FXCM is like hit or miss. You may get execution once in a while. For me it's approximately once in a month. There are other brokers (like Oanda, ACM) where you can get better execution, but the deviation from expectation has to be substantial to make a good profit from spike trading when the spread is large.
- #22
- Sep 17, 2007 3:06pm Sep 17, 2007 3:06pm
I agree with the last comment about deviations needing to be large. I guess you can always get "filled" on a spike as long as you're willing to take whatever price, but unless the deviation is there, you can get hosed (that's happened to me too).
I don't think I'm doing anything differently, except maybe taking a bigger risk with limit orders (i.e. setting orders far enough away from market to get filled). But there's the downside of that as mentioned.
Anyway, no magic bullet here or magic broker; didn't mean to imply there was
like anything, sometimes it works, sometimes it doesn't.
But best wishes to everyone however you may be trading...
I don't think I'm doing anything differently, except maybe taking a bigger risk with limit orders (i.e. setting orders far enough away from market to get filled). But there's the downside of that as mentioned.
Anyway, no magic bullet here or magic broker; didn't mean to imply there was
like anything, sometimes it works, sometimes it doesn't.But best wishes to everyone however you may be trading...
