Read how Brokers do business!
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Thread: Read how Brokers do business!

  1. #1
    Hello Traders,

    Boston Technologies has issued a report for individuals interested in starting their own foreign exchange brokerage company. I have read it and found it interesting for me personally as a retail trader, therefore I would like to share it with you. It includes information about technology, regulation and how brokers can conduct business with us, the traders.

    The most interesting quote from this report:

    Quote Originally Posted by ;
    In this model, a number of the more seasoned or savvy clients will grow frued they are not dealing with Straight Through Processing. Dealing with them via a Straight Through Processing model and segmenting out these customers is usually a good idea.
    So, what they are saying is: If you possess a working desk brokerage company, trade against the new traders, that will most likely lose, but cope with the knowledgeable traders through STP.

    Dealing desks have the option to direct the customer order to the liquidity providers, so if they want to keep the knowledgeable traders, they'll do it for them and make a living from the spread only.

    While they still trade knowingly against the unexperienced traders, which trading account typically don't last longer than 2-3 months.

    Enjoy reading the report.
    https://www.forexforum.co.za/attachm...699252764829.1

  2. #2
    This is some interesting things. . .thanks a lot!

  3. #3

  4. #4
    Quote Originally Posted by ;
    nothing new
    Well, I'm convinced there are also a lot of newbie traders that are visiting forexforum.co.za, therefore it's new for them.

  5. #5
    Quote Originally Posted by ;
    Well, I am sure there are also a lot of newbie traders who are seeing forexforum.co.za, so it's new for them.
    if that is there study then they do not need to be trading

  6. #6
    Well Boston Technologies have always been busy with tricky stuff. Have you read about the Virtual Trader plugin? Google it, it is gonna knock off your socks.

  7. #7
    Sorry if this is old hat however anyone tried the 4xTrader? They have a tool to monitor broker VD plug-in activity in your account. 4xTrader sentinel.

    I am nothig to do with them by the way.

    Anyway it appears interesting.

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