Thursday, January 17, 2008

Forex ECN's

Well, it may be time to switch brokers once again. It seems the MBT ECN program(which also goes by the name EFX) has established a completely open market for smaller traders. I may have to give it a shot as the demo is an amazingly eye opening experience. I can step in front of the bid, place a market order and not get scalped by my broker, I can even set OCO orders as close to the market as I wish. The only concern would be liquidity, but since I am not one of the big guns, it hardly seems an issue for me.

Spread the word and liquidity will be even better. As a retail trader, we need this business model to survive for our OWN survival.

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