Recent content by etext

I have been trading with both FXCM and CMS now for over 3 years, so i am not a beginner any more. Initially I had problems with CMS, the system used to go down at any time when the market became reasonably active, etc. This doesn't seem to happen any more and it is up and running 99% of the...

Hi Roberto, Thanks for the input, I have just searched for the quote by DR on the board and after reading 12 pages of some quite nasty coments by some of the members (now banned) I was just about losing the will to live :( and so gave it up. In my particular case it is all academic as I am...

Hi Darren, You ask - "At what stage has currency trading been classed as spread betting for UK tax purposes?" My question is - At what stage hasn't it? I have heard and read a number of people including accountants who try to differentiate between the two, and I have heard as many, including...

UK Taxes on Currency trading The problem as I have discovered over the last couple of years is getting the Inland Revenue to commit themselves on this issue. The argument as I have so far understood it is - Currency trading is classed as spreadbetting and is not eligible to be taxed if you are...

7.30 GMT 1.30 EST I am sitting in front of three computer screens - one open on CMS, one on FXCM and one on Netdania - all looking at Cable. What's this all about then? Suddenly the CMS Trade station spikes up 30 cents and straight back down again. FXCM recorded no such spike, neither did...

Thanks Rudy, I have downloaded their trial version so I will give it a go. I can live with a spread increase at times of volatility - that is to be expected, but not a total of a 70 pip no deal spread. Cheers Keith

A simple scenario. You open a trade, let's say to sell cable. You have a 35 pip stop loss in the deal, and for 2 hours it doesn't do much. It dribbles up and down 10 - 15 pips in loss and then back again down to a few pips in profit. We then enter into a report time and the price drops down...

Hi Steve, A "closed connected line" is what Netdania would call "line view". It is a continual graph line of the prices as they fluctuate throughout the day. The problem with them is - if a currency spikes very quickly up or down for whatever reason, it will not necessarily show the spike on...

Hi all, I use a program downloaded from the net which allows you to take and either print or store screenshots as a jpg in a folder of your choice. I use CMS as one of my brokers and use this utility continually whenever I open a trade as a proof of what I did in case their server goes down...

Hi Jo, From my experience and I have been trading with CMS for about 10 months - When you have an open position with CMS as long as you have got a stop and/or a limit built in - they have always been honoured no matter how wild or crazy the market. At times during great moves the actual deal...

Ahah, now the foundations of the houses are really beginning to shake I received an email from CMS early this morning telling me that the server will be down for repair over the weekend and bringing to my attention that the way that they process orders has changed - Link to site...

Paying for signals Over the last 12 months I have lost quite a lot of money at this job, so I tried paying for 2 services. The first was a New Zealander called Max McKegg. He offers twice daily reports and signals on the four majors plus the AUS/USD and the Kiwi. I actually lost money by...

Firstly - many thanks to TheBramble for getting in touch with FXCM in the first place. And secondly to jtrader - you are bang on, and this is the problem. I am self-employed and some days I sit here all day and trade, but on others when I have been called out on jobs, I will set my trades or...

Relax Torch, there is plenty of time for heart-failure later Hey Torch, I do understand that pressing that mouse button for the first time is a bit of a pants filler, and I also do remember the heart racing and thumping like mad as though my ear drums were about to burst feeling as I was...

Trading around news times I find it quite a good strategy to trade around the news. The prospective volatility can mean big moves very quickly - but it seems like - no more. I can stay ahead during normal trading, but it means that I have to sit for much longer periods of time watching and...