Dear forex factory members,
I have spent the past ten years of my life as what most people would call a professional trader. I have pretty wide industry experience having worked for banks, HFTs & at an independent market making firm. While I have never worked at a broker myself I have a lot of friends that do and have acted as an LP to many of them so although it is not my speciality I do know quite a lot about the retail trading environment.
Unfortunately the things I do know are quite concerning and I have seen a lot of people getting abused by so called „experts, gurus etc“. So I would like to use this thread and offer my opinion should anyone want it on „Systems, EAs, Money Managers etc“ - just to clear things up I am not saying these are bad per se but I have encountered a lot of scams/unethical things surrounding these topics.
I am also more than happy to offer my 2 cents on anything related to market micsotructure (much more my speciality) - so things like „slippage/widening - what’s normal/ what isn’t, fair price of liquidity or my input on any execution disputes you may have with brokers or other things of that nature
What I don’t want to do is give any opinion on specific brokers, banks etc or give any kind of trading advise.
Ideally we are able to build an interesting discussion in this thread that helps some people avoid being taken advantage of.
take care -
M
p.s i got no clue if this is the right subforum or not. Pls feel free to move.
I have spent the past ten years of my life as what most people would call a professional trader. I have pretty wide industry experience having worked for banks, HFTs & at an independent market making firm. While I have never worked at a broker myself I have a lot of friends that do and have acted as an LP to many of them so although it is not my speciality I do know quite a lot about the retail trading environment.
Unfortunately the things I do know are quite concerning and I have seen a lot of people getting abused by so called „experts, gurus etc“. So I would like to use this thread and offer my opinion should anyone want it on „Systems, EAs, Money Managers etc“ - just to clear things up I am not saying these are bad per se but I have encountered a lot of scams/unethical things surrounding these topics.
I am also more than happy to offer my 2 cents on anything related to market micsotructure (much more my speciality) - so things like „slippage/widening - what’s normal/ what isn’t, fair price of liquidity or my input on any execution disputes you may have with brokers or other things of that nature
What I don’t want to do is give any opinion on specific brokers, banks etc or give any kind of trading advise.
Ideally we are able to build an interesting discussion in this thread that helps some people avoid being taken advantage of.
take care -
M
p.s i got no clue if this is the right subforum or not. Pls feel free to move.