Do Brokers Really Care About You?

This is a discussion on Do Brokers Really Care About You? within the Articles forums, part of the T2W Site Content category; We've just published a new T2W article called " Do Brokers Really Care About You? " by Rick Wright . ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jun 3, 2011, 9:00am   #1
I run on batteries
The Staff are paid members that perform various roles such as editorial, advertising, support or technical work.
 
T2W Bot's Avatar
 
Member Since Dec 2004
Default Do Brokers Really Care About You?

We've just published a new T2W article called "Do Brokers Really Care About You?" by Rick Wright.

Quick Summary: Rick Wright explores the often discussed view that brokers deliberately take out stop loss orders and offers a way forward for reducing the frequency of this happening

PS. Don't forget to rate the article after you've read it and share your comments on this thread.
T2W Bot is offline   Reply With Quote
Old Jun 3, 2011, 12:13pm   #2
Veteran Member
 
nunrgguy's Avatar
 
Member Since Aug 2004
Default Re: Do Brokers Really Care About You?

And the fact that everyone knows where stops are just outside support and resistance zones is another reason not to put them there. If you're going to play it that way it's much better to have an even wider stop (say 3ATR) which is a disaster stop only and having your 'get out line' where you suggest having the stop. You only close the trade if price actually closes beyond your line, not price merely touching it.
nunrgguy is offline   Reply With Quote
Old Jun 5, 2011, 10:02pm   #3
New Member
 
spikee36's Avatar
 
Member Since Jun 2011
Default Re: Do Brokers Really Care About You?

And, Spread Betting companies are even worse
spikee36 is offline   Reply With Quote
Old Aug 3, 2011, 2:17am   #4
Veteran Member
 
alan5616's Avatar
 
Member Since Jan 2006
Default Half the picture

The author seems to have never heard of "Virtual Dealer", produced by Boston Technologies. This is a plug in, for brokers using the MT4 platform, and can be programmed to trade against the client. The program options include slippage, requotes and terminal disconnects at appropriate times.
alan5616 is offline   Reply With Quote
Old Aug 4, 2011, 5:58am   #5
Veteran Member
 
advfntrader's Avatar
 
Member Since Mar 2008
Default Re: Do Brokers Really Care About You?

surely this is against FSA regulations to use the program like that ?
advfntrader is offline   Reply With Quote
Old Aug 4, 2011, 7:46am   #6
Legendary Member
 
pboyles's Avatar
 
Member Since Oct 2006
Default Re: Do Brokers Really Care About You?

Quote:
Originally Posted by advfntrader View Post
surely this is against FSA regulations to use the program like that ?
They'd have to catch them first and in any case a lot of brokers are offshore. Gain Capital aka forex.com were caught and heavily fined though not to the extent that it would deter others. I doubt the virtual dealer plugin is the only piece of software out there.
pboyles is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search