Canadian Broker For Your Forex Robot

Of course, we mentioned the fees and expenses and a host of other issues we have covered almost all the bases to find a good Forex broker. All bases, except one, and may be the most important thing to consider when shopping for a forex broker.

As the forex robots are not all created equal forex brokers. Just the essence of being cautious, believing that there is a forex broker out there who really cares if you make money. Forex brokers are like casinos. They know that there will be winners along the way, but unlike the casinos, it costs nothing if you win forex broker. And they really do not care if you lose, as long as you keep trading because that is how they make their money.

In that spirit, let's take a look at these two types of forex brokers out there today.

Sharks in the water

Using the analogy of the casino, you know the odds are against you when you walk in, no matter what game you choose to play. In theory, Forex trading can be different and if you have a really good forex robot, perhaps you can tilt the odds in your favor a little. The basic assumption should be that on every trade you take, you have a 50% chance of winning and a 50% chance of losing. Believe it or not, they are not bad odds, and odds of winning are much better than anything you could ever get in a casino.

Now, suppose the odds were in currency trading against them. Would it be to be an attractive business capital spending? Probably not, and unfortunately, using what is known as a service bargaining agent, the odds are against you.

Dealing desk brokers are real sharks in the waters, because they can see their foreign exchange operations and then take the opposite position. So not only make money in your business, also are money losers. Worst of all, if you think a robot can help you with forex broker front desk, you're wrong. Dealing desk agents are aware of a lot and have the technology to identify the operations of the forex robots and they love punishing the forex robots and their owners.

Go With IB

IB introducing broker. These are brokers that you and your robot to forex trading. They have no business operations. Only market makers use to manage their business so that they are a neutral party. They are not trading against you and do not seek forex robots and try to use. The choice is clear. Ensuring that trade with the introduction of the runners.

Retired Canadian economist. My main activity since the winter of 2006 are Forex trading. I have been trading currencies online with the help of EA and I currently manages two trading accounts forex brokers in the United States and Britain, respectively.