Problem with my broker regarding the news trading! | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Serious problem regarding EA and indicator 4 replies

Question regarding news analysis. 2 replies

Regarding broker leverage - quick question just need clarification 8 replies

huge news regarding world banks 0 replies

question regarding broker 10 replies

Attachments: Problem with my broker regarding the news trading!
Exit Attachments

Problem with my broker regarding the news trading!

  • #21
  • Dec 14, 2006 4:39am Dec 14, 2006 4:39am
Quoting OwenT
fxmasterjedi, if it is true it's ok for me. I'm ok to pay for bloomberg if I'm sure that I can trade the news with quite big amounts.
There are only a handful of ppl who be able to do this properly and whilst I dont know you, since you're using a service and not doing this on your own I can be pretty confident in saying you dont have the appropriate skills and experience to pull this off in the wholesale mkt
  • #22
  • Dec 14, 2006 4:41am Dec 14, 2006 4:41am
Quoting fxmasterjedi
He's not faster. The moron uses BB. That's another reason BB is going after him. How would you feel if someone was discounting your product while actually using it to generate $50K+/mo. off of it?

BB is the fastest. BB is almost a second faster than Reuters which is second fastest.
Correct for the majority of cases. But there are certain figures that are always faster on reuters or even mni
  • #23
  • Dec 14, 2006 4:44am Dec 14, 2006 4:44am
Quoting OwenT
Thx MaXeY,

for the moment I try to test MB but it seems very difficult to be filled.
IFX is a MM or a ECN?
As you're obv determined to try and make easy money by getting in before the mkt moves, try currenex if you have the approrpiate setup. Of all the ecns is has the highest liquidity and therefore tightest spreads over figures. MB is a joke and you won't get filled. Dont even bother with fxall
  • #24
  • Dec 14, 2006 4:49am Dec 14, 2006 4:49am
thank you sccz97.

I thought that currenex was a type of platform used by different brokers. Which brokers are using currenex?
  • #25
  • Dec 14, 2006 4:59am Dec 14, 2006 4:59am
Quoting OwenT
thank you sccz97.

I thought that currenex was a type of platform used by different brokers. Which brokers are using currenex?
Owen,

To achieve what it seems you would like to do with your trading, you may have to move to an institutional platform that has a direct feed to Currenex. Because of forum rules, I am not at liberty to discuss brokers, but I can give some suggesstions offline.
  • #26
  • Dec 14, 2006 5:03am Dec 14, 2006 5:03am
fxmasterjedi could you pm me please.

Many Thanks
  • #27
  • Dec 14, 2006 5:32am Dec 14, 2006 5:32am
What diffrance between

MM or a ECN


Quoting OwenT
Thx MaXeY,

for the moment I try to test MB but it seems very difficult to be filled.
IFX is a MM or a ECN?
Charting Markets into the Future...MǎҖ€¥.
  • #28
  • Edited 5:41am Dec 14, 2006 5:40am | Edited 5:41am
Quoting MaXeY
What diffrance between


MM or a ECN




Sorry guys, I had to slam the Gbp/Usd for 20 pips real quick.


MM - Market Maker ie. dealing desk and can manipulate

ECN - Direct to I/B market with no desk interference.
  • #29
  • Dec 14, 2006 5:43am Dec 14, 2006 5:43am
MaXeY,

you can also look t this thread:
http://www.forexfactory.com/forexfor..._finallink.gif <!-- google_ad_section_start -->Market Makers & ECN’s, Is the grass greener? <!-- google_ad_section_end -->
  • #30
  • Dec 14, 2006 5:49am Dec 14, 2006 5:49am
seems ECN is better, ok thanx

Quoting fxmasterjedi
Sorry guys, I had to slam the Gbp/Usd for 20 pips real quick.


MM - Market Maker ie. dealing desk and can manipulate

ECN - Direct to I/B market with no desk interference.
Charting Markets into the Future...MǎҖ€¥.
  • #31
  • Dec 14, 2006 5:55am Dec 14, 2006 5:55am
BTW,

I am currently seeing anywhere b/t 0-3 pip spreads (I have floating spreads) on the Gbp/Usd at news time, and I am direct through Currenex.
  • #32
  • Dec 14, 2006 6:28am Dec 14, 2006 6:28am
you mean spread at news time in Currenex broker at gbpusd max 3 spread?

Quoting fxmasterjedi
BTW,

I am currently seeing anywhere b/t 0-3 pip spreads (I have floating spreads) on the Gbp/Usd at news time, and I am direct through Currenex.
Charting Markets into the Future...MǎҖ€¥.
  • #33
  • Dec 14, 2006 6:34am Dec 14, 2006 6:34am
Be carefull MaXeY stradling with an ECN is very difficult and when you're trading the news you have a lot of slippage (that's why I used Oanda). I think that with small lots it's great but with big ones you'll have difficulties to find a counterparty during the news and that's why you have a lot of slippage btw (and I supose that Oanda has the same problem).
  • #34
  • Dec 14, 2006 6:36am Dec 14, 2006 6:36am
Quoting MaXeY
you mean spread at news time in Currenex broker at gbpusd max 3 spread?
Yes sir.

My broker just added a new clearing bank (liquidity) this week and my spreads dropped as a result. I am trading the Gbp/Usd with a 1 pip spread right now.
  • #35
  • Dec 14, 2006 6:42am Dec 14, 2006 6:42am
Yea, Straddle techniue now old style for trading, as soon as got some money 'll join to felix like you.

am just wanna get info about brokers as alternative in case of one of them begain bad, like what happens to you.

Quoting OwenT
Be carefull MaXeY stradling with an ECN is very difficult and when you're trading the news you have a lot of slippage (that's why I used Oanda). I think that with small lots it's great but with big ones you'll have difficulties to find a counterparty during the news and that's why you have a lot of slippage btw (and I supose that Oanda has the same problem).
Charting Markets into the Future...MǎҖ€¥.
  • #36
  • Dec 14, 2006 6:44am Dec 14, 2006 6:44am
so u trade the news easily without anyproblems?

no slippage, good fill, no pending...

Quoting fxmasterjedi
Yes sir.

My broker just added a new clearing bank (liquidity) this week and my spreads dropped as a result. I am trading the Gbp/Usd with a 1 pip spread right now.
Charting Markets into the Future...MǎҖ€¥.
  • #37
  • Dec 14, 2006 6:48am Dec 14, 2006 6:48am
Quoting MaXeY
so u trade the news easily without anyproblems?

no slippage, good fill, no pending...
No slippage, I get filled most of the time. I would say 4 out of 5 WILL get filled.
  • #38
  • Dec 14, 2006 7:07am Dec 14, 2006 7:07am
cool, its better than oanda, so OwenT you should move to this broker.

Quoting fxmasterjedi
No slippage, I get filled most of the time. I would say 4 out of 5 WILL get filled.
Charting Markets into the Future...MǎҖ€¥.
  • #39
  • Dec 14, 2006 7:13am Dec 14, 2006 7:13am
Which broker is this that offers currenex? PM me someone please
  • #40
  • Dec 14, 2006 7:21am Dec 14, 2006 7:21am
Vishal, there are quite a few brokers offering currenex, just do a google and you will find the names. Now currenex is only as good as the broker its tied to, and depending on the account size you have, the brokers send you more or less liquidity, for example someone trading million dollar account vs the standard 35-50K minimum for currenex, the million dollar account would obviously have more liquidity offered. Best thing would be to ask someone who is already using currenex with a certain broker and how their fills are and what kind of experiences they had..
0 traders viewing now