Dear Teacher,
I quite confuse of the term Broker & Money Maker.
Could you kindly eloborate further;
a. What do those terms mean?
b. How to differentiate between these two?
c. Is it save/secure to invest on either one of them?
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Broker vs Money Maker
Dear Teacher,
I quite confuse of the term Broker & Money Maker.
Could you kindly eloborate further;
a. What do those terms mean?
b. How to differentiate between these two?
c. Is it save/secure to invest on either one of them?
I try to answer. You question is totally wrong. I try to change your question because I don't know how to answer your question. It's price maker & interbank broker. The difference between two of this is
Price maker:-
Dealing Desk: Your Post is kind of transparent but not actually. And sometime
they will against you as they will open other position on their
behave
Fix Spread : This broker will make money in every condition
Interbank Broker
No Dealing Desk: Transparent which mean totally secure
Variable Spread: It depends on how volatile that market because this broker
deal directly with bank. let's say bank charge spread 2,
they will charge you 3.
That is why we can open a little amount in price maker and have to open large amount in interbank broker. Whatever it is both is totally secure and safe
Ok.. Now i got your points.
So FXEgypt is categorized as price maker, am I right?
Last edited by arialun; 04-28-2007 at 10:12 AM.
FXEgypt is only a broker... he has access to some other pricing chart ... where the most brokers get theyr charts ... then he can modify that price including the spread and if he wants a deviation of 1-2 pips that he gets as a bonus ...
Originally Posted by dude_89
open other position on their behave.. I hope our broker did not do that
Well even **** did that.
wow ...how can they do that, they/brokers open trade depend on their systems or ? this condition have agreement when we sign the form to join? wow if that happen to me, automatically i will cash-out all my money as soon as possible :P
how would you know that such a thing is about to happen. Are they laid down paramentals or indicators to know.
Money maker brokers will not even allow scalping because they would want to open orders against yours, so either way they gain.
The issues of spreads too makes it worst to trade with them.
if spread makes it bad to trade with then what can you use the would look a little nice to the pocket.
High spreads are not too good for forex brokers because it scares their clients. Most scam brokers charge high spreads
Actually i feel that money maker denotes everyone related to making money by trading and broker are the companies who handle the trading and just receives commissions for every transactions from their clients.
Brokers are providing the platform to traders like us specially the spot brokers who have made things easy for us. I don't know how they earn, only spread is not enough. There will be something more for them.
I myself don't know the real definition of Money Maker and have hardly heard about it before. But brokers are your money managers that help you with the platform to trade forex.
as long as the broker does not have a different price movements with no broker other breka then I think they are safe in the trade because they did not organize or create their own price movements in their platformopen other position on their behave.. I hope our broker did not do that
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