Ladbrokes FX

[Robertral]

What do you guys think about the FX fixed odds on the Ladbrokes site?

I've had a quick go and it seems ok. The 5-min makrets are mental, real good fun

 

[BinarySoft Chris]

What do you guys think about the FX fixed odds on the Ladbrokes site?

I've had a quick go and it seems ok. The 5-min makrets are mental, real good fun

Yeah they look like a good addition, although 5-min FX trading is too much of a gamble for me. I think they are adding Crude Oil betting soon as well, maybe gold and silver to follow?

 

[indexgold]

I will take a look and report back on FX

 

[wannagetstacked]

The fx fixed odds service may be of interest to fx scalpers being eaten by the spread. It allows you to effectively speculate whether the price will be only a tick higher or lower in the next 30 seconds -5 minutes.

The 5 minute fixed odds service is very easy to use and the execution speed is suprisingly fast requiring only a single click to enter. Using a fixed odds service avoids CGT and $ slippage on losses.

Worth a look,

Nathan

 

[indexgold]

The fx fixed odds service may be of interest to fx scalpers being eaten by the spread. It allows you to effectively speculate whether the price will be only a tick higher or lower in the next 30 seconds -5 minutes.

The 5 minute fixed odds service is very easy to use and the execution speed is suprisingly fast requiring only a single click to enter. Using a fixed odds service avoids CGT and $ slippage on losses.

Worth a look,

Nathan

Are you sure, you can be in a trade only 30 seconds.. I thought once you place a bet, you would have to wait for 5 mins for the bet to expire before you know if you won or lost.

 

[wannagetstacked]

You can enter at any time up until 30 seconds before the end of each 5 minute period.

Nathan

 

[indexgold]

You can enter at any time up until 30 seconds before the end of each 5 minute period.

Nathan

Correct but you will have to wait 1min for it to close.....all bets close after 4 mins. so if you can get a quick one in for a scalp you still after wait 1 min for the bet to run

 

[Jack o'Clubs]

Since Ladbrokes are neither a broker or a charity, won't they just close down 'winning' punters, same as they'll do to someone who's a bit too good on the geegees?

 

[c6ackp]

I just opened a Ladbrokes account to check out their FX "game". It's an interesting concept.

I made 10 winning trades in a row on the 1min charts, which is not easy in the real cable market.

There's no spread and no slippage - the only twist is that you have to wait for the full 5 minutes until you "exit" the trade.

There are hundreds of setups on the 1min chart throughout the day which are not viable in the real market which would be viable using this platform.

As Jack o Clubs says, any serious (winning) action would be quickly stopped.

Just a bit of fun, I guess

c6

 

[BinarySoft Chris]

I just opened a Ladbrokes account to check out their FX "game". It's an interesting concept.

I made 10 winning trades in a row on the 1min charts, which is not easy in the real cable market.

There's no spread and no slippage - the only twist is that you have to wait for the full 5 minutes until you "exit" the trade.

There are hundreds of setups on the 1min chart throughout the day which are not viable in the real market which would be viable using this platform.

As Jack o Clubs says, any serious (winning) action would be quickly stopped.

Just a bit of fun, I guess

c6

where is the 1 min chart? surely you can "exit" the trade by locking in profit/loss by betting in the other direction?

 

[indexgold]

let me tell you. you will not make money long term trading with them.

 

[rav700]

I have had a look at this and you could make it work to advantage but my guess is one trade will burn out the rest .......but best of luck to you if its working for you

 

[c6ackp]

>100% return in 2 days of playing with this site - it does provide something to do in between genuine set-ups which are viable in the real market!

 

[c6ackp]

let me tell you. you will not make money long term trading with them.

I turned 10 quid into 500 quid trading cable on this site, so there's plenty of edge available

 

[Cableking]

If they have a deal with Cantor then are the bigger bets not likely to be hedged anyway? Why are people assuming that Ladbrokes financial betting acts any differently to others who won't close accounts of proven winners?

 

[BinarySoft Chris]

If they have a deal with Cantor then are the bigger bets not likely to be hedged anyway? Why are people assuming that Ladbrokes financial betting acts any differently to others who won't close accounts of proven winners?

Who said other financial companies don't close or limit accounts of proven winners? I opened an account with finspreads a while back and I won fairly consistently over a period of a few weeks - they then started taking ages to provide me with a quote (often 30 seconds or more, it started off as 1-2 second delay). There are other threads on people being limited by IG, Cantor, etc.

 

[Jack o'Clubs]

Oh, don't say that, I've just opened a Finspreads account and have been impressed at the speed of quote/fill...! It'll be downhill from here then...

On the Ladbrokes question, if they're somehow hedging the underlying, then fair enough, but I've had enough bookies close down or restrict accounts after a couple of winning horses that I wouldn't have had great hopes of Ladbrokes tolerating winners. Happy to be proved wrong.

 

[Cableking]

Surely any forward thinking bookie seeing a winning track record that can be clearly monitored online (as opposed to creeping drunkenly into random betting shops) would overhedge the winner's selections and just enjoy the free bonus? Maybe that's too idealistic. Oh well. I'll check out the threads you suggested. Thanks for thepointers.

 

[PhiltheBear]

Ladbrokes IS Cantors. Basically Binary Bets are a particular type of option so you can, if you want, emulate them using Excel or whatever. The 1 minute close period is way too long - 30 secs would be too long in reality. But it gives the boys at Cantors the chance to lay off their liabilities.

Oh and Cantor Odds = Ladbrokes.....

 

[Cableking]

In that case Ladbrokes financial really is as 'proper' a financial bookie as any other and is hopefully unlikely to moan at me taking pocketfuls of cash from them. I'll see how it goes, it's got to be better than BOM anyway.