This is a deep-rooted myth that the brokers are desperately hoping you buy into. It's deep-rooted because the issue goes much deeper that just execution. This is really about how you trade, and whether or not you're easy meat for the "big dogs."
Here's the reality. Fast execution only matters if you're the kind of trader who is fast in and fast out. Then yes, you're life (as a trader) depends on it. Well, actually it doesn't. You've been duped. But don't feel bad, most everyone has been . . .
You see, when you trade fast in and fast out (scalping), you're actually trying to trade like a broker. That's how brokers trade. Put on a position; get rid of it as fast as possible.
However, there's a catch. The broker is spread positive. You're spread negative. You can't trade that way and expect to win. It's exactly the same as walking into a casino and sitting at the roulette wheel and expecting that some betting system is going to make you a big winner.
The negative edge is already against you. There is nothing you can do.
However, unlike roulette, in forex you can flip the odds around in your favor. The first thing is to forget about pretend issues like fast execution.
You need to stop trading on the fast charts. Slow it down. Trade on the 4 hour chart. Go for 100 pips per trade. You see, getting your trade executed instantly or with a 30 second delay, becomes a non-issue. So does stop-hunting, and all the other games brokers play.
Do you want to learn more about how I trade? I have just completed my brand new guide, "Forex Trading - What Finally Worked For Me".
Download it free here: Forex Trading
Nathan Pennington is a forex trader and the author of Winning Forex Trading -THE Definitive Guide
Source: www.ezinearticles.com
