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Being a market maker doesn't mean the broker profits when you lose. Often a broker will hedge their net exposure. Liquidity is provided easily since you're effectively holding money... the most liquid thing there is by definition. The broker doesn't put the cash up for you though, their...

Mm... so if you add to the current inside quote (NBBO) then you'll get the extra amount? Interesting.. I know what I'm checking tomorrow morning at the firm. *evil laughs*

Ahhh.. there's the catch. And that makes a lot more sense now. I was just noticing the rate they posted on their website's main page, which doesn't go into that level of detail.

Just noticed that BATS charges the same fee to remove as it gives to add (0.0029)... Did I read that right? How are they making money if there's no spread between givers/takes of liquidity?

They are Orbixa now.

They only offered it because it was the #1 request by their users for a few years running... sad really, they bent to the request of the bust-out masses and now we have this half-born MT4 setup that is only giving them a bad name. I love fxTrade... way better overall and no issues with...

Don has more than earned his credit and reputation on these boards as someone who's helpful, informative, and passionate about trading. The guy sends business to his competitors, should they be a better fit for someone asking his advice, over trying to burn everyone just to get a bit more...

That doesn't mean you're good, just that you trade size. I know a lot of traders who think they're good pushing volume... 'think'... Anyhoo.. any order over $10Mill takes a moment to fill since they make sure they have the liquidity ready to deal to you at the quoted price. If they...

Oanda averages about 1.2 pips on EUR/USD during the overlap between London and NYC sessions and up to 4pm EST on NYC session.. Then it goes to about 1.4 pips total spread during the Asian and early London session. In between the sessions they can go higher, ~2+ pips. During news releases...

I agree. I totally gun for sales and such when a good quality product is available on the cheap. But there's a world of difference between being a frugal consumer and what this guy is doing...

Short answer: not exactly. Long answer: don't count on any offshore firm protecting you from the local tax man. There's always a chance that one day they give in under pressure... just like UBS. Also, good choice with Oanda, I forgot they have a HK branch... leverage rules are a bit...

The 5% in this case is over time. Profitable accounts in done within that calender quarter. Even shitty traders have up months. Inactive/busted out accounts are dropped from the list, the stats only include active accounts. I'd say the 5% profitable is still in the right...

Watch T&S and make note of which exchange the order flow is going though on a given security.. this matters, sometimes algos and traders will pull their orders on a stock and let it move up or down a penny without much actual volume pushing it... so follow the volume. That aside, the order...

Yeah, I reworded my post above before you responded but after you must have clicked "quote". Was having a frustrating day (not trading related) and read too much into your response. Plus I had just finished reading about 3 threads here on ET where the posters were completely full of...

Ok, sure dude... I try to help by pointing out a cheaper way of getting the same thing done and you pull any technical reason why I'm "wrong" out from your position that you previously hadn't mentioned. You're welcome. I wish you and your "thousands" of newly minted profit the best of...

So what? You had a synthetic USD/JPY position on... http://www.babypips.com/school/creating-synthetic-pairs.html Same result, less positions, less total spread/cost... Every dollar you made on the short AUD/USD that had to do with the Australian dollar losing value was...

You JUST talked about how EUR/CHF is going down and thinking SNB might wait til it comes up before pounding it again... and then you go on to create a EUR/CHF synthetic short. What gives dude? Need help understanding currency exposure?

Why didn't you just go long USD/JPY ? Same exposure as your synthetic, and usually there's a smaller transaction cost with the dollar/yen overall compared to the cross and AUD/USD.

If you want a reason to short AAPL, you won't find it in this...

You're joking right? You do realize that one time zone's 3 hour chart is going to be different than another's... As well, do you have any idea how much money it takes to move the FX market significantly?