Quote from marketsurfer:
Cornix, you know better than to say FX liquidity is bottomless. While the interbank market is highly liquid, you are not trading in this market. You are trading via a dealer who makes your price and available liquidity. It's a pseudo market full of fraud and chicanery. I have heard of dealers shutting off clients who are too successful etc.
surf
Nothing stops one from trading currency futures or through a serious ECN broker if he/she suspects his dealer is manipulating quotes. I agree that there are shady FX bucket shops, but companies like Dukascopy, LMAX or Interactive Brokers are 100% legit ECNs and can't be accused being part of shady bucket shop business.
Ability to make a living in FX depends on ability yo exploit edges provided by FX market fluctuations. Choice of a broker is tactical moment, one can always change it if feels something is wrong, so it's not critical really.
