This article contradicts the
Forex article. In that article, it says that dealers' prices remain similar, otherwise they would be arbitraged (which is true). This article says that dealers manipulate their prices. If this were true, dealers would lose out to the arbitrageurs. This article also seems to be a non-neutral POV. It portrays retail forex as though it is impossible to profit from it. This is not true whatsoever.
- I would have a tendency to agree with this comment. A good share of the article beneath the fold is really nothing more than unsubstantiated conjecture that would lead those unfamiliar with Forex trading to think that every retail broker is a crook and that the private speculator can't trade profitably. Neither is, of course, the case.
- The subheads "Why retail speculators shouldn't be able to beat the market", "Why retail speculators can't beat the market", "Why brokers offer high leverage", and "Why brokers guarantee the execution of stop loss orders" are clearly pejorative. If I had the time I'd make some further modifications to this page but my schedule doesn't allow me the luxury of doing that any time soon. For now, I'd suggest these sections be deleted until such time the charges can be authoritatively sourced.
- As far as the arbitrage issue is concerned, the biggest difference I've seen is not to be found in the displays of dealing desk broker rates, but the reorders that all too frequently are generated when a market order has been placed. In a volatile market one doesn't have the time to do such things and even if you did, you'd be wasting your time because the actions of one broker are certainly not going to generate a consistent and predictable impact on the actions of an other. Mcduffodonnell01 21:44, 25 April 2006 (UTC)
- The introduction is fine. The other sections describe things that are not "scams" but elements present in any market maker, even those that make markets for equities (stocks). Gambler's Ruin? How is this a scam!?!? That would be like saying every Casino, and stock market is a scam as well. Those risks are not hidden from the user, but posted up front. It's true that there are actual "scams" but the techniques that they employ are barely mentioned here (only price spiking and order requoting). I think that almost all of this content should be deleted. It should be replaced with descriptions of price spiking and order requoting. Also worth mentioning is the performance of managed accounts. Managers can lie with numbers about the performance of their fund. They also tend to understate the risks involved in trading on margin.
This article contradicts the Forex article. In that article, it says that dealers' prices remain similar, otherwise they would be arbitraged (which is true). This article says that dealers manipulate their prices. If this were true, dealers would lose out to the arbitrageurs. This article also seems to be a non-neutral POV. It portrays retail forex as though it is impossible to profit from it. This is not true whatsoever. 