What is a 'large' position? | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA open position on demo, but not open position on real account. Any Comment 7 replies

Close Losing Position, Set Trailing Stop to Winning Position 2 replies

Large account + large volume - Optimum Clearing Options? 13 replies

What are the spreads for the majors on a very large position? 8 replies

Long position or short position 6 replies

What is a 'large' position?

  • #61
  • Dec 7, 2010 5:12am Dec 7, 2010 5:12am
Quoting fx111
What is considered medium sized? Max 5 lots?
I'd say max 10 lots, something like that. There ARE people with large accounts trading with Oanda who have no complaints, but Oanda is no ECN and if my orders are that large, I personally would prefer that they are anonymously passed to multiple larger liquidity providers instead of remaining within the market maker's internal orderbook.

Quoting dwt
Platform wise, I suggest you have a look at Ninja Trader.
I used to use NT (before switching to my own custom-made stuff). Good platform indeed.
  • #62
  • Dec 7, 2010 5:30am Dec 7, 2010 5:30am
Quoting foracy
I agree that IB spread is good and execution is pretty ok too. However they have a minimum transaction fee of 2.50 which makes them pretty expensive when you do not trade full lots.

Their API is awfull and the platform technology is outdated. Cobbled together years ago and now affraid to touch it. If you want to use api technology their are better brokers out their when trading forex.
that's why people who aren't just playing-around use them as this "big cost" becomes a "negligible cost" compared to their bankroll, coupled with ninja-trader to do the nitty gritty. i don't know if i have ever heard of someone with IB who isn't using ninja. seems like they pair perfectly.
Congratulations ScalaFX for coming out of the closet!
  • #63
  • Dec 7, 2010 6:40am Dec 7, 2010 6:40am
Quoting nubcake
i don't know if i have ever heard of someone with IB who isn't using ninja. seems like they pair perfectly.
Yeah it's a great combination; though I do know some IB stocks/futures traders who don't use NT.

Honestly though, I don't believe the type of platform should have any major effect on a trader's profitability. I believe a profitable discretionary trader should be able to be profitable on any of the major platforms. It's just that when you find what exactly you as a trader need to be looking at when trading (depending on your style), the rest of the bells and whistles of the platform become pretty much useless. That's why I switched to my own custom software, it only has what I need to see the way I like to see it and nothing else.
  • #64
  • Last Post: Dec 7, 2010 8:33pm Dec 7, 2010 8:33pm
Quoting Rex Tradewell
Wow, somebody actually sticking their neck out a bit and giving broker advice. I'm sure alot of people will appreciate that. I know I do. I'm with fx sol. for last three years.

I’m extremely grateful to Marv and the others, including you, for providing broker advice as I believe that, next to a robust methodology (as opposed to a purely mechanical system), a good broker is the most important aspect of trading. It also affects your profitability and psychology – will they stop-hunt me, will they honour my huge position sized profit, will they allow me to keep on winning trades for year after year, will their connection break at a crucial time in the trade etc?
0 traders viewing now