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Dukascopy vs MB
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Dukascopy vs MB

  #11 (permalink)
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Dukascopy, dukascopy dukascopy.

Did I say dukascopy ?

DUKASCOPY.

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  #12 (permalink)
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Answer: Yes it is your trading. only over news might oanda be an issue. you should not trade spot on a sub hour timeframe unless you are a professional.


tderrick View Post
Well... Oanda is a market maker. I just want to make sure it is truly my trading that is keeping me at 50 / 50.



I am more or less just dabbling to see which approach works best for forex.



I'll take you up on that help... I'll be firing up my futures trading again at the first of the year, as I have been building up my trading account to a proper size. I learned from this site that I was a bit underfunded to trade
properly...

I'll PM you when I start back up... My Christmas bonus should put me over the top...

so you dont need a propper ecn if you are just dabbling. look at the costs involved. also if you look into dukascopy you might change your mind.

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  #13 (permalink)
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LukeGeniol View Post
I would not denigrate forex spot, especially for starting live trading with low budget. I know most of MT4 broker are buketshop. But i think MBT or Dukascopy are fine for starting, next when u gain confidence with your trading, and see u have an edge, u can switch to currency futures with the right budget.

Why do you suggest switching to currency futures which have higher commissions and less liquidity?

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  #14 (permalink)
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Tundi View Post
Why do you suggest switching to currency futures which have higher commissions and less liquidity?

How do futures have higher comissions? For example, EUR/USD you can trade 1 contract that control 125,000 EURO for around $5 rountrip commission. Even with one pip spread on Forex, this will cost you much more. The spread might be lower on ECN brokers, but then you pay a commission on top that will still be more than trading futures.

Just because liquidity is higher in forex, does not mean you will have issues in futures unless you trade 100's of contracts a day and I would guess that most people do not have to worry about that.

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  #15 (permalink)
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thatguy View Post
How do futures have higher comissions? For example, EUR/USD you can trade 1 contract that control 125,000 EURO for around $5 rountrip commission. Even with one pip spread on Forex, this will cost you much more. The spread might be lower on ECN brokers, but then you pay a commission on top that will still be more than trading futures.

Just because liquidity is higher in forex, does not mean you will have issues in futures unless you trade 100's of contracts a day and I would guess that most people do not have to worry about that.

I'm a bit of a neophyte on forex, so perhaps I'm mistaken on the commission, but my experience in futures shows very illiquid markets in the currencies and a spread that is often more than 1 tick even in the 6E.

Do you think it is easier or tougher to buy bid and sell ask in forex via ECN that in comparable futures markets?

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  #16 (permalink)
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Tundi View Post
I'm a bit of a neophyte on forex, so perhaps I'm mistaken on the commission, but my experience in futures shows very illiquid markets in the currencies and a spread that is often more than 1 tick even in the 6E.

Do you think it is easier or tougher to buy bid and sell ask in forex via ECN that in comparable futures markets?

Can't tell you that. I stopped forex a long time ago and focus on just futures. Many people just look at the "free" forex trading and don't realize how much they really pay with the spreads. If you trade something else than EURO in forex, the spreads can easily be 3 to 5 pips. 5 pips on 100K, means you pay $50 in comissions. 10 times more than futures.

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  #17 (permalink)
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Update

I have decided to stick with Oanda, as their server issues around news releases appear to have been resolved.

I've settled in on a longer time frame, position style type of trading method for spot forex. So speed is no longer an issue
for me.

thanks to all for the input..


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #18 (permalink)
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update

Nix that statement about the Oanda servers... I was crashed for 15 minutes during the jobs report yesterday...

Oanda is still the best for me as I am now focusing on long term Positions only...


(duplicated post)

thanks again....


AJ
Nashville, Tennessee


"Life On The Edge of SR"
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  #19 (permalink)
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duka

Dukas servers are quite,realiable
But I think oanda and MBT have tighter spreads.



tderrick View Post
Nix that statement about the Oanda servers... I was crashed for 15 minutes during the jobs report yesterday...

Oanda is still the best for me as I am now focusing on long term Positions only...


(duplicated post)

thanks again....


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  #20 (permalink)
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LukeGeniol View Post
I think they are both good, Dukascopy give an advantage for the non US dollar trader, cose u can open and trade with other currency, so you have not to deal with the exchange of dollars in their own currency, and also thru an introducing agent u will pay less commission.
On the other side MBT is directly supported by NT, if u like to trade with it.

I agree with LukeGeniol, I spent lots of time reading and asking questions about a good ECN forex broker and Interactive Brokers, Dukascopy, MB Trading and FXCM Active Trader seemed to be always mentioned near the top. Of course you will always have detractors who have had bad experiences but overall all these seemed fairly good.

I eventually choose MB Tading as at the time I needed MT4 and though Dukascopy has MT4 its open for demo. The MBT support has been excellent so far. I now am moving to Ninja 7 so I'm glad I choose MB.

The rebate idea was a factor for me but at the time I just seemed to prefer MB..........either will I think serve you well. Hope this helps a little.........

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