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Go Markets

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Trembling Hand said:
Yeah thats good but,,,,,,,,,,,, don't want to be a smart ar$e but tell us how you are going in 100 days. You would really need a HUGE edge to pay for that spread. IMHO.

But still well done.
Click to expand...

yeh i dont expect it to be a permanent thing at all, Decembers spread has been pretty ****, hopefully get back to around 11pips in January, as profits have been down recently. Still profits tho.

AUDNZD has some unique features which make it good to trade...

im currently with ibfx as my account size is small and they do $100 lots (ie 1US cent per pip for USD currencies)...

ill change to Gomarkets once i start with micros...

then in the future far far away ill think about getting into ECN's.
 

Wouldn't recommend changing over to GoMarkets, I recently found out that the volume data given by their MT4 platform isnt volume. Its the number of different bids placed for that interval, a joke really.

Im looking at changing over to something like ninja trader, then getting a feed from Esignal (with actual FX volume), and getting brokerage done through IB. Anyone know if this setup is possible?
 

i wouldnt mind using the same configuration but with metatrader... luckily atm i havent implemented VSA into my current strategy so volume doesnt bother me as much...
 
That's what esignals volume is from when I looked at it 3 or 4 years ago. May be diff now.
You can get vol from IB but it will not back fill (or I can't figure it out any way )
 

Since there is no actual Physical Exchange in FX , there can't be any accurate volume.

The only way to get volume would be if you were a bank and had the six(I think there is 6?) interbank feeds coming in and worked it out from there.

You could use futures volume, not sure how this would work though.
 

e-signal supposedly has feeds to basically all the major banks (more then any other retail broker). I found a table somewhere that showed all the banks all the major retail FX brokers were connected to, but i cant find it now.

I'll give them a call
 
well....they are supposedly the same.

that will teach me for listening to people on other forums besides ASF

"foreign exchange is kinda difficult to calculate, so the volume provided by us on foreign exchange is actually tick volume"

Still, i think i will still go with ninja trader. MT4 is a bit limited

edit: E-signal does still offer market depth for forex
http://www.esignal.com/international/forex.aspx
Market depth would do me just fine
 
How's gotrader for trading stocks?

I want to trade stock similar to the forex format - ie. trade in real time and you can see the chart moving when you make your trade.

The NAB online trading doesn't let you do that and trading at market price always is more.
 
ECN is just a marketing ploy. its BS. there is no market for FX.

matching trades and taking the spread is what a good broker should do, and pass on the remaining exposure to a bigger player.

im not talking bucketshops, but good 'market making' fx brokers.

ECNs are merely passing your trade onto a bigger 'market maker' then the usual retail ones and charging you for the privilege (and missing out on profit in doing so - hence the commission charge).
 

Dowdy I've just downloaded some free software called Quote Tracker & now can get what I think you want via my dumb old Westpac online acc, the only prob I've got now is while Quote Tracker is running I continually (every 30 seconds) get logged out of Westpac on the browser (security). Maybe NAB wont have the same problem. Typical that Westpac broking acc gives access to live feed but only provides a dumb interface. I'm sick of $25 brokerage & a dumb service I need to upgrade. Can some suggest my best option?

I want to use a live data feed the way QT uses it & beleive I deserve $6 or small percentage brokerage fees. Should I/can I possibly use Ameritrade to trade ASX shares or should I be looking at IB or someone else?

Main needs are ASX Shares, low brokerage & live feed for dabbling in day trading. ( been watching Wall St Warriors too have you? )
__________________
 
Out Too Soon said:
I want to use a live data feed the way QT uses it & beleive I deserve $6 or small percentage brokerage fees. Should I/can I possibly use Ameritrade to trade ASX shares or should I be looking at IB or someone else?
Click to expand...

Well IB costs $6 minimum per asx trade....... you seem to already know this.... so why aren't you using them already?
 
Has anyone used Go Markets to trade the SPI?
Has anyone used Go Markets to trade the Aussie 200 index cfd?
How do you like using Go Markets?
Thanks.
Rogue Trading
 
Hello everybody
I am looking at Go Markets to trade SPI.
I like their micro lots.

0.1 Lot of APS_XX (SPI 200 Futures):

0.1 Margin: $283.30
0.1 tick-value: $2.50
0.1 commission (one-way): 20c.

Anyone is trading with them?
Seeking an opinion on
technical issues,fills,slippage, anything.
Especially if someone trades SPI with them.
Thanks
 
"GO Markets offers futures contracts, traded online through our GO Trader trading platform on live streaming prices".

But I just read some posts and found out that they actually offer CFD on SPI.This is not what I wanted.
I wanted Futures SPI(AP).
I know IB.
Anyone using other brokers?
 

Think IB has most new accounts because they are the cheapest and a pretty good platform.

MFGlobal is the other big Aus Futs broker.
 

I trade the Aussie 200 index futs with them , same live data as the SPI , have checked the feed in conjunction with another provider !

Platform is good , no slippage problems , fill speed is ok for me .
You can only place stops after trade execution , I don't bother as time is critical & I like the tension thats created not having any

When executing you can choose from 0.1 , 0.2 , 0.3 etc up to 8 , ( as long as you have covered the margin ) thats $2.50 through to $200.00 a tick.
If you wish to use multiples of these to get greater leverage best you ask them ?
Now I've only used the lower levels so can't speak about fill speeds at larger tick amounts.

Good Luck .
 
Thanks everyone
I found SFE Full and Clearing Participant Directory on ASX site.
Have to go through it .
Just trying to avoid trading with MM.
 
Bobby said:
Go are not the MM model , spread is real .
Click to expand...

Can you explain that? Because to me its still a MM. Its still them on the other side of the trade. And you still have to give up the spread on every trade. If you trade often this cost you.
 
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