81. The Role of the Retail Forex Broker

17 Responses to “81. The Role of the Retail Forex Broker”

1. advancedwarfighter07 says on: 3 June 2010 at 8:20 am

   this video does not describe the role of the retail broker at all! Jesus, the Retail broker is designed to profit off of all traders whether a win or lose. There designed to squeeze as many pips out of each trade as possible and ensure the individual trader loses. FXCM is one of the most ruthless market makers known to man kind!
2. gutrp says on: 3 June 2010 at 8:53 am

   True. ONE of the reasons forex is risky no one talks about is because these brokers CAN trade against us.
   Google – ECN and retail forex brokers.
   ECN brokers r safer
3. OilTradeInstruction says on: 3 June 2010 at 9:50 am

   The Forex market is a scam! Look at my profile and watch my video on the forex market, it will OPEN your eyes. Then let me teach you a real market by learning to trade Oil, you cannot imagine how profitable it is and how relatively easy it is to trade if you know what you’re doing. The Forex is a 100% scam market, watch my video and you’ll see. Don’t ruin your life trading the Forex.
4. jgray110 says on: 3 June 2010 at 10:03 am

   Forex is a complete waste of time and money, don’t say i didn’t warn you, the best thing we can do is put these bastards all out of a job, I can show you 200 trades with hand-drawn charts of the crap that goes on, you go long they turn it short, you revers and go long, they turn and go short, you go short and long, they drag it down the middle endless, tight and loose stops are a cinch for these crooks.
5. TheDjbang says on: 3 June 2010 at 10:18 am

   I opened at .87247 long the Aussi. It looks like it’s double topped the resistant level so I might close the next time it reaches 20 pips. I was aiming for 30 but guess I’ll just have to capture the profit while it’s available. Seems to be overheated with a reversal within the next hour coming up.

   good luck with your trade!!
6. 0PsycoDad0 says on: 3 June 2010 at 10:48 am

   Now I´m with ACM and yeah good pick i´m also in this pair.

   cheers
7. TheDjbang says on: 3 June 2010 at 11:39 am

   I see. Its a fairly steady pair but the swiss government has a majority pull on their currency. Understandable why you were locked in during announcement time. Have you tried the AUS/USD lately? There’s a lot of volume in there now plus the central bank has a minority role due to the countries reliance on the commodities free market.
8. 0PsycoDad0 says on: 3 June 2010 at 12:01 pm

   I think it was USD/CHF
9. TheDjbang says on: 3 June 2010 at 12:33 pm

   what pair were you trading?
10. 0PsycoDad0 says on: 3 June 2010 at 1:24 pm

    No I just “cashed in” maximal losses according to my stop loss orders. During a few minutes i wasn´t able to do anything at all!
11. TheDjbang says on: 3 June 2010 at 1:52 pm

    To get wiped out you must have been using a huge volume??
12. 0PsycoDad0 says on: 3 June 2010 at 2:15 pm

    I tried the Interbank FX demo tool and I´m not pleased with it´s loopholes. f.ex. you get wiped out on central bank decisions where your order is chanceled with max loss quotas even if you´d placed them a good deal away from the curent pricing with proper stop orders.
    Have you experience with ACM?
    It´s a swiss based firm and the only disadvantage i could find up to now is the missing of volume quotes neither directly nor indirectly.
13. SadeTabitha says on: 3 June 2010 at 2:42 pm

    Nice try. Keep it up check out esteembpo + com for social media marketing. dfdf
14. InformedTrades says on: 3 June 2010 at 3:30 pm

    Hi elpatxi22, I don’t personally trade using MT4 so I don’t have any personal experience with them however the MT4 brokers that you here the most about are Interbankfx and FX Direct Dealer. Best Regards, Dave
15. elpatxi22 says on: 3 June 2010 at 3:53 pm

    Hi David.I’ve a demo account at Interbank Fx.On the internet people say it’s good because it’s a MT4 broker,it has lower spreads & it’s regulated, others say it’s bad because it requotes and sometimes the server shutdown. Moreover pip spread increases when news are released.So before opening a real account I’m looking for a a MT4broker, lower spreads, regulated,good costumer service.What do you think about Interbank Fx?What kind of MT4 Forex broker could fill al this requirements?
    Thanks,
16. InformedTrades says on: 3 June 2010 at 4:28 pm

    Hi Yosergeibell, Really depends on what you are looking to do. If you visit the InformedTrades site and slick on the search button in the top navigation bar and then search the tags for ‘choosing a broker” this will return a post where I discuss some different options. Best Regards, Dave
17. yosergeibell says on: 3 June 2010 at 5:08 pm

    Hello David which broker do you recommend peronally?

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