Ishow2005,
Sorry about your loss. Good post though for the newbies.
Jo,
When you say these currency pairs have a zero spread during high volatility periods, how do the brokers then make their money. Interesting info though but i'd appreciate a little more insight as this is a new one for me.

Cheers bro.

@All,
For zero or close to zero spread on volatile pairs, go to http://www.mbtrading.com. I found out that EUR/USD and USD/JPY have zero spread during high liquidity periods while GBP/JPY thats normally have a 7 or 8 pip spread on other trading stations have 3 or 4 pips spread in MBTrading during the same trading period; the smallest spread i have seen for EUR/USD on other trading stations is 1 or 2 pips

This can only mean that some forex brokers manipulate spreads to their own advantage.

@ all
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A forex trader will understand what i mean by the subject matter.yes i become a victim of volatility yesterday when the Gbp/jpy moves by a pip of more than 900 and almost all my money i withdraw from my online investment was gone after using it to trade on forex.
yes earlier in the day i made around $1000 before all my $3000 gone and now am back at square one.

i now write to inform those that are planning to trade forex to take great care b4 going in,for me i did alot of home work b4 goin in and i learn at http://www.babypips.com,demo trade and make 10times my money in 2wks but here i am but i thank God that i din put all my eggs in the forex basket and i will definately fight back and gain and my advice to new forex trader is that
1.Invest what you can afford to loose.
2.Visit http://www.babypips.com school and when u know the forex basics and types of charts, open a demo acct and at the same type learn from the school and after you are able to make far more than the amount u use to start demo u can be thinkin of real acct.
3.Dont use $50,000 as demo acct,use little amount like $1000 cos it is better u use a little amount or equivalent of what u will use as real tradin and the site i use to trade is http://www.liteforex.org and they accept egold etc. But shd in case u will like to put ur money wit a professional company to help u then u can go to my blog at http://www.a3unionnigeria.blogspot.com for details.
4.Be careful if u wanna trade wit Gbp/jpy cos it is very volatile that is u can easily make it big or loose all ur money but u can try it wit demo.
5.check http://www.dailyfx.com for news to have an idea of what to happen etc
Ur reply on this will be appreciated

chk them aout they accept egold and i think they are reliable.
http://www.liteforex.org/

Check http://www.forexengines.net for free info on forex trading

hello all
pls cant we have amore insighthful discuss on current fores trend?

any reaction to the credit crunch been faced globally? will bernanke and his coy in thrfed be force to cut rate? carry trade unwind for how long will this last

pls let ferterlize here

attention@
what do u think about the US ecomony? is there a recession in view? will fed cut rate b4 the end of 07?
Will carry trade unwind continue? what will BOJ do to a stronger yen?
pls let us have ur views

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