Can someone answer a couple of questions regarding brokers?

1. I've seen it in many places where it is suggested that brokers don't want us to have winning trades and make money. Being that there is something like $2 trillion dollars circulating daily in the forex market, why do brokers care whether you make or lose money?

2. I've also seen of people talking about brokers ripping us off by stop hunting. What I don't understand is how they stop hunt. Do brokers stop hunt seperately in each account? Meaning, will they make the price move differently in my account, as opposed to someone else's account? Or do they just make the price move in EVERYONE'S account, all at once?

These 2 questions are what I have wondered about for so long. I would appreciate if anyone can answer either or both questions.

1) Doesn't matter how much money there is trading around...they have to grab some of it to make money. That's what the deal desks do.

2) They spike their quotes to move them to nearby prices where bulks of customers have stops in place.

I have been reading this board and all the ther major ones reagarding forex and brokers for past few months and so far i have not been able to find a ECN broker that connects u directly with the marketplace and that has less then 50k min opening balance, the only one i have come accross is dukascopy, they seem to have some good reviews and have not heard many people complain especially in regards to terrible slippage like most bucket shops.

I was thinking of going with dbfx which is deutsche bank, but after reading the mass amount of complaints on forexbastards it seems these guys are just as worse as fxcm or any other bucket shop.

So it looks like the only choice is to save 50k and go with dukascopy because everywhere else it seems you are destined to loose.

If any one has any suggestions then please post your opinions!

"Bucket shop" brokers are what you're referring to here. They only trade within their confines of their little brokerage, i.e. if you have a sell order for $100K and another of their customer's has a buy order for $100K, they simply match your order with his, and viola! Both your orders are filled. But the other thing they do, and this is the real problem, if you want to buy $100K and they don't immediately have some other client wanting to sell, they will sell to you themselves. You get your order filled, and everyone is happy, right? Well, the issue is that forex is a zero-sum gain, meaning for every dollar you make, someone else somewhere in the world is losing that dollar. So, if your broker takes the opposite side of your trade, how do you think they'll feel if you start making money? Pretty bad, since every dollar you make is precisely what they lose. They generally don't mind doing this though, since 95% of forex traders (especially newbies) lose money.

A bucket shop's prices are not even real market prices. Everything happens within the confines of the brokerage, not in the outer interbank world. So they can make the prices do whatever they want. It's not quite that simple, but that's the gist of it.

Anyway, I strongly suggest you go with an ecn broker (they don't do the above, but make their money on commissions). Just do some research and you'll be able to find what you want. If you ever hear things about a broker "requoting", etc., that's a bucket shop. There's no such thing as a "requote" in the real interbank forex world. Your order either gets filled or it doesn't.

Anyway, hope that helps brah, and best wishes...