Wednesday, August 3, 2011

TRADING OUT OF THE BOXES

Most savvy trader will look for the most competitive cost brokers. For forex, it means the most tightest spread in the world will win their attention. They thought that less cost means bigger profit potential. If able to, they will search for forex brokers with 0.1 pips spread.

While on the other hand, beginner will be trapped by more expensive brokers. These brokers usually hired lot of marketing staffs and focus on personal approach. The commission will be staggering like 3 pips spread plus 5 pips commission per trade. Savvy trader will avoid these kind of broker even without glimpse of eyes.

Unfortunately, cheap broker means they're more efficient than expensive broker. Savvy trader tend to find lot of holes and their brokers will be very soon close it over and over again. They even have bug division monitoring traders that playing dirty at their platform. It means that savvy trader have to play honest, and play honest against the market is imo a super difficult to do.

While the dumb traders stay with expensive broker, they have no ideas to exploit these brokers. If they become smarter, first thing to do is moving to the cheaper broker and compete with other savvy trader inside. So, these brokers is comfort with their status quo and still using technology five years old. Savvy traders won't even look at those expensive crooked brokers.

The Out-Of-The-Box Traders (like me) with little luck find these opportunities and find a gold mine. And some of out of the box traders even go further like looking for other brokers and search new method exploiting the holes. They knew these won't last long and vulnerable with greedy late-comer. So, cat and mouse game begin. The work not just only applied the trading method but also fooled the broker, kicked out the late followers who licked your butt for little hints, some greedy wolves who already in the game, decoying, drop-easing, manipulating, false information and so on.

For the first time in my life that I was able to fight back the greedy giant broker. So for another forex brokers out there, you better pray cause your time now is short. First step is draining the biggest local brokerage in my country lol

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