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Monday, September 25th, 2017

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Forex Trading #49: ECN Broker Suggestions

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www.forexcoachingpros.com http Stephen gives his suggestions for the best ECN brokers that he knows. As part of your Forex Strategy, when you are ready to begin live trading, the broker you use is very important!

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9 Responses to “Forex Trading #49: ECN Broker Suggestions”
  1. ForexCoachingPros says:

    There are two things that will keep you from being successful as a live trader, even though your demo account trading is great:

    1- An unethical or dishonest broker

    2- Emotional interference trading a live account that causes you to compromise your trade plan.

    Be open and honest with yourself when examining both of these obstacles.

    Stephen Story

  2. SDRockman says:

    Now I know what’s going on!! I need a new broker, as Alpari UK are placing orders against me! My strategy kills on the demo, but when it came to the real thing I lose! I have lost a LOT of money by being conned by Alpari UK and I don’t have a lot of money to put money into a ECN broker….

  3. oldford71 says:

    I’m just moving from FXCM to an ECN broker..FXcbs..amazing spreads and the demo has been incredible..i know feeds are better because of the way the EA’s have been producing mass wins as opposed to mass losses or barely break evens..but i was just after an opinion from a pro trader on the legitimacy on FXcbs…

  4. ForexCoachingPros says:

    This is a Market Maker claiming to be an ECN broker because they do not have a dealing desk any more. But the one taking the counter position against your trade is the one that matters if they have view and control of the trade platform. If so, you will never be allowed to become very successful by them in the long run, unless it is with an Optimized carry Trade Strategy that is more difficult for them to sabotage.

  5. ForexCoachingPros says:

    You may be correct.

  6. ForexCoachingPros says:

    These are all Market Makers and will take the counter trade position against you. For this reason you will never be allowed to become very successful by them in the long run. FXCM is claiming to be transitioning to an ECN status, but be cautions if you see lots of requotes or delay tactics on your emtries and closes. That means Market Maker, not ECN, or at least that the counter trader has control of the trade platfform to there favor.

  7. KILLINGFLOOR7 says:

    What do you think about CMS FOREX (VT Trader) and FXCM?

    I value your opinion, Thanks

  8. commodityfx says:

    FXCM is not great.

  9. sysopkc says:

    What about FXCM metatrader 4 platform, they seem popular

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