Posted by: Samsara December 21, 2006
Bumper Yield on Wall Street (for some)
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Nice...peeps into forex!! I've had an acct with FXCM since 2002 (Ask them for a 4 pip spread on the GBP/USD if you hold above $25K with them). BTW, I've now moved onto the FX options side for a major investment bank...On the desk training and not yet trading the firm's capital. FYI, very different from being an idividual trader as here its more about hedging and making money off spreads than through speculation...Guess that comes with the territory of being the market maker. All the best with your trading and the only pointers I could give is to use your leverage wisely. And stay away from those 5 pip commisions (every pip saved adds up).
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