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Brokerage conflict of interest - brokers want you to lose money

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Old 17-06-2017, 11:14 PM   #16
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Lol big big! If u can beat the market returns exponentially, I think your Brokers will be following you instead of going against u

Thanks for the weekend joke
for cfd, brokers take the other side mah, no meh
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Old 17-06-2017, 11:16 PM   #17
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So if I were to buy 100k shares of OCBC using normal brokerage the brokers still want moi to lose money despite my shares is in CDP?

Then I use CFD buy 100k shares of OCBC but with leverage lesser cash outlay remaining money can be use to tank the losses if not for other investment opportunities but only pay financing & slippage then how?

Lose money blame broker, win money laugh at broker?

So what? Don't touch CFD? Don't trade stocks? What is your main objective in this thread?
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Old 18-06-2017, 05:26 AM   #18
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Some people are paying thousands* of dollars for taxes.

If you don't work, you don't need to pay taxes. So it is better not to work.
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Old 18-06-2017, 07:52 AM   #19
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for cfd, brokers take the other side mah, no meh
You still alive why you still buy insurance to bet against your life?
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Old 18-06-2017, 09:26 AM   #20
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Brokerage conflict of interest - brokers want you to lose money

i just learnt of the conflict of interest with brokers, particularly CFDs
Summary as below

- 90% of retails traders lose 90% of their money within 90 days
- given this statistics, your broker often take the other side of the trade and statistically they will make money
- Except for HFT, real professional traders do not trade frequently. They adopt a fundamental view , not technical view. 80% FA, 20% TA.
- brokers do not want you to be a professional trader. They hope you day trade in and out of the market as often as possible. Notice how most of their marketing encourages trading rather than investing ?
- they charge you commissions
- they charge you spreads
- and worse of all, they charge financing charge around 3% ear, on daily basis


what you all think? come in discuss.
Basically what anton is trying to convey is that, most gurus (mostly IBs) are preaching the ''trade to make fast income" and luring in thousands of gullible individuals.

The Brokers want both profitable and non profitable Traders.
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Old 18-06-2017, 09:59 AM   #21
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Basically what anton is trying to convey is that, most gurus (mostly IBs) are preaching the ''trade to make fast income" and luring in thousands of gullible individuals.

The Brokers want both profitable and non profitable Traders.
Yeah, 1 gullible individual lured he can make $2000, just 500 individual he can be a millionaire! Haha!
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Old 18-06-2017, 12:25 PM   #22
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Bottom line is, do whatever works for you as long as can huat.

Don't be hard up over those who are able to huat more than you.
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Old 18-06-2017, 01:07 PM   #23
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Bottom line is, do whatever works for you as long as can huat.

Don't be hard up over those who are able to huat more than you.
Ya dun jelly jelly
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Old 18-06-2017, 02:08 PM   #24
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wahkao-wahkao-wahkao,

Those who can move the price make money. Brokerages need you to trade.
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Old 18-06-2017, 02:19 PM   #25
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wahkao-wahkao-wahkao,

Those who can move the price make money. Brokerages need you to trade.
I doubt brokerage needs him, bcos he is just a small retailer who is always complaining the $25 min comm
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Old 18-06-2017, 03:27 PM   #26
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I doubt brokerage needs him, bcos he is just a small retailer who is always complaining the $25 min comm
Tough place to survive. I recently met up with a uni classmate who is a broker now. He will always tell his potential client that only 1 in 10 makes money. Another friend said... why you want to do that ?
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Old 18-06-2017, 10:46 PM   #27
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Tough place to survive. I recently met up with a uni classmate who is a broker now. He will always tell his potential client that only 1 in 10 makes money. Another friend said... why you want to do that ?
no leh. not true
most make money woh

there was a poll a few months ago on that
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Old 18-06-2017, 10:49 PM   #28
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no leh. not true
most make money woh

there was a poll a few months ago on that
Can sic the poll?
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Old 19-06-2017, 12:27 AM   #29
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I think wahkao3 next thread will be

- Government wants all singaporean to lose money
- They hope you spend as often as possible. Notice how most of our advertisement or marketing on TV encourages you to spend rather than save ?
- they charge you gst
- they charge you erp
- they take away your earning and put into cpf
- they keep raising minimun sun so u can't touch your cpf
- they tax u
- and worse of all, they charge you interest for using your own cpf to buy housing

what you all think? come in discuss.
Lol... Nice one...

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Old 19-06-2017, 10:18 PM   #30
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I doubt brokerage needs him, bcos he is just a small retailer who is always complaining the $25 min comm
he is one of those who want cheap, want green, want dua lia ni.
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