the super-low rates in Japan in the pursuit of higher-yielding rewards elsewhere.

Analysts said risk appetite and developments on credit and equity markets are likely to remain the main drivers in currency markets over the rest of the week given the dearth of major economic news.

'The fundamental picture still suggests dollar weakness will continue, while the pick-up in risk appetite increases pressure on the dollar further,' said Gavin Friend, currency strategist at Commerzbank.

As a result, he expects the euro to test its all-time high against the dollar of 1.3852 usd ahead of the weekend.

Other analysts remain more positive about the dollar's prospects though.

Calyon's Kotecha thinks that the euro looks 'extremely overvalued' against the dollar and doubts that the single European currency can sustain its gain over coming months as relative growth and interest rate differentials become less favourable.

Ddespite the slight pick-up in risk appetite, Kotecha thinks the the general environment of higher risk aversion is likely to persist for some time.

'The dollar will benefit from safe haven demand given its strong correlation with risk aversion,' said Kotecha, who expects the euro to end the year at around the 1.32 usd mark.

stg/ Yen provides some lol..volatility last week....
that was a wild ride. Never really time to post with all that was going on...

Will post more this week...especially if others would keep me Company...


Info: .for those using FXCM..there is an upgrade allowing for 1 click trading...
possibly other things too...allow time for downlaod installation and customising..as you cant use the software til you have done it..

foale..
I have been in and out of the yen all week, took a real smack twice, got it all back but yep - what a ride!

Interactive Calendar updated by the Forex Fairy in Hil's absence -- you know what they say: absinthe makes the heart grow fond. Absinthe -- also known as la F Verte "the Green Fairy" ;-)