The Collective FX is definitely not a group of wild-eyed special effects bohemians from the Hollywood Hills. The Collective FX is a group of autotraders who created a brokerage for themselves to create for themselves (and others) the absolute best trading environment. As you may know autotrading in financial markets like forex cedes control of some or all of the decision-making and trading actions to software designed to interpret market trends and charts faster and better than humans can.
The Collective FX suggests that it is more profitable to participate in the market as one’s own broker when trading foreign exchange. The collective aspect of this operation involves a group of traders who created a brokerage for themselves in order to obtain the absolute best institutional pricing and spreads. Additionally this collective approach to the market allows members to have complete control over their quotes as opposed to brokers controlling some or all aspects of the quoting process.
Rightly or wrongly the Collective FX characterizes brokerages as focused on making money by charging clients fees, commissions and widening the spread so they make money on every trade a client places. In contrast to that approach Collective FX’s profit motive is said to be derived solely from its own trading activities. This is said to eliminate the “us” and “them” mentality that prevails in trading traditionally with a traditional brokerage.
It’s possible that the best way to get a handle on this somewhat unorthodox approach to trading is to download the free The CollectiveFX Trading Demo. The sales pitch at www.thecollectivefx.com is certainly aggressive. If that approach is based on pride in a solution that offers increased profitability to the ordinary forex trader or on a desperate attempt to sell an approach to trading that is of dubious utility should be left to you to decide. Regardless, this option may suit experienced traders much better than neophytes.
Review info: The Collective FX
Review Date: 2014-01-14
Rating : 3.5
Reviewed By : Sara Patterson (Google+)
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