First of all, here I will tell you a case that happened to me, and then I will dig into the secrets of the broker’s server. After reading all the content, you can carefully recall all the details about this in your trading career , to see if there is a common feeling.
In the middle of 2018, I opened an account with a branch of a well-known Australian brokerage to trade gold exclusively. This broker claims that they are one of the top ten top traders in the world and provide customers with an unparalleled trading experience. I can tell you responsibly that it executes trading orders very fast, almost millisecond-level experience, but what I want to tell you is that this happens when you have not been profitable for a long time.
I have never experienced order execution in milliseconds again when I was profitable for ten or so days in a row. Many times when I open a new position, the order always has to wait for a while to be executed. Sometimes it takes several repetitions to successfully open the position. Although the position is successfully opened, the transaction is not very ideal. Is there such a similar situation in closing positions? I can tell you with certainty that there is. What I want to emphasize here is that when I close a position, many times the execution of the order is slow, or it is necessary to repeat the closing several times to succeed. As a result, my profit is much less. Sometimes It also turned into a loss list. I then withdrew all my profits and left the brokerage.
Now that the story is over, let's walk into the broker's server and unlock its password.
The first is the "rich" server . Most brokers have more than one server, and many well-known brokers have almost four or five servers or even more. When you ask them