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Catalonia · 12-06-2005, 06:25

Hi!!

I think we all like to feel "important". I mean, we all like to think: "brokers are against our trades, they make us lose, they chase our stops, they wanna kill us" and so on.

The fact is that brokers do not care much about our accounts except when "something happens".

Statistically, they know for sure that 95-98% of us will lose all our money sooner than later. As simple as that.

So, they take our trades on their own books. They do not send our trades through banks. They are confident, they know we will lose.

The smaller the account size, the better. For them, of course.

When they see one of us making money in a sustained manner, they do not take the risk and they send our trades through banks. If that is an annoyance for them, they could tell us to quit.

Things tend to be easier than we think. When a broker has an account funded with $500,000, he will give the owner a better spread and he will not take the risk. He will send him through bank. But when a broker has an account funded with $1,000, he will say to himself " a 1,000 dollar net profit + spreads".

By the way, if you had an account with $500,000, you'd not be trading with retail brokers nor reading-writing Moneytec threads.

12-06-2005, 06:25	#51 (permalink)
Catalonia level 3 Join Date: Nov 2003 Posts: 473 Rep Power: 0	Re: Scalping Strategy Hi!! I think we all like to feel "important". I mean, we all like to think: "brokers are against our trades, they make us lose, they chase our stops, they wanna kill us" and so on. The fact is that brokers do not care much about our accounts except when "something happens". Statistically, they know for sure that 95-98% of us will lose all our money sooner than later. As simple as that. So, they take our trades on their own books. They do not send our trades through banks. They are confident, they know we will lose. The smaller the account size, the better. For them, of course. When they see one of us making money in a sustained manner, they do not take the risk and they send our trades through banks. If that is an annoyance for them, they could tell us to quit. Things tend to be easier than we think. When a broker has an account funded with $500,000, he will give the owner a better spread and he will not take the risk. He will send him through bank. But when a broker has an account funded with $1,000, he will say to himself " a 1,000 dollar net profit + spreads". By the way, if you had an account with $500,000, you'd not be trading with retail brokers nor reading-writing Moneytec threads.