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DislikedIt sucks if you scalp, which is already hard enough to do with 1.5 pip spreads. Now its 2.3, and this the last straw for me. Not that I'm a big trader that will mean much at all to them, but now it just makes more sense to trade the EURUSD futures. Futures spreads on EURUSD are about 1 pip plus commissions which will be under $5 RT.Ignored
Dislikedyes, but with FXCM UK Micro you have about 200:1 real margin (400:1 on some currencies like USD/CHF or USD/JPY)
what's the margin on futures ?Ignored
DislikedThe broker I'm going to use has a $500 day trading margin on euro futures, and that's for the big one ($12.5/pip). This is perfect for me since I've given up trying to figure out what the hell the market's going to do beyond the next 5-10 minutes.Ignored
Dislikedwhat does it mean "$500 day trading margin" ???
If I have $10K in my account how much of the euro futures can I buy before they liquidate my contract ?
Eg: with 400:1 fxcm uk I can buy $10K/$2.5 = 4MIL of USD/JPY (40 x 100,000) ... and
$10K/3.75 = 2.66 (26x 100,000) MIL of EUR/USD ...
I'm asking since I'm usually averaging my positions so they build up and I prefer to know how far I can goIgnored
DislikedAnd maybe even more slippage since the orders will be going directly to the banks. But I hope I'm wrong.Ignored
DislikedIt should be comparable to what you experienced on FXCM Micro's current setup.
On the topic of slippage, I know this ranks as a top concern for NDD/STP execution models since your order is being filled according to available liquidity. What you can do is continue to use the order management tools you use for market orders such as At Best or Market Range to control the amount of slippage you are willing to accept on market orders. And this is an ongoing concern for us as well as we are always looking for new ways to improve order execution and...Ignored
DislikedThis sucks for traders. After you remove all the fluff, it just means we will be paying higher spread costs.Ignored