I had a problem it occurred that I was opening order the gap was 180 pips along with also my opened order was -180 pips in the time of opening the order. After dicusions and lots of emails I got half their money back.
I had a problem it occurred that I was opening order the gap was 180 pips along with also my opened order was -180 pips in the time of opening the order. After dicusions and lots of emails I got half their money back.
Slippage is a lot worse in the equity markets.Originally Posted by ;
135 pips is not a big deal if you did not use leverage.
Ouch, my feelings.
No slippage happens on platforms that offer the Ask For Quote alternative. A similar attribute is also offered by ACM. There's no instant execution... it generally takes a few moments to get a quote, but after your quote is secured on it is implemented without slippage, hence what I stated wasn't bullsh*t.
In theory, the next price could go in your favor. E.g. you got at 100 and had a Take Profit at 100.50. Price shoots that amount along with your take profit becomes filled at 101. .
Has anyone gained from closing at a better price thanks to a sizable quantity of slippage like what happened during the european session recently? It was due to a ECB meeting.
I believed you'd just started out! Allow me to get this right, you've been trading for over 5 decades and you still don't know price gaps and slippage in volatile markets?
I suggest you choose the FXCM rep up on her offer to describe to you just how the market works and why things like this sometimes happens, or click on the link I posted and read about execution risks!
Http://www.forexmicrolot.com/execution-risks.jsp
It is all there, self-made actually.
It is not a 'problem' as this it's just something that happens sometimes, read and edue yourself.
Http://www.forexmicrolot.com/execution-risks.jsp
I can not believe so many of you trade a market that you quite clearly don't understand, how you expect to earn a profit is beyond me!
FXCM intends to provide clients with the best pricing available and also to get all orders filled at the requested rate. But, there are instances when, because of an increase in volume or volatility, orders may be subject to slippage. This occurs during fundamental news events.
The volatility in the market may create conditions where orders are tough to execute, since the price might be a number of pips off due to the intense market movement.
Once a stop is triggered, it turns into a At Best market order, and there isn't any guarantee it'll be filled at any given given price. Thus, stop orders can incur slippage depending on market conditions.
Because of the BOE rate decision that the market jumped from 1.6365 to 1.6082, 283 pips. Even though 135 pips of slippage may seem extreme, if it is placed in the context of a 283 pip move it is not even half that. Trading on news events prevents opportunities, but it also prevents enormous risks. Any trader trading during a news event, even if it means only using a stop on during this moment, needs to be willing to accept those risks. FXCM prides itself on its own no dealing desk business model, in which we have 10 liquidity providers feeding us prices. It is unrealistic to think that there was liquidity at each price on the way down during that move. Markets gap through news events, that is a reality and traders have to be ready to accept this risk.
I have connected the chart.
I'm not a part of the Sales department in FXCM, therefore I can only recommend that you contact the Sales department via telephone, chat, or e-mail if you'd like more info or are interest in logging an audit for a trade. Micro customers would visit the Service Center.
I can always be contacted in to assist in anyway that I could.
Kindest regards,
Jaclyn Sales
BOE decision? Do you have?
Anyways, will you tell us a few stats on how you much you slipped people into profit? When this kind of happens I believe, we will feel much better if you can convince us that our chances and volume of slipping past our Take Profit is precisely the same as slipping past our Stop Loss.
Typing Edit: Trading on news events poses opportunities, but in addition, it presents huge risks.
BOE and ECB that morning can be loed on the DailyFX Calendar: http://www.dailyfx.com/calendar/
We don't have stats on slippage because we're not the ones slipping. No Dealing Desk means each trade is implemented back to back with one of the world's premier banks or financial institutions, which compete to provide FXCM with bid and ask prices. If you would like to be able to see depth of market, which will give you a clearer idea of just how much liquidity is available at every price, you can test the Active Trader platform. You can register to get a demo here: http://www.fxcm.com/active-trader.jsp
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