Go Markets any good for forex?

[roonapa]

what pairs are you seeing on IB that are much narrower than GO? I run an IB account aswell and on the major pairs which I trade the spreads are not to far off?

 

[AbundantIncome]

AbundantIncome it is very clear from ALL your post two things,

1. You cannot trade,
2. Even more of a problem for you is that you are in denial of your lack of ability.

Just give up. Blaming your broker is completely gutless.

Hey I am a newbie ... I am not blaming per se ... I just point as I experience. Wonder if you work for Gomarket ?

Just watch, it has been five minutes, Cable spread is still 5 pips apart compared to 2 pips in IB ???

To ask somebody to give up I believe is not wise ?

Hmmmm

 

[AbundantIncome]

what pairs are you seeing on IB that are much narrower than GO? I run an IB account aswell and on the major pairs which I trade the spreads are not to far off?

Cable is 6-7 pips spread while IB is only like 2 this morning when I want to trade ????

Just watch before you trade ... see if I am right or not ... they happen to often, I se IB has the same issue but it is very very infrequent ???

Thanks

 

[Trembling Hand]

To ask somebody to give up I believe is not wise ?

If they have a very low win rate and cannot ask what THEY are doing wrong it is wise to give up. You will just blow your account and give it all to Gomarkets.

But here is some help. I bet you are casing moves looking for smallish profits. Smallish in time or reward. Try fading moves if your trades are less than 30 min. Or entering retraces rather than breaks.

Do I work for Go!! LOL. they wish :

 

[roonapa]

Cable is 6-7 pips spread while IB is only like 2 this morning when I want to trade ????

Just watch before you trade ... see if I am right or not ... they happen to often, I se IB has the same issue but it is very very infrequent ???

Thanks

I mentioned it earlier but if you want to put your mind at rest get a currenex demo at www.currenex.com you will then see that Go's prices are as near as damn it to currenex. I trade with a few other people from time to time and one is an ex trader for ANZ who swears by Currenex as it doesnt tend to see many spikes, the prices may not always be 2 pip spreads but I would rather get a reasonably accurate price than get spikes and irrational price movements.
Dont give up trading but if it isnt working for you change your strategy. It took me ages but i seem to be getting by now I use some EA's and some manual trading.
Ok still need to build up my beer fund for tonight so better check the market.

 

[derty]

i am very convinced now that they do take stop losses out by monitoring them .. it just happened again .. just take my stop loss and run up they go up again !!!

Someone must be watching me demo too. Sometimes as soon as I place an order the market turns around and will come back and hit my stop and then as soon as it hits my stop it goes past my original entry. The bastards are mocking me. And they will do it to me time and time again. I'm sure if I sold when I bought and bought when I sold I would do much better.

Sorry Abundant, just taking the piss . But if it feels to me that the market is against me and my stops are being hit in a demo then I can see how easy it would be to think this when you are live.

As was suggested all you can do is have several feeds and if Go differs when your stops get hit then you may have a leg to stand on but otherwise it is just perception.

 

[Stormin_Norman]

if 2 pips is the difference between success and failure.

youre doing it all wrong.

 

[>Apocalypto<]

Hey I am a newbie ... I am not blaming per se ... I just point as I experience. Wonder if you work for Gomarket ?

Just watch, it has been five minutes, Cable spread is still 5 pips apart compared to 2 pips in IB ???

To ask somebody to give up I believe is not wise ?

Hmmmm

if IB is so much better, why don't u trade with em???

 

[CFD]

If you find the market moves and takes out you S/L just before it again reverses and moves back the way you expected, you have answered your own problem. Just place you entry order where you presently place your S/L.

 

[stawned]

hmmm ... another thing i noticed tonight, they do not ask for confirmation on requotes, they just give you 5 pips higher, i watch the prices and the price is not within the range at all ...

i do watch prices with IB, IB prices are one pips or two at most and gomarket is always one or two pips more at least ...

Hi mate, i'm here with you in that ... what you are trying to say is they are SLIPPING you on price ... it his happening to me as well with GO. I click on a price i see ... and it take about 3-4 seconds, as the screen says confirming price (or something) and fills me in after the market moves 2-3 pips (thats not what i clicked for) - Now this is WORSE THAN REQUOTES, because you can ATLEAST deny to accept a requote, whereas here you once you have clicked on a price, thats it, you are comitted no matter WHAT PRICE THEY GIVE YOU!

