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Does anyone on the list have any information or experience with Forex
trading? I have seen several sites that provide real time quotes and
charting capabilities, but I am worried about where their market quotes
originate and, in many cases, their commission structure.
I believe that many of these organizations principal the trade, thus in
effect they are making a market from the larger bank market and using their
own bid/ask with the appropriate markups. This, combined with a commission,
would make it very difficult to turn a profit.
Does anyone have any suggestions as to where to locate a good, reliable
site/broker for online trading? And, any comments on trading the Forex also
would be appreciated.
Thanks in advance,
JohnO
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