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I read the Forbes article.....made for very interesting reading....
i just finished attending a seminar hosted by Global Forex and they were
quite definitive about charging $16 round turn on commissions and that they
dont try to make money on the spreads......they claim slippage is kept to a
complete minimum....
am i being naive?....
its interesting to note that Global Forex were mentioned in the article as
using MONEYGARDEN for clearing trades. I cant see how GF can keep slippage to
a minimum if they are using a spread market maker like MG.
Also contrary to the article. At the seminar I sought experienced Forex
traders and asked them about slippage and they seemed quite happy with their
fills. I didnt press the issue, but after reading the article I certainly
would have been more forceful with my queries.
I am going to quiz some more Forex traders and I will report back to the
group my findings.
Here's some more naivety on my part:
I thought because the Forex is such a huge market (1.5 trillion dollars) that
finding your fill price wasnt a problem. Anyone have any remarks to debate
this point.
Rick
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