One, I see there are no recent posts on the FAQ thread. Is anybody out there currently playing FOREX?
Two, I've been using a practice account for at account with CMSFX because I figured the dollar was due for a correction vs. the Euro. That nickel last week came a lot quicker than I expected and I missed the move, having just funded the account yesterday.
I'm figuring on a short to medium term bounce for the Euro, but long term I'm betting there is another .25 at least move for the dollar.
Anybody have thoughts?
[ August 13, 2008, 15:07: Message edited by: Bob Frey ]
Machiavelli
posted
I haven't entered the game yet... i have a practice account as well with GFTforex.com ... but I haven't had the time to practice... anyways if you put up a chart I'll let ya know what I think if I see anything...
jon clogger
posted
I've been in the game for a little while now. I really like using Oanda FXtrade. I tried Forex .com, and a couple of others, and Oanda has been the best in my opinion.
Last week I enjoyed a 55% portfolio increase by longing GBP/USD from 1.8530-1.8560 as a base and selling 3/4 at 1.87. I'm still in 1/4 position, but may exit the trade today.
I also supplemented the trade with two others: Shorting EUR/GBP and USD/CAD.
Everything went my way on the correction following the 61.8 fib levels +/- 50 pips.
But I'm expecting the correction to run out of steam this week, and will go back to longing the dollar.
posted