Hi! I am a scalper but I also make longer trades sometime.
first of all and most imortant, if you are going to make any! money at all, either as a scalper or day trader, You need a real ECN with tight spreads and low commision, I highly recommend ATC Brokers they are a real ECN and have the lowest commission and tightest spreads that I know of atm, a ECN seems more expensive but they are not, there is no hidden fees with an ECN and generally no slippage, with retail or MMs it allways look cheaper but in the end it will be a lot! more expensive. you can forget about succesfully making any money with a market maker or retail broker, to know the difference amongst these type of brokers is critical to your success as a trader. in short, retail and mm’s are making money when you loose so they will do anything in their power to make you loose, broker with real ECNs want you to win, because commisions are their bread and butter. so there is no conflict of interest there.
the retail and MM’s will do anything to sabotage your trade! they will be sending spikes to trigger your stop losses, freeze your software during bad spots before and after important news or when youre behind to make you loose more, manipulate prices, these are bucket shops and should be avoided at all costs! under these circumstances it’s just impossible to make any money, it’s hard enough even with an ENC but with someone working against you, well, you are just dead in the water!
this is information most people don’t know, I advise you to take this post very seriously because it’s true and it’s your money on the line.
many retail and mm’s claim to be ECN falsly too, but you can spot them, if they offer fixed spreads or leverage above 200:1 they are NOT ECN even if they say so. most ECNs generally have leverage of 100:1 or 50:1 they can’t do any higher. and they NEVER! have fixed spreads, please check out ForexCoachingPros on you tube, it’s a real eye opener. specifically check out
Counterfeit ECN Brokers
Retail Market Makers … Beware
Trading with ECN Brokers, The "Good Guys"
ECN Broker Suggestions
good luck with your trading
Im sorry but this is my first post in here so Im not allowed to post links
note: I am in no way assotiated with ForexCoachingPros, I just want to forward this very important information, it will save you alot of money