we often talk bucketshops like FXCM, How about a real good FX broker for a change

Discussion in 'Forex Brokers' started by update, Jun 25, 2009.

  1. skot99

    skot99

    Big fish eat smaller fish, welcome to the fish tank... You need to be fast to survive. You broker is going to brake you, save their own ass when their stops are getting hunted, and then broke you... The only fair game in town is the CME. The micro stuff is just new but gaining acceptance. The EUR is doing good volume now. But you can get geared up through your clearing firm if you want to trade the bigs. If you want to get out of the way the market makers you are going to need a fast vehicle with nobody in front of you...

     
    #201     Jul 28, 2009
  2. skot99

    skot99

    Firstly you are assuming there are more buyers at 4080 then sell stops. Secondly, you assume that they are obligated to fill every order at every price. It's like a market for anything. You have put in an order with this broker to sell at 4080. If they want to fill your order they'll do it. They have no obligation to sell to anybody at 4080. Of course they want to keep their customers so they will try to screw you subtly. Anyways, I was working as an interbank broker. We made prices for the market makers at the banks, and yes, even the market makers at the largest banks get broked... even at that level the bullshit charade and games played is quite hilarious. Your best bet is trade on a regulated exchange, that's why the IMM on CME exists, that's why the bank dealers use it in conjunction with the interbank brokers in price discovery. It's the fairest way to trade and the only way you are not going to get broked by silly brokerage games...

     
    #202     Jul 28, 2009
  3. mon

    mon

    who are you suddenly and what part of FXCM is bucketshop don't you understand

    are you a teenager pretending to be a trader ?
     
    #203     Jul 29, 2009