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OK, so now we know and understand that the people you open your account with are the ones with gold and as such make the rules, the next question is, how do you think they will treat you and you money.
Welcome to part two of “About Forex Training and Making Money in the Markets”.
As I am in a mode akin to ‘telling it how it is’ the simple answer is that they will do everything and anything in their power to relieve you of your intial capital, but leave you hanging in there, so that there is a high likelyhood that you’ll deposit more money.
The objective of the MT4 dealer/brokers is to take your money, be it either via the spread of directly via your trades.
Without wanting to jump around all over the place who the hell thinks its a good idea to start live trading, when they havn’t even got a demo account in green ? Common guys, forget all the blurb that is pumped out by those adds, first get green , in demo and then go-live. If you have never taken this point on board, maybe never even considered it then please do so now.
Back to the MT4 or bigger boys, the actual banks. Next question do you know how much all that IT those guys run actually costs to manage and operate correctly, or how much even the outsourcing of it now costs – they can’t employ people in India for a couple of bucks an hour any longer – its market rates these days. They need to generate money to pay for all that garb.Let me tell you it’s millions, hundreds of on annula basis they need.
The point I am ramming home here again and again is that the guys with the gold hold the keys to the door and unless you play with them, in the direction of the market they play, you will be swept out to sea and that will cause you alot of pain.
So the question is how do you know where they are sitting, the tricks they play to take your money and how they will get you to surcumb to surrendering your hard earnt cash, like a lamb to the slaughter. Well I’ll tell you, you need a teacher, someone who truly understands how the market works, what drives it, when it is driven and for what purpose…..
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