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The Forex Edge by James Dicks

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CHAPTER 17THE BROKER B-BOOK

It is no secret that in the forex, your broker trades against you. But what does this mean for you, the trader? It means that as you lose money, your broker or bank that acts as the counterparty to your trade makes money. As the counterparty to your position, your broker needs to keep track of you, the trader.

What I want to address in this chapter is something you would be hard-pressed to find searching Google; it is insider information, and it won’t make the brokers very happy that I am sharing it with you. In fact, if you ask about it, you will find that most brokers will just ignore you or blow off your question. The book of business, or B-book, is where most brokers make their money. The banks, in addition, have ...

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