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Managed Forex Accounts
The Merchant
#41 Posted : Tuesday, September 14, 2010 10:59:04 AM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
Mitaji wrote:
To all traders, please be careful trading this week. This week is quadruple witching week. So we may get high volatility especially on friday 3.00-4.00 pm ET.I would rather stay out of the market Thursday and Friday.

smile We will surely be on the look out bro!smile
Mitaji
#42 Posted : Wednesday, September 15, 2010 7:57:17 PM
Rank: New-farer

Joined: 9/6/2010
Posts: 12
Japan intervenes!!! If you turned on your screens today morning saw USD/JPY, you were probably like wtf! BOJ intervened selling their own currency. Looks like they have drawn the line at 83.00. I would be careful touching this one folks. Bank of Japan have got plenty reserves but the markets have deeper pockets.... may last a while.
mlefu
#43 Posted : Monday, September 20, 2010 9:05:24 AM
Rank: Elder

Joined: 2/11/2007
Posts: 1,680
Location: nairobi
between fxcm and fxdd, which is more appropriate to risk trading with?
The Merchant
#44 Posted : Monday, September 20, 2010 3:42:12 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
mlefu wrote:
between fxcm and fxdd, which is more appropriate to risk trading with?

Both are good but FXCM is a larger firm which makes it a better broker as they have to protect their image very much. However I find that FXDD has much better customer service.
emlyn ngwiri
#45 Posted : Thursday, September 23, 2010 6:16:40 PM
Rank: Member

Joined: 8/12/2010
Posts: 129
Location: nairobi
And their trading platform? is it user friendly or permit the use effective trading software signaling aspects? i am asking because some trasing platform use complex platforms that take ages to understand.

cms fx has a platform that also includes the south african rand paired against the dollar ... how about that?
The Merchant
#46 Posted : Friday, September 24, 2010 12:00:05 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
emlyn ngwiri wrote:
And their trading platform? is it user friendly or permit the use effective trading software signaling aspects? i am asking because some trasing platform use complex platforms that take ages to understand.

cms fx has a platform that also includes the south african rand paired against the dollar ... how about that?

Well FXDD uses MT4 platform which is quite useer friendly.
The Merchant
#47 Posted : Friday, September 24, 2010 12:06:13 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
FXCM also has the usd/zar pair but it is a very volatile pair.
emlyn ngwiri
#48 Posted : Friday, September 24, 2010 12:38:55 PM
Rank: Member

Joined: 8/12/2010
Posts: 129
Location: nairobi
@The Merchant How many pips have have you confidently made in one trade and what fundamentals did you use to place the trade. also what lots did you use?
The Merchant
#49 Posted : Friday, September 24, 2010 1:13:19 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
emlyn ngwiri wrote:
@The Merchant How many pips have have you confidently made in one trade and what fundamentals did you use to place the trade. also what lots did you use?

I trade 3 pairs currently: eur/usd, gbp/usd and usd/cad. Now the first 2 i mostly use technical analysis relying heavily on those that determine entry positons and exit positions eg MACD. I trade the second pair 80% fundamentals. Canada is the largest exporter of oil to the USA so any change in the price of oil no matter how slight affects this pair. It is my commodity pair. If one does not have the guts to do commodities i suggest this pair.
The most pips confidently in one trade is 100 pips which I achieve (rarely though as my average is 30) by moving my take profit points with a very successful trade. Any profit above 100 pips is rare and I consider myself lucky if I score that. I am considered very conservative by other traders though but that is how I prefer to trade.smile
mlefu
#50 Posted : Monday, September 27, 2010 6:21:33 PM
Rank: Elder

Joined: 2/11/2007
Posts: 1,680
Location: nairobi
Quote:
cms fx has a platform that also includes the south african rand paired against the dollar ... how about that?
....
have run an expert advisor on cms and i think its far much better than fxcm only on capital base..i have been on this demo for 5 months and i am thinking to go live..let me hear the positives.
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