Brokers dont want us to make money

Why do brokers not want us to make money? They seem to change the rules to suit them, widen spreads at innoportune times, and delete valuable information off forums. I'm not whining, I can skirt their rules, or work within them, and still get returns, but it seems like most of these people want to keep us in our little bucket. (bucket shop?) When we lose money, they keep it. When we make money, they don't like it...

I think we might be trading against each other and not the market, IMHO. I've found places to get away from that, but when I see good info get thrown out by mods on forums, and b.s. left behind, aside from sideways quotes and wide spreads, it makes me wonder.

The way to get around this is to trade longer time frames where it's way harder for them to cheat us because the quotes have to be more realistic. One broker to the next really can't have a 20 pip difference on a 1 day close. Look at two 5 minute charts up against each other from 2 different brokers, however, and their "clients'" trades will be reflected more than the market's. Just an observation...

P.S. Let's see how long they let this thread continue!

R U saying that FF is now part of the 'brokers want to keep us down' conspiracy?

No, I'm just saying I notice funny stuff going on everywhere...

I can still get pips regardless!

Is there not monkey business? Or is this a monkey's business?

IMHO

Hey man, I do work hard, I just notice funky stuff going on here and there. I spend about 12 hours a day on this.

To quote Tony Montana (Scarface):

I'm getting a little, how you say?, paranoy...

I think you need to lay off of the Jim Bean or whatever you folks drink over there.

Well, If you do not like the spot market... Do futures.


-Alex

I also dont like,...to my broker send me chat messages,..where he say example: ...You could do like we did,..buy gbp:/usd at 1.xyz,...and now we have move stoped higher,...target 100 pip higher,..and when u look on the graph,...the thing is moving down,...i really hate those mesagges,...the same at cfds,...they send chat mesages, when google has already topp up,...when the news came out,..and they said, it could easily go to 450 buks,..oooo...or...even the advise that the eur/dolar will go down to 1.22...they really want our money faster,...they dont care about anything else,..just a click thats worse 10 buks x2. Hate chatt mesages,...listen this one,..buy towards 60 for target 65 (at oil i na week before) ofcourse it didnt break 62.50.

They got less knowledge then we do,..and they wont to improve their own positions, by saying,....you could do like we did,...each time they will send me this kind of message,..i will do the oposite, and close it really soon...

You gotta take the time to read more of Forex Factory. There is sooooooooooo much knowledge just sitting here in these pages just for you!
Some of us spend an extra bit of time to offer up to people just like you. FOR FREE ! ! !

http://www.forexfactory.com/forexfor...ead.php?t=8046

Check it out. Learn how to be the monkey that gets the banana.

Maybe it has to do with when we make money they lose money. 90% of brokers are on the other side of your trade. Wouldn't you want to be on the other side of a losing trade?

The topic starter has a point. However, it's like that in all businesses. You have to have a rigged gameplay in order to set out market exposure. Allow winning clients to bring back more and lastly. Losing ones and a damn good excuse to productive discouraging confidence to keep the losers playing.

Like at the casino, on a dealing desk, for example. Do you honestly believe that a Casino Dealers will tell you ALL of his tricks, so that you'll have an edge over him AND the game?

Do you think that a retail broker will tell you how his firm works, how the platform is rigged, or will give you clues as to how he's mastered on how to manage money against you amoung other shananagans? You obviously are a decent trader and are, like many of us. Trading off of what you know.

But, to the rest of you. Some of you, i can speculate have first hand experience AND info on just how brokers operate. I for one, myself. I know someone who used in Real Estate cashflow noting. Believe me, you are NOT far off, it's pretty much the same everywhere else, not just in currencies, futures and retail. Also,


there's a reason i always lowercase these words. Typically, they are all the same. Well, atleast to me that is, but atleast i am honest about what i really know. And yes, half of you talk so straight forward and "woodenly", one would almost assume. That, you are almost a broker, or one of their representatives. Eitherway, i don't care. Broker, affliate, or corrupt market maker, my profits do fine, also. Wiether i am playing against clients, one guy, or all of the above. Because, i can guarantee you this,

if you're playing against the institutionals when you get enough capital on a "real trading account". The mindgames and "illegal" shananagans happening in retail will all seem like child'splay. Just ask any stock trader, forex trading actives happening around here, set out by brokers are a JOKE.

