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	<title>Comments on: for an experienced Forex trader : is this all &#34;booked&#34; or there is something real?</title>
	<link>http://www.myylt.com/2010/06/08/for-an-experienced-forex-trader-is-this-all-booked-or-there-is-something-real/</link>
	<description>Discussion of Forex Trading and Currency Trading</description>
	<pubDate>Thu, 24 May 2012 03:04:43 +0000</pubDate>
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		<title>By: agent4927</title>
		<link>http://www.myylt.com/2010/06/08/for-an-experienced-forex-trader-is-this-all-booked-or-there-is-something-real/#comment-26507</link>
		<dc:creator>agent4927</dc:creator>
		<pubDate>Tue, 30 Nov 1999 00:00:00 +0000</pubDate>
		<guid>http://www.myylt.com/2010/06/08/for-an-experienced-forex-trader-is-this-all-booked-or-there-is-something-real/#comment-26507</guid>
		<description>I don't think any broker can deliberately rig trades to that extent - have you tried using a different broker?

Spikes happen, but not on every trade. If you are trading in the US time zone then liquidity is a problem,  look at the link with wall street and the way the pairs mirror that for most of the trading session. 

If however you are attempting to trade using a bot - then your broker will eventually pick up on that, or the market will if enough people are attempting the same system.</description>
		<content:encoded><![CDATA[<p>I don&#8217;t think any broker can deliberately rig trades to that extent - have you tried using a different broker?</p>
<p>Spikes happen, but not on every trade. If you are trading in the US time zone then liquidity is a problem,  look at the link with wall street and the way the pairs mirror that for most of the trading session. </p>
<p>If however you are attempting to trade using a bot - then your broker will eventually pick up on that, or the market will if enough people are attempting the same system.</p>
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		<title>By: Paul E</title>
		<link>http://www.myylt.com/2010/06/08/for-an-experienced-forex-trader-is-this-all-booked-or-there-is-something-real/#comment-26508</link>
		<dc:creator>Paul E</dc:creator>
		<pubDate>Tue, 30 Nov 1999 00:00:00 +0000</pubDate>
		<guid>http://www.myylt.com/2010/06/08/for-an-experienced-forex-trader-is-this-all-booked-or-there-is-something-real/#comment-26508</guid>
		<description>Yea there is some truth that the broker &#34;trades against you&#34;, they do make more money in the short term from losing traders.  However the broker is unable to make the market move on their own.  (Remember this is a 3 Tril Dollar per day market).

im more of a swing trader and find that i am quite profitable from that method.   i have learned though that careful placement of SL is nessasary,  and if you constantly place SL too tight it will close out everytime.


The important thing with Management is not where your stop is, but how much you risk per trade.  this is where position sizing comes into play.  remember that 1 lot risked at 20 pips, is the same as 2 Lots risked at 10 pips.  Your consideration must be SL not Profit.

If you are constantly being stopped out i suggest you consider widening your SL rules. while maintaining your risk percentage.</description>
		<content:encoded><![CDATA[<p>Yea there is some truth that the broker &quot;trades against you&quot;, they do make more money in the short term from losing traders.  However the broker is unable to make the market move on their own.  (Remember this is a 3 Tril Dollar per day market).</p>
<p>im more of a swing trader and find that i am quite profitable from that method.   i have learned though that careful placement of SL is nessasary,  and if you constantly place SL too tight it will close out everytime.</p>
<p>The important thing with Management is not where your stop is, but how much you risk per trade.  this is where position sizing comes into play.  remember that 1 lot risked at 20 pips, is the same as 2 Lots risked at 10 pips.  Your consideration must be SL not Profit.</p>
<p>If you are constantly being stopped out i suggest you consider widening your SL rules. while maintaining your risk percentage.</p>
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		<title>By: Warren534_FuturesTrader</title>
		<link>http://www.myylt.com/2010/06/08/for-an-experienced-forex-trader-is-this-all-booked-or-there-is-something-real/#comment-26509</link>
		<dc:creator>Warren534_FuturesTrader</dc:creator>
		<pubDate>Tue, 30 Nov 1999 00:00:00 +0000</pubDate>
		<guid>http://www.myylt.com/2010/06/08/for-an-experienced-forex-trader-is-this-all-booked-or-there-is-something-real/#comment-26509</guid>
		<description>If I may suggest, you'd be better of trading currency futures on the CME. You don't have to worry about this BS, as everything is regulated, and you can see time and sales data provided by the exchange. Your broker is out of the picture.</description>
		<content:encoded><![CDATA[<p>If I may suggest, you&#8217;d be better of trading currency futures on the CME. You don&#8217;t have to worry about this BS, as everything is regulated, and you can see time and sales data provided by the exchange. Your broker is out of the picture.</p>
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		<title>By: b2fnow</title>
		<link>http://www.myylt.com/2010/06/08/for-an-experienced-forex-trader-is-this-all-booked-or-there-is-something-real/#comment-26510</link>
		<dc:creator>b2fnow</dc:creator>
		<pubDate>Tue, 30 Nov 1999 00:00:00 +0000</pubDate>
		<guid>http://www.myylt.com/2010/06/08/for-an-experienced-forex-trader-is-this-all-booked-or-there-is-something-real/#comment-26510</guid>
		<description>I agree that things have changed in the last couple of years. The short answer is that the markets have become more volatile. There are many 1 min bars of 10 or 15 pips in length that go both directions if you watch them real time, and there are a lot more long tails on the candles in both directions. And after a report or during fast markets, the range can expand to 50 pips in either direction.

