[waveslider]

Thanks Cooter (is that from dukes of hazzard?)
Here is an email from TS I got regarding forex. I just moved to Canada from the Us so am much more interested in hedging b/w currencies now. Any comments on this email?


Tighter spreads with no markups/markdowns
Fixed spreads are a way for FCMs to markup or markdown the best bid or offer. This is usually done to hide their fee into the price of the currency pair instead of displaying their best quote. Of course, there are costs incurred in transacting trades, so when you see an FCM claim they have “no commission” you should be aware they are making money with the built-in markup/markdown in the spread.

TradeStation Securities has nothing to hide. We understand traders need the tightest possible spreads, and with the release of TradeStation 8.3 will offer tighter spreads with no markups/markdowns and openly display a low commission rate. With our new upfront commission pricing you’ll know exactly what you’re paying for — and allow us to offer you narrower price spreads.

New Forex Commission Structure
We quote the best bid/offer from multiple large banks and charge a separate transparent commission, which include exchange and regulatory fees.

TradeStation Forex
EXAMPLE #1: 100,000 EURUSD = $2.67 (0.00002 X 133,333*)

EXAMPLE #2: 100,000 GBPUSD = $4.00 (0.00002 X 200,000**)

EXAMPLE #3: 100,000 EURJPY = $2.67 (0.00002 X 133,333***)

* Assuming fill price of 1.33333
** Assuming fill price of 2.00000
*** Assuming fill price of 160.000 and conversion rate = 1 USD : 120 JPY