Weekend Forex

I have been looking around at different companies and the benefits, advantages of one versus the other.

Some offer huge leverage, some offer Level II access, some offer very tight spread, some offer no negative balances etc etc.

So those of you who are trading with real cash, who do you like and why?

I might toss a few K in an account and see how I do. I am also considering doing MINI's vs full size contracts..not MICRO but MINI, then if I can make some profits I would move to the larger pair. Using 20 to 1 margin means you would need 5k to trade a 100k pair, and that is only 1 contract.

Any opinions or comments are welcome.

Hat,

Its this Forex stuff we have been talking about and trading, the currency trading stuff.

Not sure if this is what you're asking, but:

Hat,

In ways it is LESS risky than stocks..

Read up on the stuff we talk about and you can always give it a shot with a free acct like some of us have done.

Dsn,

I know what you are talking about..regarding the counter trade. I read on some other sites that mentioned the exact issue. Some sites advertise that they auto trade the position with financial firms they have agreements with, so that CAN be an issue if the firm doesnt say they have it covered.

THIS site talks about it, NO Dealing Desk I think that is the issue.

I also notice that some of these places have a TON better spreads than what we see on Forex.com..some spreads there are 20 plus pips and that is a joke.

I saw a free 25 buck acct on a few sites..but I would want to find the best site that has the safest footing and lowest spreads.

I also notice that some of these places have a TON better spreads than what we see on Forex.com..some spreads there are 20 plus pips and that is a joke.

I opened a $25 acct with fxcm ( the site you linked )- haven't gotten the deposit in yet- 

Well the sites I did generic searches for had either no commish or much better spreads..

Here is a site we can use to compare and investigate-
LINK

I need to investigate more, dig deeper and try to see what other traders thing regarding spreads and costs etc.  

Wow- thanks for the link 

Dsn,

I use the 4 and 5 and 10 min and 1 hr..all of them to be honest.

I think a few of us use the 4 hr because it is less volatile than the 1,5,10,20 etc minute charts and probably creates more stability and safety in the trade.

When I have been swing trading and fast trading, those 1,5,10,1hr charts have worked great..but they are also misleading and are more daytrading versus position or trend trading.

I'm still just playing around with a demo account from strategybuilder but do want to start a real account at some point.  After reading through a lot of forums, primarily Babypips, I am leaning toward MBtrading.

This blog has some interesting reads for a newbie like me as well.  I want to avoid a dealing desk like the plague.

Yeah, I guess I do more fast trading.  I think that on forex, it's so damned volatile, I can't see holding or basing a position on a 4 hour interval- esp without stops.