THANKS STEVE,,,, i been an IB custoner for almost 4 years... first time someone made me aware of this. you just made me feel a lot better.
Unless you have funding like the Japanese MOF I wouldn't worry that spot Forex won't be liquid enough. Perhaps you are thinking of globex, where liquidity is sometimes low?
people come on, i was just asking a question. I said hypothetically if i had a $20 mil account. If my account was that large, i would be in the bahamas sipping margaritas. Ahhhh... thats good margaritas.
"Compute one penny invested at the time of Christ, compounded at 3 percent per year. Then consider why nobody has anywhere near that amount these days." -- Ed Seykota interview, Market Wizards Seykota blamed it on inflation, but now we know the real reason. I'm going to name it Diode's Law (Conservation of Ambition): The reason most people don't become filthy rich is that once they become moderately rich, they retire to the Bahamas and sip margaritas.
Forgive my ignorance, but how do you check intraday volume on the Forex spot market? Is that info available in real time? That would be helpful, but I read that is not available because there is no central trading location. Thanks, Scarab
You can't. The best you can do is to check the volume of the CME currency futures. http://www.cme.com/dta/hist/bulletin.html?bullnumber=2004052&pagenum=01&seq=2-16-2004
It can't be the entire interbank volume because it is a decentralized system with no reporting requirements (although all banks will probably clear through the CLS Bank eventually). If you have access to one of these vendors and could check with them on what kind of volume number they are distributing, I'm sure I would not be the only ET member interested in this. Thanks,