- Part 1. Understanding the Basics
If you're new to this, resist the urge to trade it with size before you understand the mechanics cold — paper or micro-size it for a few weeks first. Payment for order flow (PFOF) is the arrangement where market makers like Citadel Securities and Virtu pay brokers such as Robinhood for the right to execute retail orders, rather than routing them to a public exchange. Brokers argue price improvement offsets the conflict of interest, but the SEC's 2022 proposed order-competition rule targeted exactly this practice, and both the UK and Canada have banned PFOF outright. In the US it remains legal, with Rule 606 requiring brokers to disclose order-routing practices — worth actually reading if you've never checked where your "free" trades really get filled.
Score Your Next Setup Before You Take It
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Try the Void Engine FreePart 2. Key Concepts You Need to Know
The landscape has shifted dramatically. What worked five years ago may not work today. Stay ahead by understanding current market dynamics and how they affect your trading decisions.
Part 3. Practical Application
Theory is useless without execution. Here is how to apply these concepts in your daily trading routine. Start small, journal everything, and scale what works.
Part 4. Using TRADZY to Gain an Edge
TRADZYs platform helps you implement these concepts systematically. From automated import to advanced analytics, see exactly where your edge comes from and where it leaks.
FAQ
Does payment for order flow mean my broker is selling my data?
Not your personal data directly, but your order (size, side, timing) is sent to a market maker before execution, which is the actual conflict of interest regulators have scrutinized — not identity theft.
How do I implement this in my trading?
Begin by journaling your current approach in TRADZY, then layer in these concepts one at a time. Measure results before scaling.
Is this suitable for beginners?
Yes, but start with smaller position sizes while learning. The concepts apply regardless of account size.
Stop Guessing. Start Scoring.
TRADZY scores every setup 0-100 before you enter, then journals what actually happened. Free to start.
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