BIG MONEY trades which bank/broker etc...
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Thread: BIG MONEY trades which bank/broker etc...

  1. #1
    . . .curious if anybody here transactions in volumes of 10-100Bil per month to learn, if so what sort of commissions/spreads can you expect. Can you get fills on huge orders when you trade with the big boys ? I ask because Dukascopy shows about 300-350Mil in any time during very busy market periods. Anyone have some input?

  2. #2
    Quote Originally Posted by ;
    .. .curious if anyone here transactions in volumes of 10-100Bil per month to know, if so what kind of commissions/spreads can expect. Can you get fills on large orders when you trade with the boys ? I ask because about 300-350Mil is only shown by Dukascopy in any given time during busy market periods. Anyone have any input?
    You mean, if there is anyone who scalps with 50 - 100 mil places? I doubt that. Any movement with this size of transaction is likely to influence market, a pip or two, when you are really large frequency scalper however you will hurt. I do see daily transactions of 100 mil and up but these are done not in a manner in any way.

    The way I view it, scalping for lt;10 pips is a bad man's job in forex. Big boys are likely to be somewhat more egic or scalp to get pips at a time.

    I graduated from demonstration to life accounts and the encounter was quite Awakening, interface is the same, market information also yet, it feels and behaves soooo much differently. I discovered the hard way (5-digit way) to be somewhat careful and very a little more conservative then in demos. At least till I get back what I lost to the market. Low leverage is a must, you do not wish to get caught with an extremely leveraged position. You will not fill even 100k As you can't bail.

    The following lesson was that scalping for anything less then 7 pips is basically feeding the broker and supplying liquidity while shooting unjustified risks.

    YMMW of course.

    P.s I trade on good CX hub.

  3. #3
    Quote Originally Posted by ;
    You mean, if there is anybody who scalps with 50 - 100 mil places? I doubt that. Besides, any movement with this size of trade is very likely to influence market, a pip or two, if you're really high frequency scalper, but you may hurt. I really do see daily transactions of 100 mil and up but those are done not at all a scalping manner at all.

    How I view it, scalping for lt;10 pips is a bad man's occupation in forex. Big boys are very likely to be scalp or egic for much more pips at a time.

    I recently graduated from demo into life accounts and the experience was very Awakening, interface is the same, market data also yet, it behaves and feels soooo much otherwise. I discovered the hard way (5-digit way) to be somewhat careful and very a bit more conservative then in demos. At least until I get back what I lost to the market. Low leverage is essential, you don't want to get caught with an extremely leveraged position. Because you can't bond, you won't fill 100k.

    The following lesson has been that scalping for anything less then 7 pips is basically feeding the broker and providing liquidity while shooting unjustified risks.

    YMMW of course.

    P.s I trade on great CX hub.
    No one mentioned anything about scalping for lt; 10 pips, and trust me I am NOT poor Thank you for the input

  4. #4
    Whahaha.. .did you anwser the question or you wanted to lecture?

    Every pip is cash. . .give 70mil that is my. A 7 pips, you retain the rest... I am glad. . .so are you currently...

  5. #5
    As far as I know at ducascopy you'll have slipage even if you only trade 1/2 mil they have alot of liquidity but only on the second or third level which expands your spread with ib you'll have up to 20 mil liquidity at the very first level so in my opinion big boys are using IB the downside should you trade outside the US it might take up to 170 ms (check your ping together ) maybe less or more to get stuffed so excecution is a bit quicker at ducascopy but this depends where your loion is

  6. #6
    Quote Originally Posted by ;
    .. .curious to know if anybody here transactions in volumes of 10-100Bil per month, if so what kind of commissions/spreads can expect. Can you get fills on orders when you exchange with the big boys ? I ask because about 300-350Mil is only shown by Dukascopy at any particular time during very busy market periods. Anyone have some input?
    If you're performing that sort of volume, you'll need a professional platform with a prime broker attached.
    HotspotFXI.com will have the ability to assist.

  7. #7
    Quote Originally Posted by ;
    No one said anything about scalping for lt; 10 pips, and trust me I'm NOT poor Thanks for the input though
    True.

    But the larger position traders (hedge funds, etc. that need liquid instruments to manage huge funds) don't scalp. Those trades can last years.

  8. #8
    Quote Originally Posted by ;
    You mean, if there's anybody who scalps using 50 - 100 mil places? I highly doubt that. Any movement with this particular size of transaction is very likely to affect market, a pip or two, if you are really large frequency scalper, but you may hurt. I really do see daily transactions of 100 mil and up but these are done not in a scalping manner in any way.

    The way I see it, scalping for lt;10 pips is a poor man's job in forex. Big boys are very likely to be scalp or somewhat more egic for more pips at a time. hahahaha. Obv someone who does not know what he does not know.

    I recently graduated from demo into existence accounts and the encounter was very Awakening, interface is exactly the same, market data too yet, it behaves and feels much differently. I discovered the hard way (5-digit way) to be very careful and very a little more conservative then in demos. At least until I get back what I lost to the market. Low leverage is a must, Not in any way a must!! You do not want to get caught with a highly leveraged position. Because you cannot bail, you won't fill even 100k.

    Another lesson was that scalping for anything less then 7 pips is basically feeding the broker and providing liquidity while shooting unjustified risks.

    YMMW of course.

    P.s I trade on great CX hub.
    Why not respond to the article and actually mention the title of the fantastic cx hub!

    Regards,
    K.

  9. #9
    Quote Originally Posted by ;
    .. .curious if anybody here trades in volumes of 10-100Bil per month to know, if so what kind of commissions/spreads can one expect. Can you get instant fills on orders when you trade with the big boys etc? I ask because Dukascopy shows about 300-350Mil in any time during very busy market periods. Anyone have some input?
    Curious to know, are you asking since that is the type of volume you'd be hoping to deal or you're only curious?

  10. #10
    Quote Originally Posted by ;
    HotspotFXI.com will have the ability to assist.
    Recently analyzed the live feed, was a bit underwhelmed by both the spreads and depth. Shot from last week Allowed that is the Asian session, but NY/Euro was not very distinct from a depth-of-book perspective. Many Currenex hubs (as well as IB) offer significantly greater liquidity (at least displayed liquidity, Iceberg orders notwithstanding).

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