I worked at finspreads for 4 years and not one client was closed for being to good. However i could be totally wrong as things could have changed since i left. I am afraid the whole title of this thread Capital Spreads exposed is based on paranoid traders that have an obscession with SB firms making or not making from them. It is hard enough trying to make money from the markets + having the opinion that SB firms are against you. If you are not happy trading with your SB firm look elsewhere or trade with a futures broker. The bottom line is make money or get out, small piece of advice do not waste your time or money, unless you make. Honore de Balzac wrote"the gambling passions lurk in all of us". I saw a client win £500,000 and was not closed out! Win or leave trading Cap spreads is no bucket shop.
Regards
MarvinS
Regards
MarvinS
FXSCALPER2
Established member
- Messages
- 964
- Likes
- 281
MarvinS said:
Amen! Losers always complain about brokers.
Tit for tat, brokers complain about winners. It is a love hate relationship! SB's more weighted to winning now. Trust me spreads are so narrow, before you could drive a bus threw them, now you cannot drive a scooter. 3 pip spread on FX 1 tick on FTSE, thats hotter than the mrkts - cap gains tax. Love it don't hate it.
MarvinS said:
I think so. I wont day trade with a spread bet firm, untill the spread comes down lower, until then I will trade futures.
I would need 2 point spread on the Dow and the same for cable. they could offer 1 point spread on the Dow and most will still lose.
capitalspreads
Experienced member
- Messages
- 1,452
- Likes
- 79
jason2 reminds me of a girlfriend that one of my mates had. One day she had a hair cut and unbeleivably he actually managed to notice! .....a feat of superhuman ability for the average bloke.
so he said " I like your new hairdo"
and she said "why? didnt you like the way it was before?"!!
he couldn't win!!
Jason appears to be obsessed with taking the worst possible inference from every statement. The kind of person it would be difficult to say "good morning" to, for fear of him saying "why, whats good about it?".
I see he is having a go at City on another thread...perhaps he would be pleased to comment on the fact that we did the same thing about three weeks ago...due to complete lack of interest in the daily products from our clientele in favour of the Rolling markets.
In answer to the question about winning clients ..you obviously dont read my comments as i quite clearly said that we dont close down/restrict winning clients so the question has no answer.
anyway.... unless there is something factually incorrect on this thread again I will sign off here as I usualy restrict myself to the Capitalspreads thread.
cheers everyone
simon
so he said " I like your new hairdo"
and she said "why? didnt you like the way it was before?"!!
he couldn't win!!
Jason appears to be obsessed with taking the worst possible inference from every statement. The kind of person it would be difficult to say "good morning" to, for fear of him saying "why, whats good about it?".
I see he is having a go at City on another thread...perhaps he would be pleased to comment on the fact that we did the same thing about three weeks ago...due to complete lack of interest in the daily products from our clientele in favour of the Rolling markets.
In answer to the question about winning clients ..you obviously dont read my comments as i quite clearly said that we dont close down/restrict winning clients so the question has no answer.
anyway.... unless there is something factually incorrect on this thread again I will sign off here as I usualy restrict myself to the Capitalspreads thread.
cheers everyone
simon
Simon,
I was certainly not having a go at City,
I was merely querying their apparent decision to discontinue the daily cash indices, and I'm not "obsessed with taking the worst possible inference from every statement" as you put it
Sorry for any misunderstandings
Jason
I was certainly not having a go at City,
I was merely querying their apparent decision to discontinue the daily cash indices, and I'm not "obsessed with taking the worst possible inference from every statement" as you put it
Sorry for any misunderstandings
Jason
I think you will find that all SB's are "price taking" only , whether they actually let you work an order is a moot point because it will only get filled once the actual market bid/offer "hits" it. As for whether or not an SB bothers to hedge a clients order or not is probably due to how wide their spreads are; your chances of making money on an overly wide bid/ask is pretty minimal if you are a jobber so best look for the firms that offer the tightest spreads. Direct Market Access , in my mind , is probably the best bet because they replicate very closely what the "pros" do !
Hope we are not going to get too "Holier than Thou". on this. PLC's are to blame- along with shareholders and consumers all the way down the line.fxmarkets said:hmm not sure about legal issues but moral with regards to heavy PLC's using exploiting child labour and third world slave labour to enhance western/Uk shareholders bottom line? the investors?, instituitions ,where do they stand as collective in regards to human costs verses , business costs affecting cost of goods sold?
look at all that silly non sense recently about the EU holding imports up at the docks from the asian side of the world, free trade agreements set up years back, Free trade? , My Ass
On my sunday soap box....
ohh I forgot to add, these PLcs when exposed to the practices of exploiting child labour etc, announced how dreadful it all was a mistake etc. and vowed (boasted?) to get and position green with it all...
Fx.
We are buying "Made in China" labels because it is cheap- that's why Brown raised duty on shoes. Anyone believe that good, old, socialist China- the working people's friend- doesn't use child labour?
Split
BroadSword
Guest
- Messages
- 137
- Likes
- 4
MarvinS said:
Good luck!
Jason, If i quote you 6124-6125 and IG quote you 6126 - 6128 you can buy with me and sell with IG. You are guarenteed to make 1 tick at expiry on the cash contract. If you placed a trade on the rolling contract you would simply be rolled into the next days contract and if you wanted to close this out, you would have to pay a closing spread i.e. no arb. Good luck getting your head around it, Red bull gives you wings!
MarvinS said:
But all any would-be arb would need to do is manually close out the trades on the daily rolling before rolling time? wouldn't they? so it's not really stopping arbs as far as i can see, it might stop forgetful arbs?
ps. do you work for a SB company? if so, which one?
