FOREX spreads scalping

Discussion in 'Forex' started by estrader, Jul 9, 2003.

  1. Quiet1

    Quiet1

    If the forex brokers generally only allow you to buy the ask and sell the bid...what kind of trading strategy are THEY using. Many people on this board would say doing what they do would be a suicidal trading strategy if they were to use the same strategy on say the ES or NQ...

    So what's going on here? :D

    Depending on the market environment you can "buy the bid" but only because they print the tape something like this:

    EUR-USD: 113.23/25...113.19/21 and your limit order to buy at 23 gets filled at 21, ie they need to help meeting the supply so you get price improvement...

    (Oanda has 2 pip spreads on this pair.)

    Q1
     
    #11     Jul 9, 2003