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Brokers - Why do we still pay spreads?

ncpmt (ncpmt)
Jan 26 2014 at 22:11
4 posts
I'm writing a diploma and would ask for just 1 minute of your time, if you could fill out the survey for the research:
https://www.mojaanketa.si/anketa/367461539/

Thanks!

CrazyTrader (CrazyTrader)
Jan 26 2014 at 22:42
1718 posts
ncpmt posted:
I'm writing a diploma and would ask for just 1 minute of your time, if you could fill out the survey for the research:
https://www.mojaanketa.si/anketa/367461539/

Thanks!


I have replied... Please provide me a pool to know who wants to join us into our 'retail programm broker' : )


CrazyTrader (CrazyTrader)
Jan 26 2014 at 23:13
1718 posts
FxProdz posted:
BTW, the idea is great, and I'm 100% with you. Let's go ahead! :)


Ok my friend... we are 3!

Ps: Instaforex... Noobest broker I have never known.

uascalper (uascalper)
Jan 27 2014 at 21:49
8 posts
ncpmt posted:
I'm writing a diploma and would ask for just 1 minute of your time, if you could fill out the survey for the research:
Thanks!


+1. You are welcome!

The lack of charisma can be fatal.
Swiss Management
SwissManagement
Jan 27 2014 at 22:08
110 posts
What do you think it happens if everybody takes a big buy or sell on low liquidity currency in same time ? Do you think you can move the market ?

Imagine 10000 trader put a buy or sell on NZDJPY at 13:00 GMT ? I think we can to make to move the market a little bit.

CrazyTrader (CrazyTrader)
Jan 27 2014 at 22:17
1718 posts
SwissManagement posted:
What do you think it happens if everybody takes a big buy or sell on low liquidity currency in same time ? Do you think you can move the market ?

Imagine 10000 trader put a buy or sell on NZDJPY at 13:00 GMT ? I think we can to make to move the market a little bit.


This is not our point.

Ps: 10 000 or 100 000 traders don't mean anything... Only Lotsize is relevant.

If you have calculated what you pay per year to your broker and if this amout makes you mad... let's join us.

uascalper (uascalper)
Jan 28 2014 at 11:50
8 posts
Friends, You will never avoid spread on the market. First of all, it's an auction. Second, the nature of the original price creation on the FX market is following. In general is looks like one bank indicates in The System (Reuters3000, Bloomberg and other terminals) the intention to make a trade with specific size and currency pair. It doesn't reflect it's intention to buy or sell. Then those banks who agree to make a deal with the counterpart according reflected size and pair give the answer as quote with bid and ask. And bank which originated the deal then choose with whom to make a trade. Please, notice that You will never have an information on the market was the trade done or not, exact price by which the trade has been done (it's business only of two counterparts) and the exact name of the Bank who took another side of the trade.

The lack of charisma can be fatal.
FxProdz (FxProdz)
Jan 28 2014 at 19:39
42 posts
CrazyTrader posted:
FxProdz posted:
BTW, the idea is great, and I'm 100% with you. Let's go ahead! :)


Ok my friend... we are 3!

Ps: Instaforex... Noobest broker I have never known.

I love Instaforex, they're a honest and a good broker. About spread, I prefer large fixed spread than a tight spread with slippage and commission, other brokers steal your money when you open a trade and when you close it as well! 1.3 pips as a fixed spread, for me is a very good one anyway.

But as I told you, I'm with you in this project.

uascalper posted:
Friends, You will never avoid spread on the market. First of all, it's an auction. Second, the nature of the original price creation on the FX market is following. In general is looks like one bank indicates in The System (Reuters3000, Bloomberg and other terminals) the intention to make a trade with specific size and currency pair. It doesn't reflect it's intention to buy or sell. Then those banks who agree to make a deal with the counterpart according reflected size and pair give the answer as quote with bid and ask. And bank which originated the deal then choose with whom to make a trade. Please, notice that You will never have an information on the market was the trade done or not, exact price by which the trade has been done (it's business only of two counterparts) and the exact name of the Bank who took another side of the trade.


I also think so,, there's no free service in the world of capitalism! But we can reduce the fees, so why not to try it?

Quand on veut on peut
mmuller
Feb 22 2014 at 20:50
26 posts
Hello all!

The motivation of this discussion seems to be profits (through cost-cutting), so the problem is mainly practical not academic ;)

So in practise:

1. What spreads you're getting now?

2. How low-spreads would make you change broker (assuming slippage/other factors equal)

Please state the pairs you trade and their spreads including commissions.

Regards,
-Mika

qnguyen
Feb 23 2014 at 07:30
4 posts
What a joke. Of course you pay fee when using service. What kinda question is this? You think broker let you trade for free because he nice! Ha become a broker yourself, then you can have free trading access.

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