kiwisteve wrote:Thanks TRO for the detailed explanation above re ECN vs FSB.
I just want to clarify the Order Types you use to ensure you buy at the bid and sell at the ask. I have found that if I want to enter Long with a Stop / Limit order, I can buy at the Bid (and Take Profit at the Bid) provided I set the stop method preference to "Trade Through", and converslely, if I want to enter Short with a Stop / Limit order, I can sell at the Bid (and Take Profit at the Bid) provided I set the stop method preference to "First Touch" (thereby eliminating the spread).
Just wondering if you adjust the "stop method" from Trade Through to First Touch depending on whether you are going long or short?
Thanks.
Kiwisteve
I just use limit orders.