Do you know what the min balance for morgan direct is?

Broker for a graduated retail trader

And if I have a streak of say 10 losers, I need to make 10 deposits? I was considering putting a portion of the cash on deposit with the broker. The bank guarantee option sounds like a good deal. I was also going to use the account to track my ...

Broker for a graduated retail trader

Thanks for the advice, everyone. I'm not sure about Interactive. I was going to open an account with MF Global. So glad I didn't do it. Citi sound like a good option. I will look into that. I'd prefer to go with some entity that poses a risk to the ...

Broker for a graduated retail trader

The drop was due to a slowdown in China, for the most part. Not really the RBA rhetoric. Had there not been a slowdown in China, the RBA would have had no reason to lower rates. Remember how for months the BOJ kept saying that the Yen was too ...

AUD/USD

The expectation for tapering is $15 billion. Although, every article I'm reading says that the Fed will taper more. So, it's not accurate to assume that the market is pricing in a smaller taper. The market has already discounted the RBA's view that ...

AUD/USD

Also note that unless the Fed really beats expectations, don't expect a longer term reversal. It may go down briefly and then come back up. But if the Fed disappoints even a little, I expect a huge rally taking out a lot of resistance levels. You're ...

AUD/USD

You could also trade some crosses that don't involve the USD. But even those tend to whipsaw with dollar news. I know the feeling of not trading for a day. It's like an addiction. Very hard to resist. But, I've gotten much better at it lately. : )

AUD/USD

It's not going anywhere. I'd suggest range trading for now if you really can't resist trading. Nothing is moving till after the Fed announcement tomorrow. And that too, I suspect a whipsaw. I'm inclined to think that the Fed will disappoint, ...

AUD/USD

Thank you for the info. I'll call CFH and inquire. I'm not looking to get high leverage. 1:20 is more than enough for me.

Broker for a graduated retail trader

Why would you trade with that high leverage anyway? Imagine losing $500 million in a few minutes during an FOMC meeting? I'd have a heart attack! My sanity is much more important to me than money!!

Invest 10 billion dollar with 1:500 leverage, possible or not?

There was real concern that this war would get out of control. If the US intervened, Russia would have supplied arms to Assad's regime and Iran would have done something as well. And that would bring Israel into the picture. A big mess, it would ...

AUD/USD

You misinterpreted. I got out of my Aussie longs on open. Buy the rumor as in buy the rumor that the Fed will taper more than the market expects. So, buy USD till Wed and then go short USD. I am however staying out of all of this till the news is ...

AUD/USD

I disagree. The real news was the US-Russia deal on Syria's chemical weapons, making US strikes on Syria very unlikely. Larry Summers was an unlikely candidate anyway, considering how his actions messed up the US economy in the past 10-15 years. ...

AUD/USD

Hopefully some of you got in long below 8990. Here is my analysis. Vouch if you like it. : ) 1. AUD is oversold in the short term. This move lower was a fake. We should be headed higher in the next 2 weeks. Targeting 9450 or so. Buy the dips in ...

AUD/USD

Be careful everyone. If you're long, I'd suggest getting out and waiting for a better entry. I think we'll take out the 8990 lows we made a couple of hours earlier.

AUD/USD

In and out for a quick few hundred bucks. I hate doing these short term trades. My analysis of my account shows that in the long run, I lose money on my short term trades. I prefer the well thought of, long term ideas. I am not going long USD/JPY. I ...

USD/JPY Discussion

Nice buying opportunity for me. I will be looking to buy more lower. We dropped too fast without any major events.

USD/JPY Discussion

If you're white or not poor, you have no standing to make these claims. Discrimination is alive and doing quite well. When you grow up in such poverty and are discriminated against your whole life just for being black, there is very little chance of ...

AUD/USD

I'm out of all my shorts. Not going long though. Too risky. We could drop 100 points in a few minutes if enough stops get triggered. I just don't feel like risking it. Fridays are always my bad days. I have a theory that the markets get irrational ...

AUD/USD