These types of brokers are typically and sometimes erroneously called Non Dealing Desk brokers. ECN Broker is a broker per-se, one who gives you a direct access to display your order in the market.
For a retail trader ECN execution is often beyond reach: This broker, most of the time, displays its own quotes which are correlated to the actual inter-banking quotes. Now here is the real complexity: For instance, successful traders or successful trading algorithms will be automatically routed to the market while small or losing clients will not.
This way the broker profits twice: This model is also responsible for all the re-quotes and order rejections. As I mentioned in the first part: So to sum this up: I asked a Market Maker if they were "ok" on me Scalping them on a very fast time frame And then again in another market maker brokerage I was told to piss off with my trading basically, would this be indicative of them hedging me and losing because I am not a losing trader?
Thank you for clearing this up by the way I searched a lot but did not find anything useful about ThinkForex. Do you have any knowledge or experience with them?
Before I knew something about TF I had Alpari in my mind but if somone here who has experience with TF is very warm welcome because of their offer. So I only need a good broker beside Alpari and Co, nothin more and nothin less. One of my favorite trading "set-ups" is when prices have been in a trading range--between key support and resistance levels--for an extended period of time the longer, the better.
Has there been a price "breakout" from a trading range? Hey, Thanks for this helpful explanation on the types of brokers. But have you any recommendation of a type of broker for a retail trader? Is a STP broker correct? I believe definitely not a Market Maker. Thanks for your help. Are you still searching for a good broker to become introducing broker? If you are, please contact me back, I have a good one for you. Im their IB too and they are just perfect!!
Since the post you've quoted is dated August , I guess he'll have found one by now. There are no secrets to success. It is the result of preparation, hard work, and learning from failure. I have a brokerage opening Pellucid FX launch mid december. But I need to fund out my liquidity provider is conducive to these types of robots.
PM me, you can open an account or I can test the robot in the account myself if you like. A Guide to Forex Brokers: Did not notice that.. I have a brokerage opening Pellucid FX launch mid december I would like to have someone test my feeds with a fast scalping EA It is a proper STP.
When you make money it is yours I am a beginner, your advice will be very helpful for me to choose a good forex broker.More...