Desk dealing question...

[Warren S]

Joe,

There is so much (mis)information on the web on fx that as a new trader I can't separate truth from fiction. Take desk dealing, how can we know for sure if a broker has the ability to desk deal or not. I heard you mention IBFX is a desk dealer, I don't want to turn this in to a thread on IBFX, but any company like them that says they are not a dealing desk, how can we know?

I figured most of the complaints on the web about brokers that took traders money were mostly people that wouldn't admit that they over leverage them selves so bad in a live account that they lost all their money.

Would be interested in hearing your thoughts.

Thank you!

[CollonFox]

everyone has a dealing desk either at the broker or they pass it to the level 2 accumulator who has the desk but dealing desks is how the trades are offset and grouped so its an unavoidable part of forex. brokers accumulate and pass to the level 2 like banks and they take the opposite positions from the ones you are holding.

[ForexJoe]

Greetings,

To All

First and Foremost, Let's try NOT to start many threads, history suggests it is difficult to maintain with so many new threads...

All Forex Thread is one that this post needs to be in as it covers about everything for Forex

Thanks in advance.

Now Warren,

I will hold off on my comments as we have a solution -

Please download the platform and play with demo account... Once we have all in place, we will have more info share with you.

Thanks for your post

Joe

[maddogpopp]

Everyone should watch this. I assume Joe will address this issue.

http://secrets.bz/brokers


Maddogpopp, eur/usd

[ForexJoe]

There are advantages and disadvantages to using any Forex Broker…

The video above is a good overall education, yet some info is outdated since so called bucket shops wild, wild, west days of past are gone.

The video also addresses spiking for those scalpers in market...

New regulatory is in place for firms to follow.

The NFA is now monitoring pricing exceptions, and, of course, the industry has undergone much needed consolidation.

The retail Forex market is maturing a bit. New regulation and tough broker competition force brokers to come up with a lot of capital upfront to have a chance to survive.

More and more technology is improving platforms constantly . Once we are able to discuss our recommendations in this area, you will be blessed with work going on behind the scenes.

One other note about ECN networks, when I first started only the elite were privileged to participate in direct feeds from banks and needed an trading account of $100 million or more.

Then it was offered for those with $10 million accounts.

Then the limit was knocked down to $1 to $3 million and now in some instances, access is around for a limited amount of banks with six figure accounts.

Forex is good to those becoming successful traders.

The time is coming where bank feeds will be offered to smaller retail customer accounts, until that time arrives, each person should educated themselves with defined goals in advance of what expectations they desire in the future.

We will offer solutions soon, for small retail traders and proven players trading full time.

Thanks for patience in this area and keep playing in those practice regimen accounts.