Well, I've been working my butt off as an engineer and landlord these past years, and still have high hopes and big dreams.
Plan A: win the lottery.
Plan B: keep working.
So far the only way I've made any money is working. I'd still like to change that. (Not that trading isn't work.)
Recently I met a young fellow, a professional trader. We met through my church so trust came faster than normal. He has opened up his own MT4 brokerage and I went ahead and opened an account.
Wow, has he ever enlightened me.
If you ever felt like the market was truly rigged, just against you, you're probably right. Price movements that totally F you, and you say, "no, it's coincidence, the market moves with all the other traders action, and I was just very wrong".... It's more likely that you're wrong to think that.
The MT4 platform can be set up by the broker with all sorts of tweaks. The price you see doesn't have to be the interbank market price, for starters. Remember, on your screen are just colored dots ultimately created by a computer somewhere that belongs to, and was to a great degree, programmed by, someone who wants your money.
For example, slippage works both ways. Yeah. Ever put in an order and get a price 20 pips better than what you expected? Me neither. It happens, though. Where did those pips go? You guessed it. The broker can program MT4 to give you a pip, or two, or a half, and take the rest. Or take it all.
Granny, why is price sometimes different between brokers? The better to eat you with, my dears.
Anyway this guy isn't going to do any of that. If your stop gets hit, it really was the market, not a price tweak on your screen only. This way you're trading against the market, not your broker! No trading desk, orders go to the liquidity providers. It is a firm by a trader, for traders.
I don't know the rules on spamming here, so I'm not mentioning the name of the broker until I get some sort of OK.
It's just that I still clearly remember the frustration and would like everyone to have a fair chance for success.
Plan A: win the lottery.
Plan B: keep working.
So far the only way I've made any money is working. I'd still like to change that. (Not that trading isn't work.)
Recently I met a young fellow, a professional trader. We met through my church so trust came faster than normal. He has opened up his own MT4 brokerage and I went ahead and opened an account.
Wow, has he ever enlightened me.
If you ever felt like the market was truly rigged, just against you, you're probably right. Price movements that totally F you, and you say, "no, it's coincidence, the market moves with all the other traders action, and I was just very wrong".... It's more likely that you're wrong to think that.
The MT4 platform can be set up by the broker with all sorts of tweaks. The price you see doesn't have to be the interbank market price, for starters. Remember, on your screen are just colored dots ultimately created by a computer somewhere that belongs to, and was to a great degree, programmed by, someone who wants your money.
For example, slippage works both ways. Yeah. Ever put in an order and get a price 20 pips better than what you expected? Me neither. It happens, though. Where did those pips go? You guessed it. The broker can program MT4 to give you a pip, or two, or a half, and take the rest. Or take it all.
Granny, why is price sometimes different between brokers? The better to eat you with, my dears.
Anyway this guy isn't going to do any of that. If your stop gets hit, it really was the market, not a price tweak on your screen only. This way you're trading against the market, not your broker! No trading desk, orders go to the liquidity providers. It is a firm by a trader, for traders.
I don't know the rules on spamming here, so I'm not mentioning the name of the broker until I get some sort of OK.
It's just that I still clearly remember the frustration and would like everyone to have a fair chance for success.