Please watch this youtube movie and see using mt4, you will never be succesful. Inserted Video
Please watch this youtube movie and see using mt4, you will never be succesful. Inserted Video
96275They're many tricks they are using, changing candles is just 1 trick, I'll keep updating this thread daily to expose as far as I can.Originally Posted by ;
91854Correct, you also need to keep in mind that brokers group you by alot of things.... By Deposit and by your trading, by country style simply to name a few. . So in the larger image 95 percent of retail traders are screwed.Originally Posted by ;
91854if broker is direct to liquidity supplier their wins will be liquidity supplier losses. Brokers must hedge if they are market manufacturers so you play the broker and market. . If liquidity supplier keeps losing they will prohibit the broker. Either way the system is stupid. . Bank never takes a risk and only reaps the reward... Before long will likely be replaced by trustless exchanges and platforms... The blockchain is unhackable and will make these crooks go bankrupt rightfully.
91854))Originally Posted by ;
Record -Statistically most of retail traders(wihout any activity from a broker facet ) earlier or later will blow their accounts up!
Query -When the statement above is right,why a broker should go for additional tricks and manipulations?
Rgs.,
91854If you are a short term trader, like scalper etc you're screwed by default. People posted stuff about it .
Unless you understand how to trade on longer phrases you're screwed.
I am not talking about monthly candles, but anything below 15 min is suicidal.
And that applies to everyone and everywhere not metatrader only
91854I dont normally take part in threads such as that but there are a lot of people here believing this BS that their broker is changing their candles .
Lets think about that for a second....
Let's use my broker, IC markets.
They are governed in Australia and therefore are ECN and have a huge huge huge client base
First for them to become shifting candles there would have to be boss who informs and employee that he must go and sit down in front on the computer and go into customers account feeds and spike them out of a transaction while all other platform aren't affected.The employee must then sit there for hours a day trying to do that.He may be earning at the most $10 per day a day to the broker if they scam many many traders and trades.Now lets say they have caught doing that.They will probably be fined Millions and may even lose their licence.Not at all worth the risk never mind how the manger and employee who does this can go to jail.
Second - Which is better to get a broker.Scamming you out of a $500 or 1k account and losing you as a client or having you pay $7 commission (never mind the cost of the spread ) for many profitable years.
Should you trade 1 lot per trade and trade 5 times every day and trade 5 days a week for 8 weeks then they've made $1400 out of you only in commissions without quitting a penny
$7 per lot * 5 transactions a day * 5 days a week * 8 months = $1400
Most traders eliminate money since they trade with authorised brokers and / or dont understand what they're doing.
There are many many examples of traders using mt4 and make boat loads of money.Either you understand what it is you are doing or you dont.If you can believe that your mt4 is robbing you then please utilize another platform to trade and come share your new winning results but blaming mt4 for losses is simply shing away the blame from yourself.
I want to return to my trading but wished to share.
All of the best to everyone here
PS - Watch this video and listen to how he describes market making as most individuals don't know how they make a market.
Should you dont know how the business works then you wont know ECN or liquidity proving
Inserted Video