this whole forex trading thing started for one thing only: EXPLOITATION OF CURRENCY for a PROFIT!
Now the problem is this, brokers made this exploitation available to us with the help of leverage and a market to trade in.
they charge a "spread" and sometimes swap to make a profit while we trade through their services.
SO WHY IS IT THAT::::
1. Brokers are complaining that scalpers are making them broke
2. brokers are complaining that news traders are making them broke -er
3. Brokers are saying that latency scalpers are making them poor.
what i want to know is this...
1. Why trade forex if U dont intend to EXPLOIT?
2. why is it that when we finally find a way to win, the brokers are saying we violated section 32 of whatever rules. by exploiting such, and such
3. Why are bucket shops still around if they DONT always hedge their clients positions?
what are the Bucket shop brokers doing about it?
1. Closing people accounts
2. Widening spread
3. Not letting u in on a good fill.
now, as far as a good fill goes, i know that the REAL market it is even more difficult....but why are the market makers faking prices based on news reports?
They say 90% of traders end up losing...that's why bucket shops dont hedge...they are using statistics to their benefit
Now the problem is this, brokers made this exploitation available to us with the help of leverage and a market to trade in.
they charge a "spread" and sometimes swap to make a profit while we trade through their services.
SO WHY IS IT THAT::::
1. Brokers are complaining that scalpers are making them broke
2. brokers are complaining that news traders are making them broke -er
3. Brokers are saying that latency scalpers are making them poor.
what i want to know is this...
1. Why trade forex if U dont intend to EXPLOIT?
2. why is it that when we finally find a way to win, the brokers are saying we violated section 32 of whatever rules. by exploiting such, and such
3. Why are bucket shops still around if they DONT always hedge their clients positions?
what are the Bucket shop brokers doing about it?
1. Closing people accounts
2. Widening spread
3. Not letting u in on a good fill.
now, as far as a good fill goes, i know that the REAL market it is even more difficult....but why are the market makers faking prices based on news reports?
They say 90% of traders end up losing...that's why bucket shops dont hedge...they are using statistics to their benefit
100% of traders are losers. Just that some win more than they lose!