If I Go Broke Trying Then I Will die happy.
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Quoting MoeDislikedbid higher then ask price.Ignored
Quoting FXopportunistDislikedyeah, 10 pips. It held that way for several seconds at around 10:10 est.
Right about where I exited.Ignored
Quoting MoeDislikedcan you trade when that happens.Ignored
Quoting notouchDislikedI spent a while demo trading with MB and observing their live prices. The inverted spread only ever happened on the demo account. Any inverted spread on the interbank market would be arbitraged away in milliseconds. What you must have observed was either the demo price or if it was a live account it must have been a pricing mistake.Ignored
Quoting notouchDislikedI think you're taking my comments a little bit too personally. They were not particularly directed at you. My point was, if a 10 pip inverted spread was actually available you could make 50 pips by simply hitting buy and sell 5 times. If one tried that one would find one's orders not being filled.
If you successfully closed your position with a buy order then the ask price was obviously available but the bid price was probably "stuck" and had you tried to sell you probably wouldn't have been filled. Vice versa if you closed with a sell order.Ignored
Quoting notouchDislikedAll my spot fx trades at the moment are with InteractiveBroker's IdealPro and the comments you make about MB could equally be applied to them. There are bound to be delays with brokers sending orders directly to banks and those who see NDD brokers as the promised land will be disappointed. I'd still rather trade with a real broker than a bucket shop.Ignored
Quoting notouchDislikedI think EFX has the edge over IdealPro in terms of execution speed. It takes 2-3 seconds between sending an order and getting confirmation from IB. I think EFX beats that. One good thing about IB is that you know who filled your order - but it's always one of only 3 or 4 liquidity providers (usually DBFX, JP Morgan or Bear Stearns).Ignored
Quoting WTBDislikedWhy doesnt EFX allow you to punch in a stop loss and profit target price with a market order like everyone else does? it makes the whole order placing deal much easier than having to mess with stop/limit orders posteriorly.Ignored
Quoting WTBDislikedWhy doesnt EFX allow you to punch in a stop loss and profit target price with a market order like everyone else does? it makes the whole order placing deal much easier than having to mess with stop/limit orders posteriorly.Ignored