July 9, 2007

FXCM’s No Dealing Desk

Posted by : Colin McGinley
Filed under : Brokers

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 [...]


March 27, 2007

Are you trading with the right broker?

Posted by : Colin McGinley
Filed under : Brokers

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 [...]


January 4, 2007

Forex brokers: friend or foe?

Posted by : Colin McGinley
Filed under : Brokers

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 [...]


October 21, 2006

News trading

Posted by : Colin McGinley
Filed under : Brokers, 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 [...]


October 15, 2006

Rangebound

Posted by : Colin McGinley
Filed under : Brokers, Journal

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 [...]


Recommended Product

    Bird Watching in Lion Country

Recent Comments

Recent Posts

Blogroll

Forex Resources