How can a broker work against you?? - Page 4
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Thread: How can a broker work against you??

  1. #31
    Whats scary is that some here act like junkie drug addicts, just like a junkie you may show them proof over and over how its going to kill them yet they seem to loe little glimmers of BS trust that you are incorrect, same with many here, you may eliminate everything you have simply because you REFUSE to observe the reality as they are

  2. #32
    Quote Originally Posted by ;
    In the US, at least 69% of traders dropped their money during the second quarter of 2011, take a look at the sobering stats below.

    Following a year, according to ex Forex (and Futures) employees and other insiders, over 90% of traders lose money. Consider it, if after only 4 months nearly 70% of traders are at the red, how many can you really think are still profitable after 12 complete months?

    Of course they shed because they trade with unproven, unprofitable systems and have practically zero discipline, and not necessarily because some brokers can and do...
    There were only slightly over 100000 Forex trading accounts in america back in the 2nd quarter 2011? Or are definite Brokers overlooking here?

  3. #33
    Quote Originally Posted by ;
    You understand. . .THIS:



    is indeed very very often followed by this:



    A sign that perhaps you are more prone to making negative assumptions is that you've pulled that popularized 90% figure. Do you have any clue where it came out because I can't for the life span of me really find any confirmation of it and just how in the world could we? It is after all pulled straight from your ars! And hey, if it is true, how can you figure you and so many people here onnigeriaforextradingtout themselves as being among those one in ten? American brokers need to now release data...
    I am a prosperous scalper day trader. It sounds Oanda knows how to run an operation. I understand all the previous problems together but for the most part wouldn't a beginner at least have a better chance starting out together? The stats indie so. Barnum once said *there's a sucker born every second * or something close to that.

    The majority of the intro courses I have read explicitly express the warnings of beginning out unprepared. So buyer read or weep.

    Unfortunately my start stocks was bad. A new start and knowledge of Forex has produced a profit to rely on. Sounds Forums are places to pick up bad habits. A Society composed of mostly winners. They should not be here but going back to fundamentals and studying money management. Barnum is waiting for another sucker.

  4. #34
    Quote Originally Posted by ;
    I read briefly a week somewhere (can't recall where) how an individual reckons a broker might operate against a trader if they appear to be earning too much cash....is this potential?
    1. Slow execution
    2. Slippage
    3. Requotes
    4. Offquotes
    5. Price manipulation
    6. Cease hunting
    7. Cancel trades

  5. #35
    Quote Originally Posted by ;
    I am a prosperous scalper day trader. It sounds Oanda knows how to conduct an operation. I understand all of the previous problems together but for the most part wouldn't a beginner at least have a better chance starting out together? The stats indie. Barnum once said *there is a sucker born every or something close.

    The majority of the intro courses I've read explicitly say the warnings of beginning out unprepared. So buyer read or weep.

    Unfortunately my beginning with stocks was bad. A new beginning and knowledge of Forex has produced...
    I tried oanada, alpari, etc oanda gives me these please wait windows method to often, for the record it had been oanda demo

  6. #36
    Not hard to envision how broker function against you, especially those in the market-making enterprise.

    They're basically front-running their clients' order. In market making business, not all of the clients' orders are shipped to the market. They're accumulated within the broker's until a particular net position occurred that is testing the limit of the risk management parameter. Only then will these orders are'unleashed' onto the market, the majority of the time, at one huge order.

    Ahead of this huge order are shipped to the market, the broker would send in their own order ahead. The huge clients' order that they will send then will spike the market price in the direction favourable to their own order. When that occurred, the broker's order will be closed very quickly leaving the market risk into the clients' order. Its a low risk high return commerce especially when you are talking about enormous order. Here really is the broker's'advantage'.

    Now maybe you can understand why broker's platform tend to lag or even freeze (worst case is to'crash' the system) or disperse widen when price begin to move purposely. And why prices always tend to whipsaw even though the market is strongly bearish or bullish. And you are wondering who will be the idiots who are still buying when price is shing strongly and vice versa. These aren't idiots but broker/big boys who shut their orders. And now you know why some broker is able to provide you tighter disperse then the true market. There's no free lunch.

    If you're trading big lots, seriously, you should exchange futures contract at which it's highly regulated by exchange. You will develop into a glaring prey in the OTC market when you exchange big lots unless you are DIRECTLY in the interbank market rather than via a intermediate broker.

  7. #37
    Hello all,

    After reading this thread I could not resist to reply.

    I am a long-term investor.I've made huge money on shares. Traded at markets in which is highly controlled by MMs(but gains can be larger ) such as otcbb others. I've seen everything from anything in the stock market and there's absolutely not any place at which you can make sure that it's a 100% fair play.

    I recently introduced myself with futures. But after covering all that I could with forex brokers I came to one conclusion. These brokers cannnot be reliable. I cannot even be sure how to call these men since they are able to do whatever they will. If you think for a second that there's any regulation on these, you are wrong.
    They say that they make only by speads. But at a greedy world such as this and a ground place where they can do whatever they like that I highly doubt about that.
    I haven't make money on forex lose. I didn't make even one easy order with forex broker since I coudn't be convinced.

    Allow me to give you one good of advice. If you want to play at a casino proceed you can do it by visiting a casino or with a forex broker, It doesn't make any diference to me. But if rather your desire to generate money follow these main steps:

    1. Trade to the long term. I am not God neither you are. If you think you can predict what a price is going to do exactly right about now you have 50 percent of losing your cash probably less as your broker(trusted one) take commissions also. In this situation you require a egy so you have to devote how much time you are willing to wait. This timeframe must to be rational enough to achieve your price goal (more precisely a range of price target).
    However, remember, The longer your egy the safer is the wager. Sometimes you may be lucky and it may take much quicker.

    2. Do not base your egy on TA only. Nor TA isn't your principal egy for whether price will go up or down. Use your head. After all behind those numbers there is an whole market that compels these prices. So base your egy on sound facts and numbers and people's thoughts (emotional ). For example: if you gather enough infomation which Greece is going to default and you also give it 80% likelihood (worst case for you) and that it's going to be inside 12 months beforehand from now(worst case for you) than that is a whole lot more than just 50% likelihood of a day trader's.

    3. If you want to trade futures trade it in CME. This is the only place you can trust you are enjoying it fair. If you want to play ETFs ETNs and enjoy those you have to bear in mind that these are similar to stocks they're diluted over time! So listen because dilution works .

    4. Always be ready for the worst case and be ready to it.

    5. Do not be greedy. If you achieved your goal earlier it doesn't mean it's more space for profits. And be prepare for exit even though you didn't achieved your target price in your targeted timeframe.


    Good fortune.

  8. #38
    Quote Originally Posted by ;
    1. Slow execution
    2. Slippage
    3. Requotes
    4. Offquotes
    5. Price manipulation
    6. Cease hunting
    7. Cancel trades
    What requotes and offquotes means?

  9. #39
    Quote Originally Posted by ;
    I browse temporarily last week somewhere (can not recall where) how an individual reckons a broker might operate against a trader should they appear to be earning too much cash....is this potential?
    Well they state Forex brokers earn money with the spread and the rollover.

    In fact, they could make much, even more money if they simply gamble against you and hunt your stop, that way they take and pocket your whole position. They know and see where all of the stops are, so it is easy for them to do so, it is similar to stealing a candy from a baby.

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