MoneyTec Traders Community Forum - View Single Post

radicalmoses · 08-09-2006, 03:06

What bank are you referring to?
Just because you are dealing directly with a bank does not mean that you are going to be any more successful. The only advantages of trading directly with a bank is getting a tight spread and even then you should be having a big bank roll. Also, the spread is variable and you get what is the best quote at that time. Dont rely on a tight spread at news times.
Just some things to chew over. If however you are looking for a good broker, this forum has enough info. If you would want to discuss more, pm me.
The stability of funds with a bank is a myth, IMO. Banks can go down under too. There are guys who trade with traditional brokers for 15 years or more and new ones coming up all the time.
If you have a big account to trade, you can negotiate a tight spread even with traditional brokers. There are traders who are successful trading 5pips on major currencies and trading with dealing desk brokers.
Drop me a pm, if you want to discuss brokers.

08-09-2006, 03:06	#2
radicalmoses level 1 Join Date: May 2004 Posts: 65 Downloads: 0 Uploads: 0 Rep Power: 0	Re: Trading with a Bank What bank are you referring to? Just because you are dealing directly with a bank does not mean that you are going to be any more successful. The only advantages of trading directly with a bank is getting a tight spread and even then you should be having a big bank roll. Also, the spread is variable and you get what is the best quote at that time. Dont rely on a tight spread at news times. Just some things to chew over. If however you are looking for a good broker, this forum has enough info. If you would want to discuss more, pm me. The stability of funds with a bank is a myth, IMO. Banks can go down under too. There are guys who trade with traditional brokers for 15 years or more and new ones coming up all the time. If you have a big account to trade, you can negotiate a tight spread even with traditional brokers. There are traders who are successful trading 5pips on major currencies and trading with dealing desk brokers. Drop me a pm, if you want to discuss brokers.