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Hello, and welcome back. Today's video you are going to see actual trade set-ups and our brokerage executions on both the Russell e-Mini (two trades to full target) and on the Forex (one trade for 25 pips on the GBPUSD done in 3 minutes.) The video will take you through the set-ups as the UTM strategy set them up and then you can see our actual executions as well.
Forex and e-Mini Actual Trade Video 10/16/06 - Click Here to View
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I have registered for the automated trading and have sent in my account application to FXDD.
At the same time I am considering purchasing the UTM, because I will be doing some of my own trading. I have been trading a demo account for a week using netpicks trading room signals and am very impressed so far.
Would it be beneficial for me to continue with the autotrading and also purchase UTM for my own trading? I reside MST area.
NetPicks Reply: We do have people who do both. One reason to have the UTM is so you own the complete strategy and are not reliant on signals and ongoing charges -- plus, it identifies other times/trades that you can do on your own. It is definitely very viable that way as well. Thanks.
Posted by: Seeth Seethram | October 18, 2006 at 10:21 AM
Hi Anthony and Co!
I am really loving your informative videos and your simple method. Very refreshing indeed. One huge question, why aren't you using Interactive Brokers for your Forex Account also? Do you get too much slippage around news times? I am trying to find a decent forex brokerage and heard IB is pretty good. I have been leaning towards getting an IB or Oanda account. Do you have any suggestions? What about FXDD?
NetPicks Reply: On IB, no real reason -- there are many choices so sometimes you just settle on a certain broker and are happy with them. You can trade wherever you deem satisfactory. With IB do not forget you'll be trading regular size, not minis - which is perfectly fine and we do have UTM'ers who are trading there and happy who are o.k. with the size. We do not trade right at the news -you'll find places like Oanda right at the annoucement will widen the spread considerably - you do not want tha - but we do not trade right at annoncement anyway. Hope that helps.
Posted by: Mandylx | October 16, 2006 at 08:46 PM