I agree with most of what you said, I personally trade the stop hunts myself, but it isnt your brokers fault, or any fx brokers for that matter. What you'll find is these stop hunts are reflected on every broker feed. The "big boys" are the ones hunting the stops because they can't exit or open their positions and fulfill their client's duties without that juicy liquidity
Thanks Karen, it means to me that although backtesting goes well you also have to take into consideration these factors when you are going live and adjust.
Just what you said in this video it's exactly what happened to me. I decided to stop trading Because I felt like it was a scam. Now I'm practicing with MT4 demo account but I'm learning step by step. I want to open a real account but I'm scared of those brokers because I still don't know who is the best broker in forex.
I am new. Something like 2 weeks. I handle my own transaction . Doing more frequent trades to test emo and learn the low and high of few stocks I picked. Paying some school fees via the charges. 😊
Thanks Karen, I've always had this suspicion. Just by observation, i noticed that, sometimes the market will be moving say bullish at a faster rate. Then immediately i buy, the speed reduces. Or when inching towards your TP, that's where strong resistances develop. Are there no regulators to check these things for the trader?
@@KarenFoo I started trading just about 3 weeks and was scalping and blew the account. Then I paused to take a break and learn. After watching tons of your videos, i've stopped scalping. I watched u and Daniel Ang say there's too much NOISE down there. so i tried with 4-6hrs trade on Demo and made profit on all my trade. And for the first time, my emotions were calm throughout the trade. Thanks so much for your help!
I saw That and didn't understand what happened because the same trade was still running on my other Trade/broker account. That happened multiple times and some people got me convinced that its the spread of the other broker that is too Harsh 🤔 these pieces of 💩. Thanks for this video .
Some brokers also do market "freezes" in which they dont allow you to trade during some market conditions. I have also seen other practices, in the end the broker is a business and they win by you operating more or you losing (depends on the type of broker). One thing with the new regulations is that European brokers now have to disclose how much % of client accounts lose money with the broker.
that's true one broker might make a big up or down spike in the market which you may only see on their chart & can only see on a 1 min time frame but then you will see on other broker charts there was no such spike at the time thats manipulation that spike could have been a quick 30 pip move against you.
you spot a price spike down in spot silver, put an order on, get filled at huge profit with very small risk as the price goes straight back up, and then you get an email and call telling you that the broker did not get filled and you order is cancelled
one of my brokers keep calling me asking me what i want to trade and giving me trade ideas. Once I didnt feel like trading, I was tired and depressed and I didnt know what to say, they hung up on me.
I really like your content and info you give, I am just starting to learn forex trading, I have been watching your channel for lessons on forex. Thanks for all of the information you give freely.
They will square off the positions at their will in the name of technical issue. Some of them will not allow to enter the derivative positions at lower price in the name of inflated open interest. Sometimes during crucial hours their system freeze. People loose money. And when system is restored they will just say sorry & blame the technical issue.
Had to subscribe. The ladies hands are exquisite. Not to mention what goes on in her head. Don't forget people, the only time you really lose is by quiting. AND BLOODY HELL, EASY ITS NOT!
@@KarenFoo Terrific. Emotionally I felt like I was down in the depths of the Mariana trenches. Knowing I've narrowed the (stiff, no doubt) competition down to a few thousand means, surely, at some point, I shall countenance their despair.🇵🇹☺️ Thanks for replying. Kind of you.🙏
Coudn't stop myself to subscribe this channel.. I want to learn more from u.. Thank u karen for ur wonderful & dedicated videos... Love from Bangladesh💜💜💜
Watching your videos has given me so new thoughts on trading , using demo accounts most trades are losses wow who would of thought , i have not bought into trading as for now , i feel if I'm finding difficult to trade on them then there is no way I'm going to trade period , i appreciate your time and videos your doing , take care thank you.
Hi Karen! Absolutely LOVE the content you put out. Free valuable and vital information that ppl will sell an arm & a leg for. I have just 1 question. Which brokers/type of brokers would you suggest or recommend if you wanted to compound your account??
