NO DEALING DESK EXECUTION
•No conflict of interest between broker and trader
•No dealer intervention in trades
•Price providers do not see your stops, limits, and entry orders
•Competition reduces the potential for market manipulation by price providers
NO TRADING RESTRICTIONS
•Trade during breaking news
•Place entry orders anywhere—even inside the spread
•Rollover transparency—all amounts are displayed in advance
•Receive positive rolls at all margin levels
I pulled this off of another Broker’s website as to why you should trade with them. Interesting about the price/liquidity providers manipulating your trades. The finger points three ways: The Broker, The platform, and the price/liquidity providers. The platform can easily collect data and profile your account and pass this information to the price/liquidity providers. The price/liquidity providers can also get this information handed to them by your broker. Perhaps a proprietary platform is a reason to consider going with a broker.
I have been crippled from playing with real money. I am a momentum trader, if I hit my tp, the next position size will compound each win into larger positions. I will do this until I am significantly up or crippled from getting the direction wrong.
I am still getting over being thieved out of my position last week. So no real money is being traded. I am watching the API, Gasoline inventory accumulating, not good. Crude is now trading higher than Brent, if EIA shows increasing imports, this rally is about to face reality.
This is the week oil will get a new trend direction, down, down, and down. Why am I bear? I don’t know. This rally is long in the tooth, partly. A correction has to happen. I am ready to toss more money in, but I will wait until after the API and EIA to determine what direction I will go: long or short.
I am watching oil but not trading real money. I will be using demo money for awhile until figure out a way to make money. There is a lot of griping by me in this thread. I can be found commenting elsewhere also. I am in Canada, so I will indicate I lost a $1000 Canadian over the last year. My stats show 50/50 of Win/Loss trades. I have other interests i am pursuing, so I will come back to this thread here and there.
The EIA show a drop in inventory for Both oil and gasoline. That didn’t stop the Session Masters and the Broketeers from driving oil down when really it should have kept its march upward based on the bull krap argument. Declining rig counts was used to drive oil up, now increasing rig counts is being twisted to drive oil up. All a sham, really. The oil contract is going to roll over pretty soon, so expect some broketeering to happen to rinse out the long and shorts. It doesn’t matter to the broketeers, your account balance is what they want. The Broketeers hold the cme contract. There goal is to margin you out and take your account and continue on holding the contract until the roll over. Brokers claim to be ECN and have no dealing desks. BULL. Long or short it does not matter, the casino will get your money.
Anyways, one day I hope to find a futures broker and start trading directly. This will not be anytime soon, as I am going to spend more time playing with demo money.
This thread is like twitter hashtags, where are you people at ? Well I am tossing in some new money to give a new and a VERY Unique Strategy a go. Go through this thread, trading of hard knocks revealed. I will not be happy until I can maximize leverage, maximize position allowed and get the timing right. The goal is to double every trade.
It hasn’t worked out so well.