I am trying to understand the relationship between my broker and I. I am with Interbankfx. Let's say I leverage $10,000. Does the data that I placed a 10k order get piped into a main network so that be it as small and insignificant as it may be, can have an inpact on the market along with everyone else who are placing small orders like myself? If that data is sent out, is it instantaneous or is the a delay on when that data along with other people's data can actually starting affecting the market?
This brings up another question. When I place an order with Interbankfx what are their options as to what they do with that order and roughly what percentage of the time do they follow a particular option. In other words, do they take that order and sell it off to someone else most of the time or do they keep them. I am getting bits and pieces from older posts some of you have made and it can get fairly confusing.
My final question is- If they do sell my orders off most of the time, how long typically does it take for them to sell it. In other words if I am a day trader and make multiple trades a day in short periods of time am I getting into and out of trades so fast that they don't get them sold off, in which case if I am part of the 5% of traders who are successful longterm am I constantly taking money from my broker?
Any insight would be much appreciated.
This brings up another question. When I place an order with Interbankfx what are their options as to what they do with that order and roughly what percentage of the time do they follow a particular option. In other words, do they take that order and sell it off to someone else most of the time or do they keep them. I am getting bits and pieces from older posts some of you have made and it can get fairly confusing.
My final question is- If they do sell my orders off most of the time, how long typically does it take for them to sell it. In other words if I am a day trader and make multiple trades a day in short periods of time am I getting into and out of trades so fast that they don't get them sold off, in which case if I am part of the 5% of traders who are successful longterm am I constantly taking money from my broker?
Any insight would be much appreciated.
