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Old 01-03-2007, 09:54 PM
forexchess forexchess is offline
 

Join Date: Dec 2006
Posts: 4
Question Leverage... brokers... eSignal...

OK, in no particular order:

1) Does anyone else here use Forex eSignal? It comes free with my account but I haven't the slighest clue... is it supposed to give you arrows (a.k.a. signals) like red when it thinks a pair is going down and green when it thinks it will go up? Or is eSignal rather a fancier platform for complicated technical analysis?

2) I read a lot here about brokers being out to get you (e.g. forcing stop orders... banning scalpers... etc, etc.) OK, I'm wondering, why the heck would brokers care if you make or lose money? Don't they just make money either way from the spreads? I can't understand how it's in their interest for their customers to lose on their trades...do they somehow make more if you lose and less if you win?

3) Who provides the leverage? When you can buy/sell 100k with 1k of your own money, who puts forth the other 99k... the broker, the big (inter?)banks or someone else altogether?

I thought I had more but they escape me at the moment so thanks in advance to anyone who can help clarify.
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