Eur/gbp !

Discussion in 'Forex Trading' started by Remiraz, Jul 25, 2005.

  1. Remiraz

    Remiraz

    Anyone trading this pair? Some bucketshops are offering 1.5 pip spread for this. :eek:

    Kind of choppy but trends not bad from time to time.
     
  2. liri

    liri

    I do trade EUR/GBP with CMC

    Right now i'm short with a stop above ...70
     
  3. Remiraz

    Remiraz

    hows their spread like? 2pips?
     
  4. liri

    liri

    they spread is three points,
     
  5. Remiraz

    Remiraz

    oanda is 1.5 pips.
     
  6. 3 pips is huge and you are making it very difficult for yourself to succeed. If you think the rate is approximately half the euro dollar rate or a third the cable then your equivalent spreads are 6 pips and 9 pips respectively. Would you think you would make money on a 9 pip cable price?
     
  7. liri

    liri

    thank you guys for your advice, i'm long term trader so 1 or two points do not make a great deal for me,

    Cheers, Liri
     
  8. Remiraz

    Remiraz

    does that pair trend a lot? seeing GBP in it should mean its quite volatitle like GBP is? hows the natural volatility? higher than eur/usd?
     
  9. liri

    liri

    not allways, there are few times that it gives you hard time
     
  10. Remiraz

    Remiraz

    which one moves more? EUR/USD or EUR/GBP?

    Like GBP/USD moves much more than EUR/USD (both in ranges and trends).
     
    #10     Jul 27, 2005