My way of choosing decent broker is reading negative reviews of it. that will give right clue about broker. by reading those, u can really understand if d trader or d broker is scam.
hope this helps
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Disliked{quote} I am saying that the forex industry propaganda machine is always spewing out the same misinformation to entice the gullible and the greedy to lose all their money in the forex. In this case, spot retail forex IS NOT a US 5 trillion a day market. On a good day it's barely the size of the commodities futures market (200 billion max)Ignored
Disliked{quote} I am saying that the forex industry propaganda machine is always spewing out the same misinformation to entice the gullible and the greedy to lose all their money in the forex. In this case, spot retail forex IS NOT a US 5 trillion a day market. On a good day it's barely the size of the commodities futures market (200 billion max)Ignored
Disliked{quote} The only way to stop the cheating is when all FX takes place on 1 central exchange. And still that might not be enough.Ignored
Disliked{quote} Mental + Strategy + Management[money+risk] + technical infrastructure = successful trading platform is a small part of trading. MT4 will be replaced because its old code. too many patches/upgrades applied to fix. that's itIgnored
Disliked{quote} if u stay away from scam brokers where u can get some clue here at FF n at FPA, u can trade safely. if u hit a scam broker there is no way out. forget d funds. My way of choosing decent broker is reading negative reviews of it. that will give right clue about broker. by reading those, u can really understand if d trader or d broker is scam. hope this helpsIgnored
Disliked{quote} It does put you off that feature .. I sent you a personal pm. Most of the issues people face is due to being put in the b book by market maker or hybrid broker. A-Book/STP: “Straight Through Processing” is when a broker passes the trade orders it receives from its clients onto a liquidity provider. In this case, the broker only makes money from a spread markup and/or commission on trade orders. It does not make or lose money as the client loses or makes money. B-Book/Dealing Desk/Market Maker: when a broker does not pass the trade orders...Ignored
Disliked{quote} So if I am a A book trader, trade one microlot, my order will go directly to a LP? Keep on believing this nonsense!Ignored
Disliked{quote} So if I am a A book trader, trade one microlot, my order will go directly to a LP? Keep on believing this nonsense! {quote} I view retail FX broker as nothing more than a franchise operation with different brands. There are major LPs (12 or 16 whatever that number is) who serve the entire global retail FX order flow routed by these brokers. There has to be some cross brokerage aggregation of orders taking place at the LP to enable filling of large corporate and institutional orders financed by losing retail traders. That is why almost 99.99%...Ignored
Disliked{quote} I'm Not defending brokers. I believe you do get put on the a book if your profile is up to standard. You are a low risk trader , have over a certain amount of money in your account (over 10k ) and are a profitable trader ... Some of us are profitable ..Ignored
Disliked{quote} {quote} I can not advise anyone. This is not ethic. Only I can say, I have accounts w Pepperstone, FXPro, IC Markets. Read above quoted post n Visit FPA. hope it helpsIgnored
Disliked{quote} I have no doubt you are. How do you know you are on A book? Does the broker come and whisper in your ears? Does it show in your account statement who the counterparty is taking the other side of your trades. Does your trade ticket show that? You are nieve if you are simply going with what they publish on their web site. If you know for sure, I would love to see evidence of it. Again, I only traded with FXCM for one reason....they were a publicly traded company. It gave me confidance that I had some level of legal protection from their practices....Ignored
Disliked{quote} FX is d least manipulated market as its volume n liquidity is bigger then others n not centralized. its manipulation coming from d middle man called broker due it knows 90% will margin call. so why connect those accounts to real liquidity. cover those in d office if u work w decent broker, n if u bring those together {quote} u will most probably make gain. don't forget. trading isn't making gain. its minimizing risk. the problem w retail traders they almost always focus on gain. not risk. in fact if one can minimize...Ignored