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WaveMaster, 2cents posts have provided a wealth of information for myself and many others on this forum in regards to the world of Forex. I don't know him personally but I do know that he is a skilled and experienced trader and IMHO is one of the most valued contributors on Elite Trader...

Good Advice....why trade forex in a well run liquid ECN environment with a reputable honest broker that provides insurance on your account(s)......stick with your biology studies, dude.:p

absolutely correct....you can place orders at whatever price you want. The notion that IB is a bucket shop is ludicrous.

Yes...I was refering to forex....thanks.

Maybe I'm missing something but forex traders can't trade London Open (3am est) at MBT?

Good question....you should ask IB. Please let us know what you find out.

Jimmy, I agree with you. Regulation in the retail forex industry is minimal and selecting a good, honest, reliable broker is critical to a forex traders success.

I agree in the sense that a hedge fund trading a lot of currency is more likely to trade through a prime or second tier broker with the likes of currenex or hotspotfxi. Again though, my understanding is that liquidity on IB and hotspot is very good and more than enough for just about any...

At this point, I believe they have at least 5 major banks providing liquidity not to mention the many hedge funds, companies, and individuals trading on their ECN. I think their liquidity is quite good. I haven't heard of any complaints in regards to getting orders filled in extreme or any other...

Yes, I believe so. Check out their website.

I have the same understaning on this issue as you. The feed back I've read here has been very positive in terms of getting orders through...even during news releases and other times of high volatility. I don't know of any reason to think that problems will likely occur when you need your...

I think the message is that one needs to be selective about who they trade with. Certainly it is true that the majority of people who trade these markets lose money and a relatively small number of people make money. I think most active traders understand this and we're clearly willing to take...

You may not have ran in to these issues (I'm glad) but I've seen enough complaints from various people to convice me that they do exist. Price shading is not the easiest thing to prove, but, intuitively it's not that hard to spot. If the market immediately moves against you every time you...

Right, and just to elaborate further...when Lon Eagle mentions sharp practices...I would think he's refering to common bucket shop practices such as price shading, price spiking, stop running, platform freezing around news releases, and of course..as he mentioned...the posibility of being put on...

Take a look at this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=65449&perpage=6&pagenumber=1 I'm not an expert in this area but in the above thread, 2cent, mentions 100:1 leverage with ODL Securities clearing through either hotspotfxi or currenex. There are probably...

David, If by stp you mean being able to trade with no dealer desk intervention, I'm not sure how you came to the conclusion that FXDD operates in this way. I could be missing something but I've looked over their website and haven't found any mention of stp or absence of a dealer desk.

If by IB you're refering to Interactive Brokers, you are wrong. They are not a bucket shop. They offer trading through an ECN...the exact opposite of a bucket shop.

((No bank, market maker or broker on the face of the earth would DARE try to manipulate a trend or falsify a fluctuating rate. If they did, they'd subject themselves to getting vaporized in the open forex market. That ain't worth it, to mess with any one particular currency trader.))...

Try this post: http://www.elitetrader.com/vb/showthread.php?s=&threadid=65449&perpage=6&pagenumber=1 Good Hotspot post: http://www.elitetrader.com/vb/showthread.php?s=&threadid=65847&perpage=6&pagenumber=1 Taboni, 2cents, Lon Eagle, and others have posted a lot of great information in...

Eugen, First, don't believe this guy. FXCM is one of many brokers that I would avoid at all costs. Their fixed spreads are too high. During major news announcements (ie extraordinarily volatile market conditions) either their spreads will widen considerably or you'll have major fill...