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I've been using them for little more than 2 months now and I'm quite happy. The customer service is excellent, with very friendly agents who respond quickly to any questions or commens. Spreads and execution flawless; made a small withdrawal, was ...

Bill, you said you have a 22-year experience in FX. Tell us a bit about how FX trading was back then, compared to now.

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Thanks for your reply. Now, when analyizing where orders are resting, beside SL-orders, are only "true" limit orders (entering a new position) important? I mean, the dealer earns the spread as it is opening a new position. Take profit orders provide ...

Consuming/Providing Liquidity — Hello, I would appreciate it if someone could comment on the following. I read that stop loss orders consume liquidity, while limit orders provide liquidity. I thought a lot about this and worked out some ...

I don't dare even to imagine what would happen if FXCM or OANDA would go bust. A lot of retailers would withdraw their money and this would lead to a consolidation in the business. Small brokers would shut down or sold to bigger ones and we would ...

Thanks so much for your explaination, skenobi!

I see. When order flow is positive - overall orders are net positioned above the current market price - price trades up and it brings additional sellers into the market. Thank you for your explanation.

Hi, Could any of the order flow experts please explain me this quote: Does that mean when OF is positive, price is rising because market makers want to trigger buy stop & take profit orders and let sellers enter short at market when price has risen? ...

Hey Darkstar, Could you please explain this quote: Does that mean: 1. Price rises to the disadvantage of the positive order flow (triggering buy stops & take-profit orders) and the advantage of the sellers who will enter at the market. 2. Price ...

I'm a student and my goal is to apply for a position at the currency desk of an investment bank, when I got my Bachelor's Degree. I assume that why the bonuses are so high, it keeps the traders from trading privately. How's the situation at hedge ...

fti, You said you were a T1 bank trader. Please tell me, Are institutional FX traders allowed to trade privately beside their job? They have a lot of information I assume, they see the order book, have contacts with other people in the industry. It ...

Not everyone here is pretending to trade with a prime broker. I just checked, Matrix has no demo account and it is unlikely you traded with them, as you need at least 1 million.

Thanks Jack, much appreciated! Do you mean you used a demo account for Matrix or?

Jack Larkin, Can you please explain me the difference between prime brokers and market makers? So, the bank offers a prime broker service in which they serve other clients and receive liquidity also from other banks and market making is ONLY trading ...

Yeah, it seems we managed to understand each other after all. Good luck