hello,
If I may add to Forex software: www.fx-bar.com
It's a FREE Forex Toolbar, with some good stuff for Forex traders.
If I may add to Forex software: www.fx-bar.com
It's a FREE Forex Toolbar, with some good stuff for Forex traders.
I agree. Market Wizards is a great book. Definitely worth reading. I realised that the world's top traders often have very different styles.
Good luck with your trading too.
David
Carry Trades / Interest / Roll over.
I am confused! and I need help, I have spent hours speaking to brokers and I am still not getting the answer. I am looking to do position trades on GBP JPY, and on this currency there is a huge diffrential between the sept futures and the spot by over 200 pips.
So currently if I want to go short, and expecting to hold the position for several weeks the sept sell price is 24000, but the spot is 24318 - so I am getting 318 pips less. However, as time goes by and we come closer to expiry than the spot and future gets closer and closer.
So in my example, I start with a loss of 318 pips. Assuming that during this period say the spot goes down by 300 pips than technically I have not made any money - Is that correct??
HELP! Or am i being silly not able to understand?
Some interesting links I have collected:
http://forums.babypips.com/
http://www.dailyfx.com/charts/ (and use "Powercharts - the best free charting I have seen)
http://www.top100forexsites.com/?join
http://www.robbooker.com/blog/ ()free Stuff - left hand side at bottom)
http://www.forexfactory.com/showthread.php?t=2331 (With more free stuff links in threads)