What is The BEST BROKER for TRADING NEWS????

[OzWizard]

!!! go_ump !!!! ?????

A STOP LOSS BECOMES A MARKET ORDER WHEN IT IS HIT!!

NO ONE WAS WANTING THE OTHER SIDE OF YOUR ORDER UNTIL
THE 44 PIPS WERE GONE!!!

ps - Read my POST just before yours!!!


OZ in "It makes no SENSE to me" Land

 

[Pharaoh]

It's called slippage. All brokers claim "little or no slippage" yet virtually all have some, and some have a HUGE amount.

Read the fine print of your contract - it probably says something about "volatile market conditions" pretty much exempting the brokerage from any responsibility for any promises they made. News spikes are definitely volatile market conditions (of course, bad brokers will claim volatile market conditions even in a very slow time).

This is why it's a good idea to test all strategies (and brokers) with small amounts of money. If all goes well, scale up slowly (especially since some brokerages tend to pay careful attention to large orders and/or profitable traders).

More and more brokers are making it harder and harder to trade news spikes.

 

[Vettah]

Any experience with news spreads/fills on Hotspot

I didn't realize hotspot was an ecn. Sounds like they have low leverage and a higher than avg opening balance. Any experience on spreads during the news?
Thank you!

 

[digforpips]

Hi what is the best broker for trading news????
Oanda??, MB Trading ??? , Interbank FX ????

Thanks

I trade with IBFX. I have traded the news with them before succesfully but I wouldn't bet my retirement on it. My suggestion is to avoid trading the news and learn good solid technical analysis. Finding a good news trading broker is like finding the lochness or big foot.

 

[george soros]

I've moved my account to MB Trading on the recommendation of Felix and must say many of the problems I experienced with MT4 brokers have gone.
You have to pay them a commission but you're able to properly place your trades wherever you want in the market.
I use the Ninja Trader interface to do all my trading and find the tick information extremely useful and going in from a DOM interface is preferable for me, particularly when trading the news.

 

[charlyt]

I would say for news, the best broker is FXCM, it has huge liquidity, the problem is they are a bucketshop, so better stay away, you will find problems trading with this guys.

thanks.

 

[emmajabah]

GFT is not bad when it comes to execution of trades,including news time.I operate a mini account with them though. I would'nt know if the same smooth trade execution applies to standard account as well.