Most suitable broker for news trading - Page 3
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Thread: Most suitable broker for news trading

  1. #21
    Quote Originally Posted by ;
    quote The thing is slippages must go both ways. It's understandable that slippages happen during high impact news and stop orders may get implemented tens of pips from the stop price BUT when you chance to be on the right side of this market, you should also acquire positive slippages on your favor tens of thousands of pips from your limit or stop orders. Remember it is a zero-sum match; in case your stop orders have been implemented tens of pips from the stop price, so somebody somewhere needs to be getting their ceases or limit orders executed tens of thousands of pips...
    That is true. However, when we lose money we are looking how that happen and watch closely what happened. That is the reason why people notice negative slippage. Favorable slippage is hard to spot, as we won't notice it due to the winning trade, we will just proceed to the next one. I don't say that it is always like that, but I am speaking from personal experience.

  2. #22
    Quote Originally Posted by ;
    Hi all. I have a sense that this subject was discussed to death. I have seen some issues about it around here. Anyway, forgive the newbie to creating one more thread like that but I really needed to because I could not find the answer I was looking for. So long story short, I am looking for a broker that would be acceptable for news trading. I know the majority of the retail brokers are not the best when it comes to news trading but if you are news trader and in case you'd experience with a handful of brokers, from all, which would be the best for your...
    Once more: It is extremely hard (read: impossible) to exchange news profitably from the long-run. As accurate STP brokers like Hanseatic or Tickmill extend their slippage and sometimes perform at the conclusion of candlestick to avoid taking liquidity risk independently. They could fill an order for you but they guarantee they make it secure and won't shed if their LP will find this order filled worse.
    But nevertheless, it is possible to give it a try but make sure you start from small lots because its simpler for broker to execute them.

  3. #23
    I believe virtually every broker enables trading during news however they do restricts those trading tactics that violates any of their terms. Additionally I think that slippage happens at the moment once the market went crazy so the traders simply have the choice to trade as it's basis.

  4. #24
    Quote Originally Posted by ;
    I think almost every broker allows trading during news nevertheless they do limits those trading egies that violates some of their terms. Moreover I think that slippage happens in the moment once the market went crazy so the traders only have the choice to trade as it's basis.
    In my understanding, I do not think it's possible for genuine broker to disallow any egy apart from particular. Therefore, if any broker do not allow you to exchange during news than it's not a broker. Despite freebies I won't function with such businesses.

  5. #25
    A senior trader told me that brokers or liquidity provider believe this sort of order as poisonous order, it's not welcome with them. To get a start if ur order is little, they might let u triumph for a few of months, after that, they will slap u with slippage, and force u to modify trading style.

  6. #26
    The best broker for news trading is: Money-For-Free ECN/STP FX.
    Instant execution, no slippage and enormous liquidity.

    And the best part isthat all losing trades will be transformed into winning trades. Automatically!

  7. #27
    Quote Originally Posted by ;
    The best broker for news trading is: Money-For-Free ECN/STP FX. Instant execution, no slippage and huge liquidity. And the best part is, all losing trades will be changed into winning trades. Automatically!
    Why do you think news trading is hopeless? Or its not possible with retail brokers only?

  8. #28
    Quote Originally Posted by ;
    quote Why do you believe news trading is impossible? Or its impossible with retail brokers only?
    Can I say it's impossible?
    I have stated that the conditions are sh*t during news events, despite Futures. Every vulture is waiting for it.

    Don't expect that the broker can fill your price what you click at.

    LPs will b*tch around because they are in the business to generate money.

  9. #29
    So yeah basically do not trade during news?

    Or the only way I'd do it, is to be ready to loose the whole account. So some sort of all-in call.

  10. #30
    Quote Originally Posted by ;
    So yeah basically do not trade during big news? Or the only way I'd do it, is to be prepared to loose the whole account. So some kind of all-in call.
    Yes, completely accurate. I agree. Had my fair share of loses during big news announcements. Won a number of it but in the close of the day, more losses than winnings, therefore I try to avoid it now.

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