Article Summary:

Here is a collection of Forex News Updates, Other Forex Trading System Resources and Information.Yesterday I published here a very controversial article from Karl Denninger, former CEO of MCSNet and full-time trader.
CFTC Leverage Proposal 10:1 And the Death Of Retail Forex in the United States
The high number of comments against his definition of paying the spread lead him


Article Content:
Yesterday I published here a very controversial article from Karl Denninger, former CEO of MCSNet and full-time trader.

CFTC Leverage Proposal 10:1 And the Death Of Retail Forex in the United States

The high number of comments against his definition of paying the spread lead him to go again today with another article that I thought it would be of your interest.

In this new article, Mr. Denninger states that all those many that commented him that you only pay the spread once are sadly delusional as he states that in an OTC market what you are provided as a bid and offer is only what the broker wants you to see and may have no relationship to the best bid and offer they can find in the marketplace.

More On Forex Trading and Brokerages
My “Reform to Kill Retail F/X” article got a few people’s blood pressure up…
It appears that my central point wasn’t well-communicated based on the comments I’ve received (including in places that I don’t have “commenting” accounts), so I’ll try again.
Here’s the central point: The brokerages all claim to be “commission-free” but this is not really true - the fees charged, instead of being in the form of a traditional commission, are in the form of “pips” or a spread, and on a position held open the spread is charged again and again as a “rollover fee.”

As always, I welcome your comments

Francesc


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