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Old 02-18-2007, 06:45 AM
senaka7 senaka7 is offline
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Join Date: Feb 2007
Posts: 21
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You are absoulutly right cwave. Not having upto date technology also effects your order execution. I have personally experienced what a huge difference between a fast DSL Internet connection and a superfast fiber optic cable connecton could make. I have my DSL as back up and when I use my DSL
(1500/512kb) it gives me atleast 3-10 requotes per week, when my
Cable (17000/512kb) gives me zero requotes with the same broker,same platform.

And also I want to point out one more thing. Often people argue, on a extremly volatile market, how can a price jump 10-30 pips without a price movement trace on the charts. eg- If the current price of GBP/USD is 1.9635 and just after a major news release it jumps to 1.9660 in a split seconed. Any stop/limit orders in between 1.9636 to 1.9659 wont get filled because such a price didnt exist in the market..
Lots of traders think that it's a manupilated price by their broker.
A such a price jump usually occurs when a massive buy/sell order(few billions) hits the market in one go. So the next time when your broker says that price didnt exist, may be he's telling the truth cause technically that price really didnt exist on the market.
This effects for small retail traders who straddle the news with stop and limit orders and their order will never get fillied on the initial spike or first wave even it hits the target.Since the Forex Market is fast becoming the safe and easy heaven for russian and south american black money, dont be surprise to see a steady increase in price jumps like that in the future during news releases.

Last edited by senaka7; 02-18-2007 at 07:42 AM.
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