How To Exploit And Stop Your MT4 Broker From Scamming You
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Nicholas Jarder
May 3, 2013, 1:10:06 AM5/3/13
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Nicholas Jarder
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Article Title: How To Exploit And Stop Your MT4 Broker From Scamming You
Author: Nicholas Jarder
Word Count: 560
Article URL: http://www.isnare.com/?aid=1836166&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1836166
Easy Publish Tool: http://www.isnare.com/html.php?aid=1836166
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When it comes to dealing with the Forex market, you will find that it can be quite easy to get into a scenario where you're simply in cruise control. This is especially true when it comes down to dealing with brokers that are aiming to rely on this aspect. For those that hire a broker and hope that all is well, things may very well work out, for a short time. However, what will seem like a great investment option will turn sour in a matter of time, and if you're not vigilant about how to exploit and stop your "MT4 broker" from stealing money from you under the radar, you'll definitely miss out on the opportunities that are available to you to make money.
Making money with currencies is a great alternative to the stock exchange in the in traditional sense. In fact, you'll find that even with platforms like MT4, there are great gains to be made. However, some opt to have a broker step in and do the heavy lifting, and that's fine, for some. The issue manifests into a problematic state when money starts to slip by you without even notice. You may receive returns on your investments, but when dealing with spreads, you'll start to see slight discrepancies and that's when you'll start to lose money more often than gain.
If you suspect that you're getting fooled by a broker, consider a few quick notes that will help you catch on to whether or not you're getting played.
The Spread � First and foremost, you'll have to get out of the notion of cruise control. Do not stay stagnant at all, instead, watch your investments carefully and monitor information about the spreads, if your broker is slipping fees through opening and closing accounts and you spot inconsistent postings, you're losing money. Spreads are easiest to cheat for brokers, so do not allow your money to go into spreads that you're not serious about allowing to properly mature.
Slippage � Watch the slippage ratio closely. You'll find that there will be discrepancies that are ever so slight at times, and things will not make sense. Ask about this and make sure that you match up what the broker tells you and what the data truly states.
Quality of Returns � Monitor the returns that you get, if any, very carefully. If you start to see that there are percentages missing from where you assume they would be, then inquire about what's going on and move away from using a broker if you find there is missing data.
The above things that you can do in order to figure out whether or not you're getting exploited are simple tips to consider, but they are not everything. The best bet is to look into a mock Forex trading console and mimic the trades and investments being made on your behalf. This will take a little work but it will illustrate for you a set data range that you can compare to what your broker is telling you, there you will see whether or not you are getting taken advantage of, and can stop your broker from taking money under the radar. Many times the plot to steal money is subtle and not large sums, which are hard to detect.
About The Author: If you are looking for ways to stop MT4 brokers from stealing your money, you can click on the link. Or visit http://www.mybrokerstats.com/ to find the best way to avoid your broker from cheating you.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1836166
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
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Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Nicholas Jarder
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=1836166
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=1836166
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: How To Exploit And Stop Your MT4 Broker From Scamming You
Author: Nicholas Jarder
Word Count: 560
Article URL: http://www.isnare.com/?aid=1836166&ca=Finances
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1836166
Easy Publish Tool: http://www.isnare.com/html.php?aid=1836166
*********************** ARTICLE START ***********************
When it comes to dealing with the Forex market, you will find that it can be quite easy to get into a scenario where you're simply in cruise control. This is especially true when it comes down to dealing with brokers that are aiming to rely on this aspect. For those that hire a broker and hope that all is well, things may very well work out, for a short time. However, what will seem like a great investment option will turn sour in a matter of time, and if you're not vigilant about how to exploit and stop your "MT4 broker" from stealing money from you under the radar, you'll definitely miss out on the opportunities that are available to you to make money.
Making money with currencies is a great alternative to the stock exchange in the in traditional sense. In fact, you'll find that even with platforms like MT4, there are great gains to be made. However, some opt to have a broker step in and do the heavy lifting, and that's fine, for some. The issue manifests into a problematic state when money starts to slip by you without even notice. You may receive returns on your investments, but when dealing with spreads, you'll start to see slight discrepancies and that's when you'll start to lose money more often than gain.
If you suspect that you're getting fooled by a broker, consider a few quick notes that will help you catch on to whether or not you're getting played.
The Spread � First and foremost, you'll have to get out of the notion of cruise control. Do not stay stagnant at all, instead, watch your investments carefully and monitor information about the spreads, if your broker is slipping fees through opening and closing accounts and you spot inconsistent postings, you're losing money. Spreads are easiest to cheat for brokers, so do not allow your money to go into spreads that you're not serious about allowing to properly mature.
Slippage � Watch the slippage ratio closely. You'll find that there will be discrepancies that are ever so slight at times, and things will not make sense. Ask about this and make sure that you match up what the broker tells you and what the data truly states.
Quality of Returns � Monitor the returns that you get, if any, very carefully. If you start to see that there are percentages missing from where you assume they would be, then inquire about what's going on and move away from using a broker if you find there is missing data.
The above things that you can do in order to figure out whether or not you're getting exploited are simple tips to consider, but they are not everything. The best bet is to look into a mock Forex trading console and mimic the trades and investments being made on your behalf. This will take a little work but it will illustrate for you a set data range that you can compare to what your broker is telling you, there you will see whether or not you are getting taken advantage of, and can stop your broker from taking money under the radar. Many times the plot to steal money is subtle and not large sums, which are hard to detect.
About The Author: If you are looking for ways to stop MT4 brokers from stealing your money, you can click on the link. Or visit http://www.mybrokerstats.com/ to find the best way to avoid your broker from cheating you.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1836166
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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