Automated Trading main Robot Ky Parameters

It is mandatory that your broker fill you in the best possible price for your orders.
Under normal market conditions (e.g. normal liquidity, no important news releases or surprise events), there really is no reason for your broker to not fill you at, or very close to, the market price you see when you click the “buy” or “sell” button.

For example, assuming you have a stable internet connection, if you click “buy” EUR/USD for 1.3000, you should get filled at that price or within micro-pips of it. The speed at which your orders get filled is very important, especially if you’re a scalper.

Brokers aren’t perfect, and therefore you must pick a broker that you could easily contact when problems aling with account or technical support issues is just as important as their performance on executing trades. Brokers may be kind and helpful during the account opening process.

Here are the bad guys we keep mentioning earlier. Forex bucket shops are brokerage firms that have “questionable” trading practices (e.g., unusually frequent price misquotes or re-qoutes, slippage only favorable to the broker, stop hunting, etc.).

Have you ever seen Boiler Room?Aww come on, don’t tell me you missed Ben Affleck’s legendary speech about money?!
“They say money can’t buy happiness? Look at the smile on my face. Ear to ear, baby!”

And it’s precisely this greedy, money-oriented philosophy that drives the people operating bucket shops.
The name comes from brokers back in the day who used to put their clients’ phone-in orders on slips and then dropped them (the slips, not the clients) in a tiny bucket instead of actually executing them.

Without putting the orders out into the free market, the client is actually betting against the forex bucket shop operators who are also known as bucketeers.

These old school bucketeers do not usually disclose the real price of the asset that their client is trading, which means that they could tell the client that the price moved or didn’t move–whatever was in favor of the broker.

But thanks to the invention of the internet–and improving regulations and enforcement–newbies have less to worry about these days. Unfortunately, bucket shops are still out there so beware!

Luckily for you, we at BabyPips.com are more than willing to help you avoid entrusting your hard-earned cash to these nasty bucketeers.
To help you separate the good brokers from the bad ones,

You might also want to check out our forex forums where friendly forex folks discuss their experiences with different brokers.
So, before you deposit your m

with just anyone, make sure to do your due diligence and espionage so that you avoid fraudulent brokers and forex scams. Mind you, there are plenty out there and we’ll look more into that later on!

While you may feel like a dwarf among big bad brokers, it doesn’t mean that you have to take their abuse! If you are disheartened because it seems that brokers have all the advantage, rest assured that there are a few simple measures to help even the odds.

Imagine a horse with blinders. This horse’s vision is limited to what’s in front of him. If there is a hurdle in front, this horse has no other choice but to exert the additional effort needed to jump over it.

This horse is a very sad horsen your trading platform, you are basically trading like a horse with blinders on.
You have no idea what’s going on in the rest of the forex world because you have limited yourself to your broker’s price feed