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Old 02-18-2007, 10:36 AM
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Re: Currency Futures Question

Most forex brokers are bucketshops - including the one with TradeStation. Your order never makes it to the interbank market so they are not really brokers at all. They create their own little market based on interbank price feeds. Their business model is based on the fact that most of their clients lose so they're happy just to take the money of their clients. They're really just bookmakers. It's in their interest if you lose. The exceptions are Interactive Brokers' IdealPro, EFX Group, HotSpotFX and Currenex. There's plenty of liquidity in British Pound futures if you trade during London hours.

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