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Never trust your forex broker. Always be wary of your forex broker. You know this thing that most of the time your forex broker is trading against you. Yeah, this is true.Do you know this that most of the time, your broker will be tripping your stop losses ! Discover Forex Broker Nightmare. Watch this shocking Forex Mastery 2.0 and M3 Forex Software video predicting the DOW crumble days before it actually happened. Try Forex Mastery 2.0 System RISK FREE for 60 days. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade!
You need to understand that forex brokers are above all marketing machines. Forex brokers continuously require a flow of new clients, since many retail forex traders don’t survive longer than a few months. After losing, more than 90% simply quit and give up forex trading.
Forex brokers are free to offer any price to their clients. Most of the brokers get price quotes from the interbank market with a 1 pip or even lower spread. To this pip spread they add 2 or 3 or even more pips as the price quote to their clients. These 3 or 4 pips are the risk free profits that the brokers make for each round trip trade. You see why fx brokers are giving you free platforms and trading signals, only to make you start trading as soon as possible. Your broker will make more risk free money, the more you trade!
One of the best tricks that forex brokers use is Stop Loss Tripping. If they find many stop losses at a particular level, there will be a momentary blip in the price feed to take out most of the stop losses. You can’t do anything. It was a momentary spike, so small that it only tripped the stop losses.
Since, there is no central exchange to compare moment by moment prices, your broker can offer any excuse like there was sudden large order in the market or the broker feed is much faster and reflects true interbank rates .