Thinkorswim FX

Ummmmmmm, 3 wide on the EUR, I don't think that is so great. Unless they are not 3 wide. Three wide for you rookies means you need to move 6 to break even, not a platform for scalping. Maybe position and swing would be OK.


The Ever Not Liking Three Wide Viper

 

3 wide means you have to move 3 to breakeven.

 

Sample EUR trade of a 3 pip trade:

BID 1.3471
ASK 1.3474

You bought 1 lot at 1.3474 (the ASK). On a platform where there are no commissions, you just have to sell for the price you bought it at.

You sold 1 lot at 1.3474 (BID you would need to break even, based on 3 pip spread, ask at this point would be 1.3477)

Total movement 3 pips, not 6.

 

"There is a small dealing spread between the bid and the offer and the transaction fees are included in that spread."

 

Maybe you need some advice from the rookies lol

 

Are you guys sure about that,.



The Ever Watchful VIPER

 

This is probably no spectacular news, but I contacted them and they are a market maker for what its worth.

 

Have had conflict with Thinkorswim CEO 6 month before
for simple reason .

After that with start of thinkorswim FX moral decreased
from pure agent to market maker .


P.S. Mr.Sheridan before start of TOS was market-maker by CBOE