What SB FIRMS do not want you to know.

gle101

Veteren member
3,717 84
Being a short term trader and therefore a scalper myself, I can say that one should be prepared to encounter problems with most of the SBs along the way. However, I do not believe that this has anything to do with being successful in the long run. SB is just a part of a trading platform arsenal. Hedging the trade, is a problem for the SB, if one makes many consistent short term trades. I think things will slowly change, and I believe that the SB industry is in for quite an awakening. Many countries in Europe are now starting to look at SB as financial instruments, thus, directives and regulation will be on the agenda in controlling the deal with such financial instruments. The EU MiFID financial directives are a beginning, and spell out very clearly what is in store for the SB industry. Many of the SB companies have asserted that they are following the MiFID "Best execution" directive. My feeling is that they are not adhering to the spirit of the directive as it is meant to be implemented. The SB company that differentiates clients, refers some clients to a dealer, does not give all clients the same odds, is definitely not following the spirit of the "Best execution" directive. It is as if they are putting an extra zero on the roulette table for some of the profitable gamblers. We also know SB companies rig their platform in various ways. This is also not allowed in the gambling industry as a whole. The SB company has the right to close your account, it has the right to give you a re-quote on "old" prices, but it does not have the right to flag you, to put you in a special category, in order to limit your trading success. What would happen if a casino rigged their gambling tables for some of their clients? They would lose their gambling license at once. As the SB is targeting customers in the mainstream, the need to regulate the industry is growing, and I have no doubt that more public scrutiny is just around the corner.

However, as things are at the moment, it is up to us traders to take full responsibility for our trading. If the odds are not acceptable to us, we must move away and find other ways to increase our chances of winning. To blame the SB indefinitely for personal trading failures will not lead anywhere, it is simply not the right way to becoming a successful trader. I trade with various SB companies and believe that the benefit of trading with them overrides the shortcomings, that are evident in the industry as of today.
 
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TDWDAV

Newbie
5 0
Seen a thread on here about CMC mkts didn't they used to be deal4free, the poster of the thread termed them steal for free and said they were one of the worst. Apparenetly knew someone who worked for them and said they had a guy betting against the punter and shifting the price to take out the stops of clients.
 

eyyup

Newbie
9 0
gle101 - Many thanks for sharing your knowledge.

It is posts like yours that help the trading community as a whole and serve to inspire. For interest sake, I will to read up on the EU MiFID financial directives, now I know that the SB companies intend to use it as a yardstick of sorts.

The trading fraternity is littered with falsely inflated egos of little wannabes, who would be better suited as traffic wardens or wheel clampers.

Greatly refreshing to see that at least some posters do not fall into the above category.

Once again, many thanks for the information.

Best of luck with all your future trading endeavours.
 

eyyup

Newbie
9 0
TDWDAV - After what I have witnessed, it would not surprise me in the least.
 

gle101

Veteren member
3,717 84
gle101 - Many thanks for sharing your knowledge.

It is posts like yours that help the trading community as a whole and serve to inspire. For interest sake, I will to read up on the EU MiFID financial directives, now I know that the SB companies intend to use it as a yardstick of sorts.

The trading fraternity is littered with falsely inflated egos of little wannabes, who would be better suited as traffic wardens or wheel clampers.

Greatly refreshing to see that at least some posters do not fall into the above category.

Once again, many thanks for the information.

Best of luck with all your future trading endeavours.
Thanks a lot.
 

ibex666

Member
88 8
rookies

Wow, this whole thread is full of losers.

I wont waste my breath telling you about me, you listen or pay attention anyway so fcuk it. Just go DMA guys and keep us all posted to how you do in the real world. No 50-50% or 10% spreadbetting, if there that bad, use 100% DMA. Simple and easy, and dont forget to keep us all posted on the millions your making.

Good Luck, you'll need it for the real world. (no £1 entries on DMA or accounts at £500)

All the newbies lining up to to slag the sb "yawn" yet again.
newbies go dma and give us a rest!!!!!!!!!
 

eyyup

Newbie
9 0
ibex666

Thanks for the input. Very intelligent and useful post.

I have had an IB account with NT platform for a number of years now.
For some reason you seem to miss the point. Nobody's asking you make a post. Give yourself a rest and don't post.

Ah.....I see now. Spoken from a shelf, wedged firmly somewhere between the buttocks of LS.
 

ibex666

Member
88 8
loser

ibex666

Thanks for the input. Very intelligent and useful post.

I have had an IB account with NT platform for a number of years now.
For some reason you seem to miss the point. Nobody's asking you make a post. Give yourself a rest and don't post.

Ah.....I see now. Spoken from a shelf, wedged firmly somewhere between the buttocks of LS.
As Lee said thread full of LOSERS!!!!
 

eyyup

Newbie
9 0
Ibex666. - Is that because you were spawn of the devil ? Or just that you are not very interesting ?
 

A Dashing Blade

Experienced member
1,373 170
Lee Shepherd - Can't understand the attitude. Sounds to me like you've got issues. Hope it's nothing to do with your last blog entry dated 8th-14th Sept. Ooops ! Why have you discontinued the blog ?

I'm new to this site, but have already deduced you're a jumped up little ars***le of a boy. Grow up. You are a legend in your own mind. Get real.

Possibly not the best way to endear yourself to the TW2 community!
ADB pulls up chair & opens popcorn!
 

Lee Shepherd

Senior member
2,164 573
Lee Shepherd - Can't understand the attitude. Sounds to me like you've got issues. Hope it's nothing to do with your last blog entry dated 8th-14th Sept. Ooops ! Why have you discontinued the blog ?

I'm new to this site, but have already deduced you're a jumped up little ars***le of a boy. Grow up. You are a legend in your own mind. Get real.


I have updated my blog for all the neg heads out there that think everyone blows up in the world of trading. As you found the time to pick out one losing set of trades and try and make a big thing out of nothing, I thought I'd take the time to show you that once again, you have me all wrong old boy.

Every trader losses money, its how much you win against the loss that counts.

Also, try dropping the attitude, you wont make any friends like that, and of course, if your not interested in making friends here, fcuk off somewhere else. This is a very good friendly forum with a wealth of knowledge to help people make better financial lives for themselves, this we all post for free and ask of nothing in return. Try getting to know people first before insulting them randomly.

Be good.
 
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ibex666

Member
88 8
appology

I appologise for my earlier comments !!!!!!!
JUST FED UP WITH sb being slagged down, which just puts off newbies to the game before theyve even had a chance!!!! We all had to start somewhere, and positivty is the key to success!!!!!!!!!!!!
 
 
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