FREE TRADING PLAN PDF + OTHER ESSENTIAL TRADER INFO
On all aspects of becoming a profitable trader and for an exclusive forex basics PDF visit our website at http://www.net-planet.org/index.html
I read a lot about the above subject and most traders don’t understand the role the online forex broker performs.
So, is an online forex your friend or your enemy?
The answer is:
Neither. If you know how to use a broker correctly, all they do is simply transact orders on your behalf and that’s it.
Brokers don’t hunt stops
The thought that brokers go around hunting stops and trying to “get” their clients is not true.
This myth comes from day traders who cant understand why they get stopped out so often and lose, so they blame their broker.
What they should really look at is:
That their systems are flawed and the real enemy (if it can be called that) is price volatility.
Volatility is only the enemy though if you let it be.
The fact is though that trading in short time frames with close stops is a great way to lose your money.
That’s the traders fault and they need to deal with volatility.
If you jump in front of a speeding car you will get run over.
That’s not the cars fault, its yours.
That’s why you never see a long term day trading track record with a profit and a great excuse is blame the broker not the logic of day trading!
I was a broker for 10 years and we loved day traders, they would lose their money with no help from us and give us a great profit.
We didn’t need to help them lose they did it all on their own.
Think about this simple fact:
In a market that trades trillions of dollars a day short term moves are random and no one (apart from a central bank maybe) can push prices where they want them.
All you need from a broker is a tight spread and that’s it and there are plenty of brokers who will give you that.
Then its down to you to cope with market conditions.
Brokers that can harm you.
Are the ones that offer advice to help you trade.
Well, if they were so good at trading they would be traders not brokers!
The fact is your broker should simply transact your trades and the rest is down to our trading methodology.
An online forex broker then is neither a friend or an enemy there simply there to transact orders.
Get one with low transaction costs don’t take advice and then you can set your trading plan in motion.
It really is that simple.
- Related Videos
- Related Articles
- Ask / Related Q&A
- 3 Key Steps to Successful Online Forex Trading - Forex Trade
- Key Secret to Successful Forex Trading - Forex Software
- Learn Forex Trading - Forex Software Or Forex Courses Which is the Best Option For You?
- Forex Trading Online - How to Make Money Online Through Trading Forex
- Forex Trading - Forex Schooling for the Novice
- Forex Trading - Forex Secrets That Need to be Revealed
- Auto Forex Trading - Forex Trading System Review
- Auto Forex Trading - Forex Professional System Trading For Greater Profits
Wall Street Criminals Desperate to Keep This Forex Video Out of Your Hands!
By: Rob Trader | 16/12/2009In this video Forex Trader Lee Campbell shows you how greedy Wall Street Criminals spend over HALF A TRILLION DOLLARS every single year to keep their biggest scam going strong. This fraud is so huge it makes Madoff look like small fry, and EVERYONE is affected.
Forex Signal Money Management Techniques
By: Roman Sadowski | 16/12/2009Money management is the most important tool while trading forex signal systems. It will control the risk and distribute investment strategy in such a manner that the trading account will be protected against few consecutive losses and will preserve the ability to continue trading when such a situation occurs.
How to Make Money With a Currency Trading System
By: Huey Davis | 15/12/2009Do you want to make money using a currency trading system? Lot's of money? Maybe you have just discovered forex trading and want to know what is up and down? I know how that feels, I was there too, several years ago. I looked for that 'magic bullet' to make me rich.
How to Make Money With a Currency Trading System
By: Huey Davis | 15/12/2009Do you want to make money using a currency trading system? Lot's of money? Maybe you have just discovered forex trading and want to know what is up and down? I know how that feels, I was there too, several years ago. I looked for that 'magic bullet' to make me rich.
Forex Trading Robots That Really Work
By: Anil Kumar Raju Addipalli | 15/12/2009If you are not quite sure about which forex trading robot to purchase than you must do some extensive research about the different forex trading softwares that are available in the market. Of course today you will find thousands of the forex trading robots which claim to be the best forex robots in the market, but are they the best forex robots for your business? Normally, all forex robots work like a magic but that doesn't mean that they all are equally good for your business.
