LTX-
slba34g is probably an FXCM shill.
here's some more info re/ FXCM. check this out. these guys are so arrogant and sure of their scam they are starting to trip up.
on dailyfx.com i posted a series of questions to the 2 FXCM currency strategists re. ECN (Electronic Communications Network) vs. MM (market maker), also re. FXCM's NDD (no-dealing-desk) platform vs. ECN vs. their other product, PropFx (which they tout as an ECN during the Q&A session--it doesn't say so on their website). go to this page and scroll to the bottom or search for 'triantus' and you'll get all my questions:
http://www.learncurrencytrading.com/...t=13881&page=4
and you can find FXCM's sr. currency strategist's recorded answers here--search for the user name 'dailyfx analyst' and there you'll find the link to the recorded Q&A (my questions get answered towards the end of the recording, after 23 mins or so after the start):
http://www.learncurrencytrading.com/...814#post130814
now, pay particular attention to his delivery and how he phrases things and shirks some questions. that will tell you all you need to know right there.
and if that were not enough, note that he recommends the professional platform, PropFx, for scalping and explicitly says the new NDD platform is best suited, of all things, for position trading!! if you can believe it. thus implying the new NDD platform they just released isn't suited for scalping even though their own website explicitly states: 'scalp the market w/ no restrictions on order placement.' (source:
FXCM Advantage | More Banks | Tighter Spreads | Size and Financial Strength)
considering that most NDD users will be novices and probably underfunded, guess what will happen if such users try position trading. they can't possibly win, but in the end only lose their shirts. interesting then that they reinforce the idea that NDD users should be looking at using the NDD platform for position trading and not scalping. mmhhh i wonder why.
for those who still have no clue, i'd recommend you read drforex's book, which is advertised on this site. (go to
Forex | Forex Trading | Currency Trading | GoForex and search for 'What's Hot').
i'm just finishing it and can say this: great for beginners; puts all this fx circus in the right perspective and explains why the MMs don't have your best interest in mind and will prefer to see you lose your shirt rather than win.
finally, the best spreads available anywhere are w/ ECNs: efxgroup, hotspotfx, dukascopy.
trade wisely
p.s. : for whatever reason the last 2 links instead of appearing as URLs get changed to the respective website title page info. just click on them & you'll get there.