Brokers can see all traders' account, who is making money and losing money, if brokers simply following any winning traders from their current positions, brokers would automatically become a winning traders as well.
Would this situation happen in reality?
Does anyone have any suggestions?
Thanks in advance for any suggestions
Would broker follow any winning traders for making money?
Re: Would broker follow any winning traders for making money?
I suggest you first become a profitable trader before worrying about this.
After you are a consistently profitable trader, if you are paranoid about copying, you might intentionally take some losing trades in addition to your winning trades. Take enough losing trades to discourage copiers but not enough to destroy your profitability. It is easier to do this if you have accounts at more than one broker. Place the winning trades with broker A and the losing trades with broker B. Then after a (random and unpredictable) number of days, switch. Now the winning trades are with broker B and the losing trades are with broker A. After a different number of days, switch back. Keep alternating back and forth. A paranoid does not lead an easy life.
After you are a consistently profitable trader, if you are paranoid about copying, you might intentionally take some losing trades in addition to your winning trades. Take enough losing trades to discourage copiers but not enough to destroy your profitability. It is easier to do this if you have accounts at more than one broker. Place the winning trades with broker A and the losing trades with broker B. Then after a (random and unpredictable) number of days, switch. Now the winning trades are with broker B and the losing trades are with broker A. After a different number of days, switch back. Keep alternating back and forth. A paranoid does not lead an easy life.
Re: Would broker follow any winning traders for making money?
Just because I am paranoid doesn't mean that they are not out to get me.....
Re: Would broker follow any winning traders for making money?
Thanks, to everyone very much for suggestions :>
Re: Would broker follow any winning traders for making money?
I find out that Forex Broker can be market maker, you enter long EUR/USD, but they don't purchase this order on market, they work like a casino. If you lose, they win. Does anyone know that?