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Old 22-07-2005, 10:31   #11
MickMason
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Re: Interest rate differentials

Quote:
Originally Posted by psytrader
Huge spread! My father was in London two months ago and got 2.00 on the gbp/usd.

If you dont mind my asking Mick,...what was your source of leverage for your multiple account scheme?

PSY

2.00, what was the high a couple months ago 1.90? Wow that's around 10 cents!! It wasn't quite that bad, from memory it was about 30 or 40 pips, perhaps more I can't remember now, I'll have to dig out an old statement for a laugh, cable was around the 1.50's, now that would have been a nice long

No leverage, just transfering sterling to dollar and back again, you'll never guess what I used to decide trades....charts? Indicators? Noooo......the tourist rate pages on Ceefax, lol, I'm surprised I ever made a cent! Indicators and charts, who needs 'em, Ceefax rules, lol!


Mick
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