Can we trust market makers (DD)?

Oct 27, 2008
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#16
Can we trust a market maker broker, is there such thing as a good dealing desk?
You can trust them if you are one of the 90% that loses money trading.

If you are a winner, google for 'non dealing desk'.

Btw, this is such an important topic, that the mods should consider making it 'stick'.
The Conflict of Interest is so glaring.
 

gerryg

Active member
Sep 9, 2013
915
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#18
Every time this topic is discussed the conclusion is that low-capitalized traders won't ever get access to interbank market due to low commissions generated for a broker. Still there are these useless talks.
You can be consistently profitable with market maker, till your profits don't hit their pocket. If you make 10K monthly you are certainly not a friend to this broker as they pay this from others' losses.
 
Oct 27, 2008
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#19
Every time this topic is discussed the conclusion is that low-capitalized traders won't ever get access to interbank market due to low commissions generated for a broker. Still there are these useless talks.
You can be consistently profitable with market maker, till your profits don't hit their pocket. If you make 10K monthly you are certainly not a friend to this broker as they pay this from others' losses.
True.

It is such an important issue, and yet it takes such a long time for a newbie to the forum to understand how the brokers work!

Wish the mods make a sticky for this issue, which affects short term traders ( which is almost all of us on trade2win )
 
Apr 4, 2016
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#20
True.

It is such an important issue, and yet it takes such a long time for a newbie to the forum to understand how the brokers work!

Wish the mods make a sticky for this issue, which affects short term traders ( which is almost all of us on trade2win )
Nonsense.
 

progix

Active member
Feb 25, 2016
206
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#23
The point is how will you spot that you are trading with a DD/market maker broker? And if you have chosen to be with these DD then you are a nonsense i guess.. Broker selection is hard and getting more harder every day because there are so many new brokers coming in to this market and many at the same time winding up too, so better to do a little research before finalizing the right broker.
 
Apr 4, 2016
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#25
Building intelligent discussion is hard when such peers join (y):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.
 
Oct 27, 2008
38
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#26
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.
(y)
 

billyjean

Active member
Oct 16, 2014
121
5
28
#27
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?
 
Apr 4, 2016
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#28
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.
 

itspossible

Well-known member
Sep 25, 2014
2,775
555
123
#29
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:eek:
 

gerryg

Active member
Sep 9, 2013
915
8
28
#30
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.
Gamble is irrational demand which simply conceals frustration at the end. Fair is demand when consumer enjoys after consuming a good, even on the long distance of the existence of a business.