Australian (ASX) Stock Market Forum

Go Markets

Can you explain that? Because to me its still a MM. Its still them on the other side of the trade. And you still have to give up the spread on every trade. If you trade often this cost you.

Yes I know I'm down a tick down when going in short or long at market price, but can place a pending order.
Happy with the end results each day so far :)
 
Can you explain that? Because to me its still a MM. Its still them on the other side of the trade. And you still have to give up the spread on every trade. If you trade often this cost you.

and theres no commission for FX so it sorta has to be a MM, its probably one of those things where they claim they have no dealing desk, but yes they are hedging against your trades somehow
 
My understanding MM is using synthetic feed and DMA is using actual ASX data.
The rep from Gotrader told me they are DMA using Esignal feed.
He said they are hedging.
Either way you are trading against the company something I am trying to avoid.
So far it looks like IB is the best choice to trade SPI .
 
MM don't hedge your positions they carry the individual risk. They may hedge overall exposure but they do NOT hedge your Trades. They make money off them.
 
Re: Go Markets - whats MM?

"Originally Posted by Trembling Hand
Can you explain that? Because to me its still a MM. Its still them on the other side of the trade. And you still have to give up the spread on every trade. If you trade often this cost you"

Can someone tell me what a MM is please?
 
Go markets have both MM and DMA

When you start an account it is set to MM, and you must request a new DMA account to use it.
 
I've just signed up with Go Markets to trade CFDs, although early days yet, I am quite pleased with them.

They are very helpful on the phone and have a good trading platform, Go Trader.

Anyone else using Go Markets?
 
What are you talking about, didnt GoMarkets scrap the MM model?

Just to clarify, they didn't scrap the MM model, they just changed it to variable spread.

I've just signed up with Go Markets to trade CFDs, although early days yet, I am quite pleased with them.

They are very helpful on the phone and have a good trading platform, Go Trader.

Anyone else using Go Markets?

I use them every now and then, and am happy with them, still waiting for them to open swapfree accounts.
 
I am trading FTSE and SPI on Go Markets. I am looking for some historical data, but having trouble getting it.

Anyone know where I can get some?
 
Just to clarify, they didn't scrap the MM model, they just changed it to variable spread.



I use them every now and then, and am happy with them, still waiting for them to open swapfree accounts.

Hello there, I am also using GoMarkets for already 4 or 5 months for Forex, my experience is quite good, I don't complain. On the other hand I am also using Sky-Fx dot com as IB, they give me US3 per traded lot.
 
Hi Chris,
I have developed a problem with the GoTrader platform freezing every time I try to use it in the last week. I have phoned support for help, but they do not seem to know what to do and suggested that I reinstall the program. This I have done twice.

It works just fine until I replace the new GoTrader 4 file that is installed in Program Files on my C drive with the one that I saved that has all my setups and layouts on.

I emailed a zip file of my GoTrader 4 file for support to look at to see if they can identify what is in there that is causing the problem. Can you follow up on this please?

I really don't want to go to the trouble of setting up all my charts and layouts again if I don't have to.

Thank you
Denis
 
denl .... personally, from an IT perspective, I think you're approaching this from the wrong direction.

Most applications store profiles etc. outside of the main executable file. If your fresh install works fine then leave it alone.

What I have done is to set up a single chart with my preferred indicators, colour scheme etc. and saved it as a template. If I want to look at a new currency pair, I open a new chart then load my template.

Sometimes you need to start over to get it right.... it's a pain but computers are like that.

If you still have access to your other templates then setting up the charts again shouldnt take too long at all.
 
denl .... personally, from an IT perspective, I think you're approaching this from the wrong direction.

Most applications store profiles etc. outside of the main executable file. If your fresh install works fine then leave it alone.

What I have done is to set up a single chart with my preferred indicators, colour scheme etc. and saved it as a template. If I want to look at a new currency pair, I open a new chart then load my template.

Sometimes you need to start over to get it right.... it's a pain but computers are like that.

If you still have access to your other templates then setting up the charts again shouldnt take too long at all.

Hi,
Thanks for your reply. I have solved the issue. It turned out that I had a dodgy indicator and since I replaced it I have not had any problems.
 
Forex Trading with GoMarkets

Hello,
I live in England and have been trading the GBP/USD currency pair with Gomarkets for the past few months I now want to use a mobile phone to trade using GoTader Mobile4 software. I understood that the software should work on any mobile phone running Windows Mobile software version 2003 and above.
I have now tried to download and install the software on a Samsung Omnia Pro B7330 (Windows Mobile 6.5) and a HTC S701 (Windows Mobile 6.1) and although the software installs ok they both have glitches when trying to place trades. I was wondering if anybody is actually using GoTrader Mobile4 to trade on a mobile phone and if so can they confirm what the phone model is and what version of Windows Mobile software that the phone uses.
Many Thanks.

John
 
fellow gomarketters......

I saw on the Gomarkets site that they are going to offer a free Iphone app. anyone know anything more about this?:confused:

cheers,
 
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