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Old 04-05-2007, 08:02 AM
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This member is the original thread starter. Re: Newbie Forex Questions

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I use MBT, which is a direct access broker, which has the same trading platform as EFX. Also Oanda is a good option. If you don't see on average EURUSD is 1 pip or less at normal times, then it's a bucket. GBPUSD should be at most 2 pips.

Also, make sure you make yourself available for London open (2am EST), best time to get in or out despite being a 24-hr mkt, even for swing trading. This is an important time where levels tend to be broken or tested.
I was afraid someone would mention that 2am EST thing... That's a deal killer for me. As much as I love trading, adjusting my life and sleep schedule is just not an option right now and probably never. I can see why the Euro open is important.

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