Discussion in 'Forex' started by Ivanovich, Dec 5, 2005.

  1. I would sure love to get in on this bull run, but the market is in "SEM" (Silly Extreme Mode). I just cannot bring myself to hit the buy button when it's so frantic. Half the pairs I normally play are all in ridiculous oversold or overbought territory. Lots of people going to get spanked in the next few weeks.
  2. Frege


    GBP/JPY - a wonderful beast. But the spread is very bad: 8 - eight - pips!

    I just love to trade GBP/USD, but I have to pay or 4 pips spread.

    Any here knowing of a broker which offers a better spread on Cable?
  3. There are quite a few, such as most ECNs. Cable spread is normally 2 at COESfx, 2-3 at IB (both ECNs) and 3 at Oanda (not an ECN). GBP/JPY is 5-6 at IB and 6 at Oanda. Also, keep in mind that each GBP/JPY pip is worth about $8.27 per lot, not $10.
  4. Frege


    ECNs? What's that?
  5. siki13

    has 2 pip spread on gbp/jpy and gbp/usd but i don know if they
    are reliable
    Anyone here on ET use this broker?
  6. OfmY


    I week ago it was the major lowest pair in Yen crosses, so GBP thought - Why should I be worse than EUR and USD? :)

    You mean those who would decide to go short?:D