we often talk bucketshops like FXCM, How about a real good FX broker for a change

[skot99]

Big fish eat smaller fish, welcome to the fish tank... You need to be fast to survive. You broker is going to brake you, save their own ass when their stops are getting hunted, and then broke you... The only fair game in town is the CME. The micro stuff is just new but gaining acceptance. The EUR is doing good volume now. But you can get geared up through your clearing firm if you want to trade the bigs. If you want to get out of the way the market makers you are going to need a fast vehicle with nobody in front of you...

Quote from southbeach4me:

In regards to the stop hunting that some people are fearful of from bucketshops....

Its the big banks and hedge funds that usually do that, I have a friend who used to trade for Barclays at their Australian branch who told me this.

He also said some of the big bucket shops like FXCM have their own traders that stop hunt as well...the question is whether they get special access to customer trade order flow info....I wouldnt be surprised if they did....easy for them to cover that up.

 

[skot99]

Firstly you are assuming there are more buyers at 4080 then sell stops. Secondly, you assume that they are obligated to fill every order at every price. It's like a market for anything. You have put in an order with this broker to sell at 4080. If they want to fill your order they'll do it. They have no obligation to sell to anybody at 4080. Of course they want to keep their customers so they will try to screw you subtly. Anyways, I was working as an interbank broker. We made prices for the market makers at the banks, and yes, even the market makers at the largest banks get broked... even at that level the bullshit charade and games played is quite hilarious. Your best bet is trade on a regulated exchange, that's why the IMM on CME exists, that's why the bank dealers use it in conjunction with the interbank brokers in price discovery. It's the fairest way to trade and the only way you are not going to get broked by silly brokerage games...

Quote from Sandybestdog:

Stop hunting is the most hilarious thing I’ve ever heard. Think about it for a minute. Now obviously if I put a stop in the FXCM system, they can see it. Since they are taking the other side of my trade, isn’t that sort of like showing the casino your cards? Well technically yes. Except that the stop is only executed if the price is hit. Again, they are the ones quoting the price. Wow sounds like they’d really screw you. So if they are quoting 1.4100 on Eur/Usd and they see a bunch of stops at 1.4080, they would push the price to that level. Right?!

WRONG!!! Think about it for a minute. If they push the price to 1.4080 to get some stops while the rest of the market is still at 1.4100, what do you think would happen? Yea that’s rights everybody would start buying Euro/Usd at 80 in their FXCM account and then sell Euro/Usd at 100 in XYZ account for a FREE 20 pips. Do you think they’re that stupid to do that? They would get obliterated in a matter of seconds.

Now if the whole market did this, that’s not called stop hunting, that’s called the market price has moved. If I’m wrong in this example, please let me know.

 

[mon]

Quote from skot99:

If you are 15 years old I am sorry for the earlier comments and I do hope you grow up to develop an ability to think critically..

who are you suddenly and what part of FXCM is bucketshop don't you understand

are you a teenager pretending to be a trader ?