I was told that there is a potential for a broker (trading desk) to trade against the retail trader (us).
Does this happen ONLY when using stop loss/limit orders? Can this be eliminated if I use market orders since then "they" cant "find" my stops?
Also, is the clearing house they use matters in regard to execution and would I receive a better execution if I joined a Prop Trading firm that uses say the Redi software which connects directly to Goldman Sachs?
I currently use Fidelity Active Trader Pro and was wondering if anyone here ever compared execution between Fidelity and other brokers?
Thanks in advance,
Steve
Does this happen ONLY when using stop loss/limit orders? Can this be eliminated if I use market orders since then "they" cant "find" my stops?
Also, is the clearing house they use matters in regard to execution and would I receive a better execution if I joined a Prop Trading firm that uses say the Redi software which connects directly to Goldman Sachs?
I currently use Fidelity Active Trader Pro and was wondering if anyone here ever compared execution between Fidelity and other brokers?
Thanks in advance,
Steve