Jay helping out newbies - Page 3
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Thread: Jay helping out newbies

  1. #21
    91212
    Quote Originally Posted by ;
    Hi all!
    Some provinces in Canada have their own safety regulations, and they require you to have large sum or value more than one mio in order to qualify to trade Currency Market. Qualify Investor Probably this is exactly what you are thinking about.
    Any broker that would have to bargain with 10 provincial and 3 territorial legislations instead of a single federal government agency would not do business in that country.

    In Canada, Oanda is regulated by the IIROC as quoted on http://www.oanda.com/corp/story/regulatory,
    Quote Originally Posted by ;
    OANDA (Canada) Corporation ULC is regulated in Canada from the Investment Industry Regulatory Organization of Canada (IIROC).
    http://www.iiroc.ca/Pages/default.aspx

  2. #22
    91212
    Quote Originally Posted by ;
    Any broker that would have to bargain with 10 provincial and 3 territorial legislations instead of one national government agency would not conduct business in this country.

    In Canada, Oanda is regulated by the IIROC as quoted on http://www.oanda.com/corp/story/regulatory, http://www.iiroc.ca/Pages/default.aspx
    I'd Account with Oanda, closed because of local security regulations. Were advised by Oanda about it...

  3. #23
    91212
    Quote Originally Posted by ;
    I'd Account with Oanda, closed because of local safety regulations. Were advised by Oanda about it...
    Another dialogue for another day

  4. #24
    91212
    Quote Originally Posted by ;
    Another Dialogue for another day

  5. #25
    91212hey jay,
    Trading in 1hr chart and targeting tp 20-30 and sl-20 pips is considered as scalping?

  6. #26
    91212Another question for you, Jay and please excuse my bad English.

    Is there some virtue in monitoring multiple markets and looking for cross-market opportunities?

    By way of example, let's say I'm following the charts together with my favorite method of TA and most of indiors are suggesting a good time for shorting GBP/USD i.e. I'm anticipating USD to fortify. On its transaction has a quantity of risk associated with it and as traders we should explore all of the opportunities to decrease risk. So, if monitoring other USD currency pairs suggests a similar opportunity for taking a position against USD in a few of these pairs, could some such implementation function as a hedge or decrease risk?

    I take we are talking USD relative to 2 completely unrelated currencies also it's possible for both those above positions to conduct counter to what we're expecting.

    But is there a reduced risk? Is it measurable?

    What if it's a three way transaction i.e. opening multiple positions? (topic to opportunities appearing from all three markets in the exact same time)

    Or am I thinking this?

  7. #27
    91212
    Quote Originally Posted by ;
    hello jay,
    Trading in 1hr chart and targeting tp 20-30 and sl-20 pips is thought of as scalping?
    The definition of scalping varies widely depending on one's opinion.

    I do not think it's.

  8. #28
    91212
    Quote Originally Posted by ;
    Another question for you, Jay and please excuse my poor English.

    Can there be some merit in tracking multiple markets and on the lookout for cross-market chances?

    By way of instance, let us say I'm after the charts together with my favorite method of TA and most of indiors are suggesting that a fantastic time for shorting GBP/USD i.e. I'm anticipating USD to fortify. On its transaction has a certain quantity of risk connected with it and as traders we ought to explore all of the opportunities to decrease risk. Therefore, if tracking other USD currency pairs suggests a similar...
    it may be but I'm not smart enough to give an opinion on this one way or the other.

    Once I place a trade, I consider just the pair I'm likely my trade .

  9. #29
    91212
    Quote Originally Posted by ;
    It might be but I'm not smart enough to give an impression on this one way or the other.

    Once I place a trade, I look at just the pair I'm going my trade .
    Focus!

    That is probably one of those lessons I need to learn

  10. #30
    91212
    Quote Originally Posted by ;
    Concentrate!

    That's probably one of the classes I need to learn
    It was.

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