Is that so?Originally Posted by ;
Have a peek at this video and you'll observe how Forex brokers can steal from their clients on a daily basis. I am not saying they are ALL dishonest but only observe what they can do to your Forex account...
http://forexsocialmedia.com/home/soc...r Manager.html
Hey looky there, a guy hawking a product and having fear to do it. That is just like the most bashful politician making that movie. lol.
The virtual dealer plugin is troubling yes and if there's a broker out there using it to trade against their customers, shame on I'm convinced they're out there. If you feel that's the norm and how things are done from the FX market, I believe you're ridiculously wrong. As I've already explainedthe notion of trading against your customers doesn't make sense if you plan to be in business for more than a year or two.
I know a broker that doesnt like me very much
Well well, it seems this thread is attracting of lot of Forex brokers that are more than keen to defend their attention...
Especially from the side, a great country incidentally, I must know I lived there for two years as an exchange student, a long time ago.
Anyhow, and once again, I'm not selling anything in this forum, the website (see previous post) is for informational purpose only, no direct order arrangement of any type is ever mentioned in the movie or any place else.
View, your paranoia is showing. And hey, did not you end with me due to my horrid vulgarity? It is funny when you have a position, you're accused of having some type of self interest. With this logic, I'm apparently on the payroll of FX brokers or some such thing?
Hey, here is an idea. Instead of casting aspersions about why I keep an interest in this debate, describe where you got that 90% losers in the retail market stat. Describe your evidence for your rankings. Give us some real evidence that reputable brokers are trading against their clients.
Honestly, what are you five years old?
Why would you need to reiterate something you have not actually maintained. Once more? You nor anyone else ever said you're promoting anything the first time around. I simply said it was a twit nipple with fear to hawk some thing in that video you posted.
Truly, I get the impression that if you walk down the street, you fight the urge to check over your shoulder every few seconds to see who is following you.
Here is just another clever Foreign Exchange trick. As you probably already know, Forex brokers now publish the achievement rate of their clients. For instance FX broker ABC would state:
About the first quarter of 2010 35 percent of our clients made money.
About the second quarter 33% made money, etc.. .
These numbers seem rather remarkable, but of course what they do NOT tell you is that on the second quarter of 2010, those traders that created 35% during the last quarter are now flat broke and have vanished from the radar and a new batch of new meat shot over.
This is why they require a constant supply of new traders to remain in operation.
Don't fall for that marketing gimmick, based on reliable sources less than 10% of Forex (and futures) traders continue to be profitable after annually.
Sources hey? Well shucks...I'm sold! Hell, never before have I been so convinced and awarded such solid information by which to make decisions! Seriously, you're a moron.
Again, the foreign market is about as profitable for retail traders since the stock markets; which is to say that for many retailer traders, it is not. It is not a conspiracy, but it is people who don't understand how to control their money. It is people who believe it is perfectly reasonable to risk half of the account balance on a transaction because they don't understand how leverage works. You know just how many men and women piss and moan because their equities trading accounts get wiped out when they try and short?
no shit sherlock!
It is not the job of the brokers to DISSUADE people to combine them and transaction. They're a business enterprise.
b - u - s - i - n - e - s - s !!!
That they need to make money too and require clients to perform that. Your debate is the like macdonalds not submitting images of cows being slaughtered. Everyone understands their hamburgers are made of cows, but it's not in their interest to show you poor old buttercup with a knife to it's throat while it seems at the camera with large sad eyes as if to say why me? .
It is not around the brokers to maintain the hands of their clients. It is to provide a service. Should they have caught up with their service then clients are quick to complain about any little injustice, so it would be evident when a broker was being unjust simply due to the hordes of whiners.
Everyone knows that there are a million and one ways to acquire screwed-over. But most complainers on any forum regarding any broker stop searching and also the likes etc will be wise to get on a sim and see if the sim also stop searches them... which reveals the individual just has a CRAP METHOD and it has NOTHING to do with the broker adulterous them. They're cheating themselves.
due diligence!
Interesting stuff there and as a newcomer (less than 2 years) to FX it is helpful information.However,I can not be sure I myself have experienced such dodgy moves together with my account....yet.
I use a exact wel known broker *****. Com but wonder which ones are suspect?????
I understand some people today attribute spikes to the key exchanges'stop hunting' (which may just as easily be explained as a real market movement which only happens to retrace sharply because of lots of individuals stops being hit), but I dont see how a broker could take action.
Surely it'd stick out like a sore thumb against other price feeds? Perhaps the easiest way is to alter their spreads so it doesnt appear on the chart. But in case your brokers spreads do fluctuate so much then youd surely get another broker anyhow?
Im sure its potential to defraud the customer but I dont understand why theyd disturb. Seems like paranoia from people who cant blame themselves for losing cash.
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