Gentlemen, After doing cursory research on the web, I am glad I finally found this site. I am a former Floor Trader (Grains) who is moving into screen trading after a lengthy hiatus from the markets. I will be trading a relatively large retail account (150-250K) focusing on Fixed Income, Equities, and the occasional Energy/Ag position trade. I am familiar with X-trader and Ninja trader and will probably go with one of those through Velocity. However, I am very intrerested in trading Spot FX, but at the same time, very nervous about the current Retail Broker Market. Basically, my question is what is considered the "standard" for a professional/serious reatil trader in this market? Which Broker is beyond reproach within the Forex community? Which data feed/analysis package, et cetera is considered the professional standard. Someplace like IB or Dukascopy or Mann for platform with a bloomberg maybe? I really just don't know. I am way out of touch and don't want to do something stupid. I feel very out of touch. Obviously, as a former local, I am very uncomfortable with placing stops or resting orders with the counterparty to my trades. To shorten all this, who would you send 50/100k to, and what platform/analysis software would you use? Thanks a Lot FJMcC
If you don't mind me asking, why is it you hate placing stops or resting orders with someone counterparty to your trades? As far as your Forex broker question I would recommend reading this woman's link as I find her info to be very honest and accurate. http://www.currency-forex-trading-online.com/currency-brokers.htm
However, I am very intrerested in trading Spot FX, but at the same time, very nervous about the current Retail Broker Market. Basically, my question is what is considered the "standard" for a professional/serious reatil trader in this market? Which Broker is beyond reproach within the Forex community? Which data feed/analysis package, et cetera is considered the professional standard. Someplace like IB or Dukascopy or Mann for platform with a bloomberg maybe? I really just don't know. I am way out of touch and don't want to do something stupid. I feel very out of touch. Only one pure agent of principal(not involved i ntrading against client ,no proprietary account and no source of income from proprietary trading)- hotspotfx But 1. Demand 7500 $ account minimum 2.Have only 7 ml n$ capital ,CFTC press this time scene with possible future minimum 20 mln $ ECN demo real time ,you can try without charge by hotspotfx.com or by currenex.com But better try currency future .... /segregated account/ Your respectfully
Swiss is not regulated market for forex. Autor discussed that with different Swiss authority. Shares regulated through EBK .Forex not regulated ... Caveat Emptor ! Let is buyer bewahre ...