pineappleman
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Yes agreed, live seems more solid.
I have listened this company name first time..
if you learned about this company then must share with us.
Los Angeles Fitness Trainer
if you learned about this company then must share with us.
Los Angeles Fitness Trainer
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NFP (Non Farm Payroll)
There was a freeze slightly today with gaps on a lot of pairs but it did not harm me
this time
I've been trying to put this point across for years.
pineappleman
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Not true with spreadbet brokers, but true with all other normal brokers.
Spreadbet brokers are bookmakers remember like William Hill and Ladbrokes. They have some hedged and some unhedged exposure against client positions. When they're losing on the unhedged exposure, how do you think they make it back? They spike data to take out stops on unhedged positions.
The reason some is unhedged is because we bet in £ per point which doesn't exist in the underlying market, so they hedge as much as they can but there will always be leftovers floating around as true exposure (for them).
If a person moans to them about it their name no doubt goes on a list so they don't do it to them again anytime soon (so they don't lose a client).
You're therefore likely to experience this underhand bookie tactic at least once after opening a new account, you must then be quick to complain so they stop doing it to you.
They can't just cover their unhedged losses with a magic wand, it has to come from your loss.
This is one of the conspiracy theories that was laid to rest years ago. What size are these alleged spikes, for which markets, and are they shown on charts?
pineappleman
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Then please tell me how these bookies, especially the newer/smaller ones, make up their losses due to the unhedged portion of their exposure which is due to the real market not being made up of British pounds per point??!!!
It's nonsense to think our financial bookies just route our order in the blink of an eye into the real marketplace and collect the spread as payment, only Prospreads do this due to their unique business model.Remember unlike sportsbook bookies the financial bookies do not get a chance to make up odds on event outcomes, only spreads, cost of business etc to help balance the books. And sports bookies hedge much of their exposure too by offloading the bets to other bookies/clients.
I agree that if a bookie is doing enough volume then the need for these tactics falls, but for newer and smaller bookies they need to do something to stay in business should lady luck turn against them.
And where/when was this theory "universally" laid to rest? No-one ever told me it was folklore. It may have been laid to rest by faceless strangers on these modern two-a-penny mud-slinging online trading** forums, but not in the real world.
** I use the word "trading" loosely.
Then please tell me how these bookies, especially the newer/smaller ones, make up their losses due to the unhedged portion of their exposure which is due to the real market not being made up of British pounds per point??!!!
Remember unlike sportsbook bookies the financial bookies do not get a chance to make up odds on event outcomes, only spreads, cost of business etc to help balance the books. And sports bookies hedge much of their exposure too by offloading the bets to other bookies/clients.
I agree that if a bookie is doing enough volume then the need for these tactics falls, but for newer and smaller bookies they need to do something to stay in business should lady luck turn against them.
And where/when was this theory "universally" laid to rest? No-one ever told me it was folklore. It may have been laid to rest by faceless strangers on these modern two-a-penny mud-slinging online trading** forums, but not in the real world.
** I use the word "trading" loosely.
I didn't say anything about 'universally', but the main point to remember is that most traders lose, either sooner or later, so SB providers really don't need to spike out stops. It may have happened in the bad old days, but if they tried it now they wouldn't get away with it in most cases, with instruments based on a real market.
I mostly agree with you about hedging, though. The majority of SB business is in main indices and FX, and the more punters they have, the more these will tend to 'self hedge'. They only need to offset their overall position/risk, so it hardly matters whether stakes of £1 are allowed, when the underlying might be £10, $5, or whatever.
btw, if you check through the thread, you'll find that Mr Prospreads says they use 'strategic hedging', same as the rest.
Re: Another nail in the coffin !
I see your last 2 posts in this thread have a more discontented tone to them than your previously positive replies to others who had experienced problems with SLM, either the platform of the staff.
I find it is when it effects us personally that we want answers or better performance from the one we trust with our hard earned cash.
You can only take so much before looking for a better alternative.
Try Oanda demo account out, I find their customer service great but I was not so impressed with the platform and spreads.
Right now I am running 9 different MT4 demo accounts just to compare spreads, performace and execution times, it is amazing how they differ.
Just for a laugh try out VantageFX to see how slow the execution time is compared with other NDD STP borkers
I still have a live accout with SLM despite occasional problems late Friday's and late Sundays (I do hold some positions over the wekeend and let the profits run) but most my funds are with Brokers now, the spread is higher than SLM's but that's ok with me.
Sunday 23:17
Platform still not open
Called SLM to be told they got internet problems
Off to bed and hope they get it sorted for the morning. Or Oanda MT4 is looking good through rose tinted glasses
I see your last 2 posts in this thread have a more discontented tone to them than your previously positive replies to others who had experienced problems with SLM, either the platform of the staff.
I find it is when it effects us personally that we want answers or better performance from the one we trust with our hard earned cash.
You can only take so much before looking for a better alternative.
Try Oanda demo account out, I find their customer service great but I was not so impressed with the platform and spreads.
Right now I am running 9 different MT4 demo accounts just to compare spreads, performace and execution times, it is amazing how they differ.
Just for a laugh try out VantageFX to see how slow the execution time is compared with other NDD STP borkers
I still have a live accout with SLM despite occasional problems late Friday's and late Sundays (I do hold some positions over the wekeend and let the profits run) but most my funds are with Brokers now, the spread is higher than SLM's but that's ok with me.
No phone calls, but I did get an e-mail.
Re: Another nail in the coffin !
lol
I see your last 2 posts in this thread have a more discontented tone to them than your previously positive replies to others who had experienced problems with SLM, either the platform of the staff.
I find it is when it effects us personally that we want answers or better performance from the one we trust with our hard earned cash.
You can only take so much before looking for a better alternative.
Try Oanda demo account out, I find their customer service great but I was not so impressed with the platform and spreads.
Right now I am running 9 different MT4 demo accounts just to compare spreads, performace and execution times, it is amazing how they differ.
Just for a laugh try out VantageFX to see how slow the execution time is compared with other NDD STP borkers
I still have a live accout with SLM despite occasional problems late Friday's and late Sundays (I do hold some positions over the wekeend and let the profits run) but most my funds are with Brokers now, the spread is higher than SLM's but that's ok with me.
lol
Re: Another nail in the coffin !
Hey - my EA executed at 6:15 this morning without a Connection error 6. What do you know?? Wonders will never cease!
Yes - I'm still with SLM. Have they fixed it I wonder? Bit early to celebrate, but hopeful.
Hey - my EA executed at 6:15 this morning without a Connection error 6. What do you know?? Wonders will never cease!
Yes - I'm still with SLM. Have they fixed it I wonder? Bit early to celebrate, but hopeful.