Which forex platform are you using and are you happy/unhappy?

[Envious]

You will only be trading based on the chart and platform that is supported by your broker who is the market maker.
This will not be real-time as the price will be set by them.

It's a OTC market, how many pips up and down it's within their discretion, that is why a lot of dispute arriving from there.

 

[Dark Knight]

hey, dude, i mean that you can compare the charts from other providers to see if your current one is cheating...no... why??

I think not much use even if you can prove the discrepancies in price.
They are the market makers and they won't compensate you for any trades.

 

[AhGuan]

I think not much use even if you can prove the discrepancies in price.
They are the market makers and they won't compensate you for any trades.

If you have enough resources, you can have many price-providers and arbitrage these small price discrepancies and make some money when the prices go back in line again. In the banks, there are arbitrageurs ...... used to be humans but nowadays, the automated programs can do a much faster job.

In the old days, FX dealers in the banks will call out many counter-parties interbank, and check their quotes. Some dealers will job you if your quotes are out of line. Eventually, price discrepancies will not last long.

 

[Dark Knight]

If you have enough resources, you can have many price-providers and arbitrage these small price discrepancies and make some money when the prices go back in line again. In the banks, there are arbitrageurs ...... used to be humans but nowadays, the automated programs can do a much faster job.

In the old days, FX dealers in the banks will call out many counter-parties interbank, and check their quotes. Some dealers will job you if your quotes are out of line. Eventually, price discrepancies will not last long.

Can we really seize these sort of arbitrage opportunity if we are only dealing with one broker?
We may have need to have several trading account with various broker to do that.

 

[GOD IS MY DOG]

Agree with you but then why is his school still open? How did he get Lee and lee to notarize the results? Is it just a quesiton of money?

why still open ah ?...................still got many suckers left mah plus foreigners coming to kana con...............


as for results, maybe he have multiple accounts using multiple strategies.............whichever in profit, he submit lor..........


anyway, telling students to risk up to 4-5% of account per trade is suicidal..................some of the students even risk 15% in a trade...........

 

[AhGuan]

Can we really seize these sort of arbitrage opportunity if we are only dealing with one broker?
We may have need to have several trading account with various broker to do that.

Yes. You need to have multiple brokers. Have 2 to 3 big names e.g. Citibank and Deutsche FX trading platforms ......... and the usual mass market brokers ....... and you can start your arbitraging business

Besides jobbing the brokers whose quotes are out of line, you can also arbitrage the crosses.

Warning: the automated programs can do these much faster and more accurately than you ! So you will be wasting your time and money doing this. Cheers.

 

[singham]

you using autobot or you going to do it manually...

Can we really seize these sort of arbitrage opportunity if we are only dealing with one broker?
We may have need to have several trading account with various broker to do that.

 

[Dark Knight]

you using autobot or you going to do it manually...

Unless we can process info and execute trades very fast, otherwise I don't think we can't catch up with the price movement.
using MT5 may not do a good job either unless we can come out with a customized good indicator.
There's some sort of autobot trading software available in the market but I'm not sure if it's reliable or just a scam.

 

[singham]

another way is to set buy at certain position. but i think quite a hassle in some way.

Unless we can process info and execute trades very fast, otherwise I don't think we can't catch up with the price movement.
using MT5 may not do a good job either unless we can come out with a customized good indicator.
There's some sort of autobot trading software available in the market but I'm not sure if it's reliable or just a scam.

 

[Dark Knight]

another way is to set buy at certain position. but i think quite a hassle in some way.

Arbitrage opportunity come and go too quickly. I think it may reach equilibrium before we got time to react rationally.
One may need to trade at shorter time frame with good scalping technique.
You have to be very fast in setting your trading position or else you'll lose out in the market.

 

[singham]

you just set 2 minutes before, don;t have to be at the instant, right???

Arbitrage opportunity come and go too quickly. I think it may reach equilibrium before we got time to react rationally.
One may need to trade at shorter time frame with good scalping technique.
You have to be very fast in setting your trading position or else you'll lose out in the market.

 

[Jah_rastafar_I]

hey, dude, i mean that you can compare the charts from other providers to see if your current one is cheating...no... why??

all different brokers chart will be slightly off. You can go to forex factory to check the prices though but they don't update live obviously.

 

[singham]

i think the impact isn't big...i think most broking houses will eat you a bit.

all different brokers chart will be slightly off. You can go to forex factory to check the prices though but they don't update live obviously.

 

[Jah_rastafar_I]

If i recall you want the exact think u need the ticker charts and ecm brokers but you need connections and not be an ordinary joe schome.

Conrad can even trade forex during the weekends when most brokers are closed but it's still trading just that most ppl cannot trade.

 

[singham]

trade during weekends??? he trade against himself??? :*:

what and who is he trading against, can tell me???

If i recall you want the exact think u need the ticker charts and ecm brokers but you need connections and not be an ordinary joe schome.

Conrad can even trade forex during the weekends when most brokers are closed but it's still trading just that most ppl cannot trade.

 

[Brubeck]

Reading all these drivel just gave me a seizure

 

[Sinkie]

Reading all these drivel just gave me a seizure

LOL...

Not really drivel, quite informative, but accurate or true or not, most likely it's just trivial banter.

 

[Dark Knight]

you just set 2 minutes before, don;t have to be at the instant, right???

You may be able to have 2 minutes to make rational decision during normal trading hours where price movement is not so active.
But scalping during the London open market hours where price movement is the most vibrant may not be easily done.
Everything happens just so fast when all the big dogs step into the market.

 

[Jah_rastafar_I]

trade during weekends??? he trade against himself??? :*:

what and who is he trading against, can tell me???

Alamak only retail traders cannot trade during weekends. It's still trading during the weekends just that ppl with no connections cannot input positions. Have you noticed how come there are big gaps when price opens again on a monday compared to last friday. Now if the market totally closes during the weekends price would have been totally still and not moved at all yet when you check the price on monday you see big gaps it shows that there was trades ongoing during the weekends.

 

[GOD IS MY DOG]

Yes. You need to have multiple brokers. Have 2 to 3 big names e.g. Citibank and Deutsche FX trading platforms ......... and the usual mass market brokers ....... and you can start your arbitraging business

Besides jobbing the brokers whose quotes are out of line, you can also arbitrage the crosses.

Warning: the automated programs can do these much faster and more accurately than you ! So you will be wasting your time and money doing this. Cheers.

so far from all the fx forums i've been to.......arbitrage is not possible for the average retail trader........only for the banks