Recent content by Earl Hayek

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    Brokers... how do they work?

    an attempt at the tip of the iceberg Hi Raevyn, First of all, RahmanSL has an extremely valid point - "The explanation on the mechanics of Forex Trading is not short nor easy to write!" But let me try and simplify the basics as much as I can... It helps to think of the broker as fresh produce...
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    Stop hunting may be a fact of trading life but this is ridiculous.

    Any progress? Egwig LaFitte and Tedlancaster, I am curious.... :ooh: Did any of you manage to get your money back?
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    stoploss hunting?

    They all do! :D The question shouldn't be which brokers hunt stop loss, it should be who does it illegally. After being burned myself I did some proper research and found out that true stop hunting is actually a trading method used by the big sharks. Here is a nice article by Scott Percival...
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    Stop hunting may be a fact of trading life but this is ridiculous.

    SUE THE BASTARDS!!! :cool:
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    Artificial Spike

    verry suspicious! 50 pips is extremely irregular. If it was a true spike in the market you should’ve seen it everywhere. Did you check the calendar? Maybe something happened around those times to cause this spike. Who is this broker? Are they regulated?
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    Burnt by broker on S.L

    who are those mystery brokers? it's kind of hard to help you without names, dates and rate details...
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    stoploss hunting?

    speaking of bucketshops... On 18.8.2010 at 02:00 (GMT) my bullish trade on Gold was closed on S.L (price : 1221.00) by my so called honest broker, etorro. When I looked on the chart, there was a huge spike so I called them up... They told me that there was "high volatility" on GOLD at that...
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