Slapshot, please stop lecturing people who actually trade this market. Obviously, you have no clue what you are talking about. You went from "In a 1-pip spread environment you have to pay 1 pip to enter and 1 pip to exit", "the market has to move 12 pips in order to make a 10 pip gain with a 1-pip fixed spread" - and then after you "got some numbers in" it was only 1 pip, but "in the real world it is 2 because you cant sell the offer and buy the bid". On top of that evidently the most simple algebra eludes you. This is not about if Oanda (with which i understand you have a demo account) or IB (which you have no personal experience with, since you need help calculating the comms) is any better. Its about you utterly lacking any endured experience or insight at the subject at hand. Please stop posting. Thanks.
First off, I'll post where I want. Who do you think you are to tell me not to post? This is a discussion thread. So bite me. And I've been here a lot longer than you. If you don't like it, unsubscribe. Second, if I was wrong in my perception, let me know why with reasonable civility and I'll stand corrected - I already stated that I am exploring FX facts, if I am wrong, I want to know. My objection to Cable's ranting is that his story has changed 180 degrees in a very short time. For which I posted evidence written by his own hand. When challenged on this issue, he goes on the attack with insults. This pollutes fact-finding. And he insulted me right away, which is why I have bit back. Now you are starting in. . . Third, can you buy the bid or sell the ask or split the spread in MM forex? No. If using ECN and you limit buy and limit sell, there is in effect no spread - it goes from your price to your price without you automatically being down PnL the spread pips, right? I also admit I was thinking partway in terms of a 2 pip spread in my earlier erroneous example, although I wrote 1 pip. Again, it was late, I apologize to all here for the mistake. So I may not have been as precise or clear in my example statement as I intended and in fact made an error, but the basic point remains. At least I can admit it, which is more than I can say for some people here. Fourth, I have never had an Oanda account. I have heard too many crappy things about it from CableTrader's review. Fifth, I have had an IB account for a long time, not for FX - I already stated that I made an error in only glancing at the comm page and did not see the min. comm. example. So sue me. It was late, I was tired. Again, I admitted my error already. Sixth, it is not really algebra at all. Before you call me clueless, at least know what kind of math this is before you criticise. There are no unknowns here. All equations involved can be solved and checked with no letters representing unknown numbers.
I got the same impression, in fact I would be very surprised if he's ever traded anything going by his posts.
lol Slaptot, after all your ranting and raving about them you've never even had an account there! Looks like I was right about your naiivity and lack of any experience of the subject being discussed, no wonder you're unable to come up with anything sensible. This is so funny, IluvVol says he's only traded demo and you've never even had an account.....I'm interested to know how either of you thought you were even remotely qualified to comment.
All evidence to the contrary so far, I mean come on, it took you three or four tries just to work out commission
Show me one post that I said I have any specific problem with them. I don't. The thread was about adv./dis adv. of various formats. It is only your credibility I have a problem with because your story changed 180 degrees in no time. A few months ago, you are saying it is a total POS. Now you rant like it is the best thing ever. It has already been proved by your own written words, case closed.
At least I am man enough to admit a mistake, while you are in such denial about your own BS that all you can do is name-call and insult. You act like my 14 year old. Worse, actually.
Oh dear (sigh) you even had trouble understand the little bite size chunks of information in this post, like I said I really don't know any easier way to explain it to you. It's ok, if you're simply unable to understand then you're unable to understand, I'm sure you've tried your best. Great, so I guess you'll be moving on now like you wanted to, right? Well thanks for the chat, it's been ummm....surreal!