As far as I remember, orders from ECN are transferred to liquidity providers. But it’s not always so with NDD.
If I was in the broker’s place, I’d transferred only orders from ECN to the interbank as deposits on cent accounts and minis are not so big to do that transactions which means time and money So I can understand such changes.
Well… ECN is the best option, yes, but if you are a beginner, better try cent accounts… And don’t worry about small deposits. Brokers rarely cheat beginners, as their 5-10 bucks won’t help them at all
ECN, STP, NDD are just fancy marketing terms. Read your broker’s PDS and your risk lies with them and them alone. How they manage your risk is their business.
Oh, thaks for advice.
I agree, that cent account is the best for beginner and I’m going to start with it
I don’t regret about NDD account, as I don’t really understand its advantages, but I wanted to test it on demo.
And what about Stanard accounts? Are they transfered to the interbank?
Thanks for your opinion
The brokers I’ve chosen don’t have too many account types. The more I learn and test different accounts, the more easy and clear it becomes. It’s not as hard as it seems.
I never seen brokers with only one type of account, does it really exist?
I doubt actually, cause they write that they use a mixed business-model. ECN is for interbank, and others (as it seems to me) is executed inside the company.
Well… there are pros and cons for all the options, but it’s up to you to choose regarding your strategy, risk management and so on
They say, that ECN accounts are considered best for scalping because of low spreads. With the right leverage you will cover the commission fast and will lock in profits fast. You’ll get more profit in less time.
But scalping is not very easy strategy. I would not recommend it for beginners.
As for me, it’s one of the most difficult ones, hence I trade medium term
Well… I would advise to start with a little sum on a cent account, and then you’ll decide by yourself whether you want or need to go further and enlarge the sum
Well if they still have ECN, that’s great. If you want to try them, make sure to read carefully their Terms&Conditions as I believe they are different for the different account types.
Yes, I’ve seen brokers with only one type of account, it’s quite convenient actually, you won’t be confused with different conditions.
I’m quite satisfied with the conditions and the service. But trading strategy eeds some improvements
I’m profitable, but not constantly.
And now I understand what everybody mean, when they’re talking about emotional aspects of live trading.
Anyway, I’m not gooing to give up
Hey Jusuf_Haz, thanks for the reply. Glad to hear that it’s going well. Of course the strategy always can get better. But this will happen in time, you just need experience. The more experience you gain, the better strategy you will have. Sometimes is hard to control your emotions while trading live but you will get used to this as well. Again, with the experience, being less emotional will become easier. So like you said, do not give up