forex question...any experts here?

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  • Red_Sux
    SBR MVP
    • 06-25-07
    • 1262

    #1
    forex question...any experts here?
    if you're trading fx today, you'll notice the bid/ask spread is higher than usual...more than double for some major pairs. i talked to the advisors, they told me it is the liquity issue caused by the bear and stearn buyout, and it should be back to normal "shortly". it is just only investment firm going under, other firms are business as usual, so why there is a liquidity problem in the fx?

    spread for eur/usd pair is still pretty high right now...not trading until the liquidity is back to normal.
  • Ganchrow
    SBR Hall of Famer
    • 08-28-05
    • 5011

    #2
    Originally posted by Red_Sux
    if you're trading fx today, you'll notice the bid/ask spread is higher than usual...more than double for some major pairs. i talked to the advisors, they told me it is the liquity issue caused by the bear and stearn buyout, and it should be back to normal "shortly". it is just only investment firm going under, other firms are business as usual, so why there is a liquidity problem in the fx?

    spread for eur/usd pair is still pretty high right now...not trading until the liquidity is back to normal.
    Bear handles (or handled) a huge volume of the clearing operations for equity broker dealers and institutions. I'm assuming it's probably a similar story within the FX marketplace.
    Comment
    • Red_Sux
      SBR MVP
      • 06-25-07
      • 1262

      #3
      thanks. if that is the case, the liquidity won't be back for a while. eur/usd will have a steady 2pips spread for a while
      Comment
      • Red_Sux
        SBR MVP
        • 06-25-07
        • 1262

        #4
        spread is down to 1.2 pips now. hope it'll be back to 0.9 by tomorrow.
        Comment
        • forex
          SBR Wise Guy
          • 10-01-07
          • 679

          #5
          you are asking the forex master here. what platform do you trade off? dont tell me fxcm
          Comment
          • Red_Sux
            SBR MVP
            • 06-25-07
            • 1262

            #6
            Originally posted by forex
            you are asking the forex master here. what platform do you trade off? dont tell me fxcm
            oanda they have 0.9 pips spread on eur/usd.(now it is 1.2 pips because of BSC) they're the best. what do you trade on?
            Comment
            • BAUS
              SBR MVP
              • 08-10-05
              • 2191

              #7
              Is there any money in this? I went to one of those presentations once when this thing all started. Thought it was too hyped up and all that so I passed.

              BAUS
              Comment
              • Red_Sux
                SBR MVP
                • 06-25-07
                • 1262

                #8
                Originally posted by BAUS
                Is there any money in this? I went to one of those presentations once when this thing all started. Thought it was too hyped up and all that so I passed.

                BAUS
                hell yes, largest casino in the world. opens 5.5 days a week
                Comment
                • Red_Sux
                  SBR MVP
                  • 06-25-07
                  • 1262

                  #9
                  back to 0.9 spread

                  everything is back to normal now
                  Comment
                  • jjgold
                    SBR Aristocracy
                    • 07-20-05
                    • 388179

                    #10
                    You two are nuts trading forex but good luck with it
                    Comment
                    • Red_Sux
                      SBR MVP
                      • 06-25-07
                      • 1262

                      #11
                      back to 1.2 pips spread...phuck. no wonder my trading bot is not performing well. damn you BSC
                      Comment
                      • forex
                        SBR Wise Guy
                        • 10-01-07
                        • 679

                        #12
                        Originally posted by Red_Sux
                        oanda they have 0.9 pips spread on eur/usd.(now it is 1.2 pips because of BSC) they're the best. what do you trade on?
                        I don't ususally do retail, but if I do I have fxdd, fxcm, and forex.com. fxdd is the best one out there, fxcm and forex suck. I trade primarily on the floor, retail is for suckers.

                        If you have an interest let me know.
                        Comment
                        • Red_Sux
                          SBR MVP
                          • 06-25-07
                          • 1262

                          #13
                          Originally posted by forex
                          I don't ususally do retail, but if I do I have fxdd, fxcm, and forex.com. fxdd is the best one out there, fxcm and forex suck. I trade primarily on the floor, retail is for suckers.

                          If you have an interest let me know.
                          don't have the time or the money to do floor. i only got couple of g to play around for beer money, and oanda usually has around 31k Euro liquidity on the either side of bid/ask at 0.9 pips spread, so that is enough for me right now.

                          forex.com is not good at all. almost 3 pips margin for eur/usd currency pair...and 1.5 pips margin for active trader...not good at all.
                          Comment
                          • forex
                            SBR Wise Guy
                            • 10-01-07
                            • 679

                            #14
                            do you trade on fa or ta mostly?
                            Comment
                            • Red_Sux
                              SBR MVP
                              • 06-25-07
                              • 1262

                              #15
                              Originally posted by forex
                              do you trade on fa or ta mostly?
                              short term ta
                              Comment
                              • pavyracer
                                SBR Aristocracy
                                • 04-12-07
                                • 82898

                                #16
                                Originally posted by Ganchrow
                                Bear handles (or handled) a huge volume of the clearing operations for equity broker dealers and institutions. I'm assuming it's probably a similar story within the FX marketplace.
                                Bear Sterns?
                                Comment
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