Comments on: Bad news for Euro.

By: admin

admin — Fri, 15 Jan 2010 08:33:32 +0000

You are welcome. I think site is indexed. Maybe not all the posts, but it comes up it searches. After all, it covers a relatively niche area of interest, so it is unlikely to be extremely popular.
Enjoy your summer, even if it could be too hot!

By: Peter

Peter — Fri, 15 Jan 2010 03:48:09 +0000

Thanks Mike.Forex is different to stocks .Steep learning curve when there’s so little available to teach intermediate -advanced principles of the platform with screenshots of OANDA .I’ll persevere.

Thank’a for clearing up the point. It was just the “rule of three” or simple cross-multiplication .

Hope it helps others when Google indexes forexmadness.com

Best and Greetings from Sydney,Australia on a hot Summer’s day(Gee ,I miss Los Angeles !!!! -:) )

By: Rates are appropiate. | fxmadness.com

Rates are appropiate. | fxmadness.com — Thu, 14 Jan 2010 17:03:51 +0000

[...] central bank meeting. This worked very well for my EUR-GBP trade outlined just yesterday in the Bad news for Euro post. Short entry happened at 0.8913, with an objective of 50 pips. Market rebounded at first, but [...]

By: Twitter Trackbacks for Bad news for Euro. | fxmadness.com [fxmadness.com] on Topsy.com

Thu, 14 Jan 2010 15:45:03 +0000

[...] Bad news for Euro. | fxmadness.com fxmadness.com/2010/01/13/general/bad-news-for-euro – view page – cached This blog goes where few traders dare – the exciting world of Forex outside the [...]

By: admin

admin — Thu, 14 Jan 2010 15:08:46 +0000

They are saying you must select one of the options. However, that doesn’t impose that you must trade at this margin. If you have account set t0 50:1 option, with $2000 in it, at the most you can trade $100,000 position size. But you can elect anything smaller. In your example, 3:1 would be $6000 trade size. If you want to you can trade only $11 dollars, $196, or $44,444, any size lower than $100,000 maximum with this setting.

By: Peter

Peter — Thu, 14 Jan 2010 09:21:00 +0000

Dear Mike or anyone else ,

I have this letter from OANDA today :

It has me confused . I know the true leverage (TL) is different from the broker leverage (BL) .For example if I have $1000 in my accoynt at OANDA’s 50:1 leverage option putting a trade of $40 gives a 1:1 effective leverage .

Here is the letter :

Short Description: low leverage option
Hello Peter,

Thank you for contacting OANDA.

The lowest leverage offered is 10:1 . leverage below this is not offered by the company and exceptions are not made for individual users. Additionally the platform does not offer trading off-margin as there is always a margin requirement on every trade placed on the platform and that is determined by the leverage selected.

Should you have further queries do not hesitate to contact us.

Kind regards,

OANDA FXTrade Team

If I have a 50:1 OANDA setting for Broker Leverage (BK) and I have $2000 in my account what trade amount do I need to have a 3:1 effective leverage (EF)?

Can you(or anyone else) show how to work it out ?

OANDA forum is confusing and so is OANDA’s letter to me today?

Thanks for taking the time .

Best ,
Peter
Sydney,Australia

By: admin

admin — Thu, 14 Jan 2010 07:56:52 +0000

Depends on how advanced you want to get. For most relative bigginers I’d suggest John Murphy’s “The Visual Investor” and William O’Neil “How to make money in stocks”. These are broad in scope, but very educational.

By: ddd

ddd — Thu, 14 Jan 2010 07:10:49 +0000

Mike, what are some of the better books you read on trading? I’d like read them, too, if possible.

By: admin

admin — Wed, 13 Jan 2010 22:00:07 +0000

IF 0.8850 is broken, yes daily charts will be used. But it is not a done deal yet.

By: Andy

Andy — Wed, 13 Jan 2010 19:48:57 +0000

We’ve had good time with eur/gbp recently. I just follow you, that’s why I say “we”. So when 0.8850 is broken, it will be daily charts?