tag:blogger.com,1999:blog-4593739391604964327.post6128701644635679937..comments2023-07-27T06:22:44.016-07:00Comments on Currency Trading Software: Separating the Brokers from the BucketshopsCurrencyDudehttp://www.blogger.com/profile/13895674202742161029noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4593739391604964327.post-9902913470524707752010-01-08T00:46:57.923-08:002010-01-08T00:46:57.923-08:00I'm still not clear about one thing: if all br...I'm still not clear about one thing: if all brokers trade against their small clients, what distinguishes the "bucketshops" from all the other brokers? Is it just that the bucketshop brokers themselves are so small that the only way they can make money is to punish their clients by using devious tactics against them? Surely the profit they make from the spread should be enough to keep an online broker happy? After all they are just middlemen, their overheads are low compared to "real-world" brokers, and once they get a bad reputation as marketmakers their clients will start deserting them. It's not hard to find out who are the good and bad brokers by going to the various independent forums on the internet. Why would anyone use the services of a bucketshop unless they are just newbies who don't know about these things? Seems to me that if the brokers place their own trades they it is up to them to know how to place them rather than simply blindly trading against their clients. They are just as certain to win as lose taking that approach, partly because the market is unpredictable, and partly because a lot of traders themselves don't have a good trading strategy. Seems to me though, that the more successful traders are most likely to be targeted by these bucketshops as they are the ones with the healthiest trading accounts for these scoundrels to plunder. Doesn't sound like ethical business practice to me. Hopefully more people will become aware of this practice and who the prime offenders are, and punish them by taking their business elsewhere.Forex Auto Trading Systemshttps://www.blogger.com/profile/03550598097464444087noreply@blogger.com