radar66

Hi Youri I've just parted company with MFG after many years with a very sour taste in my mouth. I don't like being fleeced and lied to by someone I both respected and trusted. My advice is... be careful because nothing is how it seems. Have you noticed how many of the familiar faces (brokers) have also moved on to other firms - mainly Macquarie? Best regards Radar66

Hi Siuya Thank you for your most welcome advice. I will follow up your suggestions and, hopefully, reduce my operating costs. Best regards Radar66

Hi Vance One of my "fears" is that if the internet goes down when I'm in a trade, contacting the broker in the USA could take too long. I always use a stop but endeavour to exit before it's hit. I've looked around at a number of futures brokers in the USA and none of them seem to provide access to the SPI. I guess we're just small fish over here. I hope you're doing well with your trading. I must look into the eMinis but I have designed and tailored my trading methodology around the SPI. It may work in other markets but it's a real little earner with the SPI. Best regards Radar66

Hi Vance Count your blessings. Regards radar66

Greetings I must say that when I read postings where members mention that they pay $8 or even less for a round trip when trading I'm absolutely blown away. I live in Australia and we are really ripped off by our brokers. For example, I trade the Australian SPI (Share Price Index) and the brokerage is $30 plus 10% GST. I would be laughing if I could pay just $8. I don't need a full service broker because, from my experience, most brokers know nothing about trading. They simply take my order and process it. Any advice I have received and acted upon has always cost me money, so I trust my own methodology, take no advice from anyone about my trade, and place my orders. And for this I have to pay a $30 round trip fee. There are no discount brokers that I am aware of In Oz. Although I love living in Australia, we are ripped off at every turn and, being so far away from the USA and Europe, we miss out on great webinars that are so accessible to others. So, make the most of your low costs which add to the profitability of your trades and reduce the cost of your losers.