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So is this True?

Discussion in 'Risk & Money Management' started by boom1, Nov 7, 2009.

  1. boom1

    boom1 New Member

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    Do you have the feeling that your broker is cheating you and making it difficult to make any money?

    Are you seeing random widening of the spread near or at your stoploss orders causing your trades to be closed out with a loss?

    These are dirty tricks that brokers use to put more money in their pockets. I have learned that brokers can press one button to move the spread 5 pips, 10 pips or even more. This is a feature that most broker platforms come with!

    The reason they do this is because when you place a buy, then will take the other side of your trade by selling (and vise verse). This means if you loose on your trade, then they win on their trade.

    Now you can see why they are so anxious for your stoploss to get hit and are willing to move the price against you.
     
  2. fxprofits

    fxprofits New Member

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    Best is to trade with a real ECN broker who dont play against the client.

    Then all is fine.
     
  3. FxBanker

    FxBanker New Member

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    Occupation:
    trader, enterpreneur
    Unfortunately some brokers use dirty tricks.
    Trader must choose broker that hedges all positions in the interbank and don't uses dealing desk.
     
  4. Jhon Kumar

    Jhon Kumar New Member

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    A forex financial expert who uses electronic communications networks (ECNs) to provide its clients direct access to other participants in the currency markets. Because an ECN broker consolidates price quotations from several market participants, it can generally offer its clients tighter bid/ask spreads than would be otherwise available to them. So I think ECN brokers are best.
     

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