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Trading without a Broker

  • #1
  • First Post: Dec 5, 2009 7:04am Dec 5, 2009 7:04am
Is it possible to trade without a Broker to avoid paying spreads.

Thanks
Annoying Precision
  • #2
  • Dec 5, 2009 7:33am Dec 5, 2009 7:33am
There is no Market without Spread a.k.a Bid and Ask

and that's how prices are set.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #3
  • Dec 5, 2009 7:45am Dec 5, 2009 7:45am
Makes sense. Thanks
Annoying Precision
  • #4
  • Dec 5, 2009 7:49am Dec 5, 2009 7:49am
The markets are efficient, I promise
Annoying Precision
  • #5
  • Dec 5, 2009 9:29am Dec 5, 2009 9:29am
Quoting SkyzerFX
There is no Market without Spread a.k.a Bid and Ask

and that's how prices are set.
There are condtions where spreads are 0 or even negative.
  • #6
  • Dec 5, 2009 10:58am Dec 5, 2009 10:58am
what are the conditions?
Annoying Precision
  • #7
  • Dec 5, 2009 11:28am Dec 5, 2009 11:28am
You won't find them during normal volatility. On MB Trading where you have
true market spreads you can see 0.0 spread sometimes for a few miliseconds.
  • #8
  • Dec 5, 2009 12:34pm Dec 5, 2009 12:34pm
Quoting Tjpld
You won't find them during normal volatility. On MB Trading where you have
true market spreads you can see 0.0 spread sometimes for a few miliseconds.
How quick is your trigger finger?
Is it Break Time yet?
  • #9
  • Dec 5, 2009 1:04pm Dec 5, 2009 1:04pm
quick enough
Annoying Precision
  • #10
  • Dec 5, 2009 1:16pm Dec 5, 2009 1:16pm
Quoting erikte279
what are the conditions?
On a Currenex platform at a certain broker, I sometimes saw inverse spreads 2-3 minutes after major news releases. On EUR/AUD after an Aussie news release once, I saw an inverse spread of about 13-15 pips for several seconds. I just kept clicking buy-sell-buy-sell a bunch of times and wound up with over $700 profit from it. Trades were not reversed by the broker and I kept the money. Over the course of a couple years I was able to do that many times to the tune of thousands of dollars of profit.

But that's a tricky thing; you can lose as easily as profit, but it worked for me. At MB, you can't execute at inverse spreads though, so it doesn't matter if you see spreads go "negative". They have their platform set up that way. But I could do it on the Currenex platform just fine...
  • #11
  • Dec 5, 2009 1:35pm Dec 5, 2009 1:35pm
Im under the impression you can negotiate your spread with brokers if you post certain volume levels.
Annoying Precision
  • #12
  • Dec 5, 2009 2:09pm Dec 5, 2009 2:09pm
Quoting Tjpld
On MB Trading where you have
true market spreads you can see 0.0 spread sometimes for a few miliseconds.
You'll still have to pay the spread when you close your position, unless you have again 0 pips spread. Because when you buy, for example, even if there is no difference between bid and ask it will soon be one. And then bid price could decrease by 1,5 pips while ask remains constant. Now you have a small loss (-15$/lot). From now it could just continue an up movement but with ask!=bid. And I think there are quite small chances to get 0 spread both when you enter and exist the market
  • #13
  • Dec 5, 2009 2:14pm Dec 5, 2009 2:14pm
Quoting erikte279
Im under the impression you can negotiate your spread with brokers if you post certain volume levels.
You can negotiate comission/fee if we're talking about an ECN (eg. MBtrading) but with an ECN you won't be able to have lower spreads since they don't set ones. There are some market makers brokers which have more account types where you can get 1 pip on major pairs, but that only if you fund with sufficient amount of money (over 25.000$).
  • #14
  • Dec 5, 2009 2:54pm Dec 5, 2009 2:54pm
Quoting erikte279
Im under the impression you can negotiate your spread with brokers if you post certain volume levels.
No, you can never negotiate spreads, only commissions (sometimes)...
  • #15
  • Dec 5, 2009 3:10pm Dec 5, 2009 3:10pm
Thanks for the informative answers. Im going to be posting a free EA soon, we wont have to worry about the spread. Check out the "Never Ever lose again" thread.
Annoying Precision
  • #16
  • Dec 6, 2009 2:14pm Dec 6, 2009 2:14pm
Quoting TC East
No, you can never negotiate spreads, only commissions (sometimes)...
You can get a rebate (refund) of part of the spead from willing brokers. There is the spread that is set from the liquidation banks and there is the added pips from the broker to that spread (broker profit/income). Sometimes a broker will give you a cut of thier profit as a rebate as in the case of Introducing Brokers or high notional volume customers.
  • #17
  • Dec 6, 2009 6:13pm Dec 6, 2009 6:13pm
Quoting akatom2u
You can get a rebate (refund) of part of the spead from willing brokers. There is the spread that is set from the liquidation banks and there is the added pips from the broker to that spread (broker profit/income). Sometimes a broker will give you a cut of thier profit as a rebate as in the case of Introducing Brokers or high notional volume customers.
yes i am aware of this
  • #18
  • Last Post: Jan 16, 2011 1:09pm Jan 16, 2011 1:09pm
Quoting TC East
yes i am aware of this

Spreads only exist if you want to trade at market right now. If you know the price you want to play at just put that into the market using a DOM interface. Too many people simply accept the price they're quoted rather than putting a limit order in. That's one of the beauties of trading with an ECN broker rather than a bucket shop. They make it a lot easier.

Not forgetting LMAX of course....probably the future for all those pissed off by the bucket shop rip off merchants.....
He was looking for the card so high and wild hed never need to deal another
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