In my experiance retraces are higher percentage (meaning success rate) than trying to trade the news spike. The Ever Countertrending VIPER
HotspotFX is another broker i trade through. The spreads do widen, as does every ECN during news, but it narrows back quickly unlike OANDA. The spreads are good and it is $3 per RT in commission per 100k. Since I trade 30 min timeframe as a minimum, the 10 pip issue is of no concern to me.
Hey Crazy, Yeah, I was thinking about HotspotFX also. I've heard HotspotFXi is better, but I'm just an individual trader. =P Well, good luck on your trades!
They will not take you on FXI at 50k. I trade under a corporation with a 6 figure account, and I trade with Fxr.
Wow, that's awesome! I think I'll try them out too. $3 per lot seems pretty cheap also. $6/round, that's like... less than a pip. Thanks for the recommendation! [edit] Hey Crazy, a question for you. Do you ever get filled at a price that wasn't the price being shown on the platform using HotspotFX? Just wondering. [edit] I should participate more often in these forums... you people are nice!