To Tess and PrivateFX :
If you are trading with an ECN then tell us who it is. Tell us how to get started and how to progress from there. Are you trading successfully - how much money have you made?
Your post will be revolutionary to this forum. Everyone will want to read it and dump their present broker................or will they?
I think that before you go and state that the brokers are basically corrupt and evil and post that sort of stuff on this forum you really need to come up with some proof.
Why do Master contributors such as James who has given so much to this forum recommend Oanda? Is he stupid?...............I think not.
I have been on this forum a little while now and have learnt a great deal from these people.
I look carefully at the posts from Master contributors such as James, Pipgod, Elang, Rhodytrader and others whose names deserve full acnowledgement here and from whom i have learnt much, especially Rhodytrader. There are also Senior members who I have learnt from. I am greatly indebted to all these people and the very existance of this forum.
I remember a post by Rhodytrader in which he stated that brokers do not trade against you.
My broker is not corrupt and yes, I am absolutely sure that they are not up to anything shonky. They were encouraging me to make money and warned me in advance to avoid trading news releases in the short term because of the possibility of loss. (slippage). I spent a fair bit of time yakking to a few of the blokes over the phone............they are real people. They were very helpful and sent me a number of interesting documents and even went to bat for me on a particular issue.
It is different here in Australia. The regulations appear to be very loose in England and America. I see that some of those brokers you list are easy to get started with. But getting started here in Oz is a bit like applying to be a pilot in the air force - there is stacks of paperwork.
Finally, please understand that there are many successful traders on this forum. Yes, we all make losses, but maybe we should look at our strategies first before blaming our brokers. A bad workman always blames his tools - you know that.
The idea is to learn from your mistakes and go forth from there............at present I am learning all about candlestick trading methods - it is going extremely well, and I am very excited about it.
So I am going to return now to Newbie Island where I can be of some use.
Bye now,
Tymen Wortel, Perth, Western Australia.
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