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Old 04-09-2008, 09:35 PM
Arctic4x Arctic4x is offline
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Quote:
Originally Posted by lcfxtrader View Post
Thanks Arctic for the link. What time in GMT does the group trade the Zorro system and is WHC platform set to 0 GMT? Also, if you are trading the FX pairs, what broker do you trust your money with?
Now we have DST (daylight saving time) so we trade 6:00 - 16:00 GMT. In the winter that is 7:00 - 17:00 GMT
The WHC platform is set to CET (Central European Time) and it is now DST so it is now in the summer GMT+2.
So we trade 8:00 - 18:00 CET (WHC platform time)

About what broker to trust i think that is one of the very difficult things when it comes to forex trading.
It is not a big problem if one don't trade a lot of money and for myself i am not at a level in my acc where i am very worried but i trade at Oanda and i look at them as a serious and trusted broker, or more correct to say market maker.
Personally i look at most (maybe all...?) MT4 brokers to be among the less serious brokers but maybe i am wrong about it. I see a lot of people like them and say they trade "big" at MT4 brokers so maybe they are ok. But i don't trust them. I read far to much horror stories about them.
I am looking for another broker myself. Not because i don't trust Oanda. I will probably still have money there and still use them because i trust them and i like the spread and the instant execution. When i click the button i am instant in the market and if i believe what i read around on forex forums that is not something you can expect at other brokers.
I see people talk about no fill, bad fill, slippage, requote and other similar problems.
I never have problems like that at Oanda but i don't know if all the problems i read that people have with other brokers is true because so far my only trading experience is at Oanda. I have never tryed any other yet.
The reason i am looking for another broker is mainly because i want to trade other markets and also because i don't like the idea of having all my money in one place (not that i have a lot but anyway...)
And then i think i will look for a "real" futuresbroker where i also can trade forex and so far InteractiveBrokers seems to be a good one.
The futures brokers are better regulated and seems to be more serious in general i think but like i say i have no personal experience with it.
I think i will end up with half my money in Oanda and half in IB but i am not sure yet. I have no hurry.

Arctic4x
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