Go Markets any good for forex?

[Stormin_Norman]

know someone who works at a larger US mt4 firm.

 

[Trembling Hand]

know someone who works at a larger US mt4 firm.

Thats interesting cuz I have never seen it with CMC, IG, GFT and Go. Have traded big lots on their cfds & metals and the actual market hasn't even done 25% of the volume during some of the times. Much harder to tell with FX cuz you have no idea where they are going to hedge. But just never seen it.

 

[Stormin_Norman]

bit risky to counter trade people.

could it be off market?

 

[CFD]

Maybe they still hedge with Saxo like they did when operating as Pacific Trader.

 

[tayser]

Currenex feed eh - would be nice if they offered PowerTrader if that were the case.

 

[Rapidedward]

Hey Wabbit, why will 3/5 decimal places be better....? I'm newish to trading and have just got use to 2/4, I'm finding the numbers a pain! Partcularly when you activate the crosshair, click your mouse and drag to get a pip count...what was say 20 is now 200. Is there a way of editing this function within MT4 so that it displays just pips not 1/10ths of pips?

Thanks,
Rapid.

 

[white_goodman]

the spreads have improved epicly.... also with the 5deci means you can now get 1.9 pip spread instead of 2pips... also 2.1 pip spread...

 

[>Apocalypto<]

Had a look at the new Currenex feed on GoMarkets demo last night.

Looked very interesting.... Opened a account to see what's like live will keep all posted.

Norm how r u?

ECN can be a marketing scam but if you trade with IB HotSpot intsu ATC or open an actual Currenex account then you have an ECN account straight on to the interbank.

On top of this the mini on the interbank is normally 100K lot with standard being 1 million.

I am also with you when DDs claim to have ecn style feeds are cashing in on a marketing gimmick.

GoMarkets with this new feed seem to be on the right track.... the spreads were still not like ATC when I compared them last night. They are trying to be different which is a pleasant surprise these days.

An ATC update, they are not registered in AUST so they can't take Australian accounts at the moment as they get the feed from FXCM. :shake:

see what GoMarkets is like live. Great to see the reply about virtual dealer plug in form Mr Paul Hill!

cheers,

 

[Trembling Hand]

Guys all this talk about ecn but no mention of whats really wrong with bucket shops.

Having to enter and exit every trade @ market or at the other side of the spread.

If you have a 60% win rate with a 2 point spread thats gong to cost you about 120 pips every 100 trades!! More maybe depending on how you trade.

If you do 100 trades a week you are giving up 6000 pips per year!!!!

Why does no one know or comment on this stuff

 

[>Apocalypto<]

Guys all this talk about ecn but no mention of whats really wrong with bucket shops.

Having to enter and exit every trade @ market or at the other side of the spread.

If you have a 60% win rate with a 2 point spread thats gong to cost you about 120 pips every 100 trades!! More maybe depending on how you trade.

If you do 100 trades a week you are giving up 6000 pips per year!!!!

Why does no one know or comment on this stuff

TH that's why I opened the account.

to move away from 2 pip spreads and DDs. I agree with u it's highway robbery

last night Go had spreads of .3 - 1.5 spreads. with no comm. on E/$

that saves me big bucks, as i trade a 15min chart 3-4 trades a night.

time to test

 

[Trembling Hand]

TH that's why I opened the account.

to move away from 2 pip spreads and DDs. I agree with u it's highway Roby

last night Go had spreads of .3 - 1.5 spreads. with no comm. on E/$

that saves me big bucks, as i trade a 15min chart 3-4 trades a night.

time to test

Sorry Apo what was the account that you have opened? go markets? If so you still have to trade by crossing the spread every trade.

Thats the real robbery.

 

[>Apocalypto<]

Sorry Apo what was the account that you have opened? go markets? If so you still have to trade by crossing the spread every trade.

Thats the real Roby.

Ment to say robbery Mods it wont let u write robbery!

TH u trade the SPI you still have to cross the spread. If I traded with Currenex in the Asian session or London session I still have to cross the spread.

What's a .5 -1.5 spread? ATC give 0 spreads on E/$ at times IB never under .5 ACT 8$ round trip on 100K IB 5.62 on 100K round trip I think. Currenex 5$ again i think. I have never seen Currenex under .2

no matter what way u trade Spot FX someone is out to f%$k u. It's the truth of the game. The banks funds that make the interbank all play games.

Like I said I am testing them out. If they can give me interbank spreads with no comm then I save money.

If its not what it seems I will move on.

All I want is a ECN feed on MT4 so i trade from the platform with out needing a second platform to do my deals.

see what happens.........

(all above spreads refer to E/$)

 

[Trembling Hand]

Ment to say Roby Mods it wont let u write Roby!

Something weird going on here??

TH u trade the SPI you still have to cross the spread. If I traded with Currenex in the Asian session or London session I still have to cross the spread.

No I don't! thats exactly my point.


Cross the spread = LOSE MONEY

 

[Naked shorts]

robbery

LOL it doesnt work

r o b b e r y turns in to roby

 

[>Apocalypto<]

Something weird going on here??



No I don't! thats exactly my point.


Cross the spread = LOSE MONEY

well that's a fact of life for the way I trade, I only enter at market.

I can live with it that's why I look for the cheapest spreads.

If you can get around it well done!

 

[Joe Blow]

robbery

LOL it doesnt work

r o b b e r y turns in to roby

This has now been fixed.

 

[Trembling Hand]

This has now been fixed.

Why does that happen Joe? Think thats the third time recently. makes me look a lot sillier than i am :

 

[Joe Blow]

Why does that happen Joe? Think thats the third time recently. makes me look a lot sillier than i am :

Was playing around with the software's replacement variable manager quite some time ago thanks to our old mate Aussie Robbery.

 

[Trembling Hand]

Was playing around with the software's replacement variable manager quite some time ago thanks to our old mate Aussie Robbery.

LOL. That must of been what happen for some other words as well. Cannot remember which ones now. Maybe it was the same. Who knows so many post!!

 

[Trembling Hand]

well that's a fact of life for the way I trade, I only enter at market.

I can live with it that's why I look for the cheapest spreads.

If you can get around it well done!

Well I guess thats why a true ECN to some is not a marketing scam. It matters.

It depends on the size of your expectancy and frequency.