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Forex trading size
- Thread starter Stok
- Start date
ok, then I stand corrected, but I'd hardley call displaying the price rounded to the nearest .5 pip getting screwed, especially when it is not uncommon to get filled at the better price. But then again, I'm not trading 20m.Quote from dewton:
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.
there is a reason why most consistently profitable speculators use spot market and phone.
although never trading big size, got a fair share of screws. Enough to decide to move away from shortterm trading.
Some math: there is around100k contracts net short position in eur. This is 10B. Moving market 3% gives profit potential of 300M. Most of it will go to the guy running the show. There is maybe 20M left for others to pick up. Not that much really.
Intraday, divide these numbers by 100.
although never trading big size, got a fair share of screws. Enough to decide to move away from shortterm trading.
Some math: there is around100k contracts net short position in eur. This is 10B. Moving market 3% gives profit potential of 300M. Most of it will go to the guy running the show. There is maybe 20M left for others to pick up. Not that much really.
Intraday, divide these numbers by 100.
yes, that may be true, but how does that affect a small trader like me who may at any moment buy or sell at the market a small position?Quote from macroman:
there is a reason why most consistently profitable speculators use spot market and phone.
although never trading big size, got a fair share of screws. Enough to decide to move away from shortterm trading.
Some math: there is around100k contracts net short position in eur. This is 10B. Moving market 3% gives profit potential of 300M. Most of it will go to the guy running the show. There is maybe 20M left for others to pick up. Not that much really.
Intraday, divide these numbers by 100.
The Original Posters question was when in spot forex especially with an ECN like IB does size become an issue? He already states he can move 2 to 4m with no problem, but he is looking ahead to 20 to 60 m.