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fxeconomist

Fixed Spread Account at Hotforex. Is It Possible?

By fxeconomist, in Forex

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fxeconomist    11

fxeconomist
Posted

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.

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zdo    20

zdo
Posted

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

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fxeconomist    11

fxeconomist
Posted
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

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zdo    20

zdo
Posted
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

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fxeconomist    11

fxeconomist
Posted
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.

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