Do NOT forget, that FINFX charges fees per trade, which will reduce your profits dramatically!
The fee is $0.70 per mini lot....or $7 per standard lot. If you make 0.7 pips profit...it is breakeven. If you make 1.0 pips profit....you have made 0.3 pips net profit. Just wanted to clarify this for anyone who doesn't understand fee structures in ECN accounts. Now....this may seem bad....but condsider the avg spread I see is about 0.5 pips. It is about 30mins till open of Sydney session and my spread is avg 0.9 pips. about the worst it gets in the sydney session is 2.5....and that is during the absolute slowest time with the worst liquidity.
Oh yeah....quick additional note...... to get an idea of the avg calculated spread on my FinFX ECN account is....using the avg 0.5 spread and the 0.7 pip commission fee.....my avg calculated spread is 1.2 pips. So if I open a position and it move +1.2 pips....I can close with no loss. Plus.....the broker is not using a standard dealing desk interface so therefore has limited ability to interfere with my trades. Really the only thing they can do is delay my trades. They can't stop hunt or anything like that with an ECN account.
Make losses, but always come out a winner at the end.