Rigged MarketMaker CFDs

[Wysiwyg]

look at all these tails o my GOD my broker is trying to get me, this is a ECN.
O what shall I do they're all out to get us.

This is trading people get used to it Jeeezzzzzzzzzz

Yeah, the words of experience!No point bitchin` `bout the game rules.Gettin` street smart is a tough gig.

 

[nuking]

thats the market.
Specially on MM you just have to find the way to go under it, over it, around it or through it.

 

[>Apocalypto<]

regardless of whether you trade on ECN Currenex or dealing desk market maker at certian times of the year and the day there is just no liquidity and you will get evil price action that will just chew you out.

have a look at the green circles in both the high biz and low biz times. This is the EUR/USD the most liquid market on the earth. there is nothing there see the massive ranges this is a key sign we have no action and a penny will spike the market.

this is the exact reason I clock off for the year on the 19th. there is no liquidity in the FX markets ATM. It matters not what broker u use it's going to be the same for u.

the chart posted is a ECN broker ATC Brokers. they get their feed direct from Hotspot fxi.

so keep this in mind when looking at your Market Makers prices.

Merry Christmas all

 

[Duffenator]

Think my point is getting a bit lost in here. I am not saying MM seek out stops, or that spike s in price action are dodgy, and I am not saying that I am not profitable because of MM.

I am saying that MM appear to be able to change their price of an underlying contract at their whim. Also, I am saying they, at least my provider, is very reluctant to let their clients know how price is calculated. This in essence means you do not know what you are trading and is more akin to a gamble than a trade. Such behavior by a MM makes trading patterns difficult because you are no longer trading a price that represents human nature, you are trading a price that represents MM nature.

Also, if we do not know how their prices are calculated, then it opens the door for price manipulation in their favour, if they so choose. However, any such manipulation is completely within their rights because they would just label it "fair value".

 

[chops_a_must]

I am saying that MM appear to be able to change their price of an underlying contract at their whim. Also, I am saying they, at least my provider, is very reluctant to let their clients know how price is calculated. This in essence means you do not know what you are trading and is more akin to a gamble than a trade. Such behavior by a MM makes trading patterns difficult because you are no longer trading a price that represents human nature, you are trading a price that represents MM nature.

Yeah.... maybe that's because they are market makers perhaps?

 

[mr.x]

did i read that properly no cgt on cfd trading.

 

[lucky milo]

I dealt with them 3 years ago & met a broker who use to work with them..put it this way it a great business model....BEWARE...what I heard was shocking. They set out to get as much money from you, they just rely on big turnover of clients.

 

[James Austin]

I dealt with them 3 years ago & met a broker who use to work with them..put it this way it a great business model....BEWARE...what I heard was shocking. They set out to get as much money from you, they just rely on big turnover of clients.

lucky,
please be more specific and detailed.
thanks
james

 

[lucky milo]

??? I'm just stating what happened, I don't wanna write an essay about it..