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The Forex Edge by James Dicks

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CHAPTER 12BACK-OFFICE SOFTWARE SCAMS

By the time you read this, you should have come to realize that most forex brokers use various tactics to separate you from the deposits in your trading account. But as a trader, it may be difficult to recognize the various tools your broker is using against you. Brokers have very sophisticated and specialized software at their disposal designed specifically for the purpose of trading against your positions. In this chapter, we take a deeper look into what your broker is doing to you, as you will soon realize there is more to the story than your broker just taking a counterposition to your trade.

The advanced software that brokers have in place allows them to “steal” money right from under your nose without ...

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