{quote} I downloaded it recently and as for me it's good thing to trade. You can use most popular pairs with it. Also it gives some analytical forecast. Yes sure, useful device. And what about you? And what about others?
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Patrik, I'm still checking it. Like any other variant of analysis for me it's not trustworthy until I test it myself. For the first look it's quite a good indicator if you trade manually. At least Trading Central has already some serious reputation.
Can anyone pls comment on how wide their spreads can get around news times on their mini account (such as the major currencies' employment changes & interest rates) especially the ones paired with USD & JPY, cos those happens to be the pairs of interest to me
Can anyone pls comment on how wide their spreads can get around news times on their mini account (such as the major currencies' employment changes & interest rates) especially the ones paired with USD & JPY, cos those happens to be the pairs of interest to me Cheers
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I trade mostly on GBPUSD now, so I have noticed that the spread can be wider before some news. Usually the spread is about 0.2-0.4, and before the news it can be about 2. But that is not so much, as I have seen by other brokers. If I were you I would watch the changes in the spread on their website (on the main page they have the table), so you can see how does it go before the news. Or simply watch it in MT4. I think that is the most trustworthy way to find out the real situation.
"For practically all pending orders executed at least three hours after opening of trading on a particular Forex instrument, no slippage is guaranteed. If the price specified in a pending order falls into the gap, and the difference between the first market quote(after the gap) and the price of the order equals or exceeds a certain number of points (gap level) on a particular instrument, the order will be executed according to the first market quote. In all remaining cases the order execution price will correspond to the price specified in the order."
For those straddling the news & trading around M1 news candles, do you actually experience less to no slippage (excluding gaps) on pending orders...cos if this is really true, then i think Exness deserves a BIG credit from me
Also, are internal transfers allowed from say an acct with exness.com to exness.eu & vice versa
For those straddling the news & trading around M1 news candles, do you actually experience less to no slippage (excluding gaps) on pending orders...cos if this is really true, then i think Exness deserves a BIG credit from me
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Do you mean trading on news and expecting no slippage? I don't thing it's totally possible by any broker... What about me I try to avoid such a huge risk. But it depends on the trading strategy you use, you actually should open much smaller orders and be quite sure about the next move of the trend. In this case it can work out. And as you probably know the gap is quite possible, especially if you trade near NFP.
{quote} Do you mean trading on news and expecting no slippage? I don't thing it's totally possible by any broker... What about me I try to avoid such a huge risk. But it depends on the trading strategy you use, you actually should open much smaller orders and be quite sure about the next move of the trend. In this case it can work out. And as you probably know the gap is quite possible, especially if you trade near NFP.
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Yea i do expect slippage, but when a broker guarantees fills on pending orders without slippage then it interests me since my tolerance limit for slippage is 4 since i straddle the news.
So dou you use exness? Have you had any slippage on your pending orders around news with them? If yes, how high?
{quote} I trade mostly on GBPUSD now, so I have noticed that the spread can be wider before some news. Usually the spread is about 0.2-0.4, and before the news it can be about 2. But that is not so much, as I have seen by other brokers...
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Oops! Sorry, error on my part. He actually mentions a spread of 2 before news & not during news
Also, are internal transfers allowed from say an acct with exness.com to exness.eu & vice versa
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Dear wakeel86,
Unfortunately, the internal transfers between the trading accounts, which were opened on the websites www.exness.eu and www.exness.com, are impossible, i.e. they are supposed to be opened in two different companies: in EXNESS (CY) (regulated by CySEC, Cyprus) or in EXNESS LIMITED (registred in FDR, New Zealand).
{quote} So dou you use exness? Have you had any slippage on your pending orders around news with them? If yes, how high? Cheers
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I use exness and it's quite profitable for my trading. But as I said I avoid trading the news, so I have never faced this problem yet. But it is interesting thing... I've searched on their website and found this one: "EXNESS guarantees no slippage practically for all pending orders executed at least three hours after trading opens for that particular Forex instrument. Exceptions are orders that fall in the price gap... bla bla bla" So there are exceptions, and they are the gaps.
{quote} Dear wakeel86, Unfortunately, the internal transfers between the trading accounts, which were opened on the websites www.exness.eu and www.exness.com, are impossible, i.e. they are supposed to be opened in two different companies: in EXNESS (CY) (regulated by CySEC, Cyprus) or in EXNESS LIMITED (registred in FDR, New Zealand).
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Well, as I see, it's definitely better to open an account on exness.com. At least it's easier, what do you think?
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Joined Aug 2012
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Status: Trading in the zone
|454 Posts
rate a seriously misleading. In the picture I uploaded, misleading green box in 8 pips = 1.22835. in the similar time: FXCM = 1.2290, xemarkets = 1.2291, foxfactory = 1.2292.
{quote} Well, as I see, it's definitely better to open an account on exness.com. At least it's easier, what do you think?
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I am not so sure about that. As for me, registration in European regulator is much more reliable. And conditions are the same, aren`t they? So it's quite interesting variant for trading.
rate a seriously misleading. In the picture I uploaded, misleading green box in 8 pips = 1.22835. in the similar time: FXCM = 1.2290, xemarkets = 1.2291, foxfactory = 1.2292. {image} {image}
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Dear hao,
Forex is a free decentralized market, so there is no rule, according to which one all the brokers and banks should set the uniform prices. The small price discrepancy (usually it is up to 5-10 points, in rare cases of the quick trend movement it can be even larger) is normal market situation.
In the case, you have a question about execution of the concrete order, please, provide me with the information containing your trading account number and the number of this order, to my e-mail [email protected] or through the private message on the forum. Our specialists would be glad to help you as soon as possible.
{quote} Dear hao, Forex is a free decentralized market, so there is no rule, according to which one all the brokers and banks should set the uniform prices. The small price discrepancy (usually it is up to 5-10 points, in rare cases of the quick trend movement it can be even larger) is normal market situation. In the case, you have a question about execution of the concrete order, please, provide me with the information containing your trading account number and the number of this order, to my e-mail [email protected]...
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Thank you for your response. Luckily I did not at the time of transaction.
{quote} I am not so sure about that. As for me, registration in European regulator is much more reliable. And conditions are the same, aren`t they? So it's quite interesting variant for trading.
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The conditions are the same, except ECN. With exness.eu you can't trade on the interbank market.
Finally! I coudn't believe my eyes, but I did it! I opened sell-order (EURUSD) on 1.32065 and there was a price started to fall. I was really nervous, but I was waiting) I close the position on 1.31295 and I took profit 77 points! So, I put it in my pocket 308usd!!! Thanks, exness^^
The cent account is useless...as there is restriction of 50 open positions..I wanted to fund $5000 account into cent account because my EA is Grid/martingale so to be on safe side i wanted to to start with 5 cent per pip value.But Max open orders is a deal breaker.
Finally! I coudn't believe my eyes, but I did it! I opened sell-order (EURUSD) on 1.32065 and there was a price started to fall. I was really nervous, but I was waiting) I close the position on 1.31295 and I took profit 77 points! So, I put it in my pocket 308usd!!! Thanks, exness^^ {image}
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omg O_o If it's true I will trade here)) So good order. I had never done smth like that even on demo!
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Joined Feb 2008
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Status: Lots Of Wisdom without the wise men
|6 Posts
good broker spreads are high only during some big news event and at market refresh time that is around 2:00 am -3:00 am ist indian standard time
widthdrawal is fast sometimes instant sometimes it takes time due to que in automatic processing
