Are you really? I am curious to hear about your experience. How wide a market does eToro make in GBP/JPY? That’s not a huge cross, so my guess would be at least 4bips. Also, what kind of carry do you have to pay? My guess would be that you will be murdered by costs if you don’t just get stopped out by an adverse market move. Overall, I think you could definitely get rich with this plan, but I can’t imagine that you actually have positive EV
Sorry, you obviously know more about this than me. What do you mean by “How wide a market does eToro make in GBP/JPY?”, and what do you mean by “That’s not a huge cross, so my guess would be at least 4bips”. What is 4 bips? Is that basis points per second? Do you know of a more volatile asset to hold?
The bid-offer spread with x25 leverage is a few percent, so that doesn’t seem so bad. And note that they give you 25% extra money.
Are you really? I am curious to hear about your experience. How wide a market does eToro make in GBP/JPY? That’s not a huge cross, so my guess would be at least 4bips. Also, what kind of carry do you have to pay? My guess would be that you will be murdered by costs if you don’t just get stopped out by an adverse market move. Overall, I think you could definitely get rich with this plan, but I can’t imagine that you actually have positive EV
Sorry, you obviously know more about this than me. What do you mean by “How wide a market does eToro make in GBP/JPY?”, and what do you mean by “That’s not a huge cross, so my guess would be at least 4bips”. What is 4 bips? Is that basis points per second? Do you know of a more volatile asset to hold?
The bid-offer spread with x25 leverage is a few percent, so that doesn’t seem so bad. And note that they give you 25% extra money.
sorry, I meant pip not bip. by 4 pips I just meant the size of the bid-ask. like for instance, the market might be 134.88 @ 134.92 or so.
I think that the chained bet thing fundamentally makes sense, I just think it will net cost money.