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What I think + question -
05-15-2008, 12:50 AM
Hi,
I keep my IGforex account [I've saw their office in London, havent been cheated yet, so I'm sticking with them]
I concider to open with MTB but it's quite complicated and not sure is it really better.
What I do i keep only money for 3 trades. Margin needed is depend on my SL so it's not exactly 1:100 but if my SL is 10 pips and order 1 minilot EJ i need around $30 to hold it.
I'm a begginer so i keep $80 and collect all what's on top, eventually add some if necessery.
Now the question about prices and dealing desks.
IG is definetly dealing desk. It keeps small spreads during news, but I would be carefull with judges that they not trade with banks.
During the news when price jumps it happens that instead of opening i see "price no longer valid" for me it's much better than slippage. I don't think I'm cheated. It's just like "we will try with this price if you wanna trade now" And most of the time it's work.
I'd like to know what Feliks would say according to his 5 steps method
Chris
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