the screenshot of the fxcm rates you have seems off. i have an account and in relative terms the rolls are higher. i'm not sure if they vary rolls depending on account type or balance though.what type of account do you have and is that a US Dollar ...

if what you're saying about EFX is accurate then that would be much more comforting. and that would only support my point that EFX is in fact a white-label relationship since you're really doing business with MBTF. as for RefcoFX, it's definitely ...

wow! you're right...sorry, my mistake. it might be potentially relevant to me then after all. unfortunately, it still doesn't change the fact that it will do more of a service to market makers than it will for us retail traders. the same benefit ...

agreed...you're 100% dead on. most people gripe because they're poor traders and don't understand how the market really works. first theing they should do is learn the "rules" of the game and then trade accordingly.

hi, i understand what you mean. no offense intended, but being an IB doesn't mean you can not be a white-label. and sorry for not being absolutely clear...MBTF is what i meant (the entity registered with the CFTC). it's a common practice in the ...

i've been long since Friday from 234.33. the price action this morning didn't look good but if it begins to turnaround and sets up just right i'd be willing to add to my position. my stop is in the 233.40 area; limit in the 236.20 area.

although it's true that the spreads are marked up on the fxcmpro platform (not by much) hotspot actually charges commission on top of their spreads (this may or may not be relevent depending on your trading size/volume). i considered trying hotspot ...

another small firm bites the dust...Profinum went under just the other day too. makes you wonder which firm is next. i hope those traders can get some part of their money back but gauging by how much CFG was in the hole i'm not very hopeful. good ...

well, keep in mind...RefcoFX was an uregistered entity that was piggy-backing on the registeration of its parent company the Refco Group. and look what happened to those poor souls. so i wouldn't necessarily say that just because the parent company ...

yes, that's true. i'm not a scalper so i've never had issues with latency (though nominal). i probably jumped the gun with suggesting it since now that i go back and re-read earlier posts it's clear the trader is primarily a scalper. but if you're ...

getting some now (at around 1.3370) then getting some more if it retraces to support (roughly at 1.3350) might be a decent play.i'd target range between 1.3460 to 1.34070 to cash out. a stop somewhere just under 1.3270.i know it's roughly 1-to-1 ...

i execute via FXCM's institutional platform by connecting MT4 to Strategy Runner. so far so good.

i agree...most newbies tend to fancy themselves as news traders so this is probably why they're defaulting to that platform. the harsh reality is that dealing desk or no dealing desk, unless a person knows how to trade those events they're going to ...

by the way, you can request to stay on the dealing desk platform. i called in asking if this was possible and they said it was fine. all i'd would need to do is send them an email. they're only defaulting accounts to no-dealing-desk going forward. ...

good thing the price action never setup to justify getting short.this thing is cracking higher. i'm on the sidelines with this one until i get a clearer indication of what to do next.if it has a healthy retrace but doesn't break lower than 1.1550 ...

i looked into EFX...they're just a white-label of MBtrading. MBtrading might be okay for your needs except that their access to the FX market is quite small. they built their business on equities trading...FX is relatively new for them.if you're ...

that's essentially right...the skills that a retail trader require to do well are different than the skills developed by bank traders because of the buy-side/sell-side techniques used by each respectively. additionally, the big hinderance to bank ...

closed at 1.3136 at market.upward momentum on a daily seems to have died, for now. though my limit wasn't met i'm happy to take my money and run for this trade.

hahaha...i wish i was limited out. the highest the bid price went with my market maker came within 2 PIPs so far today.i may end up closing the trade at 5 PM EST today depending on how it looks at the time. we'll see what happens. :-)

long from 1.2970...looking to get out at 1.3190.your analysis is comforting but i'm looking to get out sooner if there is any sign of shorter term weakness on a daily chart. DownRiverTrader, out of curiosity typically how long do you hang onto ...