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, 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.