If brokers cheat why do we trade?

where ever you read, it's just that brokers cheat. my question is that why people trade? yet they complain that if you start to earn more than the deposits, they limit withdrawals and cheat

" my question is that why people trade"
There are robbers on the street.. and I still leave the house.


The thing is;
I have larger profits than losses-- because I learned how to do it.
Not always easy-- the main thing is patience and how to deal with losses when you have a bad streak..

with out any doubt there are many broker market maker , but some times it is the excuse for our losses . If we choose a good broker and we know how to trade , its a good job .

There are some good brokers, learning how to find a broker is part of learning how to trade. Unfortunately most people don't take it that seriously.

promise of infinite riches

you see others still making big bucks, in spite of scams in this industry , so it can be done right?. So you say "why not me....."

The ‘cheating’ can be over exaggerated, sure there’ll be slippage, poor fills, platform freezes etc., but the effects of these issues can be mitigated, if you’re not attempting to scalp and or day trade. Swing and position trading will minimise the effect of such behaviour; if you’re losing 2-3 pips profit, on an average gain of 100-150, so what? You could rationalise it as the price of doing business in this business.

There’s also the contention (from most brokers) that they don’t have to cheat (much), as punters are that hopeless they’ll always lose; recently ESMA citing up to 90% of punters lose up to €30k inside six months before giving up trading, is the latest example of general uselessness. It’s worth dwelling on that; if you flicked a coin for direction, or only went long when bullish or short when bearish (daily trends) you should at least breakeven, but 90% lose, as Darwin awards for stupidity go, it’s quite an achievement (en masse for the trading community) to actually fail that badly.

As for the allure of trading, this subject has been done to death over recent weeks, particularly on the ESMA and Forex is suicide threads; unlike gambling on horses, or other sports betting, retail trading/gambling dangles a carrot of unlimited wealth, there’s still a glamorous attraction to trading whereas other addicted gamblers are regarded and dismissed as hopeless failures. Despite there being zero proof of anyone actually achieving it, over the past 20 years online retail trading has been ‘alive’, naive newbies enter this arena believing they’ll turn their meagre 500-5000 into 500k, or 5 million.

Retail betting on markets should be regarded as fun, and an opportunity to speculate to modestly grow your savings, anyone thinking they can pull a living out of the industry should be mindful that (according to my research from an ECN/STP/NDD broker perspective) only 0.3% of clients managed to make 25k out of trading in a year, and those that did were swing traders, who didn’t require the gains as an income.

It makes no difference.

Brokers know with certainty that
99% of their clients are going to blow up their accounts eventually
from the day they opened accounts with them.
The brokers (or the market) do not need to do anything at all
to take away retail traders' money.

On the other hand, if a trader opened accounts with 'bad' brokers
and get scammed or whatever shit,
it is his/her fault for not doing his/her research beforehand.

The point is only to learn how to choose a broker. The process of choosing a broker is as painstaking as choosing a university or buying a house. Any choice should be based on an analysis of this environment.
No one is immune to fraud, but there is a possibility to significantly reduce the probability.
We all risk for the sake of money, for the sake of pleasure and the euphoria of victory.

Don't blame the brokers. Whether you accept or not ,it is our greed and insufficient knowledge, which lead us to loss.

Don't use a stoploss... use an option hedge to protect. A binary hedge costs about 10ish% of profit, but can be tricky. Large players EASILY run stops and use that to build their positions to go in the other direction.

So with option hedge on about 50% profit, you lose 10% with your insurance not being used but hey... this is what you get with 25:1 leverage, not all of it used. Of course, if you can get to prime broker this would become a lot better since you can then do "legit options" in the same account. And of course, this requires you are a bit longer term on your "core position" than most.

Then set your Take Profits to be where you suspect most SLs are. Or mine ForexFactory for these... =D

Haha, stoplosses (vs options)... like you really know on the lower levels where it will tick...

Nothing wrong with stop losses if you know the areas to avoid

Thank you all for your contribution. Just the Internet scares you regarding forex. It’s that 95% will fail gets into your head and havocs the sanity. Patience is the key I suppose. Greed kills

Not all brokers cheat. One has to find a relatively decent broker. That's why it's so important to vet and research all the broker one wants to work with.

95%+ will fail, keep that stat in your head to remain sane. But they won't fail as a consequence of "cheating brokers" they fail principally because they're undercapitalised and have little understanding of the mechanics of: leverage, risk and probability.

First of all; I agree with the authenticity that forex being an over the counter market has no definite monitory authority that can guarantee security of funds like any organized market. So; it is the accountability of us to select a regulated and dependable trading platform so that we can be comfortable about our investment. You should select a broker that has good name; market reputation along with good experience in this industry.

It's the hope that one day you'll eventually know what your doing .