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Risk & Money Management Take control with stop and limit orders, and knowing your risk/reward.

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Old 11-07-09, 05:49 PM
boom1 boom1 is offline
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Default So is this True?

Do you have the feeling that your broker is cheating you and making it difficult to make any money?

Are you seeing random widening of the spread near or at your stoploss orders causing your trades to be closed out with a loss?

These are dirty tricks that brokers use to put more money in their pockets. I have learned that brokers can press one button to move the spread 5 pips, 10 pips or even more. This is a feature that most broker platforms come with!

The reason they do this is because when you place a buy, then will take the other side of your trade by selling (and vise verse). This means if you loose on your trade, then they win on their trade.

Now you can see why they are so anxious for your stoploss to get hit and are willing to move the price against you.
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Old 12-06-09, 10:18 PM
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fxprofits fxprofits is offline
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Default Re: So is this True?

Best is to trade with a real ECN broker who dont play against the client.

Then all is fine.
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Old 05-23-10, 09:28 AM
FxBanker FxBanker is offline
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Default Re: So is this True?

Unfortunately some brokers use dirty tricks.
Trader must choose broker that hedges all positions in the interbank and don't uses dealing desk.
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