If brokers cheat why do we trade? - Page 2
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Thread: If brokers cheat why do we trade?

  1. #11
    It makes no difference.

    Brokers know with certainty that
    99% of their clients will blow off their accounts
    from the day they opened accounts with them.
    The brokers (or the market) don't have to do anything at all
    to take away retail traders' cash.

    On the flip side, if a trader opened accounts with'bad' brokers
    and get scammed or anything shit,
    it is his fault for not performing his/her research beforehand.

  2. #12
    The #8216;cheating#8217; can be over exaggerated, sure there#8217;ll be slippage, bad fills, platform freezes etc., however the effects of these issues may be mitigated, if you#8217;re not attempting to scalp and day trade. Swing and standing trading will minimise the effect of such behavior; should you#8217;re shedding 2-3 pips profit, on a mean advantage of 100-150, so what? You could rationalise it as the price of doing business within this business.

    There#8217;s also the contention (from many brokers) they don#8217;t even need to cheat (much), as punters are that despairing they#8217;ll constantly lose; recently ESMA mentioning up to 90% of punters drop up to #8364;30k within six months before giving up trading, is the most recent illuion of general uselessness. It#8217;s worth living on that; should you flicked a coin to get direction, or only went when bullish or brief when bearish (daily trends) you should at least breakeven, however 90% drop, as Darwin awards for stupidity go, it#8217;s quite an achievement (en masse for the trading community) to actually fail that badly.

    As for the allure of gambling, this topic was done to death over recent weeks, especially on the ESMA and Forex is suicide threads; unlike betting on horses, or other sports gambling, retail trading/gambling dangles a carrot of unlimited riches, there#8217;s a glamorous charm to trading whereas additional addicted gamblers are regarded and dismissed as impossible failures. Despite there being zero proof of anybody actually achieving it, over the past twenty years online retail trading continues to be #8216;residing #8217;, naive newbies enter this stadium believing they#8217;ll flip their meagre tel:500-5000 in to 500k, approximately 5 million.

    Retail gambling on markets should be considered enjoyable, and an chance to speculate to grow your savings, anybody believing they can pull a living from the sector should be mindful that (according to my study in an ECN/STP/NDD broker standpoint ) just 0.3percent of clients managed to earn 25k from trading in a year, and those that did were swing traders, who didn#8217;t require the gains as an income.

  3. #13
    Quote Originally Posted by ;
    where you ever read, it's only that brokers cheat. My question is that why people exchange? Nevertheless they whine that if you start to earn over the residue, they limit withdrawals and cheat
    promise of boundless riches

    you see others still making big bucks, regardless of sc within this industry, therefore it can be done right? . So you state why not me...

  4. #14
    There are some fantastic brokers, learning how to loe a broker a part of learning how to trade. Unfortunately most individuals don't take it seriously.

  5. #15
    With out any doubt there are many broker market maker, but some times it is the excuse for our losses. If we choose a fantastic broker and we know how to exchange, its a fantastic job.

  6. #16
    My question is the reason why folks exchange
    There are robbers around the road. . And that I still leave the home.


    The thing is;
    I have larger profits than losses-- because I learned how to perform it.
    Not always simple -- the main thing is patience and how to manage losses when you have a bad streak. .

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