Australian (ASX) Stock Market Forum

Go Markets any good for forex?

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PR@GoMarkets said:
Have you tried using the maximum deviation setting? This would stop you from getting requotes on such a small move. After we asked clients which style of execution they required (and this one was selected) we did say to people, that using the maximum deviation would be a good idea to protect against these automatic requotes.
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what if we dont want to use the "maximum deviation setting"

i understand the occasional requote but yesterday was a joke.
More then 50% of my trades were requoted. So were the exits in many occasions.
how come it wasnt happening the day before or even the day before that?
lets see what happens today and ill comment further.
till then doubts hanging in the air !
 
PR@GoMarkets said:
The website says "NO DEALER REQUOTES" simply because there are NO dealer requotes. We do not have a dealing desk to requote you, they are automatic as has been said on a number of occasions.
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then maybe it should say " NO DEALER REQUOTES BUT AUTOMATIC REQUOTES"

:)


please read this thread to get moire understanding of how traders get shafted

there is NO HIDDEN TRUTH-- the agenda of a broker would be obvious

http://www.forexfactory.com/showthread.php?t=62367
 
and yet another article explaining requotes:

http://www.forexfloor.com/requote.html



from the article last paragraph
"However requotes occur which may lead to decrease of profit and even lose of your investment. Requotes happen when a broker quotes one price but then quotes another. Brokers might even fill your order at a different price commonly higher when you attempt to trade. So before investing your money, make sure to check the policy of the broker regarding requotes"

just making sure i understand requote policy and frequency
 
Stawned, if you look for topics on requotes in FX you are bound to see stories where it tells you all about how the broker tries to 'shaft' you and that they move the price against you. Do you not think that sometimes on a requote the price can prove to be better for you?

And again, we DO NOT HAVE A DEALING DESK. This means, it doesn't matter to us what price you get, we just want you to trade!

However, following my discussions with the risk people, we have now implemented a small margin of allowance for slippage, meaning that it should cut down on the requotes if it is only a few points (by points I mean 5th decimal).

Hopefully that helps you out.
 
PR@GoMarkets said:
Stawned, if you look for topics on requotes in FX you are bound to see stories where it tells you all about how the broker tries to 'shaft' you and that they move the price against you. Do you not think that sometimes on a requote the price can prove to be better for you?

And again, we DO NOT HAVE A DEALING DESK. This means, it doesn't matter to us what price you get, we just want you to trade!

However, following my discussions with the risk people, we have now implemented a small margin of allowance for slippage, meaning that it should cut down on the requotes if it is only a few points (by points I mean 5th decimal).

Hopefully that helps you out.
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thanks for your reply
ill see how the new implementation works.

ive never had a reuqote work in my favour-- i hope it does one day :)

thnaks and will update more soon
 
still getting requotes but less then yesterday

im sure there is room to still improve but lets see how we go for next few trading days.

chris - thanks for addressing our comments and concerns and i hope gomarkets to reach a stage where both parties are happy.

time will tell and i will keep on updating

cheers
 
Im actually getting more invalid prices today still above 50% of trades are either invalid or requotes.
 
had a much better time with slippage today. apart from missing a TP by 2 pips and costing me 3% in its spiral down from that point.

definitely wasnt any silliness from gomarkets though. was across all the platforms.
 
Stormin_Norman said:
had a much better time with slippage today. apart from missing a TP by 2 pips and costing me 3% in its spiral down from that point.

definitely wasnt any silliness from gomarkets though. was across all the platforms.
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Glad to see it is running better for you.

Have a good weekend guys.
Chris
 
PR@GoMarkets said:
Glad to see it is running better for you.

Have a good weekend guys.
Chris
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lol--and yet requotes again
i hope nothing has been changed with the risk management team again.
will comment on it further on today if it continues with these pathetic numerous requotes

till then
 
ive tried taking around 7 trades today and ive been requoted on 5 of them-- both on entry and exit.
are they back to the old tricks? i hope not
what happened to the new implemantation with the risk management team?


grrr- more update later
 
Been doing a litte bit of forex trading with GO the past few weeks to see how they are. Can't say I've had a problem with them at all. Yet to have a requote, and that's running off a laptop with my mobile phone as the modem(115 kps download speed).

