Here is the real deal. If you are trading at a firm one thing is happening 90% of you are trading against the company and never get to where the liquidity of the market is. this is the truth. There are a few companies that pass trades through to the interbank market where the Trillions of dollars of liquidity is. To get there you need to be on a pass through. One this is a privileged market to be traded on. You can only trade full lots, The banks don't want small traders. You will be charge a good size commission per a full lot traded. The advantage of trading here is you don't have stop hunters, price malipulation, basically the dealing desk at brokerage houses can't screw you. There are capital requirements to trade on the bank feed. This is where you need to trade inorder to have a fair place to trade. And when i say only a couple of companies have this for the retail client i am not joking there are two I am aware of that let your trades go to the interbank market. So if you are new there are two options: either find those companies to trade through and get on that feed or get a managed account where you give your money to someone to trade for you and make sure they do a profit share inorder to make their money. That way they trade for you. and not themselves and just take your money win or lose. Also get a track record for the managed accounts. any questions email me
dana.okeefe@tradexfx.com