samedi 11 avril 2015
Swiss move was a good broker test
Posted on 20:52 by nice news
As I am in a search of a second broker, I think we recently had a great test of our brokers quality. I mean CHF January move.
I was in GBPCHF multiple buy trades and when the move happened my broker, Vantage FX in Sydney, stopped all my buy trades at 1.46552. Then the price kept going down and it ended up at about 1.2668 on their charts which was about 2000 pips lower after they stopped me. I did take a bigger than I was planning on loss as it was below my stop losses for all open trades but a long story short January still ended up being a positive month for my balance.
As far as I understand not every broker was able to stop countermove trades that day.
Doing some basic math, if I look at 1 hour chart when the main drop happened, the size of it on Vantage chart is about 2287 pips, so they caught me at about 39-40% of a total move.
If you were in a buy trade on any xxx/CHF pair that day during the move, where did your broker stop you, percentage-wise of the whole move size?
I think this single number might be a pretty good indication of the quality of their business, leaving everything else aside.
Let's rank our brokers by it.
I was in GBPCHF multiple buy trades and when the move happened my broker, Vantage FX in Sydney, stopped all my buy trades at 1.46552. Then the price kept going down and it ended up at about 1.2668 on their charts which was about 2000 pips lower after they stopped me. I did take a bigger than I was planning on loss as it was below my stop losses for all open trades but a long story short January still ended up being a positive month for my balance.
As far as I understand not every broker was able to stop countermove trades that day.
Doing some basic math, if I look at 1 hour chart when the main drop happened, the size of it on Vantage chart is about 2287 pips, so they caught me at about 39-40% of a total move.
If you were in a buy trade on any xxx/CHF pair that day during the move, where did your broker stop you, percentage-wise of the whole move size?
I think this single number might be a pretty good indication of the quality of their business, leaving everything else aside.
Let's rank our brokers by it.
Swiss move was a good broker test
Categories: Swiss move was a good broker test
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