Thinkorswim FX

Ummmmmmm, 3 wide on the EUR, I don't think that is so great. Unless they are not 3 wide. Three wide for you rookies means you need to move 6 to break even, not a platform for scalping. Maybe position and swing would be OK.


The Ever Not Liking Three Wide Viper
 
Quote from TradeViper:

Ummmmmmm, 3 wide on the EUR, I don't think that is so great. Unless they are not 3 wide. Three wide for you rookies means you need to move 6 to break even, not a platform for scalping. Maybe position and swing would be OK.


The Ever Not Liking Three Wide Viper
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3 wide means you have to move 3 to breakeven.
 
Sample EUR trade of a 3 pip trade:

BID 1.3471
ASK 1.3474

You bought 1 lot at 1.3474 (the ASK). On a platform where there are no commissions, you just have to sell for the price you bought it at.

You sold 1 lot at 1.3474 (BID you would need to break even, based on 3 pip spread, ask at this point would be 1.3477)

Total movement 3 pips, not 6.
 
Quote from squall:

Any updates to whether ToS is a market maker or ECN?
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"There is a small dealing spread between the bid and the offer and the transaction fees are included in that spread."
 
Quote from TradeViper:

Three wide for you rookies means you need to move 6 to break even, not a platform for scalping.
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Maybe you need some advice from the rookies lol :D
 
Have had conflict with Thinkorswim CEO 6 month before
for simple reason .

After that with start of thinkorswim FX moral decreased
from pure agent to market maker .


P.S. Mr.Sheridan before start of TOS was market-maker by CBOE
 
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