He travels and works from around the world trading and writing content for various websites and blogs. In his spare time he enjoys scuba diving and surfing. No, FXDD is not an ECN. They may offer ECN-like pricing, with a commission involved, many MMs will offer it if you ask. But even then, they are not a true ECN. How to distinguish true ECN broker from MM broker dealing desk? You "advance order types" that can be taken advantage of. I assume you mean something like the following:. Earlier maker we were discussing how with different brokers you may miss the target by a pip or two, just because that broker didn't quite reach the target. On MBTrading's old platform, I have entered trades where I put in the target as a Limit Order, and when we get within several pips of the target, I have had trades close and I get filled at the price I asked for, even when the chart or the FX board never showed that price. Limit orders with MBT and I ecn other ECNs get actually placed out on the open market, and are surprisingly often filled momets before the price on any chart shows your price. PFGBEST is ECN broker. More than 15 banks, and very customer oriented. I don't think so. Just forex any MM broker, they may offer a different environment with ECN-like pricing, and with a commission involved, but that does not make them a true ECN. With that said, I could be wrong about this broker, but I highly doubt that they are a true ECN. I'm with Dukascopy — Interbank ECN. The sign up process in onerous yet, strangely reassuringbut once you have an account, it's all good. Their platform is straight forward and stable. They're even working on a MT4 platform, but in the meantime they have a bridge between users of MT4 and their proprietary platforms. I am using Market Solution. They use the fixed rate not variable rate like other broker. So, at the news event price stays fixed not move 20 to 30 pips like other brokers. I think they market ECN. It shows on their website. It's ok as I am not getting big spread at the news events. Anything with a fixed rate is a MM broker. ECN brokers by their very nature mean that the spreads are whatever the market really is, and not fixed. If the broker is fixing their spread, that means they are manipulating whatever the real spread is. That doesn't mean they will manipulate it against you, it just means that they CAN. I use FXCM Mini account and ACM for my standard account. ACM is better because you normally get the price you click. On first look FXCM have good spreads but over the last 6 months I have noticed between 0. I also have an FXCM Micro account DealingDesk on TradeStation2 platform. No slippage at all. I like this type of account. Withdrawals in under a week usually and by check. I dont understand why you are pleading FXCM Micro account. In my opinion they are the worst. They charge so much slippage charges on the news outcome plus the spread exceeds to high that on market spike of 50 pips you even lose the trade because of the slippage charges and high spreads. I will never ever recommend any one to use their plateform. Plus they claim that their plateform allow no dealing desk. That is wrong to say. I am starting with limited funds and this could give me more control over the number of lots that I trade. MBTrading is or has always purported to be a true ECN. They spent over a year developing ecn alternate version of the MetaTrader platform that would work with their direct-to-bank fills. If they actually do still have some ability to manipulate the price or the spread, I have not seen it. I am not anyone important, so just because I haven't seen it doesn't mean it doesn't exist. But I have traded with them for two years, and have forex them closely. I believe they are the true ECN they claim to be. All accounts with MBT are mini accounts, even if you have millions of dollars in it. And they allow trading down to. You can open your account with them as a MetaTrader account or a Navigator account, where Navigator is their own proprietary platform. The Navigator platform is actually very well suited to FirePips method, because it has several order types not found in MetaTrader. For example, you can enter forex "sell-limit" order as your close order for a buy trade and vice-versa for a sell trade, and limit orders are placed out in the real market in advance. This means that as price gets near to your target, the first liquidity that is available at that price for your order size gets filled instantly, while everyone else in the world is still waiting several instants for their broker platform to see the price, execute the close order and wait to be filled. I have experienced times where I get filled at my close price several moments before that price ever even shows on the board. Another thing the Navigator has which is quite nifty, is that you can tell it to set a short trail of X pips in place when you get within Y pips of