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Originally Posted by MickMason
What is it you're trying to do exactly?
I read in one of your posts that you have 6 years experience in the markets so I'm guessing you know roughly how marketmakers operate. As you'll probably know, marketmakers don't object to scalping per se as long as it's not them you're trying to scalp (ie keep your hand out of their pocket!).
It's not absolutely clear what you're looking for so it's not easy for anyone to answer with specifics, perhaps you could elaborate slightly?
Cheers
Mick
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Thank you for responding. I'm still somewhat confused about how FX brokers work as compared to trading the NASDAQ I suppose. I didn't know it was possible to take advantage of a brokerage, if there is such a thing. My assumption is that the brokerage is making money off the spread of my trade regardless of whether or not I make a profit. Is this concept an illusion in forex? If you could set me straight on that matter it would help a lot. Ok, to be specific. I found that on my current practice account the brokers bid/ask price sometimes lags behind the chart price. Sometimes the brokerage price leads the chart and sometimes the chart leads the brokerage price. I have been able to consistantly make money on my practice account and repeat the results over and over again. Even with several small losses each session I can easily pull 30-40 pips per session in an hour or so. I want to be able to do this with a real account, however; in my never ending search for a good broker, I have read countless post on this forum and others that say using this technique is called "Picking" by the brokers and "Scalping" by normal traders and is forbidden. How can that be? The firm that I'm practicing with at the moment has been refered to as a bucket shop on several web sites including some post from this forum. I desperately want to be able to use this technique using real money if I can find a broker who will allow me to do so, have a three pip spread or less on GBP/USD, have one click trading and immediate fills. Please tell me I'm not dreaming. I have traded and studied and traded and studied for years. I've made a small fortune and lost a small fortune in the learning process these past years. I've finaly had the "Ah Ha" moment that traders dream of, when everything becomes clear and suddenly makes sense and your able to trade for a profit time after time AND this technique suits my trading personality perfectly! I am so desperately searching for an experienced forex trader to help me put this into action. There has to be a way...your thoughts would be very much appreciated. Thank you again. DW