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How To Tell if Your Broker is Hunting Stops

Discussion in 'General Forex Talk' started by StandingCow, Mar 24, 2008.

  1. StandingCow

    StandingCow Recruit

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    I found out about this info from Cindy of topforexreview.com and thought I would share it with everyone.

    [[How to tell if your broker hunts stops.

    Open a real or demo account at Dukascopy
    and watch their price feed at the same time you watch the price
    feed at your broker, or multiple brokers. At one point I used
    to watch 6-7 different price feeds at one time but now only 2-3.
    At news time you will see the manipulation the most. The other
    brokers will widen spreads, even brokers like Gain Capital who say
    they are now a pass through broker but is not. Unlike a true pass
    through broker like Dukascopy won't have their spreads get wide
    at news time, it will just be fill or kill with your order if you
    try to spike news trade.

    WARNING: Most brokers do not hunt stops on demo accounts, so you
    must keep watching your live account, but you can compare it
    to Dukascopy's demo account becuase they have never hunted my stop.
    And no I am not a rep for Dukascopy.

    Now here is the interesting point, watch price on all the brokers
    as it hits major support and resistance levels and a very
    high percentage of time you will see "price" spike on the bad
    brokers. That means they are hunting your stops. You will be
    shocked how often you will see it, even 5 pips off to me is
    not excusable and it should not be to you also. They do
    this because they are trading against you and make money every
    time you lose. Please don't email me a lot of questions because
    I really don't have time to explain it more, just watch lots of
    broker's price feeds and you will learn. I already have heat
    from many brokers on my bad list and telling the truth now will make
    it worse but I am not afraid. I really want to help all you new
    traders that did not know what I just explained.]]
     
    #1 StandingCow, Mar 24, 2008
    Last edited: Mar 24, 2008
  2. Pharaoh

    Pharaoh Colonel

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    Watching the differences in price feed between any two brokers can definitely be an eye opener.

    The truly sick thing is that there are reports that some brokers actually can arrange slight differences in price feed between different live accounts.
     
  3. champion

    champion Recruit

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    good for you standing cow, i would like to hang all these illegal brokers to the nearest tree. im glad your not afread of those bastardly Broker thiefs.,what in the He-- are they doing playing around with, manipulating spreads, they should be put in Jail for on-line Stealing in front of millions of traders,. i will do all i can to put those stealing Bastards out of business, and behind bars... Take Care Champion
     
  4. Cyclon

    Cyclon Company Representative

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    The Matrix?!

    Wow, if that is true then it's kinda like the MATRIX!! Feed each person what they want to believe. Too much!!

    Well there is still only one way to put a stop to it and that is to have a system which will put you into the trade like you should be. Check this interesting excerpt:
    http://www.forexpeacearmy.com/forex-forum/general-forex-talk/775-best-chart-4-forex.html

    If you are not in it right you probably WILL get stopped out with all the volatility. No way I'm gonna let them do it to me (not that they haven't in the past) anymore. supertradesystem all the way!

    Cyclon declares war. LOL :hissyfit:
     
  5. Mugwump

    Mugwump Recruit

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    When

    will this industry become regulated? Why hasn't it happened? Is it because us little people have only been able to trade forex for a few years running now?
     
  6. alanshawn

    alanshawn Private

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    Mugwump
    It is to hope that industry will NEVER be regulated.Otherwise it will the end of it.Its simply human nature at work.Get out of the golden cage.Dont think I am defending the crooks.We are all responsible for our own life and we fix problems ourselves without any government intervention,Thanks God.
    If you want to become a trader change first your way of thinking
     
  7. OzWizard

    OzWizard Corporal Punishment

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    What are you SMOKING???

    REGULATION WILL BE THE END? :eek:oh:

    hmmmm, bye-bye CME, CBOT, NYSE ???? ;)

    O Z 'in I AM IN DENIAL land'
     
  8. alanshawn

    alanshawn Private

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    HOW ARE YOU READING?
    There are huge differences in mental conceptions between eastern european and north american languages.
     
  9. OzWizard

    OzWizard Corporal Punishment

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    Last time I checked......

    ..... your post was written in ENGLISH! I assume it is N. American english?

    Where's the (mis) conception? You stated 'REGULATION', fairly straight forward, easy to comprehend TERM!!!!

    I will not engage you in a 'Battle of Wits'..... as I (see below)

    O Z in "never fight an unarmed man" LAND :D

    PS - I am a good 'ol Yankee living the high life here, EE mentality has
    nothing to do with IT!! :p
     
  10. Pharaoh

    Pharaoh Colonel

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    Oz prefers to trade in the futures markets, which are highly regulated.

    In general (not just in financial terms), more regulations make things safer, but also tend to stifle freedom and creativity.

    Sadly, a lot of forex brokers user their freedom and creativity to find new and more efficient ways to freely and creatively extract money from clients.
     

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