Quote from slapshot:
there is a much better way to trade FX.
Really? Let's check it out...
Quote from slapshot:
I trade EC & JPY Globex futures, with 1 pip spreads, no slippage
The fills are much faster. The trading software doesn't freeze.
My stops get filled 100% accurate. My entries are 100% accurate. I don't get scammed into fills where the price chart never travels.
Oanda's usual spread on Eur/Usd is .9 pips, and around 1.6 pips on Usd/Jpy, no additional commission to pay. How much does it cost
you in commission for a round trip?
Sure they might shade price but it works equally in my favor as it does against me, they don't quote individually. I get
instant fills even across volatile data like NFP, you can't get much faster than
that!
My stops also get filled '100% accurate', and if any order was filled on a misquote (bad tick) it gets reversed, again that works equally in my favor as it does against me, sounds fair to me.
Quote from slapshot:
I can spit the spread anytime I want and get filled almost always, unlike your fixed FX platform bid/ask quotes where the spreads are fixed and it costs you 2 - 3 times as much to roundtrip as I pay.
lol, how is .9 pips and no commission
"2 - 3 times as much to roundtrip" as you pay?
Quote from slapshot:
I have never once had to call my broker and complain that they fucked me, since I trade the CME against other traders and MM's, not a Dealing Desk who is only going to fill me corrrectly if it is to their advantage.
Any problems I've had with erroneous fills have always been sorted out swiftly and efficiently, where's the problem? Bad ticks happen, it's a fact of life, but they're always sorted out and trades are reversed if necessary.
Quote from slapshot:
Can you say the same with Oanda or any other dealing desk shop? The answer is "no" or there wouldn't be a thread like this (and the multiple other ones just like it).
How do you think they make their money? By giving YOU optimum fills? You are a fool it you think that.
Ok, so you quite obviously don't understand the way these shops operate. Most of them make their money by running two books, they hedge on aggregate above a certain threshold, and they shade price. Sure they went through a spell of platform 'problems' and some very 'unusual' quotes, but they've obviously sorted out whatever the 'problems' were, so far this year (across >300 trades) there hasn't been one problem so let's hope it lasts!
Quote from slapshot:
So before you call anyone else ignorant, you should get some facts.
If you think I am wrong, then why don't you make a comprehensive argument about why what I said is not true instead of just posting insults, you troll?
I think it's you who needs to get your facts straight, read your first post where you say daytrading and scalping a dealing desk is "just plain stupid", and my reply which proves your theory is just plain misguided nonsense. The
facts speak for themselves.
I'm always happy to have a sensible balanced debate about the pros and cons of trading spot with a bucketshop marketmaker vs an ECN or trading futures, for me they offer a valuable service and if you look at the trading blotters I posted you'll see that intraday scalping is in fact not only
not stupid, it can be extremely lucrative!
At the end of the day it's what we're familiar and comfortable with which counts, and if we're consistently making money then it simply can't be wrong.
