alice
Senior Member
Posts:1287
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| 02 Jun 2009 06:35 PM |
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Studies Proved that more than 23%
of forex traders are loosing their forex investment because of their
brokers bad reactions " Broker is not a bank". Forex scamming is not
necessary money stealing , it is kind of lossing your money for
brokers legally .. !!.
Currency exchange is very risky
and forex trading online rols is not a game and you could losse all
what you have. So finding the best forex broker is very important step.
there's a several step to check broker cold be a scam broker or a good one, read more at : http://www.bsbcenter.com/
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farizu
Forum Moderator
Senior Member
Posts:3193
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| 12 Jun 2009 06:25 PM |
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yep, slippage and stop loss hunting are two favorite games for brokers to steal your money legally... |
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allangenex
Senior Member
Posts:4202
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| 12 Jun 2009 10:32 PM |
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I experienced this during one of my demo trade 2 days ago in gallantfx during the news of US unemployment data. I thought i close in profits but ended up in losses. Distressing indeed... |
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farizu
Forum Moderator
Senior Member
Posts:3193
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| 13 Jun 2009 04:00 PM |
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Posted By allangenex on 12 Jun 2009 10:32 PM
I experienced this during one of my demo trade 2 days ago in gallantfx during the news of US unemployment data. I thought i close in profits but ended up in losses. Distressing indeed... Actually this is a very good observation, it is news times that gives brokers the best cover to implement these activities without getting caught. |
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allangenex
Senior Member
Posts:4202
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| 14 Jun 2009 04:10 AM |
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Posted By farizu on 13 Jun 2009 04:00 PM
Posted By allangenex on 12 Jun 2009 10:32 PM
I experienced this during one of my demo trade 2 days ago in gallantfx during the news of US unemployment data. I thought i close in profits but ended up in losses. Distressing indeed...
Actually this is a very good observation, it is news times that gives brokers the best cover to implement these activities without getting caught.
And also due to this experience, i am still having 2 orders not yet close and they are in loss now. Waiting for a possible retracement to save it and of course stop loss has been put in place just in case it went against me further. |
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alice
Senior Member
Posts:1287
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| 18 Jun 2009 12:30 AM |
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based what i've heard from some friends (CS at international broker), some server designed with some script/sofware to add some delay when execute an order especially when we try to close order, but they absolutely will say "it's depend on your connection sir" . zzzzzz |
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MJ
Staff
Veteran Member
Posts:347
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| 18 Jun 2009 02:44 AM |
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Hi Guys,
We have a free video here on the site:
"Tools" menu > "Free Videos" > "Broker Education Webinar"
that you may find informative. It covers may of the topics discussed here.
mj
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dongini
Veteran Member
Posts:727
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| 19 Jun 2009 06:07 AM |
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forex is a zero sum game so the brokers the data and software they provide to skewer the market against their clients ,they are have the advantage. |
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michaelfx
Senior Member
Posts:2528
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| 19 Jun 2009 08:04 AM |
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forex is a zero sum game so the brokers the data and software they provide to skewer the market against their clients ,they are have the advantage. yea but i think its best to just see what postives we can gather from this |
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TRADE WITHOUT LIMITS
https://www.exness.com/a/13141
http://www.acextra.com |
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farizu
Forum Moderator
Senior Member
Posts:3193
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| 19 Jun 2009 08:07 PM |
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I am wondering whether performance on demo accounts is any indication of their performance on live accounts. So if demo good then live good, and if not then live too will not be good.
Anyone with any experience of this? |
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allangenex
Senior Member
Posts:4202
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| 19 Jun 2009 08:52 PM |
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I do not have experience with my current broker whether trading demo or live. The process latency time is about the same though it was observed that demo seems to be fast in executing trades orders than live. I am not sure about the rest. |
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alice
Senior Member
Posts:1287
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| 20 Jun 2009 05:53 PM |
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not same at all. but latncy always the same, there's several broker which latency increased at rush hour (news period), some adding some lag when trading executed (onfirmation at open,close), for example inta forex adding extra notification (confirmation) when we try to close some ative orders (i experience it when try tio close active order which not reach TP), and at insta per lot value, demo is more higher than live forex. |
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farizu
Forum Moderator
Senior Member
Posts:3193
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| 20 Jun 2009 06:24 PM |
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Posted By alice on 20 Jun 2009 05:53 PM
not same at all. but latncy always the same, there's several broker which latency increased at rush hour (news period), some adding some lag when trading executed (onfirmation at open,close), for example inta forex adding extra notification (confirmation) when we try to close some ative orders (i experience it when try tio close active order which not reach TP), and at insta per lot value, demo is more higher than live forex. I can't stand requotes, always happens to me when trying to close with small profit, at times as many as 5 reqoutes and by then the trade is at a loss... |
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allangenex
Senior Member
Posts:4202
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| 21 Jun 2009 10:59 AM |
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Ya same here. ... It always happens whenever there is big news... I got more than 5 requotes during these periods... I ended given up on news trade. |
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dongini
Veteran Member
Posts:727
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| 22 Jun 2009 09:56 AM |
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when the brokers re busy trading against u , they tend to give themselves advantages like requotes, poorly executed orders stop loss hunting. |
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allangenex
Senior Member
Posts:4202
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| 22 Jun 2009 11:10 AM |
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Ya agreed.. so in order not to compete with them, don't trade during those busy period. |
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dongini
Veteran Member
Posts:727
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| 22 Jun 2009 11:14 AM |
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if u dont trade during the busy hours when then do u trade. |
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allangenex
Senior Member
Posts:4202
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| 22 Jun 2009 11:18 AM |
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Oh? I thought it is pretty obvious when i mentioned busy period. OK.... busy period to me is referred to period when an impactful news is around the corner, e.g. non farm payroll, unemployment rates and those news that are indicated as RED in forexfactory. |
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dongini
Veteran Member
Posts:727
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| 22 Jun 2009 11:22 AM |
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but u have been commenting on the trading the news topic, if u dont trade the news why then do u comment on wat u dont know abt. |
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allangenex
Senior Member
Posts:4202
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| 22 Jun 2009 11:54 AM |
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Dongini, i don't know what you are driving at seriously and also pretty unaware where you are coming from. Over here, i am discussing about requoting during impactful news and the problems i experienced caused me to give up on trading when the news (impactful ones) are around the corner. I have been commenting on country news situations that may affect the currencies move but that doesn't mean that i trade or don't trade news. I hope you can read the contex of what was being written instead of commenting something that is out of context. Appreciate that. |
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