Hi Trader121,Originally Posted by ;
Just a question if you please. Those order dimensions, are they 100K or millions, ie lineup is 60m at that price?
Regards,
K.
Hi Trader121,Originally Posted by ;
Just a question if you please. Those order dimensions, are they 100K or millions, ie lineup is 60m at that price?
Regards,
K.
Depends on the market requirement. A fixed disperse market manufacturer using a 4 pip spread on major pairs may be cheaper than an ECN once the spread is spiking and extending and to make matter worse, the trader has to accommodate for the commission.
1 unit in this chart is 10k, which suggests 10'000 notional. That implies:Originally Posted by ;
1 = 10'000 notional = 1 $ per pip = 0.1 Components in Metatrader
10 = 100'000 notional = 10$ per pip = 1 Unit at Metatrader
100 = 1'000'000 notional = 100$ per pip = 10 Components in Metatrader
1000 = 10'000'000 notional = 1000$ per pip = 100 Units in Metatrader
Thanks for clarifying that. Basically, bid is 0.6m and ask is 1.3m. Not really that fantastic liquidity should you look at the following bid is nearly 0.3pips away with 4.9m. Then again, could have been the market conditions at the time.Originally Posted by ;
Regards,
K.
All I know is that the ECN brokers have quite low spread so that the profit earning is really quicker in comparison to other broker types which has more spreads such as the market makers.