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ReatrdGeam

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54 Trader

About ReatrdGeam

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  1. I started with VSA as well, but I've been a pure Wyckoffian for about three years now. I'm interested to see where you take this thread. Subscribed
  2. I've been using their demo for a while now, and the only thing I don't like about FP Markets is that they don't have negative balance protection.
  3. When you are trading out of control, high leverage will kill your account in no time.
  4. Wekun, that is not the case. On Wednesday, forex brokers apply (it's not always a charge, because you can also earn) triple rollover interest, because that's how it's applied by the banks that provide liquidity to the FX market. This is due to the fact that spot forex trades have a two-day settlement period. On Wednesday, a spot FX trade from Monday settles. On Thursday, a trade from Tuesday is settled. A Wednesday trade settles on Friday, but a Thursday trade settles on... the following Monday. Because banks are closed on Saturday and Sunday, the trade must be completed over the weekend. Because the new 24-hour trading day (Thursday) in the global FX market begins at 5 p.m. New York Time on Wednesday, triple rollover interest is applied to FX trades open at that time. It's odd that your broker doesn't use interest in the same way that banks and other brokers do. If nothing else, it may present you with an arbitrage opportunity. Could you, for example, go short USD/ZAR and EUR/TRY with a forex broker that allows you to earn triple rollover at 5 p.m. on Wednesday, and then go long those same pairs with your current broker, which may charge you only one day's worth of rollover interest for your hedged positions?
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