skipcube

After looking some more, looks like third party pricing data feeds are very hard to evaluate -mainly because the broker's liquidity network may or may not be able to execute on the orders. To this end, is there a trading strategy that needs a secondary feed?

Hi, I'm learning to start trading forex. I'm not sure I understand why I need to invest in a reliable datafeed that is not provided by the forex broker. For this case, lets say the broker is truly routing the orders to his network of banks. Since forex is traded "off exchange", I'm naively thinking the price given by the broker's feed is the best executable price possible. Or is there more to that? How does a 3rd party datafeed help here? Even though it may be reliable and fast, possiblity of order being filled by the broker and its network would be smaller? Partly, I see external datafeed's value for exchange based trading. But I'm having a hard time understanding their value for forex. Please throw in your 2 cents. Sorry if this has been asked before. Google search didn't turn up much. -Skip.