I'm going to get into a bit of trading on MTGOX and TradeHill. I just have a few questions.
How is commision charged? Example:
I have $10 in my trading account and want to buy 1BTC for $8. If commission is %10 does this mean i'll be left with $1.20 in my trading account. Also, when you place an order does MTGox/TradeHill take hold of the value of the transaction + commission until the order is executed or cancelled?
Are the tickers for TradeHill and MTGOx live? And how often are they updated by the exchange?
Also, if I get a quote for a price and place an order for that price what are the chances it will be executed immediately? I know liquidity/volumes come into it but say it was just 1BTC? Generally would remain steady for a few moments around the ticker quote or would it already have changed by the time I have received the quote and placed my order?
Thanks in advance..