Not. Most brokers are market makers. This means they set up their market with money and loosely follow the real market. When you win a trade, your broker must pay you out of pocket. When you lose a trade, the broker keeps the money you lost.
Most market makers will attempt to make you overtrade, i.e., trade more often, so they can make money on the spreads of your trades. If they can persuade you to trade twice a day and their spreads are two on average, they will make 120 pips a month from you before you even have a win or a loss.
Brokers are not your friends. Their job is to empty your account as fast as possible. Could you not take their advice or training?
Most market makers will attempt to make you overtrade, i.e., trade more often, so they can make money on the spreads of your trades. If they can persuade you to trade twice a day and their spreads are two on average, they will make 120 pips a month from you before you even have a win or a loss.
Brokers are not your friends. Their job is to empty your account as fast as possible. Could you not take their advice or training?
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