Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

fxeconomist

Fixed Spread Account at Hotforex. Is It Possible?

Recommended Posts

Hey guys,

Just wanted to ask you a broker-related question.

I'm messed up with calculating my trading costs with floating and fixed spreads on HF accounts but what I really need to know does fixed spread account also rules out slippage? Or I will still be getting affected with it?

thanks.

Share this post


Link to post
Share on other sites

isn't this something you would ask about at HF or in HF forum ?

btw... any time your orders 'coincidentally' line up just right with bid or ask movements, they can slip you as much as they want.

 

hth

Share this post


Link to post
Share on other sites
isn't this something you would ask about at HF or in HF forum ?

btw... any time your orders 'coincidentally' line up just right with bid or ask movements, they can slip you as much as they want.

 

hth

 

Well I thought any thoughts, ideas or questions related to forex trading are permitted to post here.. That's why I asked if any of you tested this account or similar with other broker and can share his thoughts on how good is it from the point of trading

Share this post


Link to post
Share on other sites
Well I thought any thoughts, ideas or questions related to forex trading are permitted to post here.. That's why I asked if any of you tested this account or similar with other broker and can share his thoughts on how good is it from the point of trading

 

mist,

 

My post was certainly not intended to discourage enquiry or replies. Simply, I noted low probability of answers coming from this forum and attempted to suggest other paths to take to get the info you need.

 

It’s probably a good question. I’ve noticed across the years the higher the quality of a trading questions on forums the lower the quality and quantity of answers. The very best questions receive no replies at all.

 

If it were me, I would go on their site and do the math comparing costs of spread markups vs commisionfixed. ... and...

 

I would not pay any attention to testimonials period - because those giving positive testimonials probably had never been in a ‘messy situation’ with orders and if they did, were in the tiny % that was just plain got lucky... ie if a trader gets into 4 or 5 order ‘messes’ a month, it’s almost guaranteed no positive testimonials are ever coming out of that trader - even if the brokerage’s services are as good as anywhere else.

How tf would I know these things? :rofl: (answer includes... I been in the brokerage business, studied my clients...)

Plus many of those with negative testimonials usually had plenty of time to fix/move the dam order and didn’t.

How tf would I know these things? :rofl: (answer includes I have never been screwed by a broker and I have never made an order mistrake)

btw Anal75 was just talking about this stuff at http://www.traderslaboratory.com/forums/trading-psychology/20703-how-you-see-world-has-significant.html#post207815

 

Wishing you all the best,

 

zdo

Share this post


Link to post
Share on other sites
mist,

 

My post was certainly not intended to discourage enquiry or replies. Simply, I noted low probability of answers coming from this forum and attempted to suggest other paths to take to get the info you need.

 

It’s probably a good question. I’ve noticed across the years the higher the quality of a trading questions on forums the lower the quality and quantity of answers. The very best questions receive no replies at all.

 

If it were me, I would go on their site and do the math comparing costs of spread markups vs commisionfixed. ... and...

 

I would not pay any attention to testimonials period - because those giving positive testimonials probably had never been in a ‘messy situation’ with orders and if they did, were in the tiny % that was just plain got lucky... ie if a trader gets into 4 or 5 order ‘messes’ a month, it’s almost guaranteed no positive testimonials are ever coming out of that trader - even if the brokerage’s services are as good as anywhere else.

How tf would I know these things? :rofl: (answer includes... I been in the brokerage business, studied my clients...)

Plus many of those with negative testimonials usually had plenty of time to fix/move the dam order and didn’t.

