Forex Market Manipulation – How easy is it for Brokers to Manipulate Currency Rates & Feeds?
filed in Xde La on Jan.27, 2010
Most of my trades are in the London and New York session.
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January 27th, 2010 on 7:05 am
If you’re dealing with a market maker then it’s quite easy for the broker to manipulate feeds and delay orders. ‘Dealing desk execution’ delay is the scourge of low cost forex brokers.
Try placing a market order even during normal trading hours and you’ll see a 2-5 second delay in your order being executed. Limit orders are safer, but have their own limitations.
Some forex brokers give you a choice between ‘best price’ and ‘fast execution’. Look into that if you’re trading forex with a market maker.
http://forex.ellsed.com
http://brokernightmare.ellsed.com