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Old 02-07-2003, 09:48   #8
ifsclusa
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What you were seeing is how many of these "Market Makers" make there money. There truely is no regulations for Forex and that is why they can "lean" on you. That is why you must be leary of tight prices with no commissions. Every broker out there is there to make Money, the question you have to ask yourself is how. If you cover all of your clients positions and scratch on the way in, then they are looking to make money from you on the way out or if they "bucket" they want you to lose. You hope that you are dealing with a reputable company, but unfortunately many are not. Some brokers have their system specifically designed to give different clients different markets, and you will never see this on a demo. If you are working a stop it will always hit it, if you are working a limit it will need to be well through it to get filled. When you are scalping a 3-wide market becomes 7-10 wide. I have been in this business for a while and I hope that business of this type goes away, there are ways for a broker to make money without hurting their clients. If you have any other queries feel free to e-mail me knelligan@ifsclusa.com
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