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fx "traders" hate real profitable traders


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fx "traders" hate real profitable traders

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  #11 (permalink)
 matthew28 
Legendary Elite_Member
Wiltshire, United Kingdom
 
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Spottrader View Post
You're privy to you opinions

We all are, forums would grind to a halt if people couldn't have an opinion

Sure there is a conflict of interest with non ECN forex brokers, that has already been said, but I was querying how there is a conflict of interests with a futures broker? You said "All brokers are adversaries I should've said. I have accounts with both." which I took to mean that you have both forex and futures brokerage accounts.

I had assumed you were talking about futures brokerage commissions, however, you replied that "No where did I say their spread/commissions made them adversaries".
But all the brokerage does is facilitate trade for an agreed cost, so I am curious what else a futures brokerage does that makes you see them as an adversary?

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  #12 (permalink)
Spottrader
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matthew28 View Post
We all are, forums would grind to a halt if people couldn't have an opinion

Sure there is a conflict of interest with non ECN forex brokers, that has already been said, but I was querying how there is a conflict of interests with a futures broker? You said "All brokers are adversaries I should've said. I have accounts with both." which I took to mean that you have both forex and futures brokerage accounts.

I had assumed you were talking about futures brokerage commissions, however, you replied that "No where did I say their spread/commissions made them adversaries".
But all the brokerage does is facilitate trade for an agreed cost, so I am curious what else a futures brokerage does that makes you see them as an adversary?

Pretty clear you like a debate, and AGAIN you opinions are just that. Mine are mine and based off what I know, not something I read on the internet.

I'm not interested in changing someone's opinion.

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  #13 (permalink)
 kevinkdog   is a Vendor
 
 
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Spottrader View Post
All brokers say the same thing. It's more their liquidity providers. There's a conflict of interest that exists. In fx they all say their stp/ecn aside from a handful.

No where did I say their spread/commissions made them adversaries. It's don't really concern my brokers fees. I'm not that kind of trader. Spreads a little, but there's too much going on to stipple that.

You're privy to you opinions

I totally agree with you the forex brokers can definitely be the adversary.


Like @matthew28, I don't understand how futures brokers are the adversary - they do not set the prices, they do not take the other sides of trades. Is that what you are saying?

Maybe you can explain how futures brokerages are the adversary?

I might be missing something here, and since you were licensed in commodities, your insights might set me straight.

Kevin

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  #14 (permalink)
 matthew28 
Legendary Elite_Member
Wiltshire, United Kingdom
 
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Spottrader View Post
Pretty clear you like a debate, and AGAIN you opinions are just that. Mine are mine and based off what I know, not something I read on the internet.
I'm not interested in changing someone's opinion.

I wasn't asking you to change my opinion, but as Kevin wrote above, you said you used to be licensed in both commodities and securities so I was asking you as you have experience to expand on what you meant as I was still unclear.

Having said that though. Re-reading your posts again I can see that I am just being accused of being negative and challenging you, which you dislike from other forums, for questioning and trying to discuss rather than passively accepting what you say.
You're not interested in changing someone's opinion, I'm not interested in wasting my time on silly straw man arguments. Count me out.

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  #15 (permalink)
 chipwitch 
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Spottrader View Post
I'm not interested in changing someone's opinion.

Including your own, it would seem. If you go on forums just to express your opinion without offering evidence for your claims or the expectation of hearing the opinions of others, I can see why they cause you such angst.

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  #16 (permalink)
 SMCJB 
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Spottrader View Post
People that "trade", especially into forex, hate profitable real traders. Every forum post is just met with a challenge.

It is freaking lonely and I do detest those websites like babypips, forex factory and some others.

There's a lot of cesspits on the internet, especially trading related ones. Thankfully futures.io isn't like that!


matthew28 View Post
I would disagree, futures brokers aren't adversaries, they are an intermediary providing leverage with reduced margin, and the essential connection to the exchange for order routing. Paying them a commission for that necessary service doesn't make them an adversary, it should just be a minor cost of business.

I agree with @matthew28 I don't view my FCM as an adversary. In fact I can name several situations where my FCM has gone out of their way to actually help me. Why? Because it's in their best interests for me to do as well as possible. The more successful I am, the more I trade, the more they make.

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