[QUOTE=okl]i think he is sitting back enjoying life......he got fund mangers to manage his wealth...... Actually, I think the short dollar position is held by Berkshire Hathaway, the public company that Buffet is CEO of, and not Warrens own personal ...

BUFFET loses $900 million on USD

My InterbankFx seems fine. JohnFX

InterbankFX down?

I went to bed, but had to get up and post one more comment. Looking at your posts, Dave, I feel it's rather selfish and senseless the way you seem to be hoping that this hurricane increases in strenght and hits Florida in the hopes that the dollar ...

My trades by Dave

If I was playing a trade where the dollar would be affected by some disaster, I would be playing the eurusd or usdchf. I don't really see a hurricane in Florida having much affect on the dollar, but if it did, playing the dollaryen doesn't really ...

My trades by Dave

I agree with James16. InterbankFX is great (so far). I've been with them about a month now. AND I AM SCALPING (real money). And doing very well at it. As far as leverage, yes of course I use it. Not afraid to use leverage when scalping 100:1 on ...

OandA or Interbank FX for 1st live acct

I don't think there is anyting wrong with having a pips or $$$ daily goal, where you stop trading for the day when you reach it, as long as you also have a pip or $$$ loss limit, where you quit for the day if you hit it. Just my opinion. Also ...

The quest to be a Millionaire

I use SierraCharts. www.sierrachart.com The software plus Forex data feed costs me about $50 mo. JohnFX

Charting software

Fxcm — FYI, here is a copy of email I got from FXCM. Dear Client, We have received several inquiries regarding the recent news surrounding Refco. In particular, clients have asked how the news about Refco affects FXCM. The answer is: the news ...

Refco debacle

Really no need to panic. Here is the link to the story. http://biz.yahoo.com/ap/051012/refco.html?.v=11 I didn't like FXCM for daytrading. Too much manipulation ( I don't want to get into the manipulation discussion again) and I don't particulary ...

Refco debacle

No, the SEC is all over this. They won't be able to make it go away by lining someone's pockets IMO. JohnFX

Refco debacle

Most brokers have a Bond to cover client funds from insider theft. The reason REFCO's problem is a major one is because the are a publicly traded company and the people who own or bought their stock were mislead about the condition of their balance ...

Refco debacle

Mike; Thanks for the link to Oanda's int. calc. Now that is cool! I forgot that they compute interest by the second. So if I was to buy UDSJPY at REFCO at say 4:45 PM and close it at 5:15 PM, REFCO would pay me 3.09 (10K) but Oanada would only ...

Cash & Carry

I've been with InterbankFX a couple weeks now. I'm pretty happy with them. It's the first time I've ever gotten a re-quote (electronic), when I hit the close position button, and the re-quote is a better price than a couple seconds ago which ...

Interbank FX

I have 2 accounts with FXCM (one personal and one corporate). But, both accounts have no funds in them. I withdrew all funds several weeks ago. Now I do my trading via InterbankFX. I doubt it will immediately affect their liquidity. REFCO is a very ...

Refco debacle

There wouldn't be a difference as far as the interest rate, since it is based on the individual currency rate I believe, not what the broker feels like paying or charging. The reason REFCO, and I assume some other brokers also, pay triple on ...

Cash & Carry

ooops, forgot that one would also have to put up another $500 (200:1) for the short position. That would reduce the ROI to approx 1.25 %, 5% month, 60% year. JohnFX

Cash & Carry

It looks like USDJPY would be the best pair to use, for collecting on the interest. Presently on Wed. FXCM pays $30.90 interest on a full lot. The spread on USDJPY is 2-4 pips depending on the broker. So, you would have to put up $2000 for each full ...

Cash & Carry

Merlin is the MAN! The boss! And a heck of a nice guy. LOL JohnFX

Cash & Carry

Yes they have audjpy, gbpjpy, gbpchf. Those are some of the higher interest pairs. But you have to watch out for the big spreads JohnFX

Cash & Carry

You can't have your account set to use more than 50:1 leverage in order to earn interest. Otherwise you always pay at rollover time JohnFX

Cash & Carry