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Regarding price data for use with TradeStation,,,I think Comstock, FutureScource or DowJones Telerate are the ones recommendable.
For the dealers,,,,I would like to recommend either Rosenthal, LFG or Refco.
Other small bucket shops and internet brokers are not truly market makers,,,,they bid against their own customers.
But to trade with these big and established houses,,,the equity or account size are rather bigger than small shops.
About the big/ask spread,,,you can help but taking it,,,since that's what these houses are generating profit from. However,,,if you get to trade with these big firms,,,,you could lessen the spread substantially,,,probably down to 2-3 pips roundturn. And commission rates are always open to negotiation. If you need anyone to contact from any of above firms,,,let me know. I can refer to some brokers at these companies.
Above are all of my personal opinion from my own experience.
*********** REPLY SEPARATOR ***********
On 3/2/98, at 1:01 PM, JDFO wrote:
>Several have asked about forex quotes that can be read by TradeStation.
>I have talked to most of the
>forex dealers that have web sites and it seems not one has a quote system
>that is compatible with TradeStation.
> It also seems that these "dealers" make their own market and usually
>take a spread of 5 to 10 pips.
>If this spread is, like stated, different then the true market, you would
>have a real disadvantage.
> Anyone here trade the Forex and make money? Or at least get a fair
>chance to do so? Would like to hear your comments and who you trade through.
>jdfo@xxxxxxxxx
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