DislikedEFX charges you $10 per standard lot round trip, while Interactive Brokers charges $4. Does this make sense?
Even $4 is a lot if you scalp. You end the day with more than $100 in comissions to pay very easely.
In addition, IB offer the BookTrader, a nice ladder with the prices, very good to enter orders and watch the price move.
Only problem with them, very complicated platform, But you get used to this and you enjoy it after the first month.Ignored
- | Joined Jul 2007 | Status: Multiply your Masters Talents | 227 Posts
- Joined Mar 2007 | Status: ~~~~~~~~~ | 3,692 Posts
Only problem with them, very complicated platform,
IB looks like it could be good... if I can figure it out!
Good weekend (at least!) project!
The difference between the Web Trader Demo and Trader Workstation Demo
is like riding a tricycle vs. flying the Space Shuttle!
Well, I'm here to learn! So here I go...
FXS
The difference between the Web Trader Demo and Trader Workstation Demo
is like riding a tricycle vs. flying the Space Shuttle!
Well, I'm here to learn! So here I go...
FXS
Anyway you cant compare Ferraris with Hundais..-)
- | Commercial Member | Joined Mar 2004 | 1,253 Posts
VERY well said FXsurfer! Concentrate on BookTrader, its easy, you see bid/ask orders in volume waiting to be filled, you can bypass them, the ladder is telling a lot about the trend, very rewarding.
Anyway you cant compare Ferraris with Hundais..-)
http://img394.imageshack.us/img394/1505/rainbowzz1.png
- Joined Mar 2007 | Status: ~~~~~~~~~ | 3,692 Posts
and the Rainbow will keep you on the road... LoL
Demo I'll need something to keep me on the road! Is that for real?
If so, how can we trade 5 sec.? Even "slow" pairs like E/U are all
over the road!
:surprised
FXS
- Joined Mar 2007 | Status: ~~~~~~~~~ | 3,692 Posts
Thanks to this thread I finally feel like I'm at least
beginning to get the first two spokes of the
Wheel of Success in the Mantra!
It's a long road!
Many Thanks LT and All!
FXS
beginning to get the first two spokes of the
Wheel of Success in the Mantra!
It's a long road!
Many Thanks LT and All!
FXS
- | Commercial Member | Joined Mar 2004 | 1,253 Posts
Master, I see that Aud/jpy looks good on rainbow to..
- Joined Mar 2007 | Status: ~~~~~~~~~ | 3,692 Posts
Master, I see that Aud/jpy looks good on rainbow to..
on how it's going with this pair? I'm sticking to the advice of following
one pair at a time. E/J for me. 0 spread is tougher to get, from the
looks of it but 1 pip is very frequent (plus commission, of course).
Thanks!
FXS
BTW: Spreads ,commision and execution all look THE BEST on IB.
(remember though: I'm a NB!) But, the Demo is simulated from past data
somehow. I really haven't figured out the data price stucture yet
with them. The prices are different than EFX and OANDA on E/J.
Do I have to throw down 5K just to see if I like them live?
If so, I may be starting with EFX first
.
A/J looks very good on the EFX spread meter! Could you keep us posted
on how it's going with this pair? I'm sticking to the advice of following
one pair at a time. E/J for me. 0 spread is tougher to get, from the
looks of it but 1 pip is very frequent (plus commission, of course).
Thanks!
FXS
BTW: Spreads ,commision and execution all look THE BEST on IB.
(remember though: I'm a NB!) But, the Demo is simulated from past data
somehow. I really haven't figured out the data price stucture yet
with them. The prices are different than EFX and OANDA on E/J.
Do I have to throw down 5K just to see if I like them live?
If so, I may be starting with EFX first
Some times when Eur/jpy and Gbp/Usd are not moving much.. this is moving a lot and the spread and cost of the comision is very good..Just look at it once in a while...
- Joined Mar 2007 | Status: ~~~~~~~~~ | 3,692 Posts
I really haven't figured out the data price stucture yet with them. The prices are different than EFX and OANDA on E/J.
Maybe I'm just looking at a different animal.
I'm not sure.
FXS