Holiday Trading

2009 was a tough year for a lot of Traders. Good news and bad news feeding the market trends/ with no consistency. Resulting in many signal services biting the dust. Many of them good Companies just trying to trade a bad market. Oh well. We will take a better look at that after the Holidays.

With the Holiday season Volatility will be down. Keep your trades short. I did quite well during the Holiday season last year. Follow support and resistance and keep your stops tight. Pay close attention to the even number areas for reversals. As of today on the EUR we are at the 1500 level. Look at the longer term charts. there is a good chance we will be in a large area of consolidation till the end of the year. Be careful with your trades and conserve your capital.

New Rules Starting December 1^st- from IBFX

Trading: NFA Margin Requirement

The new 1% margin requirement is calculated by taking the Notional value of the base currency and converting it to USD. The base currency is defined as the first currency listed in the pair. For example a standard lot for the EUR/USD at a price of 1.5100 would have a notional value of 151,000 USD. Your margin requirement would be 1,510 or 1%.

For example:

Lot Size Standard Mini Micro Nano

1.00 $1,508.90 $150.89 $15.09 $1.51

For pairs with the USD as the base currency (excluding the USD/SGD & USD/ZAR)

Example: USD/JPY

Lot Size Standard Mini Micro Nano

1.00 $1,000.00 $100.00 $10.00 $1.00

-IBFX