your target. So for example, if you are in a Buy, and your target is 1. It will then put in your stop order for 1. And sometimes, price continues on past your target, and I have gotten as maker as 20 and 30 extra pips that way on occasion. Of course I've also gotten 10 less than I wanted sometimes too, only to see it move ahead past the target shortly after. But it's still a nifty little feature. Beware, you can put BOTH types of orders in if you want to, and whichever one closes your trade, you have to remember to go cancel the other type of close order, because it will not do this for you. And then when the other close order hits, it will put you into a trade the other way that you didn't mean to take. It is a rather archaic platform, IMO and terribly unforgiving of any mistakes you make in placing your orders. But it does offer some neat things. Unless they have changed it recently, you cannot trade the same account using MetaTrader and their Navigator. I've read where they say they are going to do that "soon" but until or unless, you have to choose which platform you want when signing up. You can always open a MetaTrader account if you got the Navigator account and found you don't like it, and then move the money from one account to the other account in one day. More info than you asked for, but it answers your question about an ECN that allows mini and micro lot trading. Agreed FXDD is not a true ECN. Velocity Trade and Advanced Markets are the only true STP platforms that I know. Not ECN but all trades hit a bank without intervention, execution is far better. But they dont step in between the trade, so in a way the fills are accurate. FXDD does run a desk, though they wont admit it. Try WSD Direct they are an ECN broker. Been with them for a short while — happy so far. IC Markets is the only real true ECN broker. They also have the best spreads. EURO dollar spreads are 0. FXCM is the wrst out there to tarde against you they have a dealing desk they hunt stops all the time keep away. FXCM has no control over the price movement since pricing is set by ecn competition from the liquidity providers. FXCM also has a dealing desk option; however, the dealing desk price feed is not arbitrarily created. The dealing desk feed derives its prices from the NDD price feed but with the spread marked down by 1 pip on 12 of the most popularly traded currency pairs with FXCM. Having the NDD forex feed eliminates the potential for manipulation and stop-hunting that you may experience when your broker can arbitrarily control pricing. Mail will not be published maker.
Trader Confesses How Market Makers Trick You #FOREX
Trader Confesses How Market Makers Trick You #FOREX
The Peloponnesian confederates, having suffered a severe defeat at sea from the Athenians, demanded Lysander, who had before served with success in that capacity, to command the combined fleets.
A statistic from British Columbia Ministry of Justice shows, from 2008-2012, 472 people were killed in road crashes that involves at least one driver with a BAC (blood alcohol concentration) over 0.08 in BC, and these alcohol-impaired- driving fatalities accounted for 26 percent.
All such things, except (maybe) his hair, are disqualifications for high office, but two fundamental portents of disaster usually pass unnoticed: Like Obama, he is astoundingly ignorant of everything that to govern a powerful, complex, influential, and exceptional nation such as ours he would have to know.
The five discontented groups were: the proletariat class in the industrial towns, the Marxist-oriented revolutionary parties (Social Democrats and Social Revolutionaries), the middle-class political parties, the subversive groups among the national minorities and the peasants in the countryside.
The Peloponnesian confederates, having suffered a severe defeat at sea from the Athenians, demanded Lysander, who had before served with success in that capacity, to command the combined fleets.
A statistic from British Columbia Ministry of Justice shows, from 2008-2012, 472 people were killed in road crashes that involves at least one driver with a BAC (blood alcohol concentration) over 0.08 in BC, and these alcohol-impaired- driving fatalities accounted for 26 percent.
All such things, except (maybe) his hair, are disqualifications for high office, but two fundamental portents of disaster usually pass unnoticed: Like Obama, he is astoundingly ignorant of everything that to govern a powerful, complex, influential, and exceptional nation such as ours he would have to know.
The five discontented groups were: the proletariat class in the industrial towns, the Marxist-oriented revolutionary parties (Social Democrats and Social Revolutionaries), the middle-class political parties, the subversive groups among the national minorities and the peasants in the countryside.
Otherwise, nine credits in master level prerequisite business courses will be.