Disliked{quote} brokers that are ok are the Market Makers. A MM offsets trades internally. They only go to LP in rare cases when the majority of their clients pile on the right side of the market. When you are margin called the MM wins the account you lost. They made a killing yesterday!! FXCMs risk management failed. Thats a fact. But who could foresee a 4000 plus pip drop in less than 5 min?Ignored
- Joined Apr 2009 | Status: Live and learn. | 21,814 Posts | Online Now
"If The Fool persists in his Folly he will become wise." - William Blake
- Joined Jan 2005 | Status: ~ Noblesse Oblige ~ | 1,663 Posts
There are those who know, and there are those who don't know.
- Joined Apr 2009 | Status: Live and learn. | 21,814 Posts | Online Now
"If The Fool persists in his Folly he will become wise." - William Blake
- Joined Jan 2005 | Status: ~ Noblesse Oblige ~ | 1,663 Posts
There are those who know, and there are those who don't know.
- Joined Dec 2013 | Status: Member | 1,910 Posts
Learn, a forex trader must, unlearn and relearn he will.