2cents
Registered: Jun 2005
Posts: 2812 |
06-03-06 05:25 AM
Quote from WaveMaster:
Well thanks for giving an informative response. I understand what you mean by price shifting/manipulation. But I don't understand what Roberk means when he says to take a position with one broker and set your stop with another.
nothing necessarily systematic nor permanent here, plus it shld be looked at on a broker case by case basis, and in most (99%?) instances its simply a result of across-the-board normal dealer inventory management, but... at a single broker/dealer the quotes you get may be shifted 1-2 pips against you if you are in the market for that specific pair, thus triggering stops 'earlier' than they would have if you'd been flat at that particular broker... in any case, this is not whats going to make or break you as a trader, hence my initially 'dismissive' response... and as roberk says, if your worried about it, just do what he says, or use an ECN-type broker who accepts stop orders... in any case its normal practice to have at least 2 brokers, for tons of obvious reasons... hope i don't need to explain that one too :-) have a nice week-end!
|