How tf would I know these things? :rofl: (answer includes I have never been screwed by a broker and I have never made an order mistrake)

btw Anal75 was just talking about this stuff at http://www.traderslaboratory.com/forums/trading-psychology/20703-how-you-see-world-has-significant.html#post207815

 

Wishing you all the best,

 

zdo

 

Well thanks for well-reasoned reply, the point is I'm constantly in a search for shortcuts in my trading (and in my life too) so I used to bank on somebody others' experience, providing he's been looking for same things (set same goals) and got some results. Verifying testimonials and filtering out genuine and useful guidance is the second part of the deal. Which of course is also subject to hot debate.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Book profitable forex pips with minimal risk and investment. Major currency pair signals include EUR USD Signals, USD CAD Signals, EUR CAD Signals, EUR GBP Signals, GBP JPY Signals, GBP USD Signals, USD CHF Signals etc... Best Features of our Forex Signals: 1-2 Forex Signals on daily basis Monthly accuracy of more than 80% Multichannel signals delivery - whatsapp, email, telegram, etc.. Customized service Visit now - https://www.mmfsolutions.sg/services/forex-pack  
    • Date : 22nd May 2019. MACRO EVENTS & NEWS OF 22nd May 2019.FX News Today Comments from Fed’s Bullard that a rate cut could become an “attractive option” if inflation continues to disappoint added support to bond markets ahead of the release of the Fed minutes from the May meeting. Ahead of today’s Fed minutes, this helped to lift sentiment and underpin stock market sentiment, which struggled for direction amid conflicting trade headlines. Reports that the US administration is considering blacklisting up to 5 Chinese surveillance firms, including Hikvision added fresh concerns about a deepening of trade frictions and put pressure on tech stocks. The GER30 futures are heading south in tandem with US futures after a mixed session in Asia, where mainland China bourses underperformed. The FTSE 100 future is getting some support from a weaker pound, which is shedding the gains seen in the wake of May’s latest Brexit deal yesterday At the same time, China’s ambassador to the US said Beijing is ready to resume talks and ASX and Nifty 50 slightly higher. The WTI future meanwhile fell back to USD 62.58 per barrel. Charts of the Day Technician’s Corner EURUSD spiked up briefly to 1.1188, just above its 20-day MA, though has now eased back under 1.1150. The Euro remains in sell the rally mode, given the Dollar’s yields advantage, and relatively better performing economy. EURUSD has posted 6-straight sessions of lower daily lows, a bearish signal, and has sights set on the May 3 bottom of 1.1135, then 2019 lows of 1.1110 seen in late April. XAUUSD: Renewed dollar strength, along with the return of risk-taking conditions has dented gold’s safe-haven appeal. The US easing of restrictions on Huawei has helped equity sentiment, to the detriment of gold prices. Next support comes at $1,270 in the near term, then $1,267.30, , the May 2 low, then $1,258.38, the 200-day MA. Main Macro Events Today Consumer Price Index (GBP, GMT 08:30) – Prices are expected to rise in April, with overall inflation expected to stand at 2.1%y/y, compared to 1.9% y/y last month. Retail Sales and Core (CAD, GMT 12:30) –Canadian sales are expected to have eased by 0.4% m/m in March, compared to 0.8% m/m in February. FOMC Meeting Minutes (USD, GMT 18:00) FOMC minutes, detailing the view of each of the Fed Governors and FOMC Members, shed light on their perspectives regarding the future of the US economy. FOMC left policy on hold earlier this month, and it cited solid growth, low headline and core inflation, though Powell said in his presser that the weakness was likely “transitory”. Support and Resistance levels Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • The Nifty FMCG index slipped 1% on Wednesday amid heavy selling pressure seen in UBL, United Spirit, HUL, Jubilant Foodworks, and GlaxoSmithKline Consumer Healthcare.
    • With earnings a week from Thursday, I like $KHC. Has a 5% dividend yield, Buffet owns a big chunk. Investors expect horrible news (expectations low). Stock trading at multi-year lows. Chart in extreme oversold area. It has all the makings of a bounce. -Gareth Soloway
    • Top 5 Differences between forex and stocks The table below summarizes a few key differences between the forex market and the stock market: Forex Market                                                                                            Stock Market Large volume- Around $5 Trillion per day                                 Less volume – Roughly $200 billion per day Highly Liquid Less liquid 24 Hour Markets 8 Hour Markets Minimal or no commissions Commissions Narrow Focus Wide Focus
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.