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  1. S

    Scalping is risky ?

    Thanks a bunch for the calendar. By amounts, I meant there are certain equities that really have maximum and minimum trade efficiencies (more of minimum). If traded less or more than those amounts one has to work really hard to make a penny or would be risking just too much so was wondering if...
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    Best Forex commission rates?

    You mean you plug Sierra into IB and not the other way around - correct? I see IB has an option in menus to use their party data providers. Or does Sierra come it's own program and you run IB and your other two brokers and it brings all three brokers into one interface?
  3. S

    Best Forex commission rates?

    I never thought they would engineer the ask / bid size but it sounds some do and call it pips fees... How much do Ensign and Sierra cost? How many book orders can you open simultaneously or receive through their API?
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    Scalping is risky ?

    Thanks for insight. Is there a calendar for Fed days? Or just listen to news? So DOM (book order depth) is the best tool for you? For NQ what is the *minimum and what is the maximum (average) amount of money that one should play with for each trade? (Based on what you see; I understand this...
  5. S

    Best Forex commission rates?

    $70 is way too high. Thanks for clarification. IBKR is $20. And do they charge in pips too on top of this $70? Can you tell us the good and bad about fxview? I would call them way too low either because again IBKR has that same price but I agree it seems like the lowest price available. I would...
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    Best Forex commission rates?

    70 what? Dollars? I saw $3.5 each side which I take as $7.0 fee for each transaction + 0.xx pip commision percentage.. By the way what does mm stand for?
  7. S

    Best Forex commission rates?

    Explain please.
  8. S

    Best Forex commission rates?

    NP, yeah, they have different leverage maybe.... About my question of finding my transaction in records - is that possible?
  9. S

    Best Forex commission rates?

    $1.75 per what? Not good with terms yet.
  10. S

    Best Forex commission rates?

    Can you please explain the advantage of CFD in this case: "alternatively". As it seems you mean $25K doesn't matter in case of CFDs?! I don't understand why CFDs of a currency pair exist and asked it in another thread but my thirst was not satisfied. Again, thanks a lot for weighing in.
  11. S

    Best Forex commission rates?

    Thanks for all the responses. So between IBKR and I markets it comes down to leverage (1:60 vs 1:500) and 15% savings in fees. When you say ECN, isn't that really multiple ECNs? If there is one ECN then there is a universal system. If multiple ECNs then no central one I assume. If I told you...
  12. S

    Best Forex commission rates?

    1. Means 7$ per 1 Million. But if you have that high volume you should contact their support, they will give you even better prices. I thought they are $3.5 each side (what marketing term - really $7 commision) regardless of our t traded + 0.1 pip which is $0.0001 * 1M = $10 so total of $17. Is...
  13. S

    Best Forex commission rates?

    Thanks for the helpful feedback! 1- Can you please translate the 0.07 and 0.01 in terms of $1M transaction as to how much the fee/commisions will be? 2- You mentioned "out of small brokers". How is small and advantage of any? 3- How do you mean their ECN is the best? Some technical advantage...
  14. S

    Scalping is risky ?

    1- From patterns you see, what kind of days allow you to trade many times and what kind of days are only 1 or 2 trades? 2- What is your average win rate? Can you please give dollar amount and percentage example of frequently happening trade you win? (I am assuming you pretty much don't loose).
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    Scalping is risky ?

    Which pair do you do that is less than 1 minute and how what is the minimum amount you play with?
  16. S

    Scalping is risky ?

    1- Which pairs you find are the best for scalping? 2- Do you trade multiple pairs at the same time or do you exclusive work with one pair? 2- How do you wrap your mind around pairs that are not your local currency when trading? (serious questions) :)
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    How do people fail at this?

    Side question: Are brokers allowed by law to look into all accounts and see who does better and look at what they did? OR are there very rigid laws around this that prevents them from looking at the database? Otherwise, I am assuming they hold a lot of power having all these trades made at their...
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    Best Forex commission rates?

    IBKR is charging something like $20 USD for $1 million transaction. Their margin rate is 1.25% or 1.55% for overnight. IBKR provides 5 decimal places for Forex trading on USD. 1- Is there anyone else who charges less in both commissions and margin rates or in one? 2- Does any other provider do...
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    Does leverage magnify the commission I must pay my broker?

    Is leverage same as margin account? If yes, I understand what is said above that commissions have nothing to do with using margin as overnight margin interest applies separately. My question for this whole thread is, why has everyone else been talking about spread and pips when it comes to...
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    How is CFG forex trading different from Spot Forex trading?

    Commissions are confirmed to be the same at least with IBKR. As such I am assuming margin interest is also the same for over night. Taxes are blind to types of equity traded at least in Canada. It's profit that counts not what was trades unless it's in a retirement plan of some sort. I guess...
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