Compliance – Insuring Integrity of Trades or Outright Theft?

[ernest8fingers]

I agree

The point is not about scalping or not. The point is when a bucket shop sees you making money consistently, they don't like it. They'll find a way to erase your profits or shut you down. If you scalp and keep losing, they would be very happy about it. That's why they're called bucket shops. They're sitting on the opposite side of the table. Same thing happens if you keep winning money consistently from the casinos, they will keep you from coming back, because every dime you make is every dime they lose. Their businesses are set up to make money , not to lose money. The fairest way to trade is through a true ECN broker or to trade futures market because your brokers would be very happy to see you making profits because in a real trading market as opposed to the virtual bucket shop market , your profits come from the other trader who takes your positions, not from the brokers.

Journryman I agree 100% w/u. (shocking aint it?) You are right on the money here. Maybe these new guys(collectiveFx) can fill the need for a "real Forex Broker" that offers the MT4 platform. Time will tell. And I am sorry for my rudeness in early posts between us. We all fight the same battles when trading this crazy market.

 

[journeyman]

No Problem

Journryman I agree 100% w/u. (shocking aint it?) You are right on the money here. Maybe these new guys(collectiveFx) can fill the need for a "real Forex Broker" that offers the MT4 platform. Time will tell. And I am sorry for my rudeness in early posts between us. We all fight the same battles when trading this crazy market.

To be honest, I didn't find your comments rude at all. I can tell you're just trying to contribute to the forex trading community here, just like I am. There could be times we can't agree with each other, but isn't that what a forum is for?

 

[ChrisEccles]

Experiment

I'm going to conduct a test next week.
-
I shall enter a few scalp trades which (hopefully!) take a smallish
profit on an established trend, leaving the trades active for only around
5 minutes or less, using 1-min charts.
-
Then I shall do the same thing, deliberately aiming at a small loss, by
setting a ridiculously close stop against the trend.
-
I shall wait for three weeks, then withdraw a small amount from my
trading a/c. I will report back here with the numbers. I would hope, and
expect, to see that the withdrawal audit reflects my brokers' statement
(see earlier post), insofar as I want to see both my winning and losing
scalps at the true pip values I have in my written trading log.
-
Chris