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Forex Spreads - Calling Kiwi
Posted: Wed Apr 30, 2003 5:48 am
by stephenm
John
You mentioned in a psychology thread that you were trading Forex in the Uk using spreads. Was interested in who you use - I've used Cantor and thought about deal4free. Different approaches, with the first giving a straight spread and forward contract, the latter mainly in spot and making the interest adjustments each night.
What's your experience?
Posted: Wed Apr 30, 2003 6:07 am
by Kiwi
I use finspreads for index trading and a futures brokers for currencies. I am planning to add deal4free to reduce spread but still for indexes. I trade one specific system with spreadbets that needs small bet sizes.
So, I'm afraid I cant tell you anything other than that finspreads currency prices are actually on the nearest futures contract rather than being on cash.
I just looked at the deal4free documents and they offer rolling cash, monthly and quarterly futures depending on the currency cross rate.
John
Posted: Wed Apr 30, 2003 6:11 am
by Kiwi
Sorry, also, in terms of the brokers I have found finspreads to be very helpful. Deal4Free are a bit challenged because they have some funny rules about people in non-UK locations but I think they'd be fine if I was in the UK.
I like Deal4Free's new software quite a lot but wish that just one of them would provide their quotes in a non-java environment so I could calculate spreads directly.
Posted: Wed Apr 30, 2003 8:58 am
by stephenm
Clear - I found d4free do offer them all, but push very hard towards having the spot traded. And the spread is wider on the forwards as well.