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There are a lot of fraud in the industry and those are what we call market makers. They manipulate your trades so that you will lose money. And when you lose money, they will gain. They are always taking the other side of the trade and do not push the orders to the liquidity providers. That is why you may have noticed huge slippage, glitches in your trading platform, orders not pushing through- these are because they are manipulating your orders. Some are notorious for creating spikes, they do it in order to take out customer’s stops. Some market maker brokers also freeze their platform during news announcements or increase spreads. Beware of these companies. Deal with only the true STP/ECN. Redbullfx is your better alternative.
Scammers are really all over the internet. Some bogus FX brokers take advantage of newbies. We all need to be really wise and smart. Forex brokerage
Alpari is a company that you can trust because of its regulation and innovative services and tools.
Dodgy CFD or forex brokers pop up all the time.
What I've learned... when you read broker reviews and see so many positive reviews... be careful.
Don't let them fool you.
If something seems too good to be true, it probably is (not?)
Frauds in Forex is very common and there is really no way one could get off it without doing proper research. I am always focusing on that and it’s easier when you do proper research, it’s impossible to go anywhere otherwise.
Traders often ask what amount of leverage is too much leverage(https://www.independentinvestor.com/forex/leverage/
) and what too little leverage is. As a trader, you will aim for maximum profits but you will also not want to risk the whole of your investment.
So you want manageable loss levels that even though may damage your portfolio, will still leave you in a position to re-enter the market tomorrow with prospects of recovering and growing. Therefore, forex traders have a level referred to as the goldilocks level.
This is the level where the leverage you take is neither too little nor too much. Unfortunately, there is no express figure for this magical level.
Each trader has his/her own personal goldilocks level depending on his personality, his aversion to risk, and the particular opportunity presenting itself.
Also, find a great forex broker (https://www.independentinvestor.com/forex/brokers/
). Top forex broker will play an important role.
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