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Various Reasons why ppl use a lot of brokers.
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Stonesong

Členom od May 13, 2020  80 príspevkov Stonesong Aug 27 at 14:17
Somehow I did not ask such a question, but it was interesting.

saurabhsuman003

Členom od Apr 13, 2018  32 príspevkov saurabhsuman003 (saurabhsuman003) Aug 27 at 20:25
jaredtaylor posted:
I myself am using multiple brokers, have turnkey forex for low spreads and commissions, LMFX for high volatility and have kept tradersway just in case, and haven't faced any issue with managing.


@jaredtaylor may i ask more about it.???
Its easy to switch accounts with just two clicks, but when and why you switch your accounts between brokers?
I understand low spread and commissions on turnkey will be amazing,but what do you find so profitable during higher volatility that you may switch to LMFX.? and whats more profitable that you'll again switch to tradersway and come back to turnkey for lower spreads.

i hope you got my point when i emphasized while letting everyone know that using different brokers in not a way to diversify risk. dont know how come traders have faith in such statements. its such a basic fact. thought everyone on this platform had some basic knowledge about trading.

Indicators are so deceiving, always lagging. Trend lines & Calendars are the best.
saurabhsuman003

Členom od Apr 13, 2018  32 príspevkov saurabhsuman003 (saurabhsuman003) Aug 27 at 20:26
Stonesong posted:
Somehow I did not ask such a question, but it was interesting.


@Stonesong
lollollol

Indicators are so deceiving, always lagging. Trend lines & Calendars are the best.
Curtid33

Členom od Oct 01, 2019  49 príspevkov Honest_Fx (Curtid33) Aug 27 at 22:17
I think the idea's ok if you're unsure about which broker to go with. And I'm definitely hearing the points about diversifying. But I think you should really go all in with a broker you trust. Maybe it's different for swing traders. As a scalper. I'd be running ragged with 2 different brokers, data sets, and less growth between both.

saurabhsuman003

Členom od Apr 13, 2018  32 príspevkov saurabhsuman003 (saurabhsuman003) Aug 28 at 07:24
@Curtid33 i am a swing trader and its the same for me. 5-6 years with same broker, XM.
Its always the same for all, only the scale and strategy of trade changes whose results are independent of brokers if minor spread diff is ignored.

Indicators are so deceiving, always lagging. Trend lines & Calendars are the best.
Shelby10

Členom od Jul 15, 2020  100 príspevkov Shelby10 Sep 02 at 20:27
Using a lot of brokers is not a bad idea. It can help a trader to compare the brokers and he also can taste different facilities provided by his brokers.

cardigan

Členom od Jul 27, 2020  56 príspevkov cardigan Sep 03 at 06:26
It always helps to research what kind of broker are you looking for and which broker would you sign up with.

saurabhsuman003

Členom od Apr 13, 2018  32 príspevkov saurabhsuman003 (saurabhsuman003) Sep 06 at 15:51
@Shelby10 @cardigan first you compare your broker then you use em. You compare by visiting their sites, opening demo accounts with em, but not at all by trading live with all brokers accounts at once and that's what this thread is about.


Indicators are so deceiving, always lagging. Trend lines & Calendars are the best.
LyudmilLukanov

Členom od Jul 23, 2020  137 príspevkov LyudmilLukanov Sep 25 at 17:10
Can anyone tell about this PPL concept? I never heard this kind of term.

Voss_y

Členom od Sep 24, 2020  14 príspevkov Voss_y Sep 26 at 07:03
LyudmilLukanov posted:
Can anyone tell about this PPL concept? I never heard this kind of term.

As i think ppl means people. so question is why people use a lot of brokers. or why they changd them so fast.

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