FXCM’s No Dealing Desk
FXCM has been making a big deal of its no dealing desk model, with a press release last week stating that 99% of their clients are now using this system.
As far as I can tell, there is no noticeable difference for the average retail forex trader on the new no dealing desk as compared [...]
Are you trading with the right broker?
To make money at foreign exchange trading you must deposit some of your hard earned money with a forex broker. But which broker do you go with?
There are eight main factors that I like to consider when making this decision:
1. Regulatory oversight
2. Safety of your funds
3. Leverage/Margin/Gearing
4. Lot sizes
5. Interest/swap rates
6. Ease of use [...]
Forex brokers: friend or foe?
The fourth newsletter written by Dirk du Toit deals with the very thorny issue of forex brokers.
If you want to have a long lasting, fruitful relationship with your broker then you need to be see things from their side of the fence. While your broker shouldn’t be out to screw you over (and any [...]
News trading
Dirk has released his third newsletter; this one deals with the resurgence in news trading as the best way to make easy bucks in the forex market. You can read the newsletter here.
I certainly came across enough of the news trading marketing from the trading marketing wizards to have my curiosity peaked. I [...]
Rangebound
The euro remained relatively rangebound for the rest of the week.
On at least two different occasions I contemplated closing my lowest open position for a modest 30 pips profit, but refrained on both counts afraid that if I did so I would miss a big up move. Of course, in hindsight now I should [...]
