I believe it is important to understand the market structure. Just want to share this information as i saw many posters were ignorant and think they know everything and were mad because they can't make money in the market. Trading is not for many and if you don't want to put on the hardwork then don't trade. To get a CGPA of 4.0 is a lot lot easier than to become a successful trader
http://www.bis.org/publ/qtrpdf/r_qt1312e.htm
Edit: Just to add for those who do relationship based trading their liquidity are much greater than what you would have on ecns as liquidity price widen spreads/provide less liquidity there. Here read this http://www.tradertools.com/news/edit...esQ4-12Report/.
Liquidity dynamics http://www.tradertools.com/news/edit...20consumption/
After reading these articles those who always say owh the bank is trying to trigger out our stops...or the market is trying to get me/us all the time..Only we retail traders lose...etc etc..Repent and start learning more. Know that you have issues. I serious would like to use some swearing words here but i brace myelf %$#%&&%$#^ owh god..grrr..i hate those lazy %$$%&&%$#. I pray i wont be lazy.
http://www.bis.org/publ/qtrpdf/r_qt1312e.htm
Edit: Just to add for those who do relationship based trading their liquidity are much greater than what you would have on ecns as liquidity price widen spreads/provide less liquidity there. Here read this http://www.tradertools.com/news/edit...esQ4-12Report/.
Liquidity dynamics http://www.tradertools.com/news/edit...20consumption/
After reading these articles those who always say owh the bank is trying to trigger out our stops...or the market is trying to get me/us all the time..Only we retail traders lose...etc etc..Repent and start learning more. Know that you have issues. I serious would like to use some swearing words here but i brace myelf %$#%&&%$#^ owh god..grrr..i hate those lazy %$$%&&%$#. I pray i wont be lazy.