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Can your broker follow you if you get good results?
- Thread starter anders888
- Start date
But that's not what you said. They get all those things if they take the other side of the trade or not.a portion of 'most loose' is the account parameters they have going in.. capital/leverage/quantity/currency pair...
Do you remember Richard Ney? his thesis was that the specialist on the floor of the exchanges and market makers, in their role of maintaining orderly markets, were forced into making money by public investors who entered and exited the market at the wrong times.But that's not what you said. They get all those things if they take the other side of the trade or not.
I don't, but I'll look him up, thanks. One of my thesis is to look for places where people lose money at a predictable rate rather than where they make money, since it's counterintuitive enough that most people overlook it. I haven't found the golden egg when it comes to a class of investors who is reliably wrong, in my experience they're just random, but I continue to search!Do you remember Richard Ney? his thesis was that the specialist on the floor of the exchanges and market makers, in their role of maintaining orderly markets, were forced into making money by public investors who entered and exited the market at the wrong times.
Yes.
It's not quite as rare as one or two posters above seem to imagine.
And (contrary to some of the opinions expressed above) not illegal at all, unless they fill their own trade before yours - that would be "front-running", which is illegal in some countries.
It's because of the facility to do this that some counterparty market-maker "brokers", especially of spot forex, keep some regularly winning clients on their books, because (as you rightly suspected when you asked the original question) it can be an additional profit-source for them, regarding the accounts of clients they've known well enough and for long enough.
Not in countries with proper regulation.
Which is another reason (as if anyone needed one) to avoid "brokers" regulated in places like Cyprus, Russia and Mauritius, whose reasons for choosing to be regulated in those countries are typically not ones in their clients' interests.
However, as also mentioned above (and in this case rightly), this isn't something that's in any way relevant to 99% of traders. My guess is actually 99.9%.
I knew sports bookmakers who let select winning players bet within limits so they could follow along and bet big on those picks, as well as adust their own lone a bit.
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