FOREX Info

[Gene]

Hi,

I see that many people are talking in this forum about FOREX.

Maybe some of you trading FOREX are paying too many pips and/or experienced ask/bid spread manipulation by some brokers or slow execution. As you know, the NO COMMISSIONS advertising for FOREX is a lie. You pay pips. And is important how many you pay in a year! It can make the difference between a nice profit and loss.

I found a broker with a fast execution, ONLY 2 pips for EUR/USD, up to 4 pips - never more for other currencies pairs. And no manipulation.
And they have an API allowing to use their FREE data in third part trading softwares.

I have no idea if MTP is also able to use their data. If not, I think Steve must look into this, because MTP associated with this broker offering free data, 2, 3 or 4 pips only and very, very fast execution is a win-win situation, making MTP an attraction for FOREX traders and for potential MTP clients.

With only 2 pips and almost instant execution, you CAN DAYTRADE FOREX. Their trading platform offers 1, 5, 15, 30 minutes, 1 hour, 4 hour (a great time frame to trade FOREX used by banks), daily, weekly.

The link is www.interbankfx.com

Best regards,
Gene

[Tony Beckwith]

Thanks for this Gene - we will be looking into Interbank FX's offer.

Tighter spreads and quick fills are what we want!

Tony.

[Gene]

Hi all traders,

if you are interested, since Oct 2004, there is a FREE subscription magazine for FOREX and Currency Futures traders. The magazine - CURRENCY TRADER - is in Adobe Acrobat PDF format - digital. Any trader can read the magazine over the Internet.
The link is www.currencytradermag.com

There is a similar FREE magazine for OPTIONS traders - OPTIONS TRADER - since April 2005.
The link is www.optionstradermag.com

You probably wiill find something usefull, especially new traders.

Have a good trading.
Gene

[jswin]

Can I ask whether you guys looked further into interbank FX? It does look pretty good and, as I am a beginner, the Micro mini lots have some appeal too.
Cheers