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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
FXHandler
Norway
Posts: 195
14 years ago
Sep 16, 2010 22:09
Catnip, what are you talking about? CMC HAVE CFD's with NOK!!! Spread is high, but so is the possible profit. As I said, you just have to use less gearing to make your trade!
Also, why do you talk about the spread is to high, when you claim that CMC markets don't have CFD on NOK? CMC markets are a one of the big marketmakers in Norway, and I know they have NOK. I use it myself!
....Foul language.......
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Sep 16, 2010 21:56
CMC has no CFD on NOK pairs and in fx the spread is way too high. My best trade ever was EUR/NOK short however with a leveraged option made about Eur 30000 when EUR plunged.
FXHandler
Norway
Posts: 195
14 years ago
Sep 16, 2010 20:41
(Edit to my last post)
Last time someone asked you (Ashraf) to long NOK, it was at extreme weak levels, still you deny to "long" it.
So where do you see it in the near future then???

regards
FXHandler
Norway
Posts: 195
14 years ago
Sep 16, 2010 20:32
Catnip, spreads?
Does it matter, just make sure to have more leverage...
I went long at NOK/JPY @ 13.2275 out at 14.1440. It's a close 7% call!!!
Same with CHF/NOK sold at 6.21 and out @ 6.00, another 3,5%...
NOK will strenghten long-term, also going long in any CFD's you get interest rate difference on your positions...
Still don't get it.....
regards
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Sep 16, 2010 20:19
It's the spreads...
FXHandler
Norway
Posted Anonymously
14 years ago
Sep 16, 2010 19:31
Ashraf, why don't you ever recommend to go long NOK against JPY & CHF? Even at very overbought levels of these "Safe Heaven" currencies, you still don't recommend it....
I don't get it....

Regards
chloethebull
Posted Anonymously
14 years ago
Sep 16, 2010 14:49
all canadian traders please call cmc markets an oppose the new point spread being applied to our stock trades..basically were being traded more to trade stocks example..use to be 5 buck commision now its 5buck plus a penny in an penny out so our cost are around 30buck per trade,also were being charged more if we use stop losses..ok hope im acurrate in my explaination..ok thanks:)
djellal
LAUSANNE, Switzerland
Posts: 531
14 years ago
Sep 15, 2010 22:56
indeed good call ashraf, comon to work at my desk with us lol
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Sep 15, 2010 22:40
thsoe who followed my twitter call favouring $EURNZD 15 mins before RBNZ decision saw +100 pips in 30 mins. Daily stochastics favouring 1.8030 later in week

Ashraf
djellal
Switzerland
Posted Anonymously
14 years ago
Sep 15, 2010 22:03
ok i m out nzd lg