You are right the spread is nothing but it's the idea that you are forced to pay it which is the problem.
It's nothing but it just seems inherently wrong, like a rigged game.
I"m a CME member and wanted to avoid trading the eurofx products but it looks like i"m not gonna have a choice.
I may jump into some spot fx trading at some point after I see how the futures go.
Thanks to everyone for all your help.
I thought i read on their webpage that they gave you interbank mkt access but that's not the case.
Seems to me like the FX market is a scam unless you hold long enough to where paying the spread doesn't matter in the big picture.
Looks like a good trade but I don't want to join a rigged game.
Are their spreads better than trading through a regular market makign firm?
What i find disturbing is that as soon as you enter a trade you are immediatly down 6 pips which is no good if you are daytrading.
You can open an account with $2500 and get access to the interbank market, access to all their research etc.
What am I missing?
It sounds like the best deal out there to me so somebody tell me why it isn't.
NO shit, I know how to trade buddy but thanks for the help. I'm a spread trader anyways so these little fluctuations don't matter to me.
I never complained about it either, I was merely stating a fact.
DID THE PETITION EVER GET PASSED AROUND?
I was just curious about what happened if...
Ok, it's not manipulative it's perfectly great, I even love the guy for doign it, if I ever meet him I will give him a hug, thank him and buy him a beer.
Does anyone know if the petition was ever passed around?
It's fake because he has no intentions of having any of it filled, he's getting out of a long when he bids it and a short when he offers it.
Like the 1250 offered in the minis this am that was there for about 3 seconds.
my question was whether or not the petition was ciruculated that's...
Right, whatever.
Did the petition ever get passed around?
I dont' care what he does, it's very easy to recognize nor am I complaining about it because it's only suckers that fall for it.
Did the petition I read about on this forum ever get circulated because it doesn't seem like anything has changed, 990 still controls the trade with his fake orders.
What disturbs me not the fact that he does it but the fact that he's been able to continually do it with no consequences...