You're probably placing your stops too close to the market. The market makers are good at picking stops from the little guy that can't afford to lose very much. Also, try not to place stops where everyone else does, where they accumulate, and ASK to be run in a big group. Price finds the greatest volume.

Switch to Forex.com or one of the bigger brokers if you think that's the problem, but it probably has nothing at all to do with the broker.

Decrease leverage and increase the distance of your stop away from the market to a disaster level instead of just a few pips away. 

I've started using mental stops and wait for the 1 min bar to close before I manually stop out. But you have to be aware when the reports are coming out and you're at greater risk of a big run against you. Thus the need for a disaster stop far away from price.

You don't say which pairs you are trading, but you have to trade the high volume times of day if you use a hard stop close to the market. The GBP is the worst for picking stops, the EUR a little better. I trade from 1:00 am to 4:00 am CST and 7:00 am to 11:00 am CST. The rest is a different ball game. 

I prefer forex futures to the spot, and get better fills, but the volatility is the same and I trade both.</description>
		<content:encoded><![CDATA[<p>I agree that things have changed in the last couple of years. The short answer is that the markets have become more volatile. There are many 1 min bars of 10 or 15 pips in length that go both directions if you watch them real time, and there are a lot more long tails on the candles in both directions. And after a report or during fast markets, the range can expand to 50 pips in either direction.</p>
<p>You&#8217;re probably placing your stops too close to the market. The market makers are good at picking stops from the little guy that can&#8217;t afford to lose very much. Also, try not to place stops where everyone else does, where they accumulate, and ASK to be run in a big group. Price finds the greatest volume.</p>
<p>Switch to Forex.com or one of the bigger brokers if you think that&#8217;s the problem, but it probably has nothing at all to do with the broker.</p>
<p>Decrease leverage and increase the distance of your stop away from the market to a disaster level instead of just a few pips away. </p>
<p>I&#8217;ve started using mental stops and wait for the 1 min bar to close before I manually stop out. But you have to be aware when the reports are coming out and you&#8217;re at greater risk of a big run against you. Thus the need for a disaster stop far away from price.</p>
<p>You don&#8217;t say which pairs you are trading, but you have to trade the high volume times of day if you use a hard stop close to the market. The GBP is the worst for picking stops, the EUR a little better. I trade from 1:00 am to 4:00 am CST and 7:00 am to 11:00 am CST. The rest is a different ball game. </p>
<p>I prefer forex futures to the spot, and get better fills, but the volatility is the same and I trade both.</p>
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		<title>By: Eric</title>
		<link>http://www.myylt.com/2010/06/08/for-an-experienced-forex-trader-is-this-all-booked-or-there-is-something-real/#comment-26511</link>
		<dc:creator>Eric</dc:creator>
		<pubDate>Tue, 30 Nov 1999 00:00:00 +0000</pubDate>
		<guid>http://www.myylt.com/2010/06/08/for-an-experienced-forex-trader-is-this-all-booked-or-there-is-something-real/#comment-26511</guid>
		<description>get more help ; open the second &#38; fourth link in: www.total-forex-trading.co.cc</description>
		<content:encoded><![CDATA[<p>get more help ; open the second &amp; fourth link in: <a href="http://www.total-forex-trading.co.cc" rel="nofollow">http://www.total-forex-trading.co.cc</a></p>
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