I asked a Market Maker if they were “ok” on me Scalping them on a very fast time frame… up to 500 trades a day, they said it was totally fine, and I am getting quite a few re-quotes, would this be indicative of them being a market maker and using STP? And then again in another market maker brokerage I was told to piss off with my trading basically, would this be indicative of them hedging me and losing because I am not a losing trader?
Thank you for clearing this up by the way… so many other people explaining this give conflicting data, this is the way I thought the markets operated but didn’t know for sure.
it’s a very intricate question and therefore it’s hard to answer this without knowing who the brokers are.
it’s almost impossible to know whether a market maker STPs your trades or not.
no market maker likes profitable traders, simple as that.
I searched a lot but did not find anything useful about ThinkForex. He says that he´s an ECN also offering free vps. Do you have any knowledge or experience with them?
Thank you
never heard of them, but i doubt they are an mt4 ecn, there are only two companies who offer that and i doubt these newcomers invested couple of mils to get this technology.
you´re NOT right… because I´m on to develop my own IT Business introducing clients to Forex Trading I need urgently a good broker. Before I knew something about TF I had Alpari in my mind but if somone here who has experience with TF is very warm welcome because of their offer. So I only need a good broker beside Alpari and Co, nothin more and nothin less
One of my favorite trading “set-ups” is when prices have been in a trading range–between
key support and resistance levels–for an extended period of time (the longer, the better).
Has there been a price “breakout” from a trading range?
Hey, Thanks for this helpful explanation on the types of brokers. But have you any recommendation of a type of broker for a retail trader ? Is a STP broker correct ? I believe definitely not a Market Maker. Thanks for your help
Hi … Are you still searching for a good broker to become introducing broker ? If you are, please contact me back, I have a good one for you. Im their IB too and they are just perfect !!
I have a brokerage opening Pellucid FX (launch mid december)
I would like to have someone test my feeds with a fast scalping EA… ANYONE!?
It is a proper STP. When you make money it is yours…
But I need to fund out my liquidity provider is conducive to these types of robots. PM me, you can open an account or I can test the robot in the account myself if you like.
MT4 itself is not fast enough for real scalping EAs… At first I was looking for a broker offering a free VPS (such as Exness) but now I realize im still more successful with simple manual trading ahaha ; )