With so many news affecting the forex market heading to the Fed's announcement & the Fiscal Cliff, that price actions are limited to a continuing price trend, but prices are moving in both directions before a resumption of the trend. The likes of the GBPJPY, EURJPY & AUDUSD to say the least.
Market price behavior has deeply affected trading activities to a point that price quotes are directly affected from the different liquidity providers that each Forex broker/dealers have compared to most interbank counter-party banks. This is where the big difference comes into play. Although, spreads can widen and decrease, it still doesn't mean that a trade could define its success. What defines a successful trade depends on the trend position, an appropriate trading amount size that could tolerate a temporary floating loss without being stopped-out or called-on before prices resumes favoring the position taken.
However, spreads among price, execution, accuracy & transparency must well be considered as the current market conditions warrants that prices quoted on-screen are truly reliable. Not that they are, but simply knowing which of the trading platforms has this ability. Almost all broker/dealers using the same modified platform commonly used like the MT4 or an equivalent upgrade would claim the effectiveness of each platform offered to clients trading in particularly the forex market.
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