Caught Red Handed:
The Silent Thief That Dips His Hand Into Your
Profits Each And Every Time You Make a Trade

Click above to play an interview we did with Barry Dorfman about Forex Direct Access - Who is Barry Dorfman? Well he was one of the original founders and pioneers of direct access technology and the developer of the in-house direct access trading platforms with the firms in which he was a principle...

     What we're about to tell you here is going to seriously piss some people off.

     But we don't care. Because right now there is a robbery going on in your Forex account. Money is being stolen outright. And the whole thing makes us want to vomit.

     Before getting into FOREX — an idealistic graduate of Brigham Young University in Utah — I believed, as you may, that the world's financial markets provide an essentially equal opportunity for all.

     But as an industry insider, I soon learned they’re more like rigged casinos, teaming with twenty-four-hour-a-day manipulators, round-the-clock schemers, and compulsive liars who’d tell their widowed mothers to bail out of a hot trade if they wanted to buy her position.

     Like a secret subway under the streets of Manhattan, runs an old boys network into the very heart of the investment banks and brokerage houses you trust and depend on to make markets for the currencies you trade.

     The moment you key in your trade it becomes public knowledge, and the insiders begin whispering among themselves, and end up skimming their profit off the top whether your actual trade makes you money or not.

     A little here. A little there. It doesn't take long before these market makers have raked in millions off of people just like you...

So why are most traders losing their shirts trading FX?
Here some good reasons:

     Most traders don’t know all of the costs that may accumulate in an individual trade and therefore cannot adequately determine the risk involved in a trade. All market makers advertise that their customers only pay the spread in order to trade. However, this is never the case, and in practice (except with a demo account) is much less than traders actually pay for trading Forex.

Have You Been A Victim Of Any One Of These Market-Maker Scams?

Scam #1: Currency Pair Spread

     This is the most frequently quoted trading cost, usually set at three to five pips for the major currencies. It is a fixed cost that is greater than the actual spread in the trade. For example, even is a trade involves a currency pair that has a spread of one pip, the market makers may charge you between three to five pips.

Scam #2: Slippage/Requoting

     Market makers use several different methods to justify the difference in actual spread and their charges in a trade. Two of the most common methods involve using a trading desk and allowing slippage. With a trading desk, an employee of the market maker reviews your trade manually, even though it was executed by you on their trading platform. The employee then either accepts the trade as is or rejects it and requotes a new price in favor of the market maker. Regarding slippage, it has always been an accepted part of trading. However, nowadays, it doesn’t have to be thanks to the Internet and the variety of trading platforms and datafeeds. Some market makers allow slippage to occur in their favor in order, so that you lose more than you have to in a trade.

Scam #3: Stop Losses

     An often quoted rule that you have to decide upon for yourself while trading the Forex market is “Do not set stop-losses on your trades unless it’s unavoidable.” Setting stops is very unwise practice for traders particularly if stop-losses are placed <30-50 pips from the opening price. Your stop-loss becomes a known target for market makers and will be triggered, when possible to take your money. One method for activating a trigger is to spike a price by placing an order at a price point to set it off. This practice definitely occurs and is also applied to Take Profit/Limit orders.

Scam #4: Price Shading and Suppression

     Price shading is when a market maker delays providing a price to its clients. This gives the market maker better information and allows them to place winning orders at the trader’s expense. Price, shading is particularly noticeable when the current price approaches a new (short-term) level where it is consistently held back, and is clearly a disadvantage to the trader trying to open or close a trade.

     Like shading, price suppression occurs in most market makers’ firms. Since market makers are allowed to set any price they wish, they limit you’re your knowledge of the market by suppressing price movements for their own purposes. They must however, stay within the spread difference at all times or an arbitrage (no risk) opportunity is created for the aware trader.

Scam #5: Post Order Price Shift

     Price Order Price Shifts are two to five pip moves against the trader and for the market makers, within seconds of trade execution. This is most noticeable in slow markets.

     An example of this is when an individual trader goes long (buys) and the price drops against him representing a positive shift for the market makers who effectively sell the corresponding currency to this trader. Once the trade is processed, the price will continue to shift against trader (due to a shift in the average investment in currencies traded) until an equal or larger transaction is placed by another trader. This acts in favor of the market makers, not the trader.

Scam #6: Over Leveraging Accounts

     Market makers will try to encourage their clients to over leverage their accounts to levels such as 400:1 in some cases. This almost always leads to an eventual margin call. The market makers profit from the increased trading volume while the trader loses his funds. Remember that most professional traders at banks and hedge funds do not use more than 10:1 leverage. Neither should you.

We FOREX Investors Are Sick And Tired Of Getting Scammed:
But Using Direct Access Brokerage Is The Best Revenge...

     Finally a breakthrough in HONEST HELP the public has long deserved from the FX brokerage profession - so that you can stop getting robbed blind by greedy market makers - so that you can protect your trading position, avoid traps, and make more money than ever before by making trades with safety and surety.

     We've developed a totally transparent brokerage system with personalized support to give you the same inside track others have enjoyed for so long - often saving you tremendous time, worry, and money!

What is provided to you:

• 1 pip spreads and choice pricing.
• We do NOT run a Trading Desk.
• We will never pull your stops.
• We do not prohibit you from trading before, during and after market moving news.
• We provide you with a unbiased and transparent trading environment.

     Our partner, Currenex Trading Corp. has created an electronic-communication network for currency trading that's patterned after the more familiar equity ECNs, such as Archipelago or Island. Currenex's book looks like a Level II ECN, where the best bid and offer float to the top.

Direct Access to Forex Trading through Currenex Trading Corp.

     Gracian clients use the Currenex Level 1(tm) Trading Platform, which offers live and executable prices that allow each participant in the network to post and bid. Our traders have access to "best bid/best offer" quotes directly from both professional and well as individual. The Currenex Level 1(tm) Trading Platform provides traders with a fully compliant, non-matching system featuring the most advanced customizable Forex trading options.

Pricing Details

     Gracian/Currenex pricing is derived directly from the Electronic Currency Network. All bids and offers are posted anonymously, arranged in order of best bid/offer and are live and executable orders. Unlike most online foreign exchange services, Currenex does not operate a trading desk nor does it manipulate prices.

Lastly, always keep in mind:

THIS IS A HIGH RISK, HIGH REWARD INVESTMENT OPPORTUNITY WITH A GREAT POSSIBILITY TO LOSE MONEY AS WELL AS MAKE IT. DO NOT TRADE WITH FUNDS YOU CANNOT AFFORD TO LOSE.