A few years ago I read that some forex brokers would trade directly against there clients . Actually kicking them out a trade if they were winning . Just wondering if this sort of thing still goes on today and or in the E- mini's ? tia
Forex brokers always trade against their clients. You are buying and selling from them. In the futures and stock market, you are not trading with your broker, your order goes to the exhange and is executed there. So with futures and stock brokers you can blame only yourself for any losses. They only take commission from you. Forex brokers take no commission, they make money from being the marker maker.
I guess trading on ECN would be a better option. Also options seem to be a better and fair way to trade.
If you are trading a higher time frame and keep your stops reasonably wide then they aren't going to be able to touch you. There is only so much an FX broker can do to screw you without putting themselves at risk. If you are trading a higher time frame (I generally use hourly unless I am scalping) and manage stops properly, you have nothing to worry about.