Lets start the fight to brokers!! - Page 3
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Thread: Lets start the fight to brokers!!

  1. #21
    Does anyone use Oanda and if so, how do you enjoy them? I'm using them in demonion now. New to ForEx here. But I've discovered that demonion is different than live. Fantastic site here, by the way. Lots of great info on here from excellent traders. Thanks.

  2. #22
    Quote Originally Posted by ;
    Hello,
    I trade in forex because 2 years.
    Within my trading experience I learnt a lot of things.
    Trading isn't appropriate for everyone, want nerves! And also... cash!

    Then, afterwards'billions' of trades, losses, profits, stops @BEp etc I find me very upset and tired by how brokers scam markets, charts, and use our money as it is their money.

    I believe I will find a lot of traders agree with a few rules I would love to see in each broker:

    1st: each broker MUST have identical candles in each time period (from m1 to monthly etc..)
    2nd: each broker...
    Dream on.... You learn golf!

  3. #23
    RULE #9: When we loose we should only loose the profit we make from them not our CAPITAL.kos

  4. #24
    Quote Originally Posted by ;
    1st: each broker MUST have identical candles in each time period (from m1 to monthly )
    That would be complex. Each broker makes their own market, even ECNs who each have another set of liquidity suppliers so if you don't discover a way to centralise the Forex market into one trade like the various stock markets, that wish is an impossibility. It is like gathering all the shoe stores together and which makes them charge the very same prices exactly.

    Quote Originally Posted by ;
    2nd: each broker MUST show weekend interbank trading, not conceal those moves. They could simply disable trading during it, but that at least would not imitation our charts.
    The market isn't officially open on the weekend. It is 24/5.

    Quote Originally Posted by ;
    3rd: we MUST NOT fund into broker account. Money MUST remain in our bank account or where-ever we want to, like it had been a year ago.
    Fair enough, but it would take a few days to open or close a position since you would need to send the margin capital required for your broker and receive them back again afterwards. Envision your invoice for wire fees!

    Quote Originally Posted by ;
    4th: broker MUST have a fixed distribute in whole markets, and also same disperse for every single broker. I think a typical 2pips on majors n 4pips in additional shall be sufficient!!!
    You want every broker to become a market make or bucket shop? I prefer the ECN model. My broker has on typical 0.3-0.5 pips spread on EUR/USD. I'm not giving up that for a 2 pip spread!

    Quote Originally Posted by ;
    5th: brokers MUST let traders to set up 1 and 1 platform, which may execute orders in over 1broker! So we could have 2-3-200 brokers, but only 1 platform operating and choose if implement an order in 1 or two in 150 brokers. This could be true until there's different spreads!!!
    Today this is an intriguing suggestion. I don't mean the forcing of one platform though. A new platform which opens a commerce with the broker giving the best conditions in the time based on a set of restraints which you program into it is a fantastic idea. I don't see how it would help much in trading though but it would be an intriguing marketing gimmick and it may induce a little bit of competition between brokers when the concept became widespread.

    Quote Originally Posted by ;
    6th: brokers MUST disable things like what happened to me once: I needed a sell stop order with a target and a trailing stop, they opened the commerce 5pips near what had been the target, then price went contrary to and triggered the stop loss, without triggering the trailing stop inducing me an heavy loss! They state it is due because in low liquidity they implement orders as near as they could.... Does this feel??? They need to give us the option to set a max range at which open or not open the trade!!!
    Regrettably, very low liquidity gaps are inevitable. What you are referring to here I believe is news trading, or news gambling since I like to place it. At major news releases, most big money eliminates all their money from the market until they absorb and analyse the data presented. This absence of available liquidity to fill orders widens spread (supply and need you know) and may cause gaps. Unless it's possible to force all the bank and big players to risk their billions by maintaining them in the market on a news release, the abolition of slippage and gaps is impossible. Brokers do not cause this themselves (not talking about bucketshops that may do filthy things for you).

    We would all love perfect problems. A market where larger fish do not eat little fish and s and dogs live together in peace and harmony, but in the real world, this isn't possible. That is capitalism. Supply and demand will always dictate prices from Forex just as it does in other markets like commodities. For instance, a storm hitting a major manufacturer of coacoa beans would increase the price of stated beans because there aren't any beans to buy on earth.

  5. #25
    Quote Originally Posted by ;
    That would be complex. Each broker makes their own market, even ECNs who each have another set of liquidity suppliers so if you don't find a way to centralise the Forex market into a single trade such as the various stock markets, that desire is an impossibility. It is like collecting all the shoe stores together at a town and making them charge the same prices just.



    The market isn't officially open on the weekend. It is 24/5.



    Fair enough, but it might take a few days to start or close a situation since you would have to ship the margin capital...
    thank you for your reply really complete!
    Well, as you point out, there are some lacks on my principles...
    some things I know are impossible or very hard, but im certain that something could be carried out.

    About #1 I mean to regulate broker's opening and closing time on friday's / sunday's to print same h4 - monthly charts. Some usage 0gmt time some other another one... can it be so difficult to be the exact same for every one? I know but also I think!

    #6 okay but they could so let's to set a max n minute range for opening price. I used to use stop orders on brekouts. . Not just during news! Now I use stop orders anymore.

    #4 n #5 would be the core of the trouble: why should have 2-3 brokers (or much more ) to check different h4 setups, to have different spreads etc.. . ? To do so I should install 2-3 (or more) platform in my system. Slowing connection and ram. 1 mt4 with them with their different spreads etc would be better for everybody imo.

    What I mean, completely agree with you, is that market is a really difficult thing and supply n demand dominates. But brokers not merely ask us the spreads, they eat places giving more confusion at prices, instead of give best service for best trading way!

  6. #26
    Okay
    I must admit I thought to find out more individuals agree with me
    maybe will shut this thread

    thanks to all people who gave a read n an answer

    green pips to you all

  7. #27

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