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Old 01-27-2007, 12:15 PM
seihes seihes is offline
 

Join Date: Jan 2007
Posts: 4
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I read on another forum that most brokers would stop hunt individually. Read this link if you're interested.

I have to say I lost a lot of trust and confidence since I heard about stop hunting.

I haven't had a practical experience on the forex yet. I am still a beginner.

But after a lot of reading, I think that one should not choose a broker according to his size or capital. The market makers "make a market" for the individual traders. You don't really have access at the interbank market. Whenever you buy, the broker sells, and vice versa. So the brokers has a big capital, guess where that comes from? Probably money they made from their customers.

I'd rather pay a commission on every lot traded, rather than a commission hidden in the spread ("free commission"). So I'd be sure how much the service costs me.

I tried some non-dealing desk brokers. Since the brokers only transfer (and do not requote, or manipulate the price) the prices, you get sometimes spread as little a 1 pip. Unlike market makers, who manipulate the price and give you single quote on bid /ask, you get a few different ones with a non-dealing desk.

It seems though that the software is less sexy than that of the market maker's. For example, the two demo I downloaded do not have a charting package included. But then, I could get that somewhere else.

I am still a beginner and I do not have a practical experience in the forex market. If you're looking for those non-dealing desk broker, do like me: Google it.
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