Jurnal trading forex bender
Is it my responsibility to understand that? Well, as I wrote in the post linked above: Ok — so Saxo Bank has told clients that their fills were no good. How the heck did that happen? Big wholesale currencies-dealing banks pump out prices.
Retail brokers suck those prices in, add a bigger spread, and push them out to mom-and-pop traders under their own name. So the brokers handle all the client interaction, and snag the extra spread, and the big banks get a bit of extra business without all the fiddly issues that come with handling relatively unsophisticated clients.
Even in volatile periods, this business model still works fine: A nonsensical quote that will be reneged upon after the fact is much worse for a trader than a legitimate quote at the proper even if inferior price.
Just like in equities? There is no single venue for currencies trading. Why is this difficult? Why are we making excuses for them? So the brokers have a choice: NOW — we need to get back to my disclaimer: So now you know — and the next time you get burned on an absurd legal!? Clients that lost money can blame us, or they can blame themselves. We have always helped and guided them on their risk management of the Swiss franc and warned of the risk. So the brokers have a choice: NOW — we need to get back to my disclaimer: So now you know — and the next time you get burned on an absurd legal!?
Clients that lost money can blame us, or they can blame themselves. We have always helped and guided them on their risk management of the Swiss franc and warned of the risk. Again, I am not a Saxo Bank customer, and I did not lose money trading the Franc, but it seems like this is completely missing the point.
Know the Product You Are Trading. Does that mean that the equity markets are a complete and utter farce too? This is where FX is different: However, FX also has less of an excuse, as the brokers are propagating prices which they cannot interact with, and creating the problems of erroneous fills themselves.
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