Quote from coldrunner:
CASHMONSTER:
Thanks for your insights, and I didn't mind your CAPS.
What broker do you like to trade Forex with?
I want to find a broker that is not a "bucket shop",
which means that they trade against their customers,
even if it is only in subtle ways.
My broker knows my stops so it seems to me that
only the ECN model of business, like IB brokers,
could be safe.
Well for brokerage houses I can tell you I tried almost all:
mgforex (very good),fxsol (good), refco(bad),fxcm (bad and has alwasy been refco anyway ..that crap that now fxcm was buying the clients is a mith fxcm was always a leg from refco...metatrader (verygood), acm (good) saxo (good)...
but certainly VT (visual trader) is the best one you trade directly in the chart, you can set your own alerts colors and techiniques with formulas and alarms, lines and arrows... you can bulid a black box with it like buy and sell even if you are not there...
Is very profesional it tells you depending on your positions whats your margin call levels so you mesure your risks, and very important...it lets you hedge! if you know how to do it as you guys know you can make both sides profits... its 3 pips of spread...wich for me is the most realistic spread ...2 or 1 pips of spread...I dont think is real... if you buy and sell lots from 5 and up it gives you 1 pip rebate...so u save money wich emans u have already added something to the profit...
they update it every once in a while and i know they are working again in a version for pdas so u can trade on the go...they use to have one for the last version but this one will be i think something we never saw...
mg has also a very nice platform for pdas and cellphones... but cant hedge and i love hedging is the way i make money i never place stop loss i use hedging instead...and the less posible...my style is very aggresive not conservative at all...so i think for aggresive VT for conservative MGforex...
well I hope this info helps...
have a great trade guys!!
:eek: