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That did occur once or twice, but no, that's not their policy and they don't
usually do that. I was meaning that sometimes you can trade with them at a
better rate than the current market. Obviously its going to be a worse rate
than the market for the guy on the other side of the trade. This is just a
feature (or whatever you want to call it) of dealing with a marketmaker. You
will get some bad deals and some good ones that will average themselves out
over time.
I'm not saying that forex trading over the net is for everyone - it isn't
and it has its disadvantages (some have been pointed out by Gerrit). However
it isn't just a huge scam, and may suit some traders well.
Regards
Simon
>Trevor,
>
>do I understand you correctly ?
>
>> When I traded with CMC, there were times when they moved the quote
>> against me, but there were also times that I was able to deal at
>> prices better than the market. I think it evened out over time, so I
>> was no worse off using the internet rather than the telephone.
>
>Have they given you better prices when you put in market orders and
>the market had "moved away" in your favour ?
>
>This is the first time I hear about this and I have never seen it
>when running their system.
>
>The only company which is supposed to work differently is Union CAL.
>They don't quote you - you have to request a quote via the
>internet and then you hit either side. Supposingly this trade is
>standing unless Union-Cal pulled off the quote within those 2
>milliseconds that it took to hit the button and reached their
>computer.
>
>This example hits one of the problems: Apparently all the
>market-makers are very scared to have the execution side
>(logically the point in time when the trade is closed) on the side of
>the client computer. Because whenver the connection went down between
>the client and them AFTER the client closed the deal on his screen
>but BEFORE it was reported to them they would be in deep shit.
>
>So all system close the trade on THEIR computer. And this is why they
>can always cheat you - if they want to.
>
>Gerrit
>
>> When I traded with CMC, there were times when they moved the quote
>> against me, but there were also times that I was able to deal at
>> prices better than the market. I think it evened out over time, so I
>> was no worse off using the internet rather than the telephone.
>
>> For those who are interested, I traded with CMC.
>>
>> What has been mentioned below can happen, but the way CMC have it
>> setup it's not easy for them to do. If CMC send you a new quote, it
>> gets sent to everyone and gives others the chance to deal at the new
>> quote which you have been given.
>>
>> When I traded with CMC, there were times when they moved the quote
>> against me, but there were also times that I was able to deal at
>> prices better than the market. I think it evened out over time, so I
>> was no worse off using the internet rather than the telephone.
>>
>> Some addition companies to the ones you mentioned are
>> Union CAL
>> http://www.unioncal.com
>> EForex
>> http://www.eforex.com
>>
>> Regards
>> Simon
_ .
Simon Trevor ,~' (_|\
s335159@xxxxxxxxxxxxxxxxx ,-' \
http://student.uq.edu.au/~s335159/ ( * <--Brisbane
Manufacturing & Materials Engineering Student \ __ / Australia
The University of Queensland \,~` "\__/
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