Since they dont act as market makers and take no positions, they do not earn the spread. Traders in the futures markets are supposedly notorious for that kind of action. The truth is the trend is relative, and thus WE define. These examples will be nothing more than trendline breaks snapped to a Pivot High/Low reading on the charts. They are going to do whatever makes sense to increase that flow. Entries on breaks of the trendlines with the ADX. On top bitcoin visa credit card of that, there are market makers in all markets. They do that by always being ready to provide a" and take the other side of a trade. BNow on the other hand, by getting into a trade when the ADX 20 we are saying that we want to be in the move before ITS occurs and let us make profit while the ADX is increasing and the trend is increasing./B. First of all, not all forex brokers are market makers. We are told to wait for the ADX to be 20 to take a trade?
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Look at your own trading, the question I would ask for anyone who is making a claim of forex being a scam is whether they can demonstrate a trading system with a meaningful track record of success and that they followed said system as designed. Some brokers act as market makers in certain stocks. Cant they understand that the serious. Only we can complicate the hell out of it looking for the trend. Hes not the first to make that statement, and Im sure he wont be the last.
Forex brokers who act as market makers operate in basically the same fashion. You decide the management and targets but it would be pretty hard to lose money here. If you really have a problem with market making forex brokers then trade through an ECN. Do they sometimes have an overbalance? It would take a highly coordinated effort among a wide array of why forex is a lie market makers to do that kind of thing.
If you trade those stocks through them they are doing the exact same thing as the non-ECN forex brokers. The only tools you need to make yourself rich. Thats for you to decide. In fact this is exactly how I trade from here. Its better to spend some extra time on due diligence than later be sorry why forex is a lie about your lost money. The idea that your broker looks at your specific open positions out of the many thousands of trades that might be open at a given time among all their customers and make decisions based on it is egotistical and self-centered in the extreme.
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Oh, and by the way, not all stock market transactions are straight pass throughs to the exchange either. From my experience, 9 out of 10 brokers reply untruthfully to at least one of the questions. Of course, even after I receive the answers I make my own check, especially regarding their sites age, regulation and spreads. Now take a look at the entries where the ADX 20 and the pundits would like to tell us its a great time TO look FOR trades. Brokers and dealers in the forex market generally keep their prices tightly in line because if they dont they can lose business. Forex brokers, please, feel free to reply using the form below. Heres the thing, though. I hope that there is some rational reason for such behavior but traders should be careful.
I dont think anyone why forex is a lie ever calls that a scam (except in the case of bucket shops ). Ive been involved in the forex market as a trader and/or analyst for nearly 20 years. The markets and market makers exist to facilitate transaction flow and make their money from. Dont be too lazy to download their demo platform and check spreads, check their sites whois record and their regulatory/licensing documents. OTC markets is transactions between buyers and sellers and market makers. Call it a day and make money. Thus, its probability of that trend stopping and a reversion to its mathematical mean is much much more likely which means a move against you is much much more likely as well.
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In interbank forex, the banks are the market makers, both with and amongst each other and with the funds and companies that are their customers. This behavior looks strange to me, because its hard to believe that they really think that risking their reputation is justified to get some minor advantage in relation to other. I dont mean the usual lies with the misleading ads or a plain scam when some broker just stops paying or removes parts of the balance. In fact - its the opposite. Go look at it yourself. Id suggest checking the brokers that you are dealing with before trusting them too much money.