Every forex broker is evil?!
- Thread starter WmWaster
- Start date
. I'm really amazed by the "spreads" some brokers can get away with.:eek:Yeah, I know what you mean. However if you compare interbank quotes with most of the non-commission brokers, you will see the difference.
Being charged .00002 (2/10 ths of a pips like IB does) or being charged a 1 to 2 pip difference from the interbank or fixed 3 pips...
Then the difference is clearer. Plus the idea of a broker playing against you (non-commission/non-ECN) is not appealing in the least.
"Then you can enter a trade at one and put your stop in on the other"
I'm having a difficult time understanding this logic, can you elaborate?
Thanks for the response 2 cents. That was really helpful.
glad i helped ;-) ... more seriously, it's a function of how dealer's inventory management / price shifting is generally performed... there are papers on this if you really need to know - do yr research... - but basically:
1) go with what roberk says and we'll all save ourselves time for our trading
2) if you want to observe price shifting, simply open 2 accts at the same broker (under different names or whatever you'll have to do...) and take a position on one acct and none on the other, and you'll get an idea
1) go with what roberk says and we'll all save ourselves time for our trading
2) if you want to observe price shifting, simply open 2 accts at the same broker (under different names or whatever you'll have to do...) and take a position on one acct and none on the other, and you'll get an idea
Well thanks for giving an informative response. I understand what you mean by price shifting/manipulation. But I don't understand what Roberk means when he says to take a position with one broker and set your stop with another.