Scalping

This is a discussion on Scalping within the First Steps forums, part of the New Traders category; ^ I don't see how that would be an issue. The broker gives you a price, and he must honour ...

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Old Mar 4, 2012, 1:36pm   #17
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^ I don't see how that would be an issue. The broker gives you a price, and he must honour that price if he's to receive business.

At least, that's how I see it.
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Old Mar 4, 2012, 1:41pm   #18
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There may be no T&S, DoM or Order Book on FX... But this goes for everyone else as well!
let me 'help' you out. Find out what % of the FX market is retail trading (clue - it's under 5%). The rest is interbank and they can see orders in the market and volumes going through.
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Old Mar 4, 2012, 2:00pm   #19
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I'm well aware of that. As far as I know, market participants don't have access to that kind of information. It's like saying brokers know where the orders and volume is... Of course they know it.

Oh, some brokers provide access to their order book but I haven't had much evidence those things are practical for every day trading.
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Old Mar 4, 2012, 2:29pm   #20
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^ I don't see how that would be an issue. The broker gives you a price, and he must honour that price if he's to receive business.

At least, that's how I see it.


Umm, OK. Good luck.
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Old Mar 4, 2012, 3:39pm   #21
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There may be no T&S, DoM or Order Book on FX... But this goes for everyone else as well!
Everyone else except the broker.....

Quote:
Originally Posted by VielGeld View Post
^ I don't see how that would be an issue. The broker gives you a price, and he must honour that price if he's to receive business.

At least, that's how I see it.
That's just not how it works. Their business comes from uninformed new traders and there are a constant, steady stream of them.

You can make money scalping the futures markets, but only if you have the right broker, the right software, the right data and you know which markets to scalp and which to stay away from.
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Old Mar 4, 2012, 3:45pm   #22
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It is said there is no available order book or depth for spot forex so what is this?

OrderBookFX | Real-Time Forex Market Depth

If they would just send me the damn email so I could get the seven day free trial.
I suppose Friday was not the best day to submit the request.
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Old Mar 4, 2012, 3:52pm   #23
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It is said there is no available order book or depth for spot forex so what is this?

OrderBookFX | Real-Time Forex Market Depth

If they would just send me the damn email so I could get the seven day free trial.
I suppose Friday was not the best day to submit the request.
I posted in the thread you made on this software that it is another scam. It is. So what if their book says the market is bid for 100 at 25. Hit the bid with 101 and see if the price changes. It will not.
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Old Mar 4, 2012, 4:12pm   #24
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It is said there is no available order book or depth for spot forex so what is this?

OrderBookFX | Real-Time Forex Market Depth

If they would just send me the damn email so I could get the seven day free trial.
I suppose Friday was not the best day to submit the request.
What is this? A load of boll0cks.
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Thanks! The post above is recommended by: DionysusToast
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