Making Too Much Money with a Broker? | Forex Factory

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Making Too Much Money with a Broker?

  • #1
  • First Post: Oct 6, 2011 9:20am Oct 6, 2011 9:20am
Just wondering, how does a broker reacts if someone starts making too much money consistently on a dealing-desk? For example, 50% return every month for 6~12 months straight? Do they play any tricks so that the customer lose money?

What if it's an ECN broker? Do they care? Are they likely to monitor the customer?

I'm just curious to know and the questions are only hypothetical.
  • #2
  • Oct 6, 2011 9:47am Oct 6, 2011 9:47am
Quoting fr600
Just wondering, how does a broker reacts if someone starts making too much money consistently on a dealing-desk? For example, 50% return every month for 6~12 months straight? Do they play any tricks so that the customer lose money?

What if it's an ECN broker? Do they care? Are they likely to monitor the customer?

I'm just curious to know and the questions are only hypothetical.
do you consider yourself making a lot of money?
if yes, good job

perhaps its time to change to a more 'pro' broker like GFT, Citipro, etc.
Have I got something on my face, SOLDIER?
  • #3
  • Oct 6, 2011 10:05am Oct 6, 2011 10:05am
Quoting bumapatria
do you consider yourself making a lot of money?
if yes, good job

perhaps its time to change to a more 'pro' broker like GFT, Citipro, etc.

Not really, I lose more money than I make.
  • #4
  • Oct 6, 2011 11:20am Oct 6, 2011 11:20am
Quoting fr600
Not really, I lose more money than I make.
in that case do not bother,unless u come in that elite group who makes too much money,and dont lose it
Trade responsiblypatience is the key/Swing trader
  • #5
  • Oct 6, 2011 11:58am Oct 6, 2011 11:58am
Quoting Incrediblle
in that case do not bother,unless u come in that elite group who makes too much money,and dont lose it

I'd still like to know where the elite group trades.
  • #6
  • Oct 6, 2011 10:14pm Oct 6, 2011 10:14pm
what happens if you ask a casino manager this question? try it, usually they will start laughing uncontrollably.

Trust me, a forex broker would have the same response.
  • #7
  • Oct 7, 2011 1:51am Oct 7, 2011 1:51am
Quoting Hedge212
what happens if you ask a casino manager this question? try it, usually they will start laughing uncontrollably.

Trust me, a forex broker would have the same response.

It doesn't answer the question. But it does imply the question is stupid.

Well, if it's that stupid, you should know the answer. But I don't see you answering the question.
  • #8
  • Oct 7, 2011 2:03am Oct 7, 2011 2:03am
Casino operators can't 'hedge' their risks with a market or an outside liquidity pool.

What you're looking for is a br0ker who does. STP, ECN whatever it is, so that you're taking money from the market, not from the trade clearer.
  • #9
  • Oct 7, 2011 5:21am Oct 7, 2011 5:21am
Quoting fr600
It doesn't answer the question. But it does imply the question is stupid.

Well, if it's that stupid, you should know the answer. But I don't see you answering the question.
remember the part in the movie casino where he shows what they do if someone does win, well thats what brokers do if you win in most cases, instead of telling you engine problems they tell you connection problems and 5000 other tricks

educate yourself

watch this "http://www.youtube.com/watch?v=4_9BBlc6zqA&feature=player_detailpage#t=1103s"

copy and paste data between quotes, they didnt allow movie embedds
  • #10
  • Oct 7, 2011 8:25am Oct 7, 2011 8:25am
this kind of issue is for winners to worry, not losers like you, fr600.

and yes, i am picking a fight, because i am moody.

oanda playing dirty, and i lost a lot. not because i sucks, because :
1. platform freeze
2. cant login, password wrong
3. cant send orders
4. trade deleted
5. miss TP
  • #11
  • Oct 8, 2011 6:00am Oct 8, 2011 6:00am
Quoting fr600
Just wondering, how does a broker reacts if someone starts making too much money consistently on a dealing-desk? For example, 50% return every month for 6~12 months straight? Do they play any tricks so that the customer lose money?

What if it's an ECN broker? Do they care? Are they likely to monitor the customer?

I'm just curious to know and the questions are only hypothetical.
You will know when that time comes
  • #12
  • Oct 8, 2011 6:35am Oct 8, 2011 6:35am
Quoting john123x
this kind of issue is for winners to worry, not losers like you, fr600.

and yes, i am picking a fight, because i am moody.

oanda playing dirty, and i lost a lot. not because i sucks, because :
1. platform freeze
2. cant login, password wrong
3. cant send orders
4. trade deleted
5. miss TP

No one gives a sh*t whether you are moody or not. You may have insulted me but that's all right. Knowlingly or unknowingly, you have answered some of my questions.

FYI, few people speaks truthfully when it comes to speaking about how much money someone has or makes. Am I one of them? I'm not going to say and I believe there's no way to find that out.

Also, I don't trade professionally. I trade for fun since I like it. I'm a researcher and I research various markets. Again, am I speaking the truth? I guess you'll never find it out.

As far as the fight is concerned, I really don't care. I like to get my work done peacefully.
  • #13
  • Oct 8, 2011 3:27pm Oct 8, 2011 3:27pm
Interactive Brokers.
  • #14
  • Oct 9, 2011 7:12pm Oct 9, 2011 7:12pm
Quoting fr600
Just wondering, how does a broker reacts if someone starts making too much money consistently on a dealing-desk? For example, 50% return every month for 6~12 months straight? Do they play any tricks so that the customer lose money?

What if it's an ECN broker? Do they care? Are they likely to monitor the customer?

I'm just curious to know and the questions are only hypothetical.

#1. When you consistently make money, "Dealing Desk" brokers (aka bucket shop) can and will start playing games on you such as delayed execution, huge slippage, and could even throw in "we detected anomalous trading on some of your positions and are investigating it" which implies they will remove some big profitable trades. And yes, it happened to me several times. When that happens GET OUT.

#2. This is why there is a growing demand by traders for true ECN or Non-Dealing Desk or whatever they wanna call it to make it appear they are "clean". But to be answer this part, in my experience of a real ECN, trade with MBT; there are some more legit ECN brokers out there but I dont have that list - just MBT.
  • #15
  • Last Post: Oct 10, 2011 12:31am Oct 10, 2011 12:31am
Quoting BurgerKing
#1. When you consistently make money, "Dealing Desk" brokers (aka bucket shop) can and will start playing games on you such as delayed execution, huge slippage, and could even throw in "we detected anomalous trading on some of your positions and are investigating it" which implies they will remove some big profitable trades. And yes, it happened to me several times. When that happens GET OUT.

#2. This is why there is a growing demand by traders for true ECN or Non-Dealing Desk or whatever they wanna call it to make it appear...

Thank you so much BurgerKing. That's everything I wanted to know. Some of you guys are real nice people and some are just the opposite.
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