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Scalping costs in Forex vs Futures or Stocks
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Scalping costs in Forex vs Futures or Stocks

  #21 (permalink)
Senior Member
Fullerton, CA
 
Futures Experience: Intermediate
Platform: NT
Favorite Futures: Futures
 
Tundi's Avatar
 
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MetalTrade View Post
They are like minimum 50% cheaper than any USA forex broker, have very fast fills/stable infrastructure.

And... the only guys I know personally trading forex and earning money are with Dukascopy. They are all Europeans though.

Are Europeans smarter than others or are they getting a better deal?

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  #22 (permalink)
Membership Revoked
 
Futures Experience: Beginner
 
Posts: 1,081 since May 2010
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I don't know. I'm just reporting. Maybe Europeans are bigger currency traders ?

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  #23 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
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MetalTrade View Post
Dukascopy! Dukascopy! Dukascopy!

Americans can't do Dukascopy. They are one of the better forex ECN brokers. I don't like their JFOREX system though. They need to get an MT4 bridge that works better.

If you are UK then do Spread betting!

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  #24 (permalink)
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Fullerton, CA
 
Futures Experience: Intermediate
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American not ugly


bluemele View Post
Americans can't do Dukascopy.

I spoke with a Duka rep and he is opening an account for me.

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  #25 (permalink)
Elite Member
San Diego, Calif. USA
 
Futures Experience: Intermediate
Platform: ninja trader
Favorite Futures: EUR/USD
 
Posts: 33 since Oct 2011
Thanks: 8 given, 19 received

I am a forex scalper on MB trading. I pay NO commissions and I set my own spread.

I have placed in excess of 600 trades in a single day --I couldn't afford to do that if I were paying commissions. The most I've earned in commission "rebates" in one day was about USD $85. Back when they were paying more... Now, it would be about half that...

I can't recommend MB Trading highly enough--however, I only use the pay for limits plan and only place limit orders.

I hope this helps.

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