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My IB with FXDD pays volume rebates. It's $2.50 per 100k r/t and resets at the end of each month. Also if you refer others to him you can get a referral from their volume as well.
As for news trading, I'd recommend to stay away! Take it from a youngin' that has learned the hard way that the fundamentals don't always cause the reactions that they should.
Hi scott, you advise not to trade news and refer to your bad experience 'that the fundamentals' often mislead.
If not trading news in their 'fundamental' direction but only straddling them would you disadvise that too? and for what reason?
Kind regards, Martin
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Unless you're trading through an ECN (like COES, EFXGroup/MB Trading) or the CME on the futures side, it's too easy to get annihilated on news releases. You can try straddling, but no guarantee of being filled, and also the whips can kill you if you straddle too closely together - on EURO i'd say no less than 20 pips on each side, Cable at least 25... some might think that's too much but take it from someone who's felt the pain.
Unless you're trading through an ECN (like COES, EFXGroup/MB Trading) or the CME on the futures side, it's too easy to get annihilated on news releases. You can try straddling, but no guarantee of being filled, and also the whips can kill you if you straddle too closely together - on EURO i'd say no less than 20 pips on each side, Cable at least 25... some might think that's too much but take it from someone who's felt the pain.
"Don't trade news, trade technically"
i am not liking trade technically, because the news came, and take out the technical analysis
that is the problem,
did you straddle?
I think straddling the news is quite valid technique and I have seen lot of people trade important news that way.
However, how successful are you trading the news is debateable.
You got slippage, massive spread increase, platform freeze and host of reasons which can make it unsafe.
Try a straddle for 20pips and watch what happens when you see the spread increase to 7-10pips and your trade triggers when it shouldnt have in normal trading.
Talk about panic!!!
But for that you need solid good brokers.
i am not liking trade technically, because the news came, and take out the technical analysis
that is the problem,
did you straddle?
of course your traditional tech analysis will go out the window when the news comes out. SIT ASIDE IF YOU DON'T FEEL RIGHT ABOUT THE TRADE AND COME BACK LATER OR TOMORROW.
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