Thank Karen that helpful , I watched your videos so much , note i started reading , watching making notes about FOREX TRADING - I am interested and just started a year ago but hussling and can't find a MENTOR around but watching any info I can get my hands on , INTERNET is helpful so far ....Thanks again.
hello! Karen, i love every single video I have watched, it makes a lot of sense...Can you tell me which broker do you think you could recommend for a small account? to use it as a experience and training grounds?
You are right about stop loss order... I have my personal experience once... from that time onwards I place orders manually... Also I suspect their tips/calls because those shares don't even trade once in 10 mins next day... Also the prices we see is not accurate... it is delayed up to 10 secs I think, you know the consequences of this...
Thanks for nice outstanding video. My recent broker cheating with me they increased huge slippage and spread in news event that i don't like. Also stop loss hunter it was pepperstone. First few month all was good but time increasing they are cheating with me. Overall huge thanks for sharing some recommendation broker in ur description. I will convert my broker to these.
Brokers frequently blamed everytime a trader lost their money but for me it's the traders capacity or look out to safeguard it and being a trader I experienced several losses even all my accounts blown away until such time I discovered how to safeguard my hard earned capital.... Trading is risky like gambling if you don't know how? Like boxing developed your defense like an offense.
Hello Karen, hope all is well. I have a question. If I open a micro account with one of recommended brokers here in this video, which volume size do you recommend to start with? 0.01 - 0.10? Thanks in advance.
Hi Karen.. I like the way teach... I would like which one can you recommend... Before I have 2 account... One I close for so much commissions.. Ant the other still open... I would like if you could give me a few more or suggestions.. I erase the xtb and fxcm... Now follow with the ava... If you could suges 3 names good or 1...thks have a great weekend
Trading is hard, and Karen’s advices are gold. For some brokers, their FX prices shown on Demo vs Live environment have differences. E.g. more extraordinary long candle wicks in Live than Demo. These could be the effect of stop hunting. In one of Karen’s videos she mentioned the tools we need in trading, I think a screen-captured software is also necessary, at least you have evidence to make complaints to the broker and regulators.
My broker offers 'zero spreads' on some currency pairs but only when they are not tradable! Have also experienced slippage a few times, seriously thinking of changing brokers.
Karen I agree with you, but we don't have single broker, we have many of them, so I don't think one false broker can make the entire broker account to blow. Because the graphs chart are the same in all devices..
No! It’s not the broker that does that it’s the market makers. The broker gives the market maker the data through the “back door” in the platform. Important that you get it right
Brokers were like the "house" of the casino. You lose or win, they will still win.
Protect this woman at all costs!!!
I agree with most of what you said, I personally trade the stop hunts myself, but it isnt your brokers fault, or any fx brokers for that matter. What you'll find is these stop hunts are reflected on every broker feed. The "big boys" are the ones hunting the stops because they can't exit or open their positions and fulfill their client's duties without that juicy liquidity
That's why people need to learn how to trade like the pros
This is one of the most useful pieces of information in trading. Thank you, Karen!
You're welcome
that's insane brokers are frickng scumbags
Thanks Karen, it means to me that although backtesting goes well you also have to take into consideration these factors when you are going live and adjust.
You're welcome. And you're right :)
a real eye opener; great stuff Karen, I follow your videos assiduously
For someone who is learning everything by myself I'm gonna learn the hard way 😥😥
A lot of people dont learn until they learn it the hard way
Just what you said in this video it's exactly what happened to me. I decided to stop trading Because I felt like it was a scam. Now I'm practicing with MT4 demo account but I'm learning step by step. I want to open a real account but I'm scared of those brokers because I still don't know who is the best broker in forex.
I am new. Something like 2 weeks. I handle my own transaction . Doing more frequent trades to test emo and learn the low and high of few stocks I picked. Paying some school fees via the charges. 😊
thank you so much for being honest and frank to reality.
Thanks Karen, I've always had this suspicion. Just by observation, i noticed that, sometimes the market will be moving say bullish at a faster rate. Then immediately i buy, the speed reduces. Or when inching towards your TP, that's where strong resistances develop.
Are there no regulators to check these things for the trader?
You shouldn't be chasing the price and it just sounds like you're scalping like all the losing retail traders.
@@KarenFoo I started trading just about 3 weeks and was scalping and blew the account. Then I paused to take a break and learn. After watching tons of your videos, i've stopped scalping. I watched u and Daniel Ang say there's too much NOISE down there. so i tried with 4-6hrs trade on Demo and made profit on all my trade. And for the first time, my emotions were calm throughout the trade. Thanks so much for your help!
