Added another trade:
Bought NZD 1m Sold Yen at 49.25, thus making position long NZD2m at average of 54.54.
Review level 41.87, being long term lows.
USD/JPY deals still in the deep freeze!
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
A totally irrelevant view of markets, life, the universe and everything in between.
About Me
- Kiwi Trader
- This blog is about sharing my market trades, as it helps the decision making to write about it first. It will be a bit of market analysis, a bit of trading, a lot of blonde watching, and if I get time, a bit of an opinion on stuff topical at the time....
Blog Archive
-
▼
2008
(64)
-
▼
December
(12)
- Japanese exports collapse
- Honda not happy with strong Yen
- Yen trades
- NZD/USD update
- Excellent Editorial from the New Zealand Herald Today
- USD/JPY Update
- Germany tells it straight
- USD/JPY update
- Trading Style
- Some contrarian comment on the USD...which agrees ...
- NZD/JPY Trade
- Interesting article on intervention in the Yen
-
▼
December
(12)
5 comments:
hey there! which broker do you use and why? thanks!
I use my bankers, Bank of New Zealand and ANZ Banking Group, where I have forward dealing lines. That way no margin calls. I pay a bit more on the pips per deal, but it is worth it. I did use OM Financial, but found the interest rate spreads on carry trades too expensive to be worthwhile. I have been looking at using offshore brokers, and must do some research, but nothing jumps at me at present.
I’m in the same situation. My private banker has offered the services of the NBNZ but with no real time trading platform and large pip spreads. I’ve talked to Saxo bank who claim that a Singaporean based account will protect my deposit due to their (Singapore) bank guarantee laws. Those guys at Saxo put me off with their boiler room tactics. So my issue is… if I am to trade without margin then I am concerned with the security of depositing 1M NZD with a broker. Any info would be appreciated. Any broker recoms.
Regards
Gavin
Gavin
I have wrestled with this one as well. Offshore brokers and OMF want cash deposits and it has always worried me that if they fail the cash is lost. I have never trusted offshore brokerages as it is hard to know who is really safe, and will they stay that way. I might open an account for smaller trades but I will still stick mainly to my bank, who can give me quotes most hours of the day through their offshore branch network.
And negotiate the pips in. For large customers they are flexible!
Post a Comment