Your Forex future closes in 12 hours
By: Rob Trader | 15/12/2009If you see a “sold out” message when you get to that page, please put your name on the waiting list. If the developer decides to ever offer this course again, you may be among the first to be contacted. However, I can’t say when that may happen.
Forex INDEPENDENCE ends in 12 hours
By: Rob Trader | 15/12/2009At 11:59pm Eastern time TONIGHT, Tuesday, December 15th, the step-by-step trading course that’s turning the Forex community on its ear is being PULLED FROM THE MARKET. That’s right – you only have 12 hours (or less) to get your hands on the Forex Income Engine 2.0.
How To Succeed With Foreign Exchange Trading
By: Viy Aita | 15/12/2009If you are new to the foreign exchange market, no doubt you will be faced with a lot of trading systems on the Internet that claim they have the secret Forex trading formula that can see straight through to the market and help every trader gain a fortune. This is not so. Truth be told, the foreign exchange market does not march to the beat of some mathematical theory that can predict how the markets will move, nor does it dictate the price of currency.
Facelift Costs – the Secret of Reducing the Cost by 70% Instantly!
By: Sacha Tarkovsky | 11/08/2007 | Women's IssuesMany people would love to have a facelift ( Rhytidectomy) but cannot afford the cost of around $10 – 15,000, however informed patients are getting face lift costs reduced to as little $3,000! How are they doing it? The answer is quite simple they....
Breast Enlargement - Get a Womanly Sexy Look at a Cost That May Well Suprise You!
By: Sacha Tarkovsky | 11/08/2007 | Women's IssuesBreasts are one the major identity features of the women and all women are concerned about this area and many want a breast enlargement operation. Until now many have been put off by the cost, but the cost of breast enlargement has recently fallen dramatically in price. This article is all about getting the operation of your dreams at a cost that may well surprise you.
Liposuction Costs – Why you Should Consider India to Get the Look you Desire
By: Sacha Tarkovsky | 11/08/2007 | Women's IssuesTummy Tuck or abdominoplasty, Liposuction of fat deposits has become hugely popular as an instant way of improving physical appearance. Many patients are however put off by the high prices in Europe and the US and are traveling to India to get the same treatment at vastly reduced cost of 60% are more!
Arthritis - Cure it Now at a Cost That May Surprise You!
By: Sacha Tarkovsky | 11/08/2007 | Diseases & ConditionsArthritis is a debilitating disease that causes severe physical pain and emotional turmoil for millions of people who suffer with it. Many do nothing about it, simply because they feel the cost of joint replacement surgery is too high...
Overseas Property Investment - Choosing the Best Destinations
By: Sacha Tarkovsky | 23/07/2007 | Real EstateWhen looking at overseas property you need to first be careful in the country you pick to invest in and you also need to be careful in terms of location. Let's look at some points to consider and a great destination, recently voted one of the top ten in the world.
A Novice Forex Traders Guide to Fundamental Analysis
By: Sacha Tarkovsky | 23/07/2007 | Currency TradingIf you are new to forex trading you have access to a lot of fundamental analysis as the click of a mouse from banks brokers and news wires you can look at and trade upon it – let’s look at forex fundamental analysis and how to use it.
Primorska Property – Slovenia an Investment for Above Average Growth
By: Sacha Tarkovsky | 22/07/2007 | Real EstateSlovenia property is attracting more foreign buyers than ever before, as it has emerged as one of the worlds best investment property destinations and was recently voted as one of the top ten, with estimated growth in the next 10 years being as much as 300%!
Slovenia Houses - Why Savvy Investors are Buying
By: Sacha Tarkovsky | 22/07/2007 | Real EstateSlovenia is a country that many people are unaware of as a property investment destination however this is all about to change, as Slovenia has recently voted one of the top 10 places in the world to buy investment property and buying houses in Slovenia is "hot" and becoming more popular with overseas property investors.