Can we trust market makers (DD)?

This is a discussion on Can we trust market makers (DD)? within the Forex Brokers forums, part of the Commercial category; Originally Posted by gerryg Building intelligent discussion is hard when such peers join :thumbs: Anyway we should count only own ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Sep 12, 2017, 10:32pm   #25
Joined Apr 2016
Quote:
Originally Posted by gerryg View Post
Building intelligent discussion is hard when such peers join :thumbs:

Anyway we should count only own contributions
He was spamming for non-broker based trading. He appears to be done and gone.

The point is it makes no difference who is on the other side of your trade, be they a broker, a MM, or a bank. You try to take their money. So they take your money first because they are better informed, better equipped, and better funded. For the few who can succeed, you can wait for them to take someone else's money. You could pick up some dropped money from the ensuing scuffle, run away with it before their attention returns to you.

Can we trust a MM ? No, nor can we trust anyone else that is on the other side. The relationship is always in conflict of interest.
EnlightenedJoe is offline   Reply With Quote
Old Oct 28, 2017, 9:07am   #26
Joined Oct 2008
Quote:
Originally Posted by EnlightenedJoe View Post
He was spamming for non-broker based trading. He appears to be done and gone.

The point is it makes no difference who is on the other side of your trade, be they a broker, a MM, or a bank. You try to take their money. So they take your money first because they are better informed, better equipped, and better funded. For the few who can succeed, you can wait for them to take someone else's money. You could pick up some dropped money from the ensuing scuffle, run away with it before their attention returns to you.

Can we trust a MM ? No, nor can we trust anyone else that is on the other side. The relationship is always in conflict of interest.
parthaab is offline   Reply With Quote
Old Oct 29, 2017, 2:48pm   #27
Joined Oct 2014
Quote:
Originally Posted by EnlightenedJoe View Post
He was spamming for non-broker based trading. He appears to be done and gone.

The point is it makes no difference who is on the other side of your trade, be they a broker, a MM, or a bank. You try to take their money. So they take your money first because they are better informed, better equipped, and better funded. For the few who can succeed, you can wait for them to take someone else's money. You could pick up some dropped money from the ensuing scuffle, run away with it before their attention returns to you.

Can we trust a MM ? No, nor can we trust anyone else that is on the other side. The relationship is always in conflict of interest.

So following your statement retail forex industry is a bunch of scam artist and making money in forex trading consistently is big hype?
billyjean is offline   Reply With Quote
Old Oct 29, 2017, 3:09pm   #28
Joined Apr 2016
Quote:
Originally Posted by billyjean View Post
So following your statement retail forex industry is a bunch of scam artist and making money in forex trading consistently is big hype?
All industries are profit seeking businesses. Businesses are not scams. They are there to serve demands. If people demand to gamble, they will have their demands met.

Consistent money making by internet "traders" is about 99.9% hype, unless I see evidence for otherwise. I know with 100% certainty there is at least one person who makes profit from forex consistently and gets paid at 9PM GMT winter time sharp, even on Christmas day.
EnlightenedJoe is offline   Reply With Quote
Old Oct 29, 2017, 4:33pm   #29
 
itspossible's Avatar
Joined Sep 2014
Quote:
Originally Posted by EnlightenedJoe View Post
All industries are profit seeking businesses. Businesses are not scams. They are there to serve demands. If people demand to gamble, they will have their demands met.

Consistent money making by internet "traders" is about 99.9% hype, unless I see evidence for otherwise. I know with 100% certainty there is at least one person who makes profit from forex consistently and gets paid at 9PM GMT winter time sharp, even on Christmas day.
u mean santa trades
Click the image to open in full size.
__________________
Quote:
Originally Posted by EnlightenedJoe View Post
Trade that are not closed will be closed when in profit.
itspossible is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Market Makers iplay1515 General Trading Chat 0 Oct 31, 2011 11:14pm
Market makers simonfudge First Steps 5 Jul 10, 2008 8:24am
Market Makers richardg General Trading Chat 7 Nov 25, 2006 12:19pm
Market Makers DITD First Steps 4 Sep 3, 2004 8:43pm
market makers destiny Brokerages 1 Jan 21, 2004 8:05pm

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