IMO, most people that are having trouble with requotes should probably spend a little time looking at their entry methods and stop trying to buy short term momentum. Whenever I've had requotes with an OTC product, or slippage in a 'real' market, it's because I'm on the wrong side of a short term momo move:2twocents
 
stawned said:
ive tried taking around 7 trades today and ive been requoted on 5 of them-- both on entry and exit.
are they back to the old tricks? i hope not
what happened to the new implemantation with the risk management team?


grrr- more update later
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It is quite obvious you are trading when emotions in the market are running high, slippage is always a factor at these points. If it wasn't for people like you, I wouldn't make any money.
 
Naked shorts said:
It is quite obvious you are trading when emotions in the market are running high, slippage is always a factor at these points. If it wasn't for people like you, I wouldn't make any money.
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are your assumptions coming from where the sun dont shine?
mate read my comment thorouougly and my posts b4 blurting out crap.
My trading experience is far beyond your capacity.
So dont just naked short but make sure ure protected :)
 
Real1ty said:
If your trading experience is as you claim you would have moved to another broker ages ago instead of whining about them post after post.
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im not whining about them but just sharing my experience of the broker.

the reason for forums like tehse to discuss brokers and other related stuff is to share ones experience. do u get that or are you too sucked in by broker/company manipulation?
i am in the process of writing and article on a comparison between the few SPOT FOREX TRADING brokers in AUSTRALIA. It is for an independant investment magazine
I am a member of many FX forums in which i discuss various brokers in particular the ones in AUSTRALIA.
So please save me your thoughts before you make a mockery of yourself.
Do you really think gomarkets is trhe only broker i trade with?
anyone had the rights to trade with any number of brokers they want to trade with.
BUt i will always be on ball on who claims to be what for the purpose of the public at large to know what is right , what is honets and what is what claims the broker/marketmaker/ecn claims to be.
My purpose is to notify the public and investors at large to my colleagues and my experience with different brokers in this country.

any objections to that mate??
i hope not

have a good weekend

ps-- pathetic requotes all day today again from gomarkets.
i hope next week things are sorted

goodbye and good weekend
 
I would just like to let anyone who is watching this thread and who may be thinking of trading with Go to not be put off by all these far from ideal comments.

Just to let you know im not out to get anyway or cause an argument this is my experience to date and Im happy.

Since I have joined, my service has been running perfectly. No stuff ups at all, connection is fine ALL the time, hardly any requotes, and even if you do have the odd one here or there you get the option to cancel anyway if your not happy with the price.
Not everytrade can go through especially if you are trading on a short timeframe and price is moving fast.

Great customer service... they always help you when you need it, They withdraw your money whenever you want it and they have good spreads in my opinion.
 
stawned said:
im not whining about them but just sharing my experience of the broker.

the reason for forums like tehse to discuss brokers and other related stuff is to share ones experience. do u get that or are you too sucked in by broker/company manipulation?
i am in the process of writing and article on a comparison between the few SPOT FOREX TRADING brokers in AUSTRALIA. It is for an independant investment magazine
I am a member of many FX forums in which i discuss various brokers in particular the ones in AUSTRALIA.
So please save me your thoughts before you make a mockery of yourself.
Do you really think gomarkets is trhe only broker i trade with?
anyone had the rights to trade with any number of brokers they want to trade with.
BUt i will always be on ball on who claims to be what for the purpose of the public at large to know what is right , what is honets and what is what claims the broker/marketmaker/ecn claims to be.
My purpose is to notify the public and investors at large to my colleagues and my experience with different brokers in this country.
Click to expand...


You are writing an article for a magazine, yet your spelling and grammar is on par with someone out of primary school? :rolleyes:

I feel sorry for Chris that he has to deal with delirious fools like you.
 

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