Hi ForexNinja. I have been trading for a couple of years. I keep reading about how the brokerage firms are all ripoffs. Forex.com, FXCM, GFT. Can you tell me if you have a favorite and how can these brokerage scam you? If you put a stop-loss and think that the broker made you reach that stop is crazy. That mean that BOJ will let their currency go up/down because some brokers want to hit their clients stop loss orders? please advice and thanks.
your question is quite interesting but as there are different quotes from different banks so they always choose bad quotes to hit your stop loss. If you see the lows and highs at bloomberg or at reutors you will always see a difference and this is how brokers cheat - but if you are good enough with your strategy they cannot cheat and every broker don't do this. I have been trading from a long time with a company fxdialogue and I was never cheated because my broker's interest and my interest matches. My broker want me to earn so we have a long term relationship. I traded with the companies like GFT , FXCM but all disappointed me.
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