Tuesday, April 1, 2008

Choosing the right forex broker.

If my goals are about 4-10 pips how can I do with "slippage" and "requotes"???
If my target is 6 pips and I was requoted with 3 pips not in my favour - so I gave 50% of my expected profit away!!!

What to do? It seems scalping is a bad idea? I can profit my broker but not myself. Is there a way out?

Yes, there is a way out!

Trade against other traders not against market maker. Is it possible? Is it possible for a guy with very small amount of funds to deposit?

Yes, it is possible.

The keyword is ECN (Electronic Communications Network).

1 Comment:

Blogger said...

I would like to recommend that you stick with the best Forex broker.