How many trade other markets?

[Sciencegto]

Desmond,
What about the eminis?
I thought it s pretty good too.

Not so sure about e-minis. What's the lowest initial margin and the maintenance margin like? I started using oanda with a deposit of around USD370, although i can start with a smaller amount.

Hmm, if not mistaken, Oanda, Marketiva and many others are like modern bucket shops?
High spread between Bid and Ask.
And we re trading against these bucket shops - which irregardless they have already hedge their position and make instant profits from the spread.
Is the statement above true?

Not sure what u mean by bucket shops (although i heard the term b4). Yes, they make $ through the spreads, but most of the time, the spreads remain very low. Just make sure u don't jump in the market nearby the news announcements' time.

I'd prefer fixed spreads but i kinda like the bet-size flexibility offered by oanda (pipettes instead of pips!) and am already accustomed to their indicators, charts, price movement, etc... Furthermore, based on user ratings, they're among the most honest forex brokers.

I'll switch to OANDA if I get in serious with Forex. BTW, just wanna ask I've tried OANDA game trading platform, is it same with live one? One more question, How do you bank in the deposit? Using E-gold with what bank?

[desmond]

I'll switch to OANDA if I get in serious with Forex. BTW, just wanna ask I've tried OANDA game trading platform, is it same with live one? One more question, How do you bank in the deposit? Using E-gold with what bank?

I think the game account has 1 or 2 extra features (one of them automatic pivot points, i think). The extra stuff is being tested out before introducing it to the live account. There was a time when i was trading the game account and i seem to encounter less slippage compared to the live account. But now, i think it's pretty much the same. So if you're trading the game account, it's actually as real as the live one.

I deposited the money overseas to a JP Morgan bank in US via wire transfer (telegraphic transfer). Most local banks will charge u RM30-32 per wire transfer. But i also paid an extra USD15 (which i didn't know) to an "intermediary bank". I'm guessing that "intermediary bank" would be our lousy Bank Negara. It was the first time i was depositing overseas and my stupid-ass bank didn't bother to tell me about any other "hidden" charges even though i specifically asked if there were any.

Oanda only accepts money from traditional savings accounts (not sure about current accounts). No e-gold, moneybookers, internet payment accounts, etc... Browse & read the instructions on oanda's website to know more. BTW, i think u also have to provide your bank's SWIFT code.

One more thing, oanda has a very expensive withdrawal fee of USD40. Not sure about subsequent withdrawal fees for every extra USDXXX amount. I deposited USD370 and was charged a fee of (USD15 + RM30). Fee was about 6.25% of my capital (at that time exchange rate was USD1=RM3.70)!!!. That sucks. So if u want to, make sure u deposit enough so that your fees will a much lower % of your total deposit to make it more worthwhile.

[Maxforce]

For eminis, I roughly surveyed, most are around USD5,000 for account opening and about USD2,000 for maintenance.

[Maxforce]

From the results of the poll, I see one member trades the foreign stock.
Mind sharing which market and how you re doing it?