Comments on: Start Your Own Brokerage for Dummies http://trading-gurus.com/start-your-own-brokerage-for-dummies/ Automated Trading Systems and Robots Thu, 10 May 2012 22:54:55 +0000 hourly 1 By: Jim http://trading-gurus.com/start-your-own-brokerage-for-dummies/#comment-8718 Jim Wed, 21 Mar 2012 10:11:51 +0000 http://trading-gurus.com/?p=226#comment-8718 Hi Brent, Personally I prefer "automated trading" to "social trading". I figure fading what "the crowd" is doing works out better than following them. However I do agree that staying away from MetaTrader "robots" except for experimental/educational purposes is a good plan too. What do you make of <a href="http://trading-gurus.com/lmax-multicharts-first-impressions/" rel="nofollow">LMAX + MultiCharts</a> for example? An MTF rather than an ECN, and automated trading without MetaTrader! Jim Hi Brent,

Personally I prefer "automated trading" to "social trading". I figure fading what "the crowd" is doing works out better than following them. However I do agree that staying away from MetaTrader "robots" except for experimental/educational purposes is a good plan too.

What do you make of LMAX + MultiCharts for example? An MTF rather than an ECN, and automated trading without MetaTrader!

Jim

]]> By: Brent http://trading-gurus.com/start-your-own-brokerage-for-dummies/#comment-8695 Brent Tue, 20 Mar 2012 12:50:12 +0000 http://trading-gurus.com/?p=226#comment-8695 I know BT doesn't support brokerages that have the STP + ECN model, but some brokerages do... Leverate should offer this leverate.com or maybe Integral integral.com. I would stay away from the "robots" for now... social trading looks more promising than that. I know BT doesn't support brokerages that have the STP + ECN model, but some brokerages do… Leverate should offer this leverate.com or maybe Integral integral.com.

I would stay away from the "robots" for now… social trading looks more promising than that.

]]> By: Jim http://trading-gurus.com/start-your-own-brokerage-for-dummies/#comment-648 Jim Fri, 12 Feb 2010 16:58:49 +0000 http://trading-gurus.com/?p=226#comment-648 Check out the Forex Robot World Cup "no contest" that Jon is referring to <a href="http://www.forex-robot-world-cup.com/main.php" target="_blank" rel="nofollow">here</a>. I don't think Jon recommends purchasing any of the resulting "robots", that will apparently be on sale from an army of affiliates any day now! Jim Check out the Forex Robot World Cup "no contest" that Jon is referring to here.

I don't think Jon recommends purchasing any of the resulting "robots", that will apparently be on sale from an army of affiliates any day now!

Jim

]]> By: Jon http://trading-gurus.com/start-your-own-brokerage-for-dummies/#comment-644 Jon Fri, 12 Feb 2010 15:02:59 +0000 http://trading-gurus.com/?p=226#comment-644 Notice that BT is backing the STP model not STP + ECN model. And that's the rub here. STP still gives room to the brokerage firms to mark up the spread and not rely on the success of traders and just take commissions. When BT promotes the full ECN model, then I will listen to what they have to say. It is highly questionable when someone promotes you starting a brokerage firm using their technology no less. Right? They all make money, including the often sleazy IBs. Note: Dukascopy lowered the retail minimal deposit requirement and they also lowered their commission rate. Dukascopy is now the only brokerage firm worth considering in my opinion for not only safety but for integrity. And I looked at that always retarded forex world ea championship or whatever sponsored by FXCM and BT. The winner is a joke in my view. 145%? And that deserved a $100,000 prize? Started with $1000 deposit and it became $1450 in two months. I hope all of us can make $450 in just one or two trades in one 8 hour sitting. Geez. Two months? Notice that BT is backing the STP model not STP + ECN model.
And that's the rub here. STP still gives room to the brokerage
firms to mark up the spread and not rely on the success of
traders and just take commissions. When BT promotes the
full ECN model, then I will listen to what they have to say.
It is highly questionable when someone promotes you starting
a brokerage firm using their technology no less. Right? They
all make money, including the often sleazy IBs. Note: Dukascopy
lowered the retail minimal deposit requirement and they also
lowered their commission rate. Dukascopy is now the only
brokerage firm worth considering in my opinion for not only
safety but for integrity. And I looked at that always retarded
forex world ea championship or whatever sponsored by FXCM
and BT. The winner is a joke in my view. 145%? And that
deserved a $100,000 prize? Started with $1000 deposit and
it became $1450 in two months. I hope all of us can make $450
in just one or two trades in one 8 hour sitting. Geez. Two months?

]]> By: Kasia http://trading-gurus.com/start-your-own-brokerage-for-dummies/#comment-33 Kasia Tue, 26 May 2009 08:28:29 +0000 http://trading-gurus.com/?p=226#comment-33 I love this post. The Black Swan logic. What you don’t know is far more relevant that what you do know. I love this post. The Black Swan logic. What you don’t know is far more relevant that what you do know.

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