Hi all,

Well I have been trading the currency futures for a while now and just recently started to dip my little fingers in to trading currency spot...seems like i am having a hard time entering into trades with my preferred limit orders b/c of the spread...sometimes it will get hit sometimes not...

I was wondering if people who have been trading currency spot indexes for a while might shed some light on how they go about entering trades b/c of the spread issue.


Thanks,
Suchen

What sort of spreads are you dealing with and which instrument (also which broker). Here is a view of some real time spreads you can compare with what you are seeing.

TrueFX — Tick-By-Tick Real-Time And Historical Market Rates, Clean, Aggregated, Dealer Prices

thanks for your reply websouth!

well i am trading thru...NT using Gaincapital...for forex...

might have to change...looking @ the info on that link!

any recommendations on the legit broker to use...

mainly trading eur/usd, gbp/usd, usd/jpy

suchen
I like MBT. Read more here.

MBTrading cuts forex commissions 41% This is nice! Quoted from an email to customers: Dear MB Trading Clients, We are pleased to announce that effective Nov 29 th, 2009, our standard Forex commission rate for all* MB Trading Futures clients will be reduced to $2.95 per 100k USD Traded. …

also

Forex newbie questions A Forex newbie question: - your broker account is, I suppose, in USD - you go Long EURJPY 132.75, covered at 133.19, +44 pips - do you have to manage yourself the currency risk USD vs EUR, or is it made by your broker ? In this case, if you go Long EURJPY …