Hello fellow traders,
If you've been around FF long or just been trading Forex in general, you've probably heard a lot of statements of "fact" made that may or may not make sense.
I thought it might be interesting to start a trend to discuss some of these and determine whether they're more fact or myth.
Anyone can bring one up and we welcome your comments on any.
Here's one to get started...
"Brokers see your stoploss and hunt it"
My thoughts - so apparently some feel that when you set your stoploss on MT4 or wherever, that your broker will see that on your platform and go get it. My problem with this is how can a broker manipulate a whole market. If they go get my stoploss that I place just below a round number, that price will be reflected in the whole market. I just don't see how that's possible.
Now I can see how the market in general, and by that I mean the big boys who can actually move the market, could go get stoplosses at a common level, but no way would they care or know about my measly little trading.
Your thoughts?
If you've been around FF long or just been trading Forex in general, you've probably heard a lot of statements of "fact" made that may or may not make sense.
I thought it might be interesting to start a trend to discuss some of these and determine whether they're more fact or myth.
Anyone can bring one up and we welcome your comments on any.
Here's one to get started...
"Brokers see your stoploss and hunt it"
My thoughts - so apparently some feel that when you set your stoploss on MT4 or wherever, that your broker will see that on your platform and go get it. My problem with this is how can a broker manipulate a whole market. If they go get my stoploss that I place just below a round number, that price will be reflected in the whole market. I just don't see how that's possible.
Now I can see how the market in general, and by that I mean the big boys who can actually move the market, could go get stoplosses at a common level, but no way would they care or know about my measly little trading.
Your thoughts?