Recent content by forex162

Reminiscences of a Stock Operator is amazing and I highly recommend it. A very fun read. You can get the online version here: http://www.mypivots.com/articles/booktext.aspx?bookname=Reminiscences%20of%20a%20Stock%20Operator

The NFA pointed out in one of their recent letters (I forget which and don't feel like looking for it) that current US bankruptcy laws make "segregated accounts" a misleading way to protect customer funds. i.e. in bankruptcy proceedings the customer funds would almost definitely be tapped...

Yeah, I said that I was looking for alternatives to IB's IDEALPRO offering, but my own research to trading costs and opinions I've gathered from others have failed to sway me to another firm. I think IB is great for forex, but I dislike the minimum commission structure of 2.50 per side. I'll...

I don't really see how my post was offensive. The onus is clearly on you to describe why you claim IB cost you 20,000 dollars, and I said that. If you give a reasonable explanation of why firm XYZ should be avoided, then smart people may listen. Else you join the crowd of fools who jump on...

Do I go on these forums to learn more about forex brokers? No, not really. I know what I need to know already and am more than willing to share information I've learned after doing my homework on picking a broker. Does this make me a bad person? The accusation that I work for IB is laughable...

Yep.

I'll go ahead and cast a vote for spot. I'm constantly watching both spot and futures (I trade currency futures options), and I prefer trading spot for making pure currency trades. Claims of superior liquidity in futures is completely dependent on the spot fx platform used. I trade with a...

Convenient on how you left the URL to MG's site intact, but the www.dailyfx.com is broken. Familiar with SEO copywrighting any?

Hahahaha. The shill for MG accuses anyone who disagrees with him of being paid by ECN's. No. I know a lot about this because I actually care about trading and did my homework before I put my money to work at just any brokerage firm.

Yes, but if you trade with a large ECN you can see more liquidity than you could ever use.

Please stop the incessant verbal diarrhea. We all know that you're just being an asshole to get your posts count up and/or are an interested party in MG. Now then... if you weren't such a dumb prick, you would know that ECN's provide Time and Sales reports. I can look at Time and Sales...

Taking a look at IB's time and sales reports... Well, if you're brazen enough to trade in the seconds following a bigtime surprise like the FOMC 50bp cut, you would've seen spreads on the EURUSD as high as 12 in the 15 seconds that followed. After 35 seconds, the spread dropped to 3. After...

Better yet, were you able to execute in the 3 seconds following the announcement? Or for the following five minutes, for that matter? Unless you can actually execute on a price, 'fixed spreads' are a joke. You end up paying more during normal, liquid market conditions, and you can't even...

No. That's why fixed spreads are a joke.

To put it simply, many brokers don't charge 'commission', but markup their spreads above what they receive on the interbank market to pocket the difference. I'm never going to be the one to fault firms for how they make their livelihoods, but I prefer having a very transparent markup-free...