Brokers never cheat! | Forex Factory

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Brokers never cheat!

  • #1
  • First Post: Nov 19, 2006 4:00am Nov 19, 2006 4:00am
Well that's actually the truth, wether you like it or not, they actually never cheat. When a stop hunt, a price not filled occurs, a slippage, a freeze etc... it's actually because of the market conditions wether you like it or not. What ever situation occured to you, and it occured to me many times, and many times i spat on my diverse brokers, and changed many times, to realize that it was actually like this!

All that kind of problems mainly occure during the major news, don't they ? ( read the post of darkstar concerning the brokers, it's really good and explains how the forex market really works etc... )

As in trading the news you are actually trying to screw the broker, the brokers often will try to screw you to. ( I d like to trade the news... just click and get as much money as you want... would be great )

Finally instead of always complaining about a broker that is fucking your arse, try to find a good one with good liquidity, avoid the news as much as possible to avoid these kind of problems, like slipping and stuff... you can find good broker information on that site http://www.cftc.gov/files/tm/fcm/tmfcmdata0609.pdf

I may be wrong, but since i gave up trading the news, i never had any problems with my new broker.

Happy trading
  • #2
  • Nov 19, 2006 5:07am Nov 19, 2006 5:07am
Do you work for a broker? :surprised
Get real, man. I don't know how long you have been trading the forex but if you are a trader, I think somewhere down the line you will finally get a reality check about what are really retail forex brokers. Because right now, you just have got no idea. And I wish you lots of luck because you will need it.
  • #3
  • Nov 19, 2006 8:03am Nov 19, 2006 8:03am
Quoting biwy
Well that's actually the truth, wether you like it or not, they actually never cheat. When a stop hunt, a price not filled occurs, a slippage, a freeze etc... it's actually because of the market conditions wether you like it or not. What ever situation occured to you, and it occured to me many times, and many times i spat on my diverse brokers, and changed many times, to realize that it was actually like this!

All that kind of problems mainly occure during the major news, don't they ? ( read the post of darkstar concerning the brokers, it's really good and explains how the forex market really works etc... )

As in trading the news you are actually trying to screw the broker, the brokers often will try to screw you to. ( I d like to trade the news... just click and get as much money as you want... would be great )

Finally instead of always complaining about a broker that is fucking your arse, try to find a good one with good liquidity, avoid the news as much as possible to avoid these kind of problems, like slipping and stuff... you can find good broker information on that site http://www.cftc.gov/files/tm/fcm/tmfcmdata0609.pdf

I may be wrong, but since i gave up trading the news, i never had any problems with my new broker.

Happy trading
i wish it was that simple.
If I Go Broke Trying Then I Will die happy.
  • #4
  • Last Post: Nov 19, 2006 10:16am Nov 19, 2006 10:16am
Quoting PipStar
Do you work for a broker? :surprised
Get real, man. I don't know how long you have been trading the forex but if you are a trader, I think somewhere down the line you will finally get a reality check about what are really retail forex brokers. Because right now, you just have got no idea. And I wish you lots of luck because you will need it.
lol i dont work for a broker, and you are right if you don't choose well your broker he will fuck you in the arse. I have been trading forex for 1 year, I am 23, a trader, and i get reallity pay check every month down the line =).

Of course i agree with you, about retail traders, but it doesnt mean they are all crap! I mean you see so many complaints about my broker cheated me, my broker slipped me and blablabla... Instead of this, it would be nice to show the way not to give opportunities to your broker to fuck you up the arse profoundly!

About brokers, it's true that untill recently I had no Idea, but i have been reading quite a bit. I am far from knowing every thing and I wouldnt pretend such a thing. But you seem to me like someone who knows a lot. I wish you could give me a little more about where or how to know how a broker really works.

I am still young on that forum ( and in real life !!!) , but I read a really good thread about brokers http://www.forexfactory.com/forexfor...ead.php?t=7484 (the whole thread is really interesting for those who are not already cracks in how does a broker really works) which actually brought me a lot. I thinks also that http://www.cftc.gov/files/tm/fcm/tmfcmdata0609.pdf that page gives you good information about your brokers capital requirements and net capital.

Finally many traders will agree that trading isnt about luck at all, at least that's for me...

happy trading and learning to every newbie =)
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