Wow, that is crazy... that your own broker is the main counterparty to your trade I mean. I thought it was in their interest for you to do well in forex to keep you as many ppl trading as possible and profit form the spreads... but I guess there are enough new customers coming in that it losing old ones doesn't matter?
This is just silly... isn't there any way whatsoever to trade forex without your own broker being your enemy? That does sound, as you put it, like gambling in a casino against the house, the latter having the big edge.
Also, how does one know if one's broker is MM or ECN and is are they both counterparties to your trade?
Thanks!
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