[Ask] How to become a forex broker!? - page 4
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95% of the new customers lose their money in the first 12 months.
Now, when the position sizing of customers get out of balance, and there is a strong trend, the clearing house can lose big, that's the reason why ALL of them have a dealing desk to monitoring customers positions, if suddenly there is a big difference, example 1000 customers are long EURUSD on a total of 150 standard lots and only 100 customers are short on a total of 23 standard lots, the dealing desk specialist can hedge the house exposure buying 127 lots through a Currenex ECN account. If they provide customers with 500 leverage, but on the ECN they have only 50 leverage, they will use their own money to hedge customers positions. That's why they enforce limits on leverage depending account size, to hedge a customer $100K account with 500 leverage they will need a 1 million of available margin at the ECN account.
I wonder, is the micro account more SAFE
i.e buy 10 lot of micro , rather than 1 lot of normal account
as the broker won't bother to hedge or target micro customerWell .. all types of accounts have the same risks .. u just might need to follow up a pre-planned strategy before going into a trading operation/s.. and that's the Forex Market .. Win/Lose.
95% of the new customers lose their money in the first 12 months.
Now, when the position sizing of customers get out of balance, and there is a strong trend, the clearing house can lose big, that's the reason why ALL of them have a dealing desk to monitoring customers positions, if suddenly there is a big difference, example 1000 customers are long EURUSD on a total of 150 standard lots and only 100 customers are short on a total of 23 standard lots, the dealing desk specialist can hedge the house exposure buying 127 lots through a Currenex ECN account. If they provide customers with 500 leverage, but on the ECN they have only 50 leverage, they will use their own money to hedge customers positions. That's why they enforce limits on leverage depending account size, to hedge a customer $100K account with 500 leverage they will need a 1 million of available margin at the ECN account.
I wonder, is the micro account more SAFE
i.e buy 10 lot of micro , rather than 1 lot of normal account
as the broker won't bother to hedge or target micro customerI think he could open an account with 150k with a cool broker and start trading better than what he is doing !!
Big company is not watching your mini account.
MT4 is like miror. Broker can see what you are doing.
U are thinking wrong....
MT4 platform has 2 parts: manager and analyser and broker can do...
Big company is not watching your mini account.
MT4 is like miror. Broker can see what you are doing.
U are thinking wrong....
MT4 platform has 2 parts: manager and analyser and broker can do...That's what im talking about .. To become a broker its not that ease .. and Forums knowledge is not enough to help someone to become a broker.
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An extremely interesting read here about how forex brokers really work.