ernest8fingers
Master Sergeant
- Messages
- 488
its rough out there?
Mr Cabot- i believe you will do fine in the end because you now understand the true nature of ALL Brokers. I think almost all seasoned Forex traders have been "bent over" by some Broker at some point. Only makes you a wiser,better trader.
The biggest broker on the block aint the best-by far. Wish you all the best and many future pips. Please post often and let all members know your glory trades too. I got creamed yesterday on 2 trades for 101 pip loss(made it back today with 4 pips to spare) . No one-and I mean no one wins every trade.
I walk in on bended knee before Ernest the wise. Ok, yes I thought FXCM UK would be the better of the evil twins, and yes you warned me! OK, this is what I have noticed. FXCM spreads are extremely tight, but because the execution is rather mediocre (and so killing off potential profit amount) it does not compare to my other broker. My other broker's spreads are not as tight, none of them in fact, but because my "2nd" broker has killer execution, the slippage is mostly very small, where FXCM may have a .5 or 1 pip better spread, their execution killed it off to so as to equal or be worse than my other broker's.
Mr Cabot- i believe you will do fine in the end because you now understand the true nature of ALL Brokers. I think almost all seasoned Forex traders have been "bent over" by some Broker at some point. Only makes you a wiser,better trader.
The biggest broker on the block aint the best-by far. Wish you all the best and many future pips. Please post often and let all members know your glory trades too. I got creamed yesterday on 2 trades for 101 pip loss(made it back today with 4 pips to spare) . No one-and I mean no one wins every trade.