Maybe the market is trying to tell you something...Originally Posted by ;
Got to ask anybody know??
FXCM they make there money from the 5pip GBPUSD Spread, do they do they make money from me losing money?? If I start making ALOT is that they cancel my account?? Any experience??
Beginning to make money slowly ( long street hello )
Do not intend to leave to much in my account actually, and would not anticipate a spread gambling website in the first location.
Nearly all of my profits are from a FXCM delay, and pc gamer reflex's about news times so that I like my Broker
But on a account I am up #250 place in two months, the Spreads price me #400 easy. If I worked on 2pip GBP spreads I would be flying, but never mind
Well, not the market. The market has not really changed the retail brokers possess. I opened a new account this week.Originally Posted by ;
I wouldn't blame them if they were upfront about it like a casino. Basically they don't need your business if you rely cards. That is fine, I can get an account elsewhere at a snap. Who can complain about that? I get it, the retail brokers want to earn cash. That is alright. The complaints are they explain it away as volatility and everyone may look on dukascopy (or even a dozen other areas ) and the tick chart and see that spreads are remaining tight.
If you open an account using a large, reputable broker you'll find a fixed disperse and expertise little to no slippage.Originally Posted by ;
Should you open an account in Joe's Forex and Nail Salon and you are prepared to pay for slippage then you deserve what you get.
Phil
Phil ! Come on down! Your the next contestant on....Originally Posted by ;
NAME THAT BROKER ! ! !
Dead Keys!!Originally Posted by ;
Stick to your guns as you are right. Call it what it is. The markets are not diating those spreads, the brokers and/or their liquidity suppliers are. END OF STORY.
I don't understand why long term or swing technical traders actually take part in this dialog. It has nothing to do with them. This slippage and extended spread conversation is only relevant for those that play volatility. All of the data players do is communiing to help each other find the best position because of their egy.
You don't see football players trying to design tennis raquets!!!
True, however you do not see many 50-year olds taking up soccer as a sport. Point is. . .what works one day might not work the following. When the brokers are wising up to how volatility in their liquidity supplier eats away in their profit. . .why should the deal spreads? If it keeps the birds from feeding when there isn't enough seed to go about, they then have a right to operate from the fashion.Originally Posted by ;
Let us put it this way. . .lets say you start up a retail shop that sells wrenches. If your wrench vendor raises prices. . .what do you really do? Well, in the event that you wished to stay in business, you better damned well raise your prices. Now, what do you believe that your clients are going to say about this? Well, they'll complain and try to go someplace. . .well, guess what. . .if that vendor increased prices across the board, EVERY retailer could have increased prices and you would still be competitive. So perhaps, brokers are only doing what makes economic sense for them.
There aren't a lot of conspiracies here. . .brokers are adapting to make money. If you find a broker that has not gotten the memo yet, then trust me. . .they will in due time.
If you want to jump brokers, that's fine. . .but that does not make it a conspiracy. Hell, it does not even make your previous broker a poor broker. It merely makes them more aggressive in the market till the rest of the market ches up.
I am by no way loyal to any broker. . .but the something which I DO try to avoid doing, merely because I believe that it's a waste of time, is complain about the broker scenario. I will gladly accept suggestions on who is a good broker. . .but I don't see a reason to harp on a broker unless it is absolutely justified. Let us just say, the whole news/volatility/widened spreads/widened stops/slippage-thing. . .it's only SOOO 3 months past. I like hamburger's suggestion in a different thread. . .let's see what we can do to price the action in (or indicate other brokers that might be better satisfied ). However, the last thing I would like to hear is what's up with Oanda? Did anyone see those broad spreads during NFP? Or my personal-fav damn, the price totaled on FXCM during big B's address, yo, and I like completely got stop-hunted. . .FXCM stinks!! . . .no crime, because I know everyone likes to complain a bit. . .but SHITAKE MUSHROOMS folks. . .stop the insanity and find a new past time.
Please, nobody on this thread get offended...I'm not implying anything. I only want to imply that perhaps system adjustments have to be made rather than trying to address the Poincare Conjecture-like issue of how brokers justify anything. Everybody knows its accurate, but it is quite tricky to prove with certainty. . .AND there isn't going to be a $1,000,000 prize for one to deny if you DO prove it.
Mrmikal,
You have hit the nail on the head. Your explanations were magnificent!
If you don't like your broker, proceed into a trustworthy one. If you do not like 11 pip spreads, then visit a predetermined spread broker at which the disperse never changes. If you do not like slippage go to a greater broker with the liquidity to trade .
If I were a broker and you're dumb enough to cover me 11 pips I wouldn't hesitate to take your cash. 90% of traders eliminate money and you're likely to cover me 11 pips? Sign me up!
Phil
Whether you've got 1 pip or 15 pips its entrance and having trained over 200 traders and trading professionaly for 16 years. You can give me any disperse and I can make money in FX. Of course the the spread the more the grip but of of the ones whom say disperse are consisently currently losing traders seeking to satisfy blame on someone instead of their inabitlites. Let us grow up about disperse and learn to trade.