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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
yes CMC at least is not cheap. I would not trade CFDs on rolling contracts with CMC. CMC has some strength trading spot markets .
Ashraf,
In that case please feel free to delete my post re Go Markets brokerage.
Dave, I work for CMC as a strategist. Im not in marketing. it is not my "private enterprise"
Ashraf
I was used to enter stop or limit (buy or sell) , stop loss and take profit in one order form,
or alternatively to stop loss, trailing stop. Also CMC has very high spreads on so called "exotic"
fx pairs such as NOK or SEK pairs, or sometimes very profitable eastenr Europe currencies such as HUF CKZ PLN, and TRY.
If its a classic account you seek for MT4 platform take a look at GoMarkets in Aus. They are STP and with keen spreads generally. I have found they are better than Alpari and Forex.com not to mention the range of spreadbet brokers we have in uk. I use GM for intra day plays and spreadbetters for longer term positions. Alpari can offer classic and pro accounts with or without MT4. Forex.com are encumbered by the new US regs. Alpari have added a range of commodities and indices but I would place them alongside the spreadbetters for typical execution unless you take their pro account.
I realise the subject of brokers is a mine field all of its own. Personally I like to spread margin across about 8 outfits as my trust going forward is around about zilch.
If you haven't managed to find value here why don't you F/O from this forum which is obviously wasting your valuable time !
Your name suggests you realise that markets zig zag. Why don't you spend time with serious study to find out how the "zig zags" typically work.
Expecting to follow any analyst like a dumb sheep follows his flock is never going to make money for you.
You have to do some work to succeed in this endeavour or any other worthwhile endeavour. If I find Ashraf very helpful, how come you don't ? Think about that my friend.
Ashraf provides a very extensive view of info, etc...well received..
look forward to your ideas and/or trades in future...gl
Forex is different to other markets ? Bollocks, its exactly the same as any market for tech analysis. All analysts get things wrong but if they can identify at what point their preferred bias is invalidated you cannot expect any more than that.
NO, I am not an employee of CMC or Ashraf or anyone else. I am a professional full time trader these last 16 years since retiring from mainline biz at age 50.
I started looking at forex in Jan this year and soon realised how very news sensitive the currency markets tend to be for their intra day moves. Ashraf is one of a tiny minority of worthwhile educators I have spotted for this specific market speciality.
Getting back to the immediate position of EU we have pattern symmetry at 1.4044 which is slightly above "our leader's" latest call for the 61.8% ret at 1.3895, basis daily timeframe. However, the move up from the 10th Sept pivot low lacks structure so I expect to see some retracement soon before hiking back up to projected target levels.
If the market invalidates my analysis I will reposition my stance accordingly. Meanwhile I trade my analysis in line with my "preferred" bias.