• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • User/Email: Password:
  • 9:45am
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 9:45am
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Quick question... 10 replies

Question on slippage setting on EA 1 reply

Hedging Question - Quick Question Looking for A Quick Answer 1 reply

Broker Stops... quick question 1 reply

Quick dumb question - markets open Monday? 9 replies

  • Broker Discussion
  • /
  • Reply to Thread
  • Subscribe
Tags: Quick Question about Slippage
Cancel

Quick Question about Slippage

  • Post #1
  • Quote
  • First Post: Jul 1, 2006 3:25pm Jul 1, 2006 3:25pm
  •  jmbtx
  • | Joined Jun 2006 | Status: Member | 39 Posts
Hello,

I'm an equity trader who has just recently started researching currencies.

I like what I have heard so far...high leverage, no commissions, no short selling and no slippage?

Is it true that if I place a limit order above or below the current price, I will get filled at the exact price I want with no slippage?

I will most likely be trading during high volatility and that is always the main concern. I am not talking trying to place an order when the market is ripping but when it does trade through my price, I just want to make sure that I am guaranteed a fill at that exact price.

Are there any negatives to trading currencies besides the normal factors that would be present in trading any other market?

Thanks,

Jeff
  • Post #2
  • Quote
  • Jul 1, 2006 3:30pm Jul 1, 2006 3:30pm
  •  piccolo
  • Joined Feb 2006 | Status: adjust your sails to the wind | 1,354 Posts
Quoting jmbtx
Disliked
Hello,

I'm an equity trader who has just recently started researching currencies.

I like what I have heard so far...high leverage, no commissions, no short selling and no slippage?

Is it true that if I place a limit order above or below the current price, I will get filled at the exact price I want with no slippage?

I will most likely be trading during high volatility and that is always the main concern. I am not talking trying to place an order when the market is ripping but when it does trade through my price, I just want to make sure that I am guaranteed a fill at that exact price.

Are there any negatives to trading currencies besides the normal factors that would be present in trading any other market?

Thanks,

Jeff
Ignored
guaranteed fills are advertised by some brokers but I am not sure that they really honor it. if you wan't to trade on news then broker selection is most important as some widen spreads, some disconnect, some requote all the time when a news event or fast market moves occure.
 
 
  • Post #3
  • Quote
  • Jul 1, 2006 3:32pm Jul 1, 2006 3:32pm
  •  jmbtx
  • | Joined Jun 2006 | Status: Member | 39 Posts
Hello,

Yes, I trade news on stocks and am thinking that's what I will be doing with currencies.

I was hoping to place orders around 5-10 minutes before announcements.

What brokers should I be looking at?

Not getting filled is even worse than slippage.

Thanks!
 
 
  • Post #4
  • Quote
  • Jul 1, 2006 6:13pm Jul 1, 2006 6:13pm
  •  piccolo
  • Joined Feb 2006 | Status: adjust your sails to the wind | 1,354 Posts
Quoting jmbtx
Disliked
Hello,

Yes, I trade news on stocks and am thinking that's what I will be doing with currencies.

I was hoping to place orders around 5-10 minutes before announcements.

What brokers should I be looking at?

Not getting filled is even worse than slippage.

Thanks!
Ignored
I'm not a news trader, so my broker recommendations would be useless. Search around. I think there is plenty of threads here about it.
 
 
  • Post #5
  • Quote
  • Jul 2, 2006 12:01am Jul 2, 2006 12:01am
  •  narafa
  • Joined Jan 2005 | Status: Keep Learning | 1,180 Posts
You won't be able to find your exact target with any broker or market maker because once the price jumps & clears ranges of prices, your order will be filled with slippage...It all depends on the volatility of this specific time, sometimes you will have a higher slippage, sometimes you will have a smaller slippage & sometimes you won't have slippage at all, but for sure you will experience slippage frequently...

There will be no broker who will gaurantee you exact fills all the time, simply because the market might not be trading at the price of your order....It's just like price gaps in stocks...


Thanks,

Nader
 
 
  • Post #6
  • Quote
  • Last Post: Jul 2, 2006 4:05am Jul 2, 2006 4:05am
  •  bl33p
  • | Joined Feb 2006 | Status: Member | 36 Posts
Never had slippage on Oanda. This may not apply if you have unrealistic expectations and think you should be filled on the initial NFP release gap. I only trade news action after the initial gap and peak with no problems.

If you want to get on the immediate initial peak action you need to enter before the news hits and only exit on the peak, IF it goes your way. It's a gamble then not a trade.
 
 
  • Broker Discussion
  • /
  • Quick Question about Slippage
  • Reply to Thread
0 traders viewing now
Top of Page
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2023