Interbank Fx rigged?

[learningfx]

It appears that many traders either had the experience with stop hunting or other issues with brokers.

Those problems can be eliminated by having a trading account with a broker who is registered with Chicago Mercantile Exchange.

There you would have a recourse and your money is in a much safer place.

When I'm ready to live trade none of the fx brokers will see my funds.

Don't rely on NFA as they are of no use to us small fish. They can regulate, but not enforce.

[n_aftab]

can you post an example + chart, also what was your stop loss.


One of the comments was to check with an independent broker, google metatrader, its free, download it and compare.

N

[uptick]

Originally Posted by learningfx

It appears that many traders either had the experience with stop hunting or other issues with brokers.

Those problems can be eliminated by having a trading account with a broker who is registered with Chicago Mercantile Exchange.

There you would have a recourse and your money is in a much safer place.

When I'm ready to live trade none of the fx brokers will see my funds.

Don't rely on NFA as they are of no use to us small fish. They can regulate, but not enforce.

CME... youre talking about currency futures then and not the forex spot market.

CME does not regulate the forex spot market, only the CFTC/NFA.

[abner]

this why i never use stops, that and i plain and simply just don't have to with my system.

[ECN-scalper]

Best to trade without a stop/loss
and without trailing stops. And
it is rather obvious that people
don't even know what stop hunting
is. So study and learn some more
before blaming the brokers or other
smart money who are just taking
advantage of the vast number
of easy dumb money in the market.

[Yarcofin]

I've signed up for my first live account with Interbank FX last week and I'm going to start trading live this week.... I will make the exact same trades in my live account and my demo account and see if there is any difference at the end of the week.

[ECN-scalper]

Originally Posted by Yarcofin

I've signed up for my first live account with Interbank FX last week and I'm going to start trading live this week.... I will make the exact same trades in my live account and my demo account and see if there is any difference at the end of the week.

Wish you the best of luck. Nothing annoys me more
than pitiful traders offering advice only to end up
telling them to be realistic or lower your expectations.
You really won't get anywhere meaningful by lowering
your expectations only to justify it by saying you were
being realistic. Only unwinning traders say crap like
that to themselves and pass it along as some sage
advice. It's all pure crap! Useless crap at that.
So, best of luck to you but the difference won't
come from demo to live conversion, or your trading
method; it will be dealt to you by the ever changing
always unpredictable market. Accept that and you'll
do fine. It still always throws me a curve but
fortunately, I only aim for 2-5 PIPS profit on 50 Lot
trades. It gets a lot easier as your balance increases
because it actually gets safer as funny as that sounds.

[Yarcofin]

On an unrelated note, is anybody else having a problem logging into IBFX at the moment? I tried last night periodically from about 9 pm to 11 pm and couldn't get in at all. It's now 10 am the next morning and I still get a "no connection" message at the bottom of the screen. I've tried clearing my history, restarting my computer... still nothing.

Pain in the butt because I do all my technical analysis and make my weekly predictions on the weekends. Hope it's working by tonight or I'll be sending an inquiry .

[tymen1]

Originally Posted by ECN-scalper

Wish you the best of luck. Nothing annoys me more .............................
...................................

fortunately, I only aim for 2-5 PIPS profit on 50 Lot
trades. .

Since you are trading ECN, your comments are not really relevant to bucket shop broker traders.
Your trading approach obviously works well for you but others do not trade this way.

As a trader who has been on this forum for longer than most and having built a reputation, I would ask of you to take note of your comments that I have quoted.

I would submit that being smug on this forum does little to help anybody.
It is easy to promote self.

When answering other people's problems, it helps to come down to their level, see thro their eyes and genuinely give a sympathetic answer.

I know it can be difficult to do, and it requires some real work on our part.
But the thanks you get is worth it.

For example, look at Abner's post above yours. Now what good is that?

Have you ever seen any of Rhodytrader's posts. He is an expert trader and teacher and his answers are always very genuine and extremely accurate.
If you can copy his style, then your contributions will be very valuable.

[tymen1]

Originally Posted by abner

this why i never use stops, that and i plain and simply just don't have to with my system.

Yes we know Abner.

You are the only trader here who never uses stop losses and has the only win/win system in exitence.

Even so, you are not a millionare.

As a trader here who has been on this forum longer than most and built a reputation, may I suggest some change of attitude on your part.

If you see people in genuine difficulty, then give them some meaningful help.
Be sympathetic and try to offer a real solution.

But as long as you are going to be aloof and stuck up then you are not contributing anything useful to this forum.

I have said this to you before.

If you intend to continue being arrogant, then you best next trade is to get off this forum and leave altogether.

Go and make your millions somewhere else.