why is my broker giving me technical analysis recommendations

[Xela]

It’s an ordinary broker that indeed brings all orders to market.

This is completely wrong.

It’s not interested in your loss or profit. It just gets its rate of interest.

This isn't so. The brokerage being discussed in this thread is forex.com, which is a counterparty market-maker.

If you read the OP's posts above, you'll see that he mentions that the "broker's" disclosure statement openly specifies that if they elect to not cover their position, they make the profit themselves when the market moves against their own customers.

I'm not trying to give you a hard time just for the sake of it - simply bringing to your attention the reality that sometimes it helps a lot to read the thread before replying to it!

 

[zdreg]

simply bringing to your attention the reality that sometimes it helps a lot to read the thread before replying to it!

if you are giving reality checks to ET posters, you will be posting the entire day.

 

[Xela]

if you are giving reality checks to ET posters, you will be posting the entire day

I hear you, but I thought because this member has just joined today, it might be worth bringing it to his attention ...

 

[peter matthew matty]

publicly their entire business model is just making money off of the bid ask spread. however why would they not want to bucket consistent losers?

my theory is that they bucket consistent losers, make money on the bid ask spread between the traders that inconsistently make and lose money, and put the consistently winning traders on the real ecn market. that would be the way for them to maximize profit and there is not much stopping them

By ECN You mean by first in - first out when arriving at what positions are closed first - This is only an alternative way of making money for the broker - But my idea on the subject is that people tend to be people so there interest would lie in predicting some outcome just as any business needs to provide extra services to & towards keeping there customer interests more updated - In the end it is only you that is putting your money at risk - But the broker by providing forecast & tips is saying to you - well there`s a starting point to consider.