Well it's been a while. I've been busy trading, backtesting, and testing broker platforms. I decided it's time to quit complaining and move away from Oanda. Not sure if a new broker will be better, but I'm to the point where i need to find out.
The new Broker I decided to go with is EFX Group (MB Trading). They are an STP/ECN broker.
STP = Straight Through Processing
ECN = Electronic Communication Network (basically I'm anonymous)
Even though I'll have to pay commissions for my trades I'm willing to do that in order not to compete with my broker, which is what I was doing with Oanda. The trading platform is similar to what is offered with traditional stock brokers. For example multiple order types, stop losses, time entries, and Level II screens.
So right now I'm currently in limbo. I've withdrawed my money from Oanda (except for a few hundred $$). After EFX finishes setting up my live account I'll wire the money into my new account.
New Trading Environment
I've also setup my new trading environment this week. My office is now setup for strictly trading. I've also purchased a new PC with a 20" widescreen monitor and 2 - 17" LCD's. I have my charts setup on these and I run my broker platforms on my laptop. Maybe I'll post a picture of my office setup sometime.
Journal Entries
I've also started to keep my journal in electronic format. It just makes more sense for the information I want to collect. It will allow me to post charts in the document along with screen shots of my broker account. I'm also hoping I can just copy and paste these entries into this blog.
Anyway I hope everyone's trading is going well....
Brent
Wednesday, April 25, 2007
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