Looks they've got best Sharp with alternatives (meaning this is agressive and highly speculative approach). If your strategies assume moderate risks that could be a match. Yet no, I haven't tried that myself.
Hehe, I once heard a slogan that exactly fits my approach to markets. Trade more shit! IMO this is the case when the quantity can compensate quality. To some extent
I had a desire to get down to DMA with this broker immediately but at the last moment an idea came to my mind that it’s a bit too early for me to try this. I need to put aside more money to trade DMA. I wanna trade bigger lots with the best possible conditions but as of now I got no required amount at hand.
It’s really makes no sense to enter the world of direct market access with a small deposit. This thing is for bigger capital. Faster execution gives a notable advantage to those who can afford trading bigger lots and those who know how they can benefit from this.
I share this point of view. I think that as of now I can do without DMA. Moreover, I have recently discovered some flaws in my strategy that need to be resolved. Meanwhile, I registered a CFD trading account with the broker to trade CFDs. I wanna polish my strategies on CFDs before shifting to DMA. I can also say that standard, non-DMA execution with the broker suits me.
That’s right you don’t need to be in hurry with this thing. I had enough time with CFDs and drifted to DMA following some good piece of advice from an experienced trader and realizing that I gained substantial capital for such advanced trading. I know many successful traders who never traded DMA and get along with CFDs for a long time. DMA is not a magic stick that can change your life for the better. It’s just a high-quality tool, very comfortable to use, but it can’t forecast the market instead of you.
I heard that one can do without DMA. I mean there’s special software that allows to get quotes much earlier then your broker offers it to you. Is it true?
Yeah, such software really exists but it’s all illegal. Moreover, it’s very expensive. Even if you somehow manage to find a professional programmer who agrees to create such a specific tool, you are taking a big risk. If you are caught, you will not trade with your broker any more. DMA is the only legal advantage for which you will not be punished.
I’m just curious, is this illegal software that you’re talking about always has to be tailor made for a specific platform?