I see retail forex brokers as this one thing;

Low tier WallStreet wannabes that couldn't cut it on a real trading floor, in this case. The NSYE where the real cheaters and professionals are. So, they consider retail traders an easy way to fund their own accounts, so they can ease back into the game. But, i can speculate,

that most of these wannabes NEVER will. So, they'll continue to pick on small traders. The problem is, most of us,



are winning. Slowly, but surely, ifnot in education, risks and reward.

Food for thought is a good thing, which is what surprises me when i see all these foolish negative comments, that mean absolutely nothing. Maybe you are brokers, on here. Because you seem to care so much about small things that shouldn't even matter. That is, IF you are REAL TRADERS.

So emotional, for people who aren't to be emotional at all, i think you all forget. That this is an educational forum, and a "heaven" for preparing for financial battle, so why not vent? And vent in reason?


It all comes down to this, you all have common sense on how to post on forums, this is the oldest rule. "If you don't like it, DON'T POST". How simple can you get. Good topic,

i like it when things flare up like this. So much room for more venting before workday starts, around Monday. One thing's for certain, you all have the biggest egos and are the most secretative bunch that i have ever seen, however. It surprises me, that you all are so quick to react. About how much skill you have and about others complaining.

To the topic start, again. Keep topics like this coming, the attention is priceless! Nice topic.

Are brokers out to get YOU? .. no that is being paranoid, they are not targetting you as an individual, but you better believe they hunt stop clusters, most definitely, and why wouldn't they, it makes good sense. Besides the big boys do the same thing, if they have bought a whole bunch of a currency and are looking to sell it to cash in, where do you think they are going to find the liquidity to do that, not necessarily where there are true sellers, how will they know where they are? .... but they can hazard a fair guess where there are a bunch of buyers will sell orders, i.e. stops ... find the nearest support level and you'll find plenty of stops.

In terms of widening spreads at news times and poor execution, it makes good business sense, simple as that, they are after all a business at the end of the day.

... oh and if you want another good write-up on this topic .. have a squiz here : http://tradesight.com/wordpress/?p=46

Can I provide some perspective. Up until only a few years ago if you wanted live FX prices piped into your home it would cost about $2,000 a month through the likes of Reuters/Telerate/KnightRidder etc and now through the brokers we get this for free. Furthermore, charting and trading facilities would cost more on top. Internet brokers have made all this possible and have opened the previously closed world of institutional FX trading to everyone. Prior to the late nineties the services we now take for granted was the stuff the likes of us could only dream of. In the late nineties spreads on the usdchf, usdmk, usdjpy were between 5 and 10 pips, due to the competition introduced by internet brokers we now enjoy 2 and 3 pip spreads.

In a typical week I trade several million dollars a week real money and whether in the early days trading small amounts or now I have been treated ABSOLUTELY fairly by the brokers. In fact on a reasonable percentage of trades I actually receive positive slip (slip in my favour) so why do this occur if my broker wants to rip me off ? They are offering a great service, and I genuinely believe they attempt to be fair at all times. They are in a competitive business and know that if they are perceived to be unfair we the clients will go elsewhere.

Therefore I feel very grateful for the service offered by the brokers and as they have offered us all the opportunity to enter this exciting world of FX trading, I feel a strong sense of injustice when I see posts that contradict my own experiences.

Which broker do you use? You can PM me.
Thanks

obviously lol..they want money for them self..

i think it depends to which broker you work with

True, brokers don't want you to win.