The £/$ rate is fluctuating from 1.48-1.50 quite a lot. If you had a reasonable amount, say £10k, is that enough of a swing to make anything?
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How small an exchange rate swing can you make money on?
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How small an exchange rate swing can you make money on?
Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishing -
Originally posted by d000hg View PostThe £/$ rate is fluctuating from 1.48-1.50 quite a lot. If you had a reasonable amount, say £10k, is that enough of a swing to make anything?
Open a trading account and give it a go ... -
Originally posted by Jeebo72 View PostOpen a trading account and give it a go ...How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
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Originally posted by Jeebo72 View PostThe concept is right though, buy on the low point of the spread and sell high and monitor for break outs from the spread which you should cover via a stop loss.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostThe concept of buying and selling is not the question here.
FXCM's cable spread is 3 pips, so anything more than that can technically make "anything".Comment
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Rumour has it that the krauts are going to quit the euro on Friday and reintroduce the Mark.How did this happen? Who's to blame? Well certainly there are those more responsible than others, and they will be held accountable, but again truth be told, if you're looking for the guilty, you need only look into a mirror.
Follow me on Twitter - LinkedIn Profile - The HAB blog - New Blog: Mad Cameron
Xeno points: +5 - Asperger rating: 36 - Paranoid Schizophrenic rating: 44%
"We hang the petty thieves and appoint the great ones to high office" - AesopComment
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Originally posted by Jeebo72 View Postthat's not necessarily the price you will pay + fees. The concept is right though, buy on the low point of the spread and sell high and monitor for break outs from the spread which you should cover via a stop loss.
Open a trading account and give it a go ...
Oh, the answer to the original poster's question is: dealer's spread + 1 pip is the smallest swing you can make money on.
How you leverage that depends on how sensible/stupid you are.Last edited by SantaClaus; 12 May 2010, 23:48.'Orwell's 1984 was supposed to be a warning, not an instruction manual'. -
Nick Pickles, director of Big Brother Watch.Comment
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The good thing is that, when the stop-loss calls kick in, they can take everything you have and you're left with nothing other than the clothes you stand up in.
Or is that the bad thing?
Either way, it's probably safe to assume that if you have to ask, you shouldn't do it - just like joining a cult, you'll end up signing over everything you own for a purse of pixie-dust that you must never open. Although you won't get the purse of pixie-dust.Comment
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