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Originally Posted by GB
I like the original strategy as discussed by hedg4x. Problem is: How long is it going to take the broker to see that you are only trading the GBP/JPY? How long before the broker picks up your trading pattern? ( Doing the same kind of trade everytime you enter the market).How long before the broker notice that you are topping the account up? ( You have to do it every now then because you cannot win all your deals at one broker). Here is something more negative towards this aspect af trading: All brokers gaurantee their clients privacy but what if all brokers share a common database of their clients to see if clients have accounts at more than one broker. If this is true they can easily share information therefore track your moves down. The reason i say this is on Wikipedia i saw a forex article on "arbitrage" how easily brokers identify those who are doing it. It is said that brokers know how to "deal" with those traders.
I am not negative. I think one should just get all the facts before jumping into it.
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The only problem with this strategy is being so obvious
the "interest free" (if it existed a safe one) broker will be constantly loosing money. He can easily monitor your positions see that you are short high yeilding currencies.
What happens if the "interest free broker" decides to close your short position (system failure) when the curr. is going down ?