Banned from FCM?

[bubbajenkins]

I work as a broker for a known FCM. I was attempting to bring in a new client when the head trader said that this particular client had been barred. So, I asked a fellow broker what the head trader meant and he said that the client waits for the deal desk to take thier eyes off the screen and he goes in for a quick profit. As a result, his got account was closed. Does anybody know how in the world this works?

[Yarcofin]

I don't understand... was it a dealing desk where you are placing the trades for him?
How was he able to see your screen?

[bubbajenkins]

I'm not sure what he meant. All I know is that this particular trader knew how to manipulate the dealing desk and exploit it's human error. I think it had something to with the spread. Apparently, FCM's, as opposed to ECN's, do not like this type of trader. In other words, this trader had a way of beating the house. Again, if you know of anybody who might know what i'm describing, let me know.

[mytwopips]

Originally Posted by bubbajenkins

I'm not sure what he meant. All I know is that this particular trader knew how to manipulate the dealing desk and exploit it's human error. I think it had something to with the spread. Apparently, FCM's, as opposed to ECN's, do not like this type of trader. In other words, this trader had a way of beating the house. Again, if you know of anybody who might know what i'm describing, let me know.

Most likely taking advantage of a price feed lag between the FCM feed and another faster feed. Scalping when ever price beat the spread in that short short short time period.

Brokers don't play that.

[TheRumpledOne]

You don't have to worry about that when dealing with an ECN like EFX: Experience Forex Freedom

You can scalp all day/night long.

Remember to tell them THE RUMPLEDONE ONE sent you.