Brokers dont like News Trader?

Discussion in 'Retail Brokers' started by vortextrader, Sep 24, 2019.

  1. yea lets stick to the news trading in relation to broker
     
    #31     Sep 26, 2019
  2. maxinger

    maxinger

    Brokers don't like new trader.
    They ask lots of questions and made silly mistakes.


    Brokers like old trader and news trader.
     
    #32     Sep 26, 2019
  3. Thx bro, can you elaborate?
     
    #33     Sep 26, 2019
  4. maxinger

    maxinger

    brokers have to spend lots of time with new traders.
    for old and news traders, they hardly disturb their brokers.
     
    #34     Sep 26, 2019
  5. do you trade news profitably?
     
    #35     Sep 26, 2019
  6. Technically if you are trading forex futures, because it is traded through an exchange you don't have the conflict of interest of a MM. But again, this is TECHNICALLY !! In reality because of volatility news time are intrinsically difficult to handle,by your broker and even by the exchange. I'm not talking about any news event. I'm just talking about big events where the volatility goes out of hand. For example some Non Farm Payroll do not generate too much volatility and can be handled by the exchange with no problems. Other NFP generate crazy moves and at some point nobody knows where price really is, so you get the idea. At some point because of predictable or unpredictable reasons price discovery will break down. The question is. Are you willing to take the risk? It is worth it? As a trader you are a RISK MANAGER more than anything else. Draw your own conclusions.
     
    Last edited: Sep 26, 2019
    #36     Sep 26, 2019
  7. Theo1

    Theo1

    Agree $40k is quite handsome amount for a month
     
    #37     Oct 4, 2019
  8. Sig

    Sig

    How is this any different than trading stock/commodity/derivative! That's about as obvious and useful as advice to "buy low and sell high"!
     
    #38     Oct 4, 2019
  9. Andras

    Andras

    News trading is lucrative, but also very risky. A broker may frown at it but cannot stop you from trading the news events. Such brokers just wants traders to order frequently since their income is from trading fees. I have used Forexchief broker for quite some time and news trading has never been an issue. So choose your broker wisely if you want to do the news. Might also help to confirm from the broker before setting up an account.
     
    #39     Jan 20, 2020
  10. only time old trader talks with broker, is if they dumfuk and short TSLA, then margin clerk have short convo
     
    #40     Jan 22, 2020