Brokers platform and perform your strategy

#1
I have had 2 brokerage accounts for months, one with a typical broker, the other with a commission broker. The only downside to the commission broker is the fact that the leverage only allows me to make fewer trades and getting around their platform. but I got use to it.

The advantages are many. I never have problems placing an order when there is high volatility and trades actually cost me less. Since the spread is almost always much lower than conventional brokers, even with the commission (which amounts to about 1 pip per turnaround, but depends on the value of the currencies) I almost always end up paying less with the commission broker. Since my commission broker does not have a dealing desk, there is no incentive for my trades to be delayed at certain times the way I suspect with other brokers. In fact the broker claims to lack the ability to do so, since they just pass the trades on directly to the bank.

Believe me, your success will depend more on how well you can maneuver your platform and perform your strategy (assuming you have a profitable one) than how much leverage a broker will give you or how tight your spreads are. I am a big proponent of platform performance...if your platform allows you to perform well, spreads will mean a lot less.
 
L

learn2trade08

Guest
#2
why dont you just give a brief description of your automated money making machine if you are trying to market dollarfinder.net...
:D

I have had 2 brokerage accounts for months, one with a typical broker, the other with a commission broker. The only downside to the commission broker is the fact that the leverage only allows me to make fewer trades and getting around their platform. but I got use to it.

The advantages are many. I never have problems placing an order when there is high volatility and trades actually cost me less. Since the spread is almost always much lower than conventional brokers, even with the commission (which amounts to about 1 pip per turnaround, but depends on the value of the currencies) I almost always end up paying less with the commission broker. Since my commission broker does not have a dealing desk, there is no incentive for my trades to be delayed at certain times the way I suspect with other brokers. In fact the broker claims to lack the ability to do so, since they just pass the trades on directly to the bank.

Believe me, your success will depend more on how well you can maneuver your platform and perform your strategy (assuming you have a profitable one) than how much leverage a broker will give you or how tight your spreads are. I am a big proponent of platform performance...if your platform allows you to perform well, spreads will mean a lot less.