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Discussion in 'General Investing Discussion' started by bundy1964, 13th Sep, 2007.

  1. bundy1964

    bundy1964 Well-Known Member

    Joined:
    22nd Dec, 2006
    Posts:
    351
    Location:
    Adelaide, SA
    I am currently on a 30 day trial of FXCM Trading Station II

    1.7k up in just under 4 hours on a 50k account :eek: It can't be that easy doing carry trades for real money could it?
     
  2. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,394
    Location:
    NSW
    Congrat !!. Next time you may be down $1.7K in matter of minutes:p
    Welcome to the club !! :D

    PS - Which pair/s are you playing with ?
     
  3. bundy1964

    bundy1964 Well-Known Member

    Joined:
    22nd Dec, 2006
    Posts:
    351
    Location:
    Adelaide, SA
    NZD/JPY AUD/JPY USD/JPY NZD/USD AUD/USD

    So far about 3k up and 29 days of experimenting to go.
     
  4. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,394
    Location:
    NSW
    O.K....so two main pairs and crosses.
    Try EUR/USD and cable as well one day.
    PS - You can play demo more than 1 month if you need to.
    Enjoy!
    Happy Trading !!!!:D

    Edit : You can play demo as long as you wish to!
     
  5. crc_error

    crc_error The Rule of 72

    Joined:
    1st May, 2007
    Posts:
    1,367
    Location:
    Melbourne, VIC
    I know someone who won $10,000 at a casino, but then lost it the next day :rolleyes:
     
  6. bundy1964

    bundy1964 Well-Known Member

    Joined:
    22nd Dec, 2006
    Posts:
    351
    Location:
    Adelaide, SA
    Finished my months trial account today and took my 50k to 40 then 30 then finished off with 92,756.16 US interest rate drop did help a lot during that time.
     
  7. Rod_WA

    Rod_WA Well-Known Member

    Joined:
    18th May, 2007
    Posts:
    324
    Location:
    Inglewood, WA
    Wow, that game sounds better than Defender.

    Are you willing to put your real money in?
    Were you just guessing, or did you have some strategy?
     
  8. bundy1964

    bundy1964 Well-Known Member

    Joined:
    22nd Dec, 2006
    Posts:
    351
    Location:
    Adelaide, SA
    Yes I will be putting some real money in posiably via ASX CFD's if direct shares will be running with them. Less leverage but a known evil.

    My stratergy can be found here Currency Carry Trades Deliver I do need to work on a source of useful charts to improve on entry points. I did find placing a stop point to be the most important skill you need and being around to move it to lock in profits, on the down side the market is open 24 hours a day so things can happen while you sleep. Keeping a float at a level that avoids margin calls which on the platform I was using closes all positions for you.
     
  9. perky

    perky Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    300
    Location:
    Sydney
    If the AU$ gets above 90.4 tonight, then I am in again.
    Just got stopped on it after it reached 90c - set a s/l at 89.3 and it went down to 89.2 yesterday .... still made some profit.