How much effect do our trades have on the price? | Forex Factory

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How much effect do our trades have on the price?

  • #1
  • First Post: Jan 10, 2008 10:03pm Jan 10, 2008 10:03pm
Newbie trader here. I've been demoing for a few months, today was my first day of live trading.

I was in a trade for several hours. It wasn't going anywhere, and I didn't want to be in a trade anymore tonight, so I closed it out at even money. Immediately after I did that.. and I'm talking literally about 1 minute after I clicked the button... the price spiked like 40 pips, through my original target and then some.

So was my timing just incredibly un-lucky and my couple lots were just a drop in the bucket, or did I actually have some sort of effect on that by closing my position?
  • #2
  • Jan 10, 2008 10:05pm Jan 10, 2008 10:05pm
Quoting British
Newbie trader here. I've been demoing for a few months, today was my first day of live trading.

I was in a trade for several hours. It wasn't going anywhere, and I didn't want to be in a trade anymore tonight, so I closed it out at even money. Immediately after I did that.. and I'm talking literally about 1 minute after I clicked the button... the price spiked like 40 pips, through my original target and then some.

So was my timing just incredibly un-lucky, or did I actually have some sort of effect on that by closing my position?
Fluke. Your trade has absolutely zero influence unless you're trading millions and event hen your influence lasts about 5 seconds.
  • #3
  • Jan 10, 2008 10:14pm Jan 10, 2008 10:14pm
British

You'll see many, many flukes, but like renegade said, that's all it was. You'll see so many that you'll think your broker is picking off your trades, but that's not the case. Just poor luck today.
  • #4
  • Jan 10, 2008 10:18pm Jan 10, 2008 10:18pm
Yeah, I guess that's what I figured. I shouldn't complain, as I did make 26 pips on my first day! Just... if I had waited 5 more minutes to close that position, it would have been twice that. Argh!
  • #5
  • Jan 14, 2008 5:03pm Jan 14, 2008 5:03pm
NONE mister money bags. LOL

http://picnac.com/images/3183noob sensors indicatte.jpg

Just having fun.
  • #6
  • Jan 14, 2008 5:43pm Jan 14, 2008 5:43pm
Now this is funny
  • #7
  • Jan 14, 2008 5:57pm Jan 14, 2008 5:57pm
Why are you taking the michael out of someone in the beginners forum asking a beginners question?
No man is smart, except by comparison to those who know less!
  • #8
  • Jan 14, 2008 6:25pm Jan 14, 2008 6:25pm
I'm almost sure if you trade long enough you will have another situation where you close out your position and then immediately the currency drops like a rock and you just spared yourself 40 pips of losses.
  • #9
  • Last Post: Jan 15, 2008 12:36am Jan 15, 2008 12:36am
This has been asked previously. Please check the search feature for your answers before posting and you will find that you may find an answer a lot faster.

Quoting British
Newbie trader here. I've been demoing for a few months, today was my first day of live trading.

I was in a trade for several hours. It wasn't going anywhere, and I didn't want to be in a trade anymore tonight, so I closed it out at even money. Immediately after I did that.. and I'm talking literally about 1 minute after I clicked the button... the price spiked like 40 pips, through my original target and then some.

So was my timing just incredibly un-lucky and my couple lots were just a drop in the bucket, or did I actually have some sort of effect on that by closing my position?
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