Hi Fast Trader I use FXCM, whom I find to be good. They seem to have good customer service and good order execution. Ryan (I have no affiliation with them, just have an account with them)
I use Oanda, and they are great. If you want to play with $50 or a couple hundred they are definitely your broker. I have heard you shouldn't trust them with tons of money but i have never heard any good reasons for this. Smallest spreads as far as I know.
Hi Baggerlord I have looked at using them. They definitely have attractive spreads. How do you find the order execution? Ryan
It is instant, and have never had a bad fill. No affiliation, I really am just amazed at how good of a deal it is.
What do you use for charting? Can the same T/A techniques that we use in stocks and futures be used in the Forex market? -FastTrader
Free real time charting comes with Oanda. It trades a lot different from US markets. Read marketsurfers journal, it explains better than I can. I think it is easier to trade once you get used to it. To sum up, ride trends. I would never fade a breakout in Forex.
Reusmption of previous trend is always an option, but besides reasons you mentioned, I see faliure to go down last week is indicating we are going to test upside borders. Take a look at 240min charts as well - became oversold without significant move down - this, after recent push upside also indicates move north.