Cornix's Forex Trading Journal

Quote from cornixforex:

Trade both, but mostly spot. Spreads these days allow for very tight stops.

really?? :O i doubt the spread of spot in real-time will vary which some fx broker may not allow you to place tight stop (they have the min distance needed to place stop right?), & even if u can do it, the sudden increase in spread will hit you though there's actually not a tick change seen in the fx futures.
anyway, am always skeptical bout those spot fx brokers, they look more like online casino operators to me.....:D:D
 
Quote from soonhwei:

really?? :O i doubt the spread of spot in real-time will vary which some fx broker may not allow you to place tight stop (they have the min distance needed to place stop right?), & even if u can do it, the sudden increase in spread will hit you though there's actually not a tick change seen in the fx futures.
anyway, am always skeptical bout those spot fx brokers, they look more like online casino operators to me.....:D:D

Spread increases around big news @ Oanda and yes, occasionally may stop you out. But generally no problems about it. It doesn't anywhere near turn profitable strategy into losing one. :)
 
Quote from cornixforex:

Spread increases around big news @ Oanda and yes, occasionally may stop you out. But generally no problems about it. It doesn't anywhere near turn profitable strategy into losing one. :)

why not trading 6E? the daily size is bout 150k contracts should be liquid enough for most people.
 
Quote from soonhwei:

why not trading 6E? the daily size is bout 150k contracts should be liquid enough for most people.

Yes, but average deal cost is higher vs. spot @ Oanda. Adds up when you have 10's of trades a month and tiny average profit per trade.

And as for news, I don't trade the big news anyway, so spread widening is not an issue practically.
 
Absolutely, no commission, spreads tighter, why would you bother with futures ?

If you don't trust your broker you can always bring back your profit on a bank account and only leave the necessary working capital with your broker !

It seems the euro forgot to say hello before leaving this morning :)
 
Quote from Joman:

Absolutely, no commission, spreads tighter, why would you bother with futures ?

If you don't trust your broker you can always bring back your profit on a bank account and only leave the necessary working capital with your broker !

It seems the euro forgot to say hello before leaving this morning :)

:D:D no comment, leave it to you guys ;)
 
Quote from Joman:

Absolutely, no commission, spreads tighter, why would you bother with futures ?

If you don't trust your broker you can always bring back your profit on a bank account and only leave the necessary working capital with your broker !

It seems the euro forgot to say hello before leaving this morning :)

Yeah, this problem only actual for crappy "brokers", not for spot FX as a whole.
 
Quote from soonhwei:

:D:D no comment, leave it to you guys ;)

Whatever you feel better/safer to trade is the best for you to trade. :D

I have no reason to convince anyone to trade one market or another... Just share my own experience, which is not negative regarding the spot FX brokers I used.
 
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