Defending yourself in forex market in case of a broker’s misconduct episode 1

dmgmwenda By dmgmwenda, 18th Aug 2011 | Follow this author | RSS Feed
Posted in Wikinut>Business>Investment

Sometimes you may feel like you a so small surrounded by big bad brokers, you don’t have to be a victim. If you are victimized or brokers take advantage you can take the following measures to help you in case of anything

Defending yourself in forex market in case of a broker’s misconduct episode 1

Sometimes you may feel like you a so small surrounded by big bad brokers, you don’t have to be a victim. If you are victimized or brokers take advantage you can take the following measures to help you in case of anything. 1.comparison of rates or price feeds from different sources imagine you a camel with blinders ,the camel vision is always limited to what is in front of it .if there barrier in front the camel has no option but to add more pressure needed to pass or jump them .this makes the camel feel down
If your only use on rate feed on you trading station you trading like a camel with blinders on, you don’t have the picture of happening on the forex world since you have limited yourself to one broker price feeds. If your broker chooses to manipulate rates, widen the spreads and run your stops, you have no way to know if the more represent the whole market. Don’t be like the blinded camel if you are a sharp trader you need to know every happening in the market or complete view of market.
The best option is to subscribe to a second third and even fourth price and rate feed .this will allow you to confirm whether the market moved the way you saw in your plat form ……..watch for the second episode of series on what you should do to defend yourself

Tags

Forex Investment, Forex Trading, Forex Trading Scam, Forex Trading Tip

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author avatar dmgmwenda
am a nature loving man,i have passion for photos and internet

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Comments

author avatar Rathnashikamani
21st Aug 2011 (#)

Nice advice to be careful in forex market.

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