What is lowest spread on GBP/USD out there? - Page 2
Page 2 of 732 FirstFirst 12
Results 11 to 20 of 320

Thread: What is lowest spread on GBP/USD out there?

  1. #11
    No it's me answering this man's question and helping individuals save money on their trades.

  2. #12
    Crown possess the worst execution that I know. A frend of mine had an account with them. They may have the worst potential spread to your cable from all brokers

  3. #13
    If you would like to use a small account I'd give Oanda a chance. They often have a spread of 2.5 for the GBP/USD.

    Regards -

  4. #14
    Quote Originally Posted by ;
    Crown have the worst execution that I understand. A frend of mine had an account with them. They may have the worst potential spread to your cable from many brokers
    Crown is awful to trade with through news, no disputing that. Howeer when you've got a limitation in prior to the news or at any other time you'll get filled with no slippage every time. Besides news time the execution is adequate and they don't have any interest accounts too. They are not for everyone news traders or scalpers. The spread is 1 pip so it is not the worst disperse. Your getting heard from a buddy about them makes you an expert about the situation. My philosophy has always been to think for myself and try things myself and then form my own opionion about matters. You should try that .

  5. #15
    I chatted online with someone at Crown about their arrangement - 1 pip, no commission. Sounds great. I began asking about their coverage scalping - they make a big deal of on the site - and the person obtained slightly aggressive.

    How can the brokers (and community) tend to specify scalping? I have heard of people who look to scalp 20 pips in a half an hour and people who look to be in and out of transactions in one minute to make two pips....

    What exactly is scalping?

    Why would any broker oppose it? It almost seems like someone who wishes to emphasise their account... if brokers make $ on the trading activity, why would not they want someone who wishes to be somewhat busy?

    Also about the news trading comment - if they don't fill well at the news, it was suggested to devote a limit order ahead. Would you (like ) put in both a long and short OCO STOP @ 10 pips from the market at xx:xx:58 and, as the market moves through either level, it trades and trips? Is that what?

    Sorry for long post - only my next post... hope to learn more add to the talks

    Thank you

  6. #16
    Quote Originally Posted by ;
    I chatted online with someone in Crown about their structure - 1 pip, no commission. Sounds great. I started asking about their policy scalping - they make a big deal of on the website - and the person got slightly hostile.

    How can the brokers (and community) tend to specify scalping? I've heard of individuals who look to scalp 20 pips in a half an hour and individuals who appear to be in and out of transactions in one minute to make 2 pips....

    What exactly is scalping?

    Why would any broker oppose it? It almost seems like someone who wants to churn their account... if brokers earn $ on the trading action, why would not they need someone who wants to be very busy?

    Also on the news trading remark - if they don't fill nicely in the news, it was proposed to put in a limit order before. Can you (like ) put in both a long and short OCO STOP @ 10 pips from the market at xx:xx:58 and, as the market goes through level, it trades and trips? Is that what?

    Sorry for long post - only my second post... hope to find out more add to the talks

    Thank you
    Definition of scalping to a bargain desk: You win, we lose. We likey.

  7. #17
    Quote Originally Posted by ;
    I've heard of people who look to scalp 20 pips at a half hour and people who look to be in and out of trades in one moment to create 2 pips....
    Yes, there are different views, but I do not think looking for 20 pips in 30 minutes can be egorized as scalping. I can see why market makers do not like when you maintain your trades for just a few seconds during the news, but if you go for over 10 pips and you maintain your trades for over 15 minutes during regular market conditions I think that is just day trading.

  8. #18
    I really don't possess a scalping egy, per se, but when I enter a situation and it runs, yep, I will take my pips in a moment or two. Other times I maintain it more.

    Is that a factor in favor of a broker with no coping desk? If they're passing orders and making a normal commission, they likely appreciate the quantity.

    If on the other hand, they're a bookie, ahem, I mean a dealing desk, I am guessing they do not want to have the action (trades) too quickly they can not put it off (counter commerce ) and are left holding the bag (negative profits)?

  9. #19
    Crown's definition of scalping is a mean profit of less than 6 pips over any 48 hour period. If you're labeled a scalper they will start to bill you 3 pips on the majors and you may only have 100 to 1 leverage or less. Your speculation concerning the bookies isn't far from the mark, in case a provider is taking the other side of the market from you they don't need you to earn lots of money. Back in Crown's case I'm told it is the banks that they put the action off on that don't like it. Crown says whatever bank they put your trade together with (the job with Credit Suisse and UBS mostly ) can also be the one that they exit it together and that the banks don't like to go scalped against. Go find a bank that doesn't like to get rid of money. Lots of scalpers decided to open accounts with Crown because of their 1 pip spread and attempt to abuse the trading conditions, so they let them go elsewhere rather than lose a good relationship with the major banks.

    With reference to your idea about putting orders on both sides of the market you can do that. If the market decided to select a direction right away it will work nicely for you. As they don't expand the spread to trigger your orders just like most traders and have a no slippage warranty it is a great egy. You might also place a trailing stop or a limitation or both on those orders. Just remember that there is no OCO order type on MetaTrader so you would probably wish to go in and cancel the nonfilled order.



    Quote Originally Posted by ;
    I chatted online with someone in Crown about their arrangement - 1 pip, no commission. Sounds great. I started asking about their policy on scalping - they make a big deal of on the site - and also the person got slightly aggressive.

    How can the brokers (and neighborhood ) often define scalping? I have heard of individuals who seem to scalp 20 pips in a half hour and individuals who seem to be in and out of trades in 1 minute to make 2 pips....

    What precisely is scalping?

    Why would any broker oppose it? It almost seems like someone who wants to emphasise their very own account... if brokers make $ on the trading action, why wouldn't they need someone who wants to be very active?

    Also on the news trading comment - if they don't fill nicely in the news, it had been suggested to devote a limit order before. Can you (like ) put in both a long and short OCO STOP @ 10 pips out of the market at xx:xx:58 and, as the market moves through either level, it trades and trips? Is that what's suggested?

    Sorry for long post - just my second post... expect to find out more add to the discussions

    Thank you

  10. #20
    Frequently 1 pip spread on MBT (demo that is)

    I'm not using MBT but regardless of the high commission that they seem to supply you with the actual market price.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.