MoneyTec Traders Community Forum - View Single Post - Forex as a system... Who benefits? What internal rules exist in FX?

MacDFx · 03-11-2005, 15:49

All you need to succeed in FX is "hidden in plain view". The only part of the market, from a consumer standpoint, that may be "rigged" is when a broker does not provide:

a. timely execution or posting of your order
b. spikes prices to trigger stop losses (after trolling your own orders to determine same)
c. spreads that are out-of-touch with the current market (5 pip spreads on the majors should be banned) [img]images/smilies/tongue.gif[/img]
d. places your account on "manual execution" because of your successful trading style

It does make you wonder that, given the sheer size of the FX market, and its inherent liquidity, why any broker (IB or market-maker) would even have to stoop to playing such games in order to survive.

03-11-2005, 15:49	#7
MacDFx level 1 Join Date: Nov 2005 Posts: 68 Downloads: 0 Uploads: 0 Rep Power: 3	Re: Forex as a system... Who benefits? What internal rules exist in FX? All you need to succeed in FX is "hidden in plain view". The only part of the market, from a consumer standpoint, that may be "rigged" is when a broker does not provide: a. timely execution or posting of your order b. spikes prices to trigger stop losses (after trolling your own orders to determine same) c. spreads that are out-of-touch with the current market (5 pip spreads on the majors should be banned) [img]images/smilies/tongue.gif[/img] d. places your account on "manual execution" because of your successful trading style It does make you wonder that, given the sheer size of the FX market, and its inherent liquidity, why any broker (IB or market-maker) would even have to stoop to playing such games in order to survive.