Cornix's Forex Trading Journal

Discussion in 'Journals' started by cornix, Jan 5, 2011.

  1. soonhwei

    soonhwei

    really?? :O i doubt the spread of spot in real-time will vary which some fx broker may not allow you to place tight stop (they have the min distance needed to place stop right?), & even if u can do it, the sudden increase in spread will hit you though there's actually not a tick change seen in the fx futures.
    anyway, am always skeptical bout those spot fx brokers, they look more like online casino operators to me.....:D:D
     
    #601     Mar 17, 2011
  2. cornix

    cornix

    Spread increases around big news @ Oanda and yes, occasionally may stop you out. But generally no problems about it. It doesn't anywhere near turn profitable strategy into losing one. :)
     
    #602     Mar 17, 2011
  3. soonhwei

    soonhwei

    why not trading 6E? the daily size is bout 150k contracts should be liquid enough for most people.
     
    #603     Mar 17, 2011
  4. cornix

    cornix

    Yes, but average deal cost is higher vs. spot @ Oanda. Adds up when you have 10's of trades a month and tiny average profit per trade.

    And as for news, I don't trade the big news anyway, so spread widening is not an issue practically.
     
    #604     Mar 17, 2011
  5. Joman

    Joman

    Absolutely, no commission, spreads tighter, why would you bother with futures ?

    If you don't trust your broker you can always bring back your profit on a bank account and only leave the necessary working capital with your broker !

    It seems the euro forgot to say hello before leaving this morning :)
     
    #605     Mar 17, 2011
  6. soonhwei

    soonhwei

    :D:D no comment, leave it to you guys ;)
     
    #606     Mar 17, 2011
  7. cornix

    cornix

    Yeah, this problem only actual for crappy "brokers", not for spot FX as a whole.
     
    #607     Mar 17, 2011
  8. cornix

    cornix

    Whatever you feel better/safer to trade is the best for you to trade. :D

    I have no reason to convince anyone to trade one market or another... Just share my own experience, which is not negative regarding the spot FX brokers I used.
     
    #608     Mar 17, 2011
  9. cornix

    cornix

    EURUSD short @ 1.3969.
     
    #609     Mar 17, 2011
  10. cornix

    cornix

    Stopped out -4 pips.
     
    #610     Mar 17, 2011