I was thinking that someone who believes that they were a victim of price manipulation could contrast their charts with someone else's chart (from the same broker, of course.)
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DislikedI was thinking that someone who believes that they were a victim of price manipulation could contrast their charts with someone else's chart (from the same broker, of course.)Ignored
DislikedPersonally, I like things the way they are, because I am a stop hunter also. without dealers, where would I find the good stuff in low liquidity times? LOLIgnored
DislikedWell, without getting into semantics, I was just wondering if anyone can prove, via charts, how their prices were manipulated by their broker. It wouldn't be hard for someone to post up a chart and have another person post up a contrasting chart from the same broker, would it? Or maybe I am just totally misunderstanding people's accusations.....Ignored
DislikedCan you elaborate with that price chart? I'm not trying to be a smart-ass or anything like that...but what does that chart prove? What should I be looking for in it? I don't get it....Ignored
DislikedI also got to thinking....
If I had a Forex brokerage house....and I was in competition with dozens of other Forex brokers...wouldn't I want my clients to succeed so that I could earn more profits in the long term? Wouldn't it make more business sense to retain clients and continually gain new ones...as opposed to constantly losing clients (because their accounts were wiped out) and then having to worry about finding fresh new ones?
Also, how many times has a new Forex trader, with some super tight stop loss, blamed his broker because he got stopped out for having a 25 pip stop loss on some pair like the GBP/JPY?Ignored
DislikedFor me to believe that there is no broker fraud is for me to believe that all brokers are equal. Of course I don't believe that.
But....
There are all these claims of broker fraud, but little (if any) solid evidence to back them up. Not to mention the fact that most of these individuals, who claim to have been defrauded of tens of thousands of dollars, never once felt compelled to file a complaint with the NFA.Ignored
DislikedThere are all these claims of broker fraud, but little (if any) solid evidence to back them up. Not to mention the fact that most of these individuals, who claim to have been defrauded of tens of thousands of dollars, never once felt compelled to file a complaint with the NFA.Ignored
DislikedLook...the purpose of this thread is to prove broker fraud, it's not to debate with me whether or not broker's defraud or not. Either you have proof or you don't.Ignored
Dislikedsmjones, I trully appreciate you trying to assist me in this matter, but I'm still trying to understand how exactly a broker would rip someone off and get away with it without any shred of evidence. I am really not trying to challenge you here, but rather I'm trying to get more clarity on this issue. When people talk of price manipulation is that for all of the broker's clients? Or is it manipulation tailored to each client? If it is manipulation tailored to each order, then clearly the manipulation would be shown in a contrasting chart from the same broker. And if the manipulation is for all of the broker's clients, then the broker's charts should be so far off from other Forex charts that the corruption should be self-evident. (I believe someone did this with Crown Forex once, but Crown Forex was widely known to be a bucket job.)
I recently got a friend into Forex, and he rushed into the market with money. Naturally, he made all the obvious greedy-newbie mistakes and wiped his account out in no time. Later on, I then mentioned to him that some Forex traders believe that brokers somehow cheat, and he was convinced that he was cheated also (he didn't think that risking 40% of his balance on one trade was a bad thing.) So that got me to thinking on the issue of broker-cheating: How much of it is TRUTH, and how much of it is simply SOUR GRAPES?Ignored
Dislikedthis is so true, traders loose money and think some how it wasn't there fault then they start to blame the broker.Ignored