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Old 03-05-2010, 05:28 PM   #1

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Most Forex Brokers Are ....

Well, I don't know the answer, which is why I'm asking. Do most/some/a few/no brokers actually manipulate the price so that you get stopped? My success has been in the currency futures, and I have opened an account for Forex to see if this arena will be better or worse. BUT, I have always been told to get a sound broker, which makes me laugh. I always pictures those poor guys in their cubiles doing anything for a buck and they think they are the cat's ass. I picked an off the wall broker for my futures and everything has been just fine for quite a few years. Anyway, if I just threw a dart at a board full of brokers, all with similar margins, how can I get fvcked? I don't know the answer. Sure, in futures when the price just goes just to my stop then moves 100 points in the other direction, I feel like I have just been bent over the kitchen table. At the same time, I know that my 10-30 contarcts shouldn't be a big deal, and it was all market driven. Please help, I am playing live with a bit of cash in the Forex now, but perhaps some of your experiences will lead me to change brokers.
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Old 03-06-2010, 11:00 AM   #2

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Re: Most Forex Brokers Are ....

...bookies.


........
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Old 03-06-2010, 02:49 PM   #3

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Re: Most Forex Brokers Are ....

Ha. Could be the case. I am actually hoping that they are more like my bookies in the fact that they don't cheat me, they may get my cash at the end of the week or I might get theirs, but everything is done fair and square. For any gamblers out there, here is my Saturday card: Dayton u/115' (2'), Iona+1 (2'), St.Peters o/126' (2'), cuse-1 (2'), kansas-3 (2').
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Old 03-07-2010, 07:01 PM   #4

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Re: Most Forex Brokers Are ....

I'll give you my opinion of mt4 when I tried them out, which a lot of people seem to swear by.... I was getting requoted constantly, where entry within a few pips is very important for me..., my fills where no where near price quoted.... I remember thinking what a rip off...

Later I heard that mt4 have plug ins for delays in execution and slippage, but hey make your own mind up...
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Old 03-07-2010, 09:14 PM   #5

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Re: Most Forex Brokers Are ....

Quote:
Originally Posted by speres »
I'll give you my opinion of mt4 when I tried them out, which a lot of people seem to swear by.... I was getting requoted constantly, where entry within a few pips is very important for me..., my fills where no where near price quoted.... I remember thinking what a rip off...

Later I heard that mt4 have plug ins for delays in execution and slippage, but hey make your own mind up...
You know that MT is the charting platform that many different FX brokers use and is not a broker by itself?
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Old 03-07-2010, 10:51 PM   #6

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Re: Most Forex Brokers Are ....

Quote:
Originally Posted by sevensa »
You know that MT is the charting platform that many different FX brokers use and is not a broker by itself?

Of course, but mt4 provides the plug ins for brokers to use as they see fit
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Old 03-08-2010, 12:05 AM   #7

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Re: Most Forex Brokers Are ....

Quote:
Originally Posted by speres »
Of course, but mt4 provides the plug ins for brokers to use as they see fit
I was just asking since you said you were getting requoted and got bad fills when using MT which sound like you didn't understand the distinction between the broker you were using and MT. So your experience was really due to the broker you were using and not because the charting platform was MT.
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Old 03-08-2010, 12:17 AM   #8

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Re: Most Forex Brokers Are ....

I'll repeat. Apparently MT provide virtual dealer plug ins for their platform that regulates execution by up to 5 seconds. Are you connected with MT?
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