Its happening a lot now that they have this "Buy/Sell by Market" system, and its giving a shi*tloads of slippage. Thats not right!

Now when it comes to stop hunting, i dont think they are targetting you, and the price (With all brokers) have moved similarly (+/- 2 pips) - i can tell you this as i trade with 4 brokers!

 

[ISPIZ]

Hey Guys,
I was on the chat with them the other day abotu the time it takes for the order to go through and he said it was fine for him so whats the problem.
The problem is its sometimes takes 2-3 seconds for the order to go through and I have noticed that if the price goes against you it will move and I am pretty sure i had one tongiht where price moved in my favour and it went through at the price on the window, hows that ****.
I hope I was mistaken that would be really bad stuff if I am not.
2-3 seconds can be 8-12 pips quite easily in this market it really is not good enough.
I dont mind the ecn feed thats fine but gee slippage has got to be the worst thing a broker can have.
I have noticed the EY spread has blown out aswell it was down to 2 pips at times when the feed first came out now she quite often gets to 5, 5 is to much and I have found myself going to other brokers to trade it.
I hope they fix it coz I do liek everything else considering they are mt4.
Anyway my 2 cents worth.

K

 

[macca]

Hi,

Yes, once again the improvements take us backwards with Go Markets, I am finding the processing time slower when there is any activity in the price.

I discovered another "gotcha" this morning, in every other feed that I have tried the chart price is the sell price and that was the way it USED to be on Go.

If you look at a chart you will see that the Sell price in the order box is now 2 pipettes BELOW the Sell price on the chart.

The charts are incorrect, all Stop Losses need to be adjusted, if you Buy and your stop loss appears to just miss but you are closed out then that is because Go deduct 2 pipettes off the chart price within the order box, which is the price they use, not the chart price.

Naturally I found this out the hard way this morning, the price just missed my stop but I was stopped out by the extra 2 pippettes deducted by GO.

I guess it is their right to do whatever they want, but I have never seen the price differ from the chart to the order box on an MT4 feed before, I have seen it differ when a feed is based on mid point but that is not MT4.

So I will think about my options re brokers again.

 

[supermatt]

hmmm im not hearing very good things. I think I might just skip go and join fxcm australia.

 

[roonapa]

You always find more negative stuff than possitive stuff on forums its just what we clients like to do.
Be careful with FXCM oz they offer the same exectuion style as GO but the spreads are slightly wider.
there are no perfect brokers out there but new traders efforts should be placed on trying to read the market corectly rather than pick holes in every broker.

 

[Stormin_Norman]

since their downtime a couple of months ago, ive not had a drama with them.

find me a broker who doesnt have people complaining from traders and ill show u a pink elephant.

 

[ISPIZ]

Dont get me wrong guys, I think Go is a great broker in the way brokers go and I have been dealing with them for prob 2 years now I think they want to do the right thing by traders and I know once they realize traders arnt happy they will try and find a better system to run by, when they had all the futures and fixed spreads it was the almost the perfect broker except for some things on mt4 I would change but they had everything you would want to trade on futures and forex and great brokerage and good spreads I hope they try and go back to that. The only real bug at the moment is the time its taking for the order to go through, if you are goign to have orders going through no matter what they need to be fast.
K

 

[supermatt]

Definatly agree with most feed back being negative on forums, i agree not to just go by that though, as there are positives as well. I just like to read what is going on with them seems I have been wanting to join with them for a while. Its good to see there have been some traders trading with them for a while so atleast I would think my money is quite safe with them. Obviously fxcm have had bad reviews to.

 

[ISPIZ]

Yeah thats one thing I have no probs with is money being safe with them.

K

 

[tayser]

Money is never "safe" with anyone - including in a big 4 bank - irrespective of Kevvy 07's bank guarantee.

 

[Stormin_Norman]

Money is never "safe" with anyone - including in a big 4 bank - irrespective of Kevvy 07's bank guarantee.

gomarkets have deposit insurance. while nothing is 100% 'safe' this does give a lot of piece of mind.