Who? Me?
so is this true?
- Thread starter chipmunk
- Start date
Who? Me?
I have yet to see clear evidence of stop-hunting. I suspect it at times, but when my stop gets clipped, it's usually my own placement at a common number that has caused it. I believe the brokers have the software capability, and I have seen the MT4/Boston Technologies post, still not convinced. Not starting any post wars, just thought the post sounded familiar from you.
All in good fun.
David
Devin Brady
ET Sponsor
You might want to trade with a firm that offers raw spreads. I have clients that make money trading spot and have a few CTA's that also do well. Of course they could blow up at any time. If you would like information my contact info is below.
Devin Brady
Global Futures
dbrady@globalfutures.com
877-367-3177
Devin Brady
Global Futures
dbrady@globalfutures.com
877-367-3177
Cost of entry is high for futures. Forex, small costs to get in... no transaction fees, (spread is not a transaction cost). If it wasn't a scam it would have been the best thing out there.
This is an well-worn argument which doesn't have any merit.
If you choose a reputable broker (marketmaker) who is NFA or FSA regulated then you shouldn't have too many problems.
I trade with Oanda and CMC, and apart from some connection issues a few months ago I haven't had any problems withdrawing funds or having trades executed (that's the benefit of a bucketshop, they fill everything!). Sure there are erroneous quotes which cause a spike but Oanda are usually prompt to adjust trades executed on bad prices (not sure how that works out with the new NFA rule but it's a fair system). Sure shops quote according to their book, that's their prerogative, after all this is an OTC market so they're within their rights to quote what they like.
There are literally dozens of my trading blotters around the forums (today's below), if it's such a scam how comes I can make money, I'm not even very good at trading!
I'd suggest the vast majority of complaints are from bad traders blaming their broker rather than accepting responsibility for their own failings!
31 trades, 27 wins +170 pips, 2 losses -14 pips, 2 b/even
sorry I do not agree with this.....most brokers are f**** swindlers. No question.
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I'd suggest the vast majority of complaints are from bad traders blaming their broker rather than accepting responsibility for their own failings!
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So how much do you actually have there (Oanda)? I mean pis** around with less than $25,000 is all very well but what about bigger money?
How do the big fx money managers trade? Obviously not retail forex way?
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I'd suggest the vast majority of complaints are from bad traders blaming their broker rather than accepting responsibility for their own failings!
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So how much do you actually have there (Oanda)? I mean pis** around with less than $25,000 is all very well but what about bigger money?
How do the big fx money managers trade? Obviously not retail forex way?
lol, well what did you ask for then
If you don't like trading an OTC market then trade futures or some other market, no-one is forcing you! But if you don't know how to trade then a different market or broker probably isn't going to help!
It's not important how much I have with Oanda or CMC, suffice to say it's more than 25k, and I have no idea what 'big fx money managers' do or where they trade, institutional platforms probably.
Wassup Chipmunk, have you had a bad day or something? There wasn't a lot to go wrong today, the market's hardly doing much.....or did you just fancy an argument?
