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They make a very bad name for the forex industry, and once someone gets his savings stolen by such company, it is very likely he/she will make wide ranging accusations that will harm the reputation of the entire industry, including the legitimate brokers. There is no definition of what represents a "large account" but I would say that any account with 10,000 USD or more should be considered large because it allows the owner to place very large trades with the use of leverage. While many people in the industry will say that large accounts are those with hundreds of thousands of dollars or even millions, I think that a person who is serious about forex trading should act like a big investor even if he plans to invest only ten thousand. Most brokers will classify you as a VIP client if you fund your account with more then ten thousand dollars, so you will be able to take advantage of the best trading conditions if you exceed this amount. If your broker is a market maker like most retail forex brokers are you will trade against your broker. Your trade will not be executed anywhere except on the platform provided by your broker, which will be your liquidity provider. You buy from your broker, you sell to your broker. Think about your broker as the foreign exchange shop you find in an airport where you exchange currencies. You give them one currency in exchange for another at the prices decided by them. They have a spread between the buy and sell price to ensure they make a profit. When it comes to retail shops where you exchange money, the spread is so big that the shop owners will make a profit even if they are stuck with a very large amount of one specific currency and they have to change it at another third party their liquidity provider in order to replenish their stock of the currency in high demand, because their liquidity provider has a much lower spread.
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I thought I understood the art of trading, not realizing what can happen when a forex broker website cheats you and force you to lose your money!As a result, I lost huge investment and I had absolutely no idea whom can I turn to?I would like to thank Forex Complain authority for putting up this website!A lot of people, including myself, wasted money in scams.
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If you buy into one of these things a ready made off the shelf turnkey Forex trading system course, you're going the wrong way.
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forex trading platforms