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Live Experience with MT4 Brokers
Now,we have a list of 106 MT4 Brokers and now the big Question
-what is a really more respectablly Broker relative Withdrawal of money -with a good work of EAs in a Live-Account -with a good Clientsupport -with a good server stability Have everybody a Broker with these characteristics or have everybody experience with a relatively good Live-Account? I am search a Broker (no Russian or Swiss),where I can work EAs and that reasonably disburse . How can help? |
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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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Brokers don't like a trader to make high frequency trades with quick turnaround. That is, a trader who places many trades a day and closes each trade within a few minutes. That does not give the broker time to hedge the trades in the interbank market or to offset the trades against trades by other traders. However, if you are a successful trader who can win consistently on trades lasting hours or days, a good broker will have no problem with that. If you are really good, they will shadow your trades. That is, for every 100k lot you trade, they will take a 1000k position in the same direction, and close their trade when you do. Brokers like losers, but they love ace traders.
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Quote:
and thanks.. my trades usually last hours and sometimes days.. but i am no ace trader though.. |
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I'am not gonna talk much
![]() http://www.migfx.ch/ is the best but read SteveBrown's post very well, he got a good point ![]()
__________________
FREE Harmonic Trading Offers unexperienced traders enter the markets focused on how much money they stand to make Professional traders do the exact opposite, they focus on how much money they stand to lose |
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Quote:
btw, I'm intrigued by your suggestion that brokers love ace-traders. From all the evidence I have read, the exact opposite is true. There have been a few posters her on TSD that apparently fit this category, and have given a list of the brokers that they were sequencially banned by for being too profitable. Of course, it would be easy to believe that about brokers that make their living from just the commissions (that are not taking the other side of your trade) but this rules out about 95% of MT brokers... |
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Hello all,
Please share your experience about this broker! looks interesting. Offering 2 pips spread on all currency pairs. And amazing 0.30 pips for GOLD. 2 pips forex, Online forex trading, 2 pips spread on all currencies Hope to hear from you all........! Best Regards. |
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