Hi Mike thanks for your input, plan is correct however first one has to research which is the stage I am at right now. I have traded equities for years but new to forex.
I am interested in minimising costs thus increasing profit or decreasing losses. Selecting the right broker is all part of this.
So far I have learnt that there seems to be a range of .5 of a pip to 2 pip or more cost. Depending if I use an ECT broker which charges a brokerage and is not the Market Maker. This seems maybe the better way to go, These are the various ECT brokers I have found
Forex Brokers (ECN type models)
* CoesFx
* Hotspot FX
* Interactive Brokers
* MB Trading
Intereactive brokers have some pretty bad right ups on them though.
Have you traded profitabily? and if so have you tried to withdraw funds? as this seems to be a hassle with some providers. My research is to find a broker that isnt dodgy in the first place lols, as it is a bit foolish to jump in without at least doing your best research.
Once you have done your research then you can put together a plan using money management strategies but the latter should not be done without the due diligence first IMO.
Thus here I am looking investigating and in the back ground planning and using demos as a testing ground
Mike I assume you have not found the same with this company as these guys http://www.forexpeacearmy.com/public/review/www.interbankfx.com
I realise there is a lot of emotion in trading and sometimes one can get a little paranoid I also realise only the dissappointed ones will probably take the time to write on such forums/
Paul, I am assumming you are just using a demo account thus far?
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