Quote:
Originally Posted by Forex4fun
Im not quite sure what you mean by "decent size"?
Also, I have done months of "shopping" for an online forex profider, and have constituded that this has the best conditions I am looking for. It is defintly a grade "A" facility as it was recently ranked number 1 compared to other forex sites, as well as being ISO certified.
The fixed spread is automatic as far as I know, no human involvment so I doubt I can ripped of. For example; the spread on the GBP is only 3 pips which rocks!
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I’m referring to trade stakes in excess of the standard 1 or 2 lot averages regularly mentioned on these types of forum threads. When you're adopting this type of trade mechanism, it's absolutely crucial to maximize your exposure when live in the markets.
The laws of risk & exposure are severely tested when attempting to execute on very short windows of opportunity in the market.
If & when you eventually arrive at the point where you’re generating a consistent return on your time & capital, you’ll presumably want to maximize that effort by increasing your position size in accordance with your growing capital base? Which is the accepted standard in any business.
The difficulty of this exercise arises, when you come into conflict with your “business associate” (in this instance – your broker). If your business model doesn’t sit comfortably with that of your partner, you’re left high & dry.
You may possess the most rigid & airtight news trading model in the retail community, but if you can’t execute it according to your parameters, it’s going to dramatically affect both your income stream & more importantly, your psychological well being.
ACM is a dealing desk broker – fact.
They operate a fixed spread/no commission deal, whereby they control the playing field. If they don’t agree with your game plan, believe you me, they’ll discourage you from implementing it….fast!
Like any other retail shop, they don’t look kindly on scalpers or news trading operators. Those types of strategies simply don’t sit right with their business models or reflect the kind of business which their wholesale (price) suppliers are looking to attract.
As you will quickly ascertain when you eventually begin to trade live – they’re certainly no Grade A facilitator.
And they most certainly do possess a dealing desk (whether human or automated) to which they’ll use as a cattle prod as often as they deem necessary!!
If you genuinely feel you possess a workable strategy which has the potential to reward you accordingly, then you might just need to go back to the drawing board & make certain your choice of (trade facilitator) broker matches your game plan!