STOP HUNTING: Hardcore Proof that your broker may be cheating on you
Folks,
STOP HUNTING is back again and this time with a bang and with some hardcore proof and its making each and every trader tremble with fear(for newbies, STOP HUNTING is a practice where by your own broker will manupulate the signal price so that it hits your STOP LOSS and you loose all your money)
Here is what will shock you, make you doubt your own broker and make you think, what if, I was one of the victims many times before.
Re: STOP HUNTING: Hardcore Proof that your broker may be cheating on you
Well...all seniour members in FOREX trade admit that, if your account or lot is large enough, STOP HUNTING indeed accours from time to time....there are no or few exceptions..this time we have got the hardcore proof, but many a times we just do not act on it...thinking we lost due to price movements...
So only full proof way for you to escape from this type of fraud is to directly go for the ECN way or Direct access trading..which has no connection with any broker, agent, market maker or dealing deak...you directly deal with the electronic exchange..BUT the flaw is you need big accounts to operate to play with big boys..but now a days some sites have a mini account in the range of 5 to 10000 USD...just type ECN or Direct Access trading Forex and google it...you will find ECN sites for your style of trading ...
Re: STOP HUNTING: Hardcore Proof that your broker may be cheating on you
They all do it to one degree or another. Still worse are those who slow the price feed or manipulate it like FXCM do.
I trade with Coes now and the group I'm a member of have done a deal where we have exceptional conditions and leverage, as good as you get with FXsol for instance. We also get their bank feed into our charts as well, which show as little as one pip spreads on the EUR and GBP, but we do have to pay commissions on that.
The only problem for you guys is that you are not part of our group.
Re: STOP HUNTING: Hardcore Proof that your broker may be cheating on you
I wish you people would wake up and stop following the lemmings to pay for your brokers/dealers retirement. Go to Joe Ross' forum (see the link below!!)and read the real deal about forex and all of its many "benefactors and contributors."
Re: STOP HUNTING: Hardcore Proof that your broker may be cheating on you
So, there never was any way for the average investor to profit in the firstplace, was it? Because, if there was & all this market deception has been wiping us all out. Then, why is it that brokers don't allow straddling, delayed entrys & so on? Forex is so full of deception, obviousness of overtaxtion that i begin to wonder.
Should any of us ever even consider trading outside of Futures?
Also, legal action should be taken for this, who has the b@lls to persue it even further?