Brokers claim they like you (client) to make money.
I dont believe this one bit!
1. On ECN brokers, traders are pitted against traders and brokers make money through commission. So If one trader wins, the other loses. How can broker like both winners and losers at the same time? In this case, brokers are apathetic to our trades... Its all business. they are happy only when we trade regardless we make or lose money.
2. On Market Makers, traders trade against each other and sometimes, brokers take our trade directly. Naturally, they want us to lose! How can broker like winner traders at their expense?
So whenever brokers say "We want you to make money" dont believe em.
I dont believe this one bit!
1. On ECN brokers, traders are pitted against traders and brokers make money through commission. So If one trader wins, the other loses. How can broker like both winners and losers at the same time? In this case, brokers are apathetic to our trades... Its all business. they are happy only when we trade regardless we make or lose money.
2. On Market Makers, traders trade against each other and sometimes, brokers take our trade directly. Naturally, they want us to lose! How can broker like winner traders at their expense?
So whenever brokers say "We want you to make money" dont believe em.