Does your Forex Broker trade against you? How would you even know whether or not they are doing it? Have you seen any solid evidence? Does it make a difference whether you choose an ECN, STP or so called "dealing desk broker?
A lot of traders have told me they believe their brokers are trading against them and some even show evidence on their charts when they lose a trade that the broker did something to cause the loss. People believe that somethimes it is through manipulation of the price during the execution of entries and exits of trades. And is slippage a function of the broker or is it more of a natural function of the market itself that the broker cannot control?, And what about stop hunting? That is supposedly something that institutional traders (not bokers) do to grab liquidity at certain levels after a trend has ended. But upon examining the places of so called stop hunting I have found that what is called stop hunting is actually a normal repeated pattern that all corrections form.
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In this video I will demonstrate how forex brokers work on the inside. What you will discover is that when you know the right way to trade the brokers have no control over whether you win or lose and they cannot stop you from winning. No need to take my word for it because you can check with hundreds or even thousands of winning traders who can all describe they way they trade and whether or not brokers are preventing them from winning. If you do ever learn the rare skill of trading profitably will you be able to increase your account and then actually withdraw the money? That is a question that often comes up usually among traders who have never had consistent increase for up to one year.
Even the best Forex brokers have had many complaints from customers and after getting used to the trading business, I have been able to realize that almost all complaints are from frustrated customers who blame the brokers for their losses but actually are losing due to lacking the proper knowledge and skill. Find out how XM and FX Pro rank on our list of brokers
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