Friday, April 1, 2011

How To Tell If Your Broker Hunts Stops

Hi JcLyons Forex Signals

How to tell if your broker hunts stops.

Open a real or demo account at Dukascopy
http://www.dukascopy.com
or
http://www.fxdd.com
and watch their price feed at the same time you
watch the price feed at your broker, or multiple
brokers.  At one point I used to watch 6-7 different
price feeds at one time, but now only 2-3.
 
At news time you will see the manipulation the most. 
The other brokers will widen spreads, even brokers
like Gain Capital and Interbank FX who say they are
now a pass through broker, but are not.
 
Unlike a true pass through broker like Dukascopy and
FXDD they won't have their spreads get wide at news
time, it will just be fill or kill with your order if
you try to spike news trade.

WARNING: Most brokers do not hunt stops on demo accounts,
so you must keep watching your live account, but you can
compare it to Dukascopy's or FXDD demo account becuase
they have never hunted my stop. And no I am not a rep or
IB for either broker.

Now here is the interesting point, watch price on all the
brokers as it hits major support and resistance levels and
a very high percentage of time you will see "price" spike
on the bad brokers.  That means they are hunting your stops. 

You will be shocked how often you will see it, even 5 pips
off to me is not excusable and it should not be to you also.
They do this because they are trading against you and make
money every time you lose.  Please don't email me a lot of
questions because I really don't have time to explain it
more, just watch lots of broker's price feeds and you will
learn.

I already have heat from many brokers on my bad list and
telling the truth now will make it worse, but I am not
afraid of them. I really want to help all you new traders
that did not know what I just explained see how these
brokers really work.

The broker I use and suggest for trading EA's is FXCM UK.
I can also give you a 50% discount of my EA service if
you open an account there. Here is the link, it only takes
10 minutes to open an account.

Open An Account Here

Thanks,
Cindy
Top Forex Review
http://www.topforexreview.com






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