Forex Brokers always Spy their Traders

forex-broker-spy.jpg(by daily20pip.com) Do you realize that your Forex Broker knows about you and your trading habits? Your Broker will know a lot more about you and your trading habits than you may realize, especially if they run their own Dealing Desk rather than routing your order straight through to the Inter-bank.

 

Each you open your position it will create a pattern of trade each day that is easy to follow, and with the help of technology is something that is simple to track and report. If for example you regularly trade the same currency, you use the same Lot size, and you tend to hold the trades for set periods of time, your new Order can be reliably erased with brokers new position in opposite way.

 


Your elemen of trading will be recorded at their database such as your habits, your Trends, your Stop areas, your Take Profits, and even the length of time that you are in a trade and it will a great tool for a Broker to leverage in being able to set the criteria in deciding whether Orders go to the Market or not in order to against the weakest position to gain their (brokers) own profit.

 

At least don’t play with this kind of Big Boys as we just a personal trader with very limited capital. Just set your own system rules and exit channel, try not to make money in forexbut do try how to take the good opportunity to made money from forex trading by follow the Big Boys waves, follow the trend until it bends.

 

 

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