The things you will read in this letter do not reflect all brokers and we are not implying that all Brokers are dishonest. The NFA makes a lot of efforts to fight the bad seeds or to make their life difficult. Unfortunately, these bad guys manage to find their ways to bypass regulations. Right now, Forex brokerages are in intense competition for every new client. at any cost. Unfortunately some brokers have chosen to take the easy way out and use unethical manipulation, rules, and Forex account tampering to make their numbers. As you read this letter please keep in mind that with proper guidance and safeguards like our Broker Nightmare software you can protect your account and safely trade Forex. Many brokers are dishonest. To the untrained eye the difference might be hard to tell. We’ll do our best to protect you from those who are, so you can sleep well at night.
Dear Suspicious Trader: You deserve every penny you earn Forex trading. No one has the right to change your forex trading strategies, widen your spreads, or prematurely trigger your stop orders. However, your broker may not agree. Disgraceful but true – Read on to learn how to protect your profits and not be a victim.
Your trading strategy starts to get some traction. You are timing the market, taking your profits and avoiding draw-downs. Then all of a sudden – your strategy stops working. Without warning your stop losses are triggered too early. Your spreads are widened. You are just slightly off from the market. Most traders would chalk this up to bad luck. Not you. Let’s dig a bit deeper…
Was your trading robot or manual system been profitable in demo but losing on a live real-money account?
Do you have a feeling that the strategy you use is supposed to be more profitable but something gets in the way?
Here’s what’s happening… Your broker has taken matters into his own hands. Your Broker knows where your stop loss orders are set and may be triggering them intentionally (called “running the stops”) or – They may be modifying your account to widen your spreads in order to pad their pockets with extra commissions.
Sophisticated Forex traders dominate their “field” offensively and defensively. They know how to make money and they know how to defend it like a rabid German Shepherd. Just like you need an intelligent robot or Technical Analysis strategy to watch and trade the market, you will need another EQUALLY intelligent tool working to hide, camouflage, and protect your trading strategy. This is where Broker Nightmare comes in…
Imagine “legally” shielding your trading strategy so you fly under your broker’s radar! How about literally showing your broker a slightly different view of your trading account; a view where your profits are protected and your strategy stays intact. This isn’t science fiction. In fact, you can see it in action right now –
All the ideas for the smart features of Broker Nightmare came from our own trading experience and from requests by savvy Forex traders who needed such a tool like air to breathe. Let me show you how this devilish tool insures that you get to keep the profits you’ve worked hard for… Step #1:
When you first run the Broker’s Nightmare a pop up window appears for you to enter your parameters:
This is where you put in the “safe” parameters that will be presented to your broker. If you’re trading manually (not with an automated robot) you can also input here your real desired Stop and Profit, so that Nightmare can set them for you. The idea is to put in a "fake" healthy stop and profit, that will convince your broker that “all is well” with your account.
When you click OK button, the Broker Nightmare gets to work presenting all the relevant data on the opened currency pair window. Although your stop loss and take profits parameters are:
Your Broker’s sees a higher take profits and stop loss (500 pips as input by you) believing he has nothing to worry about…
Here’s Another Example : Here the savvy trader wants to show the broker a 250 straddle. In reality, this evil genius will close his position after 50 pips. At the brokerage, the traders’ broker is reviewing his accounts looking for “problematic strategies”. This means he’s looking for strategies that earn him lower commissions. He comes across this traders account and this is what he sees -
The broker sees a healthy 250 pip straddle and a client that is playing by his rules. He moves on – never knowing that he’s just been fooled by Broker Nightmare.
So you see, the Broker’s nightmare makes the broker believe that the stop loss and take profits are much wider while in practice you are free to use strategies which can assure you safer and quicker profits.
The key to making money on each trade is knowing your broker’s commission spread. In fact, you probably selected your broker based on their published spread. However in our years trading the Forex, we’ve seen brokers change their spread to make more commission per trade. They will do this if you are not trading in volume or you’re trading in currency pairs with lower commission spreads. Broker Nightmare eliminates this practice by guarding your agreed upon spread like an obsessed German Shepherd. This is how it works –
Monitor Your Spread: Broker Nightmare will continually monitor the agreed upon spread against the spread charged by the broker
No one should prevent you from making legal trades with your forex trading strategies. You should have complete freedom to set your Take Profit and Stop Losses anyway you see fit.
But many brokers force you to only place Stop Loss and Take Profit orders which are far from the market price. This severely… Read more…