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Old 11-11-2006, 06:47 PM
feb2865 feb2865 is offline
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This member is the original thread starter. Re: Disclaimer about strategy
Quote:
JayRemy
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Hi guys,

I'm a bit behind everybody on the forex trade, just read the transscript from the chat session and checked out previous charts - absolutley blown away with one, looks like a way to print money

Apart from what I've read on this site my understanding of forex is pretty much nothing.

I dont have the money to trade this on cash, but i've been looking at currency futures. Am i right in saying, CME Globlex symbol BPZ6, British Pound is one that I could be looking at for this trade.

I've got the actual trade pretty much spot on in my head, i know exactly what to do. Just wanna make sure I'm trading the right market !

Also, are there any considerations we have to account for at the start / end of week?

Thanks guys,
Jay.
Jay

British pound has more swings than probably any other currency. But is an excellent choice. As for rhe end of the week/begining etc. look for where the market is trending. That will give you a general idea and probable direction.

Raul

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