Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

sicktrader

Most Forex Brokers Are ....

Recommended Posts

I posted about my response on a different thread. I admit I became too defense too quick but it sickens me when traders from a different market feel the need to put down the market I make a living from and they do this out of ignorance not out of research..

 

When you said most brokers that is close to a absolute . Are you familar with the NPA not NFA but Forex peace army. they do honest reviews of all forex brokers take a look and you will find that most are ok to very good and a few are scams.

 

Anyhow i have my truce flag up now waving at you..

randy

 

 

 

I don't know whether you are being deliberately obtuse or you did not read my posts properly. You attribute things to me that I have never said. I have tried not to make any judgement calls about anything or anyone. I certainly have not used any words like 'scum'. I will re-state things as plainly as I can.

 

Point 1)

1) There are two broad types of forex 'brokers'.

a) Brokers that allow transparent trading on an ECN.

b) Bookies (or Market Makers if you prefer) that take the other side of your bet/trade.

 

Point 2)

Many people that are critical of spot FX are talking about type b) (though not all there are straight up market makers).

 

Many people that are not critical of spot FX (or are even enthusiastic) are talking about type a)

 

Point 3)

Many of the disagreements about experience (which if you look back in this thread and actually read carefully what I said I have not offered my experience) come about because the naysayers are talking about two completely different set ups.

 

The irony is if you looked at what I had actually said rather than what you think I meant you might find that we agree. If you want to discuss what I have said fine, but the ad hominem attacks obscure your argument rather than add gravitas.

 

To make it simple (again) if you are saying that there are staright brokers out there that a retail trader can make money with trading spot FX, I agree. Not only that but depending how you trade you can do absolutely fine with both types. There now you have my opinion as well.

Share this post


Link to post
Share on other sites

lol you sound like my kids but they have a excuse there 8 and 10..you sir just have a hard head you should go back to futures you will never make it in Forex with that attitude.

But I make it and do extremely well funny all the things you mention if they were real has no effect on my trading..

randy

 

 

 

Enjoy the Kool-Aid, Randy

:sleep:

Share this post


Link to post
Share on other sites
I posted about my response on a different thread. I admit I became too defense too quick but it sickens me when traders from a different market feel the need to put down the market I make a living from and they do this out of ignorance not out of research..

 

When you said most brokers that is close to a absolute . Are you familar with the NPA not NFA but Forex peace army. they do honest reviews of all forex brokers take a look and you will find that most are ok to very good and a few are scams.

 

Anyhow i have my truce flag up now waving at you..

randy

 

No harm no foul :D:D.

 

The important thing is to get people that have had bad experiences with market makers (or bookies if I am being provocative :)) to check out real ECN brokers. (Someone kindly posted a list earlier). Of course some people can not afford to trade with such brokers but that is a separate issue. BTW I am not saying that that all MM's are bad news but that is the 'wild west' end of the retail market.

 

Things are certainly improving for retail guys. Not so long ago there where hardly any brokers that offered transparent access (EFX & MBT where the first I am aware of). Until then Also with the plethora of MM type 'brokers' you are bound to get some decent ones though it does seem (only from anecdotal evidence) that they can slide after a while.

 

Mind you FX ECN's didn't exist for retail or commercial guys until about ten years ago, it was all RFQ (Request For Quotation) which meant phoning up the banks desk and asking for a price, impossible for a retail guy. I did have a CMC markets account before then but they actually made the market using CFD's.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Be careful who you blame.   I can tell you one thing for sure.   Effective traders don’t blame others when things start to go wrong.   You can hang onto your tendency to play the victim, or the martyr… but if you want to achieve in trading, you have to be prepared to take responsibility.   People assign reasons to outcomes, whether based on internal or external factors.   When traders face losses, it's common for them to blame bad luck, poor advice, or other external factors, rather than reflecting on their own personal attributes like arrogance, fear, or greed.   This is a challenging lesson to grasp in your trading journey, but one that holds immense value.   This is called attribution theory. Taking responsibility for your actions is the key to improving your trading skills. Pause and ask yourself - What role did I play in my financial decisions?   After all, you were the one who listened to that source, and decided to act on that trade based on the rumour. Attributing results solely to external circumstances is what is known as having an ‘external locus of control’.   It's a concept coined by psychologist Julian Rotter in 1954. A trader with an external locus of control might say, "I made a profit because the markets are currently favourable."   Instead, strive to develop an "internal locus of control" and take ownership of your actions.   Assume that all trading results are within your realm of responsibility and actively seek ways to improve your own behaviour.   This is the fastest route to enhancing your trading abilities. A trader with an internal locus of control might proudly state, "My equity curve is rising because I am a disciplined trader who faithfully follows my trading plan." Author: Louise Bedford Source: https://www.tradinggame.com.au/
    • SELF IMPROVEMENT.   The whole self-help industry began when Dale Carnegie published How to Win Friends and Influence People in 1936. Then came other classics like Think And Grow Rich by Napoleon Hill, Awaken the Giant Within by Tony Robbins toward the end of the century.   Today, teaching people how to improve themselves is a business. A pure ruthless business where some people sell utter bullshit.   There are broke Instagrammers and YouTubers with literally no solid background teaching men how to be attractive to women, how to begin a start-up, how to become successful — most of these guys speaking nothing more than hollow motivational words and cliche stuff. They waste your time. Some of these people who present themselves as hugely successful also give talks and write books.   There are so many books on financial advice, self-improvement, love, etc and some people actually try to read them. They are a waste of time, mostly.   When you start reading a dozen books on finance you realize that they all say the same stuff.   You are not going to live forever in the learning phase. Don't procrastinate by reading bull-shit or the same good knowledge in 10 books. What we ought to do is choose wisely.   Yes. A good book can change your life, given you do what it asks you to do.   All the books I have named up to now are worthy of reading. Tim Ferriss, Simon Sinek, Robert Greene — these guys are worthy of reading. These guys teach what others don't. Their books are unique and actually, come from relevant and successful people.   When Richard Branson writes a book about entrepreneurship, go read it. Every line in that book is said by one of the greatest entrepreneurs of our time.   When a Chinese millionaire( he claims to be) Youtuber who releases a video titled “Why reading books keeps you broke” and a year later another one “My recommendation of books for grand success” you should be wise to tell him to jump from Victoria Falls.   These self-improvement gurus sell you delusions.   They say they have those little tricks that only they know that if you use, everything in your life will be perfect. Those little tricks. We are just “making of a to-do-list before sleeping” away from becoming the next Bill Gates.   There are no little tricks.   There is no success-mantra.   Self-improvement is a trap for 99% of the people. You can't do that unless you are very, very strong.   If you are looking for easy ways, you will only keep wasting your time forgetting that your time on this planet is limited, as alive humans that is.   Also, I feel that people who claim to read like a book a day or promote it are idiots. You retain nothing. When you do read a good book, you read slow, sometimes a whole paragraph, again and again, dwelling on it, trying to internalize its knowledge. You try to understand. You think. It takes time.   It's better to read a good book 10 times than 1000 stupid ones.   So be choosy. Read from the guys who actually know something, not some wannabe ‘influencers’.   Edit: Think And Grow Rich was written as a result of a project assigned to Napoleon Hill by Andrew Carnegie(the 2nd richest man in recent history). He was asked to study the most successful people on the planet and document which characteristics made them great. He did extensive work in studying hundreds of the most successful people of that time. The result was that little book.   Nowadays some people just study Instagram algorithms and think of themselves as a Dale Carnegie or Anthony Robbins. By Nupur Nishant, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.