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Originally Posted by Ray G
I posted directly to the reply I saw in my email box and didn't see these other posts.
If what this MBA friend said is true, it would be a very hectic business trying to match all of those failed trades to the new, broker entered trade wherein they would pick up their 20 pips or so.
So let's assume the worst case scenario here and conclude that the brokers are doing this (even if they're not - it's better to have our guard up anyway).
What do we do about it? If it were illegal, some political wannabe like Spitzer would have already jumped on the practice for their own reasons.
So we don't use broker initiated training and we trade as short term as possible without coming on to the broker's radar screen.
what time frame would that be? I think probably anything more than 10 minutes a trade. Any other suggestions?
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I do not think it is illegal if they do that,.... i just want to make sure if it is really true that it will be in the broker's benefit for the client to lose money
then we should never listen to there trainings,..and we try to stay away from there radar like you say,..because there is nothing we can do about it...but worse,we should expect some nifty tricks in the software to make us lose money ? that would be terrible
so far all pplatforms i have seen i do not like,..the only one i think looks decent is the DealBook FX-2 and u wait till some major announcement is on,..u will lose big money due to chunks of data they send to delay any order you put at the time and excute it too late after the run and watch u lose your account on the retracement,...been there
.. and cannot even send them a complaint about it,...but we just need to make sure there is a clean decent company that does not do that to its clients,..even if it wins from there losses,..we can always stay away from there trainings and manuals
the rule of casinos comes to mind
the house always wins,.. maybe this is why only 5% makes money on this market,i am started to doubt if an honest trader like most of us can make money out of this market ?