fixed vs. variable and ECN vs MM
i dont think im understand the differences. im trying to hard to find a good broker but its so hard with so many people whinning about buckshops, stop hunting, slippage,being locked out of their accounts around news times and spreads ...
i notice alot of people whinning about brokers like Oanda seem to be news traders. well, im sure on Oanda's site they do warn you that variable streads can range high during volitile times. so, why not get a fixed spread account with another broker if you want to trade the news? am i missing something here? or do brokers with fixed spreads do nastey tricks also? what are the best brokers for trading news?
also, i dont quite get the difference between ECN and MM. i know the text book definitions for both but i dont get it. maybe someone can list the pros and cons for each and demonstrate what kind of trader or trading style would be right for both. i read that ECN are better for news trader. is this true?
also buckshops, stop hunting and brokers doing reverse trades? are these really so bad. when im reading reviews alot of people make such a big deal about these things. do brokers really care if you are a good or bad trader? do they really prefer bad traders and do what ever they can to get rid of the
profitable traders?
sorry for all the questions. would appreciate any insite. thanks.
Last edited by honeb; 12-31-2006 at 07:26 PM.
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