Re: Advice for rookies: do not trust anything
To those who continue to defend the brokers Market Makers: explain to me why a broker that operates against their clients should want money to win.If you had a casino, would you let the players have an advantage over you?No, you would do your best to bow the probabilities in your favor.And that is exactly what brokers do that manipulate prices.
Re: Advice for rookies: do not trust anything
Excellent thread.This is a problem that all retail traders should be aware.The only way to protect is to operate with a broker that has a transparent structure and without conflicts of interest.And yet, you always have to question the data we are seeing.If something does not fit between brokers, it is best to assume that nothing in this market is 100% reliable.
Re: Advice for rookies: do not trust anything
It is funny to see those who defend doubtful brokers with phrases like "I open with them and I have never had problems."Of course, and the fact that they have not yet been caught in manipulation means that they will never do it, right?A broker Market Maker lets you win at the beginning for you to trust.But as soon as you start operating with more volume, the conditions will change and get you out of the game before you realize.
Re: Advice for rookies: do not trust anything
If the differences between brokers affect both daily graphics, imagine what they do in Scalping.A trader that operates in M1 or M5 is completely at the mercy of the broker.That is why the real scalpers alone operates in ECN Brokers with rapid execution.If your broker has variable spred and frequent slippage, you lost before starting.
Re: Advice for rookies: do not trust anything
This type of manipulation is more common than people believe.Has it never happened to you that your stop loss is activated by a single pip and then the price goes in the address you wanted?It is no accident.Many brokers adjust prices to make you lose in key moments.That is why you always have to operate in accounts with competitive spats and without broker intervention.
Re: Advice for rookies: do not trust anything
For those who still believe that their broker does not play against them: take a tradingview graphic and compare it with that of their broker.If they see significant differences, they already know why their "perfect" operations fail without apparent reason.It's not just about finding a good strategy.It's about making sure the playing field is not inclined against you from the beginning.
Re: Advice for rookies: do not trust anything
Retail trading is a business designed to lose.Brokers, signal suppliers and gurus live on inexperienced traders losses.If you think you can win without understanding how the business behind the brokers works, an unpleasant surprise awaits you.
Re: Advice for rookies: do not trust anything
The problem is that most people enter the trading without financial education.They only see ads of "earns money from home" and are launched without understanding how the market really works.When they begin to lose, they look for answers in the wrong places: more courses, more indicators, more magical strategies ... instead of questioning if their broker is the problem.
Re: Advice for rookies: do not trust anything
Because of this type of thing, professional traders use multiple data sources and operate in first -level regulated brokers.They know that blindly trusting a single price supplier is a mistake.If your broker does not give you data consistent with what you see on other platforms, you should ask yourself if you are really operating in a fair market.
Re: Advice for rookies: do not trust anything
If you depend on technical patterns to operate, it is vital that you use quality graphics.If your broker manipulates the data, any strategy you use will be condemned to failure.The market is already difficult enough without the broker playing against you.The minimum you can do is make sure that the data you use are reliable.