The first account you blew. How much was it?
Thank you Karen, good info, having few different broker accounts definitely will help to spot the the no good broker
You're welcome
I saw That and didn't understand what happened because the same trade was still running on my other Trade/broker account. That happened multiple times and some people got me convinced that its the spread of the other broker that is too Harsh 🤔 these pieces of 💩.
Thanks for this video .
Sometimes it might be due to the different spreads
Top notch like always, this is gold.
Thanks for your compliment
Yes “stop hunting” happens in stock as well.
Indeed
Thanks Karen. This is some real stuff people don't know about
You're welcome!
Love from Jamaica 🇯🇲 everyone in my area watch your videos
👍
Other things that you think brokers don't want you to know?
Karen Foo, Just wrote you an email.
The don't extend the spreads on demo accounts so it feels easier to win, neither do they stop hunt demos.
Some brokers also do market "freezes" in which they dont allow you to trade during some market conditions. I have also seen other practices, in the end the broker is a business and they win by you operating more or you losing (depends on the type of broker).
One thing with the new regulations is that European brokers now have to disclose how much % of client accounts lose money with the broker.
Hi Karen would you mind which stock i can keep for long term.?
@@kwenapoopedi6331 yes some make people win on demo and then lose in live
that's true one broker might make a big up or down spike in the market which you may only see on their chart & can only see on a 1 min time frame but then you will see on other broker charts there was no such spike at the time thats manipulation that spike could have been a quick 30 pip move against you.
you spot a price spike down in spot silver, put an order on, get filled at huge profit with very small risk as the price goes straight back up, and then you get an email and call telling you that the broker did not get filled and you order is cancelled
That's bad
one of my brokers keep calling me asking me what i want to trade and giving me trade ideas. Once I didnt feel like trading, I was tired and depressed and I didnt know what to say, they hung up on me.
Lol what the heck🤣
Timeless ...... Still applicable in 2023. Thanks
Thank you for all your work and informative videos that you provide!
You doing such s great job for us the New trader your advices are very handy!
When I first time saw you i thought you are next trading guru but i see now you may be pretty good trader, thanks for a nice content 😊
So do you recommend IC MARKETS and PEPPERSTONE?
No opinion
I never regret.. subscrib in this channel,
Now I know.. truth behind ...scene.
Much thanks Karen
You're welcome. Thanks for your support
Same here, I follow Karen like a religion...all the way from South Africa. She is the real G
I really like your content and info you give, I am just starting to learn forex trading, I have been watching your
channel for lessons on forex. Thanks for all of the information you give freely.
You're welcome. I appreciate your support
Karen.. thank u! I really apreciate ur work!
Welcome!
Karen Thank you, I needed this
They will square off the positions at their will in the name of technical issue.
Some of them will not allow to enter the derivative positions at lower price in the name of inflated open interest.
Sometimes during crucial hours their system freeze. People loose money. And when system is restored they will just say sorry & blame the technical issue.
Yes that happens sometimes
Had to subscribe. The ladies hands are exquisite. Not to mention what goes on in her head. Don't forget people, the only time you really lose is by quiting. AND BLOODY HELL, EASY ITS NOT!
I appreciate your support
@@KarenFoo Miss Karen, you have no idea the volume of invective that erupted from my mouth realising you send everybody hearts. LOL. Have a nice day.
@@chalupa501 not everybody. :)
@@KarenFoo Terrific. Emotionally I felt like I was down in the depths of the Mariana trenches. Knowing I've narrowed the (stiff, no doubt) competition down to a few thousand means, surely, at some point, I shall countenance their despair.🇵🇹☺️
Thanks for replying. Kind of you.🙏
You are amazing as a beginner your provided me so much information thankyou so much.
Isn't Blueberry markets Market maker??? Can you suggest any STP or ECN broker who provide good Leverage...thanks..Great video BTW
Thank you Karen for the great videos and lessons. Which broker do you recommend?
I've already given clear instructions in this video. I'm not gonna repeat myself
You teach so wonderful,Karen u are the best
Thank you for the information ma'am 😊😘 new subscriber here!
You're welcome!
Coudn't stop myself to subscribe this channel..
I want to learn more from u..
Thank u karen for ur wonderful & dedicated videos...
Love from Bangladesh💜💜💜
You're welcome. Thanks for your support
Watching your videos has given me so new thoughts on trading , using demo accounts most trades are losses wow who would of thought , i have not bought into trading as for now , i feel if I'm finding difficult to trade on them then there is no way I'm going to trade period , i appreciate your time and videos your doing , take care thank you.
my question is that must i use strategies from IM academy to trade or is there any free strategy to use .
Hi Karen! Absolutely LOVE the content you put out. Free valuable and vital information that ppl will sell an arm & a leg for. I have just 1 question. Which brokers/type of brokers would you suggest or recommend if you wanted to compound your account??
Already made videos to address that
It's best to trade on your own. watching from the Philippines. thanks Karen!
You're most welcome
Anong broker nyo po
@@AngeldipPlaylist madami, iq option muna ang ginagamit ko. mababa ang investment at para matuto din ako. ayoko ko kase ng demo account.
@@GemmaCasquejo via bank din ang deposit, hindi b binary trading yun?
@@GemmaCasquejo via bank din ang deposit, hindi b binary trading yun?
Thank Karen that helpful , I watched your videos so much , note i started reading , watching making notes about FOREX TRADING - I am interested and just started a year ago but hussling and can't find a MENTOR around but watching any info I can get my hands on , INTERNET is helpful so far ....Thanks again.
I use FXTM is it good or should I have to close it
Thanks Karen for valuable educational trade tips
hello! Karen, i love every single video I have watched, it makes a lot of sense...Can you tell me which broker do you think you could recommend for a small account? to use it as a experience and training grounds?
I believe i've already given clear instructions in this video on where to find the links
Ayy sorry 😁✌ i got it now
hI! Thanks for this usefull information, what do you thinka about XTB broker? do you have any recommendation?
You are right about stop loss order... I have my personal experience once... from that time onwards I place orders manually...
Also I suspect their tips/calls because those shares don't even trade once in 10 mins next day...
Also the prices we see is not accurate... it is delayed up to 10 secs I think, you know the consequences of this...
That's why it's important to choose the right broker
@@KarenFoo one guru also told this,a broker is not ur best friend like u think
Effective advice 👍 thank you miss Karen
Thanks very much am experience same things can you please recommend me with ECN brokers
Great video.
HOW is the broker can hunt the stop loss? you mean artificially make a move on the platform, a move that did not exist in reality???
Yes they can pull the price to your stop loss
@@KarenFoo it's true
Or widen the spread, so it blows through your stops. Usually at these key areas
Thanks for nice outstanding video. My recent broker cheating with me they increased huge slippage and spread in news event that i don't like. Also stop loss hunter it was pepperstone. First few month all was good but time increasing they are cheating with me. Overall huge thanks for sharing some recommendation broker in ur description. I will convert my broker to these.
You're welcome. It's actually normal for spreads to increase during news events. :)
Learning everyday from you. Thanks
Brokers frequently blamed everytime a trader lost their money but for me it's the traders capacity or look out to safeguard it and being a trader I experienced several losses even all my accounts blown away until such time I discovered how to safeguard my hard earned capital.... Trading is risky like gambling if you don't know how? Like boxing developed your defense like an offense.
Both sides have to play the game fairly :)
What do u thin trade with XAU USD and Currencies?
@Karen would you say it's wise to open an account with a broker who is neither registered nor operates in your home country?
It's fine as long as they are regulated by a good authority
I think im in love. lol Your truth flows greatly and I am thankful. Never stop.!!! You totally rock, cool as shit really. lol thx!!!
Thank you KAREN You're an amazing woman
So sweet of you 💖
Karen is woman....😧
than you for telling us the harsh truth ((:
i think i just use buy/sell limit to avoid slippery from broker,but i need to calculate all of it first
You're welcome
Thanks for the education! Know you don't like spoonfeeding so thanks for linking ^_^!!!
You're welcome!
Love from India😍
Ur videos r great..👍🏻
Hello Karen, hope all is well.
I have a question. If I open a micro account with one of recommended brokers here in this video, which volume size do you recommend to start with? 0.01 - 0.10?
Thanks in advance.
Depends on your percentage risk per trade. I suggest you go study those things first.
@@KarenFoo Thanks.
I give u like because u tell everybody honestly...🙂
Thank you. Your admin has sent me some of the brokers you use. Will take a look at them when i get home.
You're welcome
Thabo Metsing tell me about them please
Do FBS recommended ?
You are too good. Lotsa Love From India.
Hi Karen, yes it is like that, so we really need to test a lot of things and also a lot of studying before jumping in the fishermen's net😂😂😂😏😏
Yes we are supposed to do a detailed research. Just like picking any stock
@@KarenFoo Thank you for all the very helpful video 👍👍 Your the best!!
Hi Karen.. I like the way teach... I would like which one can you recommend... Before I have 2 account... One I close for so much commissions.. Ant the other still open... I would like if you could give me a few more or suggestions.. I erase the xtb and fxcm... Now follow with the ava... If you could suges 3 names good or 1...thks have a great weekend
Links are under my how to choose a broker video
Thks
I sunscribe you. You are really motivational my man.
I'm not a man
Good information madam🙏
Thank you so much 🙏
You the best God bless you and all your families respect ✊
Can i ask is saxo capital market a good broker?
I wont provide opinions on brokers I've not used
So what broker we choice
Trading is hard, and Karen’s advices are gold.
For some brokers, their FX prices shown on Demo vs Live environment have differences. E.g. more extraordinary long candle wicks in Live than Demo. These could be the effect of stop hunting.
In one of Karen’s videos she mentioned the tools we need in trading, I think a screen-captured software is also necessary, at least you have evidence to make complaints to the broker and regulators.
Screen capture helps but you can also screenshot.
Please what is the right leverage to use
Already done a video on that
My broker offers 'zero spreads' on some currency pairs but only when they are not tradable! Have also experienced slippage a few times, seriously thinking of changing brokers.
Do whatever you feel is right
very good advice thanks
Excellent, i m. Your fan
Karen I agree with you, but we don't have single broker, we have many of them, so I don't think one false broker can make the entire broker account to blow. Because the graphs chart are the same in all devices..
Having the right broker is important. Other than trading system
Hi Karen, would it make a difference to rather work with mt4 developer's mt4 software than the mt4 of the broker?
Just make sure that you pick a skilled developer who understands a bit about trading, that would be better :)
Hello Karen what broker do you recommend please
Didnt I just gave clear instructions in this video?
Thank you for sharing your knowledge.
Welcome
No! It’s not the broker that does that it’s the market makers. The broker gives the market maker the data through the “back door” in the platform. Important that you get it right
🙄🙄I suggest you listen carefully to what I said
Could you make a video on how to find a good broader.???
I really enjoy your video very much. Thank you :)
Welcome
What you think about tickmill ? it's a.good one I think
No opinion
I like your accent and your point..keep it up...
Thank you for your compliment
really?I'm using XM Global is this broker suitable Foo?
Hi Karen what do you think of the C-trader platform
I'll make a video about trading platforms next time
@@KarenFoo Thank you Karen ...that wil be helpful, I use C-trader and very few brokers have it.
Hi Karren, which broker do you use personally...?
Ive already given clear instructions inside this video
Sad to say, i've learned it the hard way... i traded for ticks, higher lower, then boom... i just lost evrything... my bad
Most people need to learn it the hard way
very good infomation
Even with having more than one broker, how does one assess an honest, reliable broker? This is frightening.
What is trust broker I can invest I’m confused many broker
Already done a video on that
Please suggest a good broker... Is octa fx is good???
I believe I've already given clear instructions in this video
I m your big fan.. mam
When I will come to Singapore I want to meet you in your workshop..
Thanks for your support
E trade is the #1 at trading against you .
Slippage. I'm using IC market. Bad fill. Can recommend future broker?
Wtf is a future broker? You mean futures? 🤣
You are true trailing stop is the best tool for brokers to get your money.They close the gap and it hit.boom
Not all brokers. Just some
@Karen, very revealing lecture indeed, thanks for that. but I will like you to recommend 3 Forex brokers that are profitable to do business with.
Details in the description
@@KarenFoo please were can I find the description you referred me to?