Forex Trading #1: Retail Market Makers ... Beware

[ForexCoachingPros]

@best333WillC

I use lucrorfxcotcom out of New Zealand who is a true ECN broker that takes very good care of my clients and students. They are also not so terribly regulated to the disadvantage of traders like the US brokers are now.

[SuperAlexrios]

God bless you

[zheuhang]

yes, very true

[forexstea]

I like the video i will rate it very good.Thank you for the tips you shared.

[ForexCoachingPros]

Interbankfx is an agressive Market Maker who turns control of the trade platform over to their liquidity provider so they can claim to have no dealing desk. They are not an ECN broker, and the delay tactics of their liquidity provider are frequent.

[Georgewarrior]

@ForexCoachingPros , Hi, could you explain a little more specifically what you mean by the broker taking an opposite position to the trader. From the video it sounds like he's deliberately conspiring to sell when I buy and vice-versa, which doesn't make sense. So, why would they do this and how exactly do they make money like that?

[ForexCoachingPros]

When the Retail Market Maker trades in the counter trade position, he takes risk. If you win too often and are profitable, he loses the money that you are winning, at the higher leverage that he offered to you (100:1, 200;1, 400:1, 500:1, etc.). You can see how they could lose a great deal of money to a good trader, unless they did something to prevent that trader from winning. Some of these brokers go to great lengths to sabotage your trades, in the name of poor liquidity.

[lycrest15]

thanks...

[ForexCoachingPros]

You are welcome.

[Georgewarrior]

@ForexCoachingPros @ForexCoachingPros , Hi, could you explain a little more specifically what you mean by the broker taking an opposite position to the trader. From the video it sounds like he's deliberately conspiring to sell when I buy and vice-versa, which doesn't make sense. So, why would they do this and how exactly do they make money like that?

[AaronAllen2]

This guy Georgewarrior is on to something... The guy posting this lost money so he is now blaming brokers. PEOPLE.. think about it... If my broker and my friend's broker ALSO decide to position themselves against me.. So What?? They still only make up a tiny bit of the liquidity in the market. What this guy is saying makes no sense.. Does anyone else see that??

[ForexCoachingPros]

@AaronAllen2

Market Makers take risk offerring trades from their own funds, not the true market. They can't allow real winners. MT4's virtual plug-in stacks the deck in favor of brokers that control the trade platform, variable spread rate, data feed, and stop-hunting capability in a huge conflict of interest. These deceptive counter-traders manipulate even the timing of trade entries and closures. True ECN STP brokers are the solution. I use Lucrorfxdotcom out of New Zealand.

[905Ballerstatus]

Thanks for the videos. Im watching everyone from # 1. How can you beat brokers? Become smarter than them? Now let them beat you?

[hotsex83]

is it safe to give particulars to other people?

[asysqa]

you have to go to an ECN broker... I use MB Trading....in El Segundo California...their platform is difficult...but spread and executions are good...good luck...

[questyfilms]

so where do the little guys go..?

[dex38holland]

I totally agree.