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Currency Futures

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Stop Hunting, Broker Manipulation with Metatrader Manager

  #5 (permalink)

Austin, TX
Trading Experience: Advanced
Platform: TradeStation
Favorite Futures: Futures
Posts: 882 since Mar 2011
Thanks: 128 given, 714 received

I would compare retail Forex to a sports book.

Except that in the case of a sports book, the bookie has the ability to alter his line and encourage offsetting bets. The bookie hopes to simply make the vig in the middle.

In the case of Forex, the broker has limited or no ability to change the "line" or trading value and instead, his only option of protection against unfavorable "bets" is to alter the bet, either marginally or significantly.

On exchange traded items, your trade has to be paired with a comparable transaction before completion. (as I understand it).

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
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