You cant do scalping with a thieving broker. Find one that gives you the actual spread, which is zero most of the time. Accept a commission of around 0.7 pips return, then this makes sense.

The Oracle Thread- Specify your current trading problem

You need surplus money to make money Mr Green. If your passion is trading, you must be mad. I hate the chaos, but I do like that easy, dirty, filthy lucre.

The Oracle Thread- Specify your current trading problem

thanks for the tweak advice. done.

The Oracle Thread- Specify your current trading problem

SunSaltWater, you can bounce around from strategy to strategy for years. Im a firm believer in people developing their own strategy that makes sense to them and suits them. What I want to do here in this thread is find out what people are doing and ...

The Oracle Thread- Specify your current trading problem

In the other thread I was addressing AmmaBoss who said he had a good hourly or daily strategy, but was scalping instead. His stats showed he was out of a trade in 8 min on average and he was hitting the 1 min time frame. My advice definitely would ...

The Oracle Thread- Specify your current trading problem

NBP means they put you in a sandbox,, no chance of progress as they limit you in many ways to protect themselves from your possible large losses. Theres no free lunch, negative balance conditions make trading very limited. Leverage limitations etc. ...

Are we all idiots?

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Are we all idiots?

Note also: it IS possible to be left owing your broker money, they know where you live so a slight but distinct possibility of a Lawyers letter, particularly if you live in a region where outages are common and you dont use a stoploss. Be aware ...

Are we all idiots?

Im guessing you use a broker who exaggerates the true spread. eur usd for example has ZERO spread most of the time in actuality. Sometimes even inverse and only 1 to 3 pips at times of fast movement. For scalping you need a broker that offers this, ...

Are we all idiots?

Thats got to be stressful, but trading without a stop at all is madness. I was looking at your stats, you're out of the trade on average 8 minutes. I bet I could offer a piece of advice that will double your current progress immediately. at 1 min ...

Are we all idiots?

A retail broker wouldn't hedge a 200 lot order with his liquidity providers? Do you have depth of market with your broker? A broker will just take the opposite side of a large trade with a client that has a solid track record? Sounds like a risky ...

Does 100 lots move the market?

any forex Deca-Millionaires who know what they're talking about can weigh in on this thread?? silence is golden.

Does 100 lots move the market?

Its counter intuitive. Unfortunately I have only been with one broker that offers a depth of market, so I have no way to compare their data with another broker yet. When watching this brokers depth of market, (eur/usd) even at the busiest times, I ...

Does 100 lots move the market?

...in other words, severe slippage, which is the point of this thread.

Does 100 lots move the market?

FF I think the point of concern when moving the market in your direction is not to take a profit, but that your entry gets eroded by your own order, costing you a higher entry price, this is not sustainable for most strategies and the point of this ...

Does 100 lots move the market?

The answer to the question posed in this thread, subject to the Depth of Market being exactly the same on every broker, is 200 lots IS the world wide forex market maximum. You definitely would move the market with 200 lots (not that its a big deal ...

Does 100 lots move the market?

These are approximate numbers, but 200 lots is around $2000 aud per pip or 20 mio. This amount is my brokers limit and they said no doubling separate trades, 200 lots is the complete maximum for them, of course Im free to go to other brokers and ...

Does 100 lots move the market?

as far as I can tell, both sides are superfluous. A DoM is only relevant to the brokers liquidity pool NOT to the greater world forex market...SO HOW CAN THE WORLD FOREX PRICE of for example eur/usd have coordinated pricing minute by minute. When IB ...

Does 100 lots move the market?

Which leads to the obvious question, if each broker has his own small pool of liquidity providers who can suffer shortages of buyers and sellers independent of the entire world forex market, how in the hell can the world forex market current price ...

Does 100 lots move the market?