Disliked{quote} Snowflake, perhaps? Oh well... Note to the rest: Feel free to set me on your Ignore list. Of course, y'all don't need anybody's permission for that.Ignored
I can see opportunities in USDJPY and EURUSD of 7 pips sometimes. However my cost of execution for round trip is around 1pip. This makes me reluctant to trade these opportunities as the risk reward isn't that favorable after costs. How can I lower my cost of execution to less than 1 pip if that is possible at all? I do not have direct access to interbank quotes or EBS or Reuters. Are their costs lower than 1 pip for round trip?
On ECN network, the spread for EURUSD is typically .2 pips and USDJPY .3 pips. When I use limit orders I find that I experience more adverse selection since my broker only crosses it internally. Does it make sense to just use market orders all the time?