Would broker follow any winning traders for making money?

Discussions about brokerage firms for futures, stocks and other tradeable instruments.
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oem7110
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Would broker follow any winning traders for making money?

Post by oem7110 » Tue Nov 11, 2014 5:05 am

Brokers can see all traders' account, who is making money and losing money, if brokers simply following any winning traders from their current positions, brokers would automatically become a winning traders as well.

Would this situation happen in reality?

Does anyone have any suggestions?
Thanks in advance for any suggestions

sluggo
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Re: Would broker follow any winning traders for making money?

Post by sluggo » Wed Nov 12, 2014 6:47 pm

I suggest you first become a profitable trader before worrying about this.

After you are a consistently profitable trader, if you are paranoid about copying, you might intentionally take some losing trades in addition to your winning trades. Take enough losing trades to discourage copiers but not enough to destroy your profitability. It is easier to do this if you have accounts at more than one broker. Place the winning trades with broker A and the losing trades with broker B. Then after a (random and unpredictable) number of days, switch. Now the winning trades are with broker B and the losing trades are with broker A. After a different number of days, switch back. Keep alternating back and forth. A paranoid does not lead an easy life.

Roscoe
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Re: Would broker follow any winning traders for making money?

Post by Roscoe » Wed Dec 31, 2014 3:00 pm

:P Just because I am paranoid doesn't mean that they are not out to get me.....

oem7110
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Re: Would broker follow any winning traders for making money?

Post by oem7110 » Mon Jan 05, 2015 6:26 pm

Thanks, to everyone very much for suggestions :>

oem7110
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Re: Would broker follow any winning traders for making money?

Post by oem7110 » Sat Jan 17, 2015 10:22 am

I find out that Forex Broker can be market maker, you enter long EUR/USD, but they don't purchase this order on market, they work like a casino. If you lose, they win. Does anyone know that?

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