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Old 03-01-2007, 01:16 AM
HG72 HG72 is offline
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Brokers' attitude

Hi Webman,

Under this new thread titled "LIVE EXPERIENCE", would you allow me to add one more topic to discuss??? this one is related to broker's attitude.

I have been months (still new) studying forex trading, mostly technical, but now its time to consider broker's attitude, since i believe it will affect in what we suppose to expect in forex industry.

Bassically, all brokers are expecting for many customers. The question is: Do they REALLY expect the customer to get profit? When a customer/investor wins, surely he/she will stay longer to trade more, and broker will also be happy. But what if the customer then ALWAYS win TOO MUCH?

I believe the ecpectation of 10%-20% profit per much is acceptable, many of you can achieve this consistently. BUT, what if someone can turn 1,000$ into 10,000% within a month? with the same percentage of growth, what if someone can turn 100K into 1Million within a month? Can brokers accept this and let this customer keep trading with them?

I have heard from a friend, that he also heard from somebody else, that scalping method is mostly not accepted by brokers. I have seen someone doing scalping only on demo and turn 1K into 100K within a week, which is hardly to do with another trading method. However, I believe that what matters by brokers is just whether you win TOO MUCH or lose. Am I correct? If you lose, who cares! Surely your broker wont protest that you lose using scalping technique, and then give all your money back.

Well, I hope many of you can share your live experience here. Remember, this is not about scalping, that was just a sample I took. This is more about the broker's attitude and how they react to someone who always WIN TOO MUCH. Knowing this will definetely affect what we expect in forex, and would teach us how to deal with brokers, or "which" broker to chose.

Cheers!
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