When does size become a problem?

[forex1]

When does position size become a problem on the retail fx trading platforms (FXCM, GFT, CMC, CMS, OANDA, etc.)? In terms of slow (or manual) fills, slippage, etc. - 100 lots, 500 lots, 1000 lots? And what are the alternatives when size becomes a problem? Just interested (my size is nowhere near where it can cause problems to anyone )!

Thanks.

[ERA]

Hi Forex1,

I'm not sure where size would be a problem, I think volume, price action would have a big part to play as well as the brokers liquidity provider would be a major factor.

If a broker is giving guaranteed fills up to a limit say 10 lots or after 10 lots you have to request a quote to get a fill, for a bigger order say 30 lots a trader could always enter three 10 lot orders 1 pip apart to avoid all that.

[SimSpeed]

Hi Forex1,

I started a thread on this subject a while ago at http://www.moneytec.com/forums/_showthread/_s-/_threadid-12176.

Received some helpful answers. Check there too.

SimSpeed

[forex1]

Originally posted by SimSpeed
Hi Forex1,

I started a thread on this subject a while ago at http://www.moneytec.com/forums/_showthread/_s-/_threadid-12176.

Received some helpful answers. Check there too.

SimSpeed

Thanks SimSpeed. That's exactly what I was looking for.

[SJR3tz]

I have hurd that some brokers allow up to 500 standard lots. I have never done it myself. And what I hurd is that it worked just fine. Check with your broker.

Steven

[TheBramble]

Size only becomes a problem when you can't buy/sell your trade at one price and/or without impacting the price.

Easier to do with LII than with FX, I guess, but I'm not a major FX player so my response is rather limited to non-FX action.