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Various Reasons why ppl use a lot of brokers.

Stonesong
Aug 27 2020 at 14:17
128 โพสต์
Somehow I did not ask such a question, but it was interesting.

saurabhsuman003 (saurabhsuman003)
Aug 27 2020 at 20:25
35 โพสต์
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 (saurabhsuman003)
Aug 27 2020 at 20:26
35 โพสต์
Stonesong posted:
Somehow I did not ask such a question, but it was interesting.


@Stonesong
😁😁😁

Indicators are so deceiving, always lagging. Trend lines & Calendars are the best.
Honest_Fx (Curtid33)
Aug 27 2020 at 22:17
49 โพสต์
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 (saurabhsuman003)
Aug 28 2020 at 07:24
35 โพสต์
@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
Sep 02 2020 at 20:27
140 โพสต์
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
Sep 03 2020 at 06:26
98 โพสต์
It always helps to research what kind of broker are you looking for and which broker would you sign up with.

saurabhsuman003 (saurabhsuman003)
Sep 06 2020 at 15:51
35 โพสต์
@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
Sep 25 2020 at 17:10
652 โพสต์
Can anyone tell about this PPL concept? I never heard this kind of term.

Voss_y
Sep 26 2020 at 07:03
17 โพสต์
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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