Good luck DT. Always knew you are one of the best traders and be able to identify and take advantage of loopholes in the system. A few brokers ( usually white labels based offshore such as Cyprus )are known to have lagging prices. Hope you do not get emails like these:
"It has come to our attention that some of our customers have been trading on prices received that were manifestly incorrect."
"We are investigating your recent trading patterns as we are concerned that you have been trading on delayed/latent prices. "
"the decision was unanimous that you were exploiting delays in prices for profiting. "
Hi Diario, It's local broker and doubt it had branch on your country. When you bought on major currency, you'll get 3 pips spread and 2 pips commission per settle. Spread widened if news come out to 5 pips max. Even with those crazy spreads, still easy to trade.
Hi Trading Arcade, Wow, compliment of the year for me..thanks :) Since you had those sentences, I believe u're one of the exploited loop hole broker. If you're curious about my trading style..no, I don't use that method. But it's very lucrative. Maybe I will try the technique later. :)
And how about Cyprus and White Labeled Broker? Looked suspicious to me. Can you explain more?
DT, white labels are 'franchisee' of existing brokers. They may claim to be brokers, but are actually just agents operating under the umbrella of the master broker. With that extra route from the master broker to their trading platform, there's usually a price lag. Those white labels usually register their companies offshore to avoid the regulatory authority of the home countries which have stringent requirements( such as US, UK, Singapore and Australia ).
There should be a clause under the terms of business to protect themselves against price delays, especially during release of crucial economic data. You are the luckiest person on this planet if this 'broker' of yours is unaware of what's happening. If that's the case, how about trading with bigger sizes and become the richest person in your country :)
TA, thanks for your explanation. As long as those white labels broker don't cheat, it's okay I guess.
Like I said before, I don't exploit lagging data on my technique. Tried it before with no success. But I am pretty sure it worth researching. The broker have feature of Turbo Dealing. One click buy or sell. MT4 has it but this broker's platform have no delayed at all unlike MT4. Just need a faster price quotes for news and I got another loopholes :)
Oh and about become the richest person in my country, I doubt it because even if I broke the broker still not enough :). But become wealthy enough I'm sure of it.
Eat that you bloodsucker cheating broker!!!!
What is this broker????
ReplyDeleteAll of this just in comissions???
Good luck DT. Always knew you are one of the best traders and be able to identify and take advantage of loopholes in the system. A few brokers ( usually white labels based offshore such as Cyprus )are known to have lagging prices. Hope you do not get emails like these:
ReplyDelete"It has come to our attention that some of our customers have been trading on prices received that were manifestly incorrect."
"We are investigating your recent trading patterns as we are concerned that you have been trading on delayed/latent prices. "
"the decision was unanimous that you were exploiting delays in prices for profiting. "
Hi Diario,
ReplyDeleteIt's local broker and doubt it had branch on your country. When you bought on major currency, you'll get 3 pips spread and 2 pips commission per settle. Spread widened if news come out to 5 pips max. Even with those crazy spreads, still easy to trade.
Hi Trading Arcade,
Wow, compliment of the year for me..thanks :)
Since you had those sentences, I believe u're one of the exploited loop hole broker. If you're curious about my trading style..no, I don't use that method. But it's very lucrative. Maybe I will try the technique later. :)
And how about Cyprus and White Labeled Broker? Looked suspicious to me. Can you explain more?
DT,
ReplyDeletewhite labels are 'franchisee' of existing brokers. They may claim to be brokers, but are actually just agents operating under the umbrella of the master broker. With that extra route from the master broker to their trading platform, there's usually a price lag. Those white labels usually register their companies offshore to avoid the regulatory authority of the home countries which have stringent requirements( such as US, UK, Singapore and Australia ).
There should be a clause under the terms of business to protect themselves against price delays, especially during release of crucial economic data. You are the luckiest person on this planet if this 'broker' of yours is unaware of what's happening. If that's the case, how about trading with bigger sizes and become the richest person in your country :)
TA,
ReplyDeletethanks for your explanation. As long as those white labels broker don't cheat, it's okay I guess.
Like I said before, I don't exploit lagging data on my technique. Tried it before with no success. But I am pretty sure it worth researching. The broker have feature of Turbo Dealing. One click buy or sell. MT4 has it but this broker's platform have no delayed at all unlike MT4. Just need a faster price quotes for news and I got another loopholes :)
Oh and about become the richest person in my country, I doubt it because even if I broke the broker still not enough :). But become wealthy enough I'm sure of it.
Have you try to withdraw your profit yet?
ReplyDelete