Does Real market access Forex exists?

[JohnOptimist]

@John_Mn

they call themselves Regulated.

Many CALL themselves regulated. Some actually are. Far more are not.

@shanmugapradeep

In financial Market betting does not consider as pure gambling as it involve Skill and Analysis

So does poker, but every country considers that gambling.

[shanmugapradeep]

@JohnOptimist

Many CALL themselves regulated. Some actually are. Far more are not.

Trade only with forex broker regulated from UK, Australia and USA. Ignore all other Forex brokers whether they are regulated from somewhere else or unregulated.

@JohnOptimist

So does poker, but every country considers that gambling.

I felt similar when i get to know about it. But the fact is Financial instruments does not consider Gambling.

[John_Mn]

I don’t mind gambling or betting, it’s fun and I like it … question is - is it even possible to win while playing against player who is your opponent AND the referee at the same time (the Regulated retail brokers I’m refering to). Thanks.

[S_Jane_M]

@John_Mn

question is - is it even possible to win while playing against player who is your opponent AND the referee at the same tim

That’s exactly the right question and the right wording. My own answer’s in my post above, and was based on FCA information, which I believe: it’s possible but not easy.

(About 20% of customers are profitable over any 3-month period, but very few are profitable over a whole year. Anyone profitable long-term certainly wouldn’t trade spot/CFD anyway, for many reasons.)

[DaddyPL]

I’ve heard stories where some brokers manually put a TP on your trades or when you place a trade, MT5 just stops connecting to your account until your account ha been BLOWN

[DaddyPL]

Maybe he’s referring to analysis in the sense that you can somewhat predict the outcome

[shanmugapradeep]

@John_Mn

question is - is it even possible to win while playing against player who is your opponent

1. Trade with ECN and STP. In this case Forex Brokers are not your Opponent but Liquidity providers. So, Forex broker will not scam you.

2. Trade with Forex Broker regulated from UK, USA or Australia. You will be safe.

[TruncatedUsernam]

@shanmugapradeep

Trade with ECN and STP. In this case Forex Brokers are not your Opponent but Liquidity providers. So, Forex broker will not scam you.

This really isn’t right at all!

These terms “ECN” and “STP” are there to fool you (in your case successfully, it seems).

Many of us have noticed that the Flamingo always explains this clearly, and these threads will help you, if you read carefully:-

Who gains for my losses?

no i wouldn’t bother this post tells you what you need (i hope!!) -

Text correction: dealing desk or non-dealing desk?

they do which is exactly what all the counterparty market-makers want them to think, of course and many of the conversations in this forum tacitly assume that when people are “trading” with these “brokers,” they’re actually dealing in currencies rather than just having a side-bet on the price-movements of currencies! indeed - but you can’t really blame people for imagining that, when the whole industry is set up to encourage them to believe it? all you can do is annoy and irrit…

Market Makers vs ECN's

i understand sorry my response was unhelpful what i’m trying to explain (very tactfully and i hope now more helpfully!) is that your question is actually based on a mistaken premise, i.e. you are assuming (as many people do) that they’re two different things the reality is that they are often not, or at least that it isn’t possible for a retail trader reliably to distinguish between them in any ways other than how and by whom they’re regulated “ecn” stands for “electronic communications net…

[shanmugapradeep]

@TruncatedUsernam

These terms “ECN” and “STP” are there to fool you (in your case successfully, it seems).

I know. it designed to fool the traders. ECN/STP your betting against Liquidity providers (Financial Institute, AMC, Banks or Multi-market maker) instead of Forex Brokers. As Forex brokers serve as Middle man. So, it always better to bet against Liquidity Providers instead of directly betting against Forex Brokers (Market Makers).

[S_Jane_M]

@shanmugapradeep

it always better to bet against Liquidity Providers instead of directly betting against Forex Brokers

You’re completely missing the point, @shanmugapradeep

Your comment that a forex broker won’t be scamming you if you trade with an ECN STP broker is entirely wrong, and mistaken advice.

Thanks, @TruncatedUsernam for pointing this out.

[shanmugapradeep]

@S_Jane_M

Your comment that a forex broker won’t be scamming you if you trade with an ECN STP broker is entirely wrong, and mistaken advice.

I never said. They won’t scam. I said it better to bet with Liquidity Provider Instead of Forex Broker. Directly betting with Forex broker involve more chances of getting scammed.

And if you check my comments. my final conclusion to trade with broker with combination of (STP/ECN) + (UK/USA/Australia regulated). So, the chances of getting scammed will be much and much lower.

[John_Mn]

I would like to thank you all for your participation, you guys are great!
As for myself - I’ve recently switched from one of the biggest and over-regulated UK retail brokers (not going to mention names here), where I was constantly losing … to one big Prop firm, and all of the sudden I’m 90% on the winning side ! … I’m not suggesting anything here, just wanted to share it with you as a side note.

[DaddyPL]

Good Luck