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Old 06-30-2008, 10:46 PM
JonnyFX JonnyFX is offline
Junior Member
 

Join Date: May 2008
Location: Newport Coast, California
Posts: 81
JonnyFX is still new to the BabyPips.com Forum
Default Yup...

It's painfully obvious that most newbies to
trading don't really know what "stop hunting"
is and how it could only work against you.
It would only work against you if you set
your stop/loss where majority of "dumb money"
places the stop/loss. Nobody can manipulate
the market price against you. So before you
get into a nasty habit of blaming brokers, ask
why and how there are traders, on IBFX mind you,
routinely earning 200-700% every single month.
Why don't you take a peek at the mini-account
contestants and see what the top 10 are doing
versus what the bottom 10 are doing. And sorry
to disappoint, but FX trading is far from being 50/50
luck of the draw. When someone comes out saying
such and such broker is scam, rigged, etc... I know
I am looking at a trader who refuses to take
accountability for their lack of knowledge.
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