yeah, like they got a guy just sitting there waiting for your 5m trade so they can screw you.Quote from Hurricane:
Of course I hope you're wrong. Every positive thing I've ever said about IB is based on their transparent handling of transactions. They do what you tell them to do very well and very inexpensively (including spreads, slippage, etc.) But if they're taking the other side of any trade at an inferior price, marking up prices, widening spreads, etc., then . . .
Forex trading size
- Thread starter Stok
- Start date
Quote from Hurricane:
Of course I hope you're wrong. Every positive thing I've ever said about IB is based on their transparent handling of transactions. They do what you tell them to do very well and very inexpensively (including spreads, slippage, etc.) But if they're taking the other side of any trade at an inferior price, marking up prices, widening spreads, etc., then . . .
I believe he was referring to market makers when he made that comment. Which if you think about it, it's true. And IB is not a market maker.
with everyone out there getting screwed, does anyone have any time left to actually trade anything....?
who gives a damn about a few ticks.
all the players need to make a few nickels on the way thru and all get to feed at the same trough.
paranoid schizophrenia abounds in this area.
when you get to be size you still get to win if your direction is right.
scalpers will continue to get scalped.
you pay to play.
deal with it or get a real job.
cheers,
s
who gives a damn about a few ticks.
all the players need to make a few nickels on the way thru and all get to feed at the same trough.
paranoid schizophrenia abounds in this area.
when you get to be size you still get to win if your direction is right.
scalpers will continue to get scalped.
you pay to play.
deal with it or get a real job.
cheers,
s
what the heck are you calling size? Anything less than 5 million is still a retail podunk punter. Sounds like an apple and oranges argument between ECN and MM. I still want to hear somebody tell me how the ECN can screw me. Will the mm screw you? heck yes, you should have known that going in. Ask for a prospectus if you ever want to invest in an mm and they will tell you that up front.
An ECN can screw you in the following way: let say they post the best asking price for EUR/USD at 1.2700 - 1 MM size. The posted price could be a lie as the best price they could be getting from their liquidity providers at that time is actually 1.26997 - 1 MM size. However, instead of posting the best price of 1.26997, they post 1.2700, thus making a 0.3 pip profit from you if you take the offer.