I read briefly last week somewhere (can't remember where) how an individual reckons a broker can work against a trader if they appear to be earning too much money...............is this possible?
Why do indicators not work/work? Why is Forex not truly random? 129 replies
How does a broker work? How can he pay me the money? 19 replies
Do you really think a broker will let you get away with that? 4 replies
DislikedI read briefly last week somewhere (can't remember where) how an individual reckons a broker can work against a trader if they appear to be earning too much money...............is this possible?Ignored
DislikedI've always had a lot of trouble with that proposition. I can understand where a fly-by-night operation working as a market maker could do that for some quick profits from their clients but as a sustained business practice? It doesn't make any sense.
Say you have a trader with $10,000 in funds who trades three times a day. Each time the trader trades, the broker can make let's say...oh I dunno...5 dollars. That's 15 dollars per trading day. At three trades a month and about 20 trading days in the month, that's $300 a month that a broker...Ignored
DislikedThe more equity a broker's client base can build, the more in fees the broker can collect.Ignored
DislikedThis is EXACTLY what they want you to believe!
In reality, Forex brokers rely on a constant supply of "fresh meat" (err....I mean new customers) to stay in business.
Don't forget, 90% of traders lose money in less than 3 to 6 months and simply disappear from the trading arena, so they need new "victims" to stay in business.Ignored
DislikedI make enough money just day-trading the Forex market thank you.Ignored
DislikedI read briefly last week somewhere (can't remember where) how an individual reckons a broker can work against a trader if they appear to be earning too much money...............is this possible?Ignored
Dislikedif a broker worked against his client you wouldnt have a brokerIgnored
DislikedAnyway, and once again, I am not selling anything in this forum, the website (see previous post) is for informational purpose only, no direct order link of any kind is ever mentioned in the video or anywhere else.Ignored
DislikedHere is another clever forex trick. As you know, Forex brokers now publish the success rate of their customers. For example FX broker ABC would say :
On the first quarter of 2010 35% of our customers made money.
On the second quarter 33% made money, etc...
These numbers seem rather impressive, but of course what they do NOT tell you is that on the second quarter of 2010, those traders who made 35% during the last quarter are now flat broke and have disappeared from the radar and that a new batch of "fresh meat" took over.
This is why they need...Ignored
DislikedIs that so?
Take a look at this video and you will see how Forex brokers can steal from their customers on a daily basis. I am not saying that they are ALL dishonest but just watch what they can do to your Forex account...
http://forexsocialmedia.com/home/soc...r+Manager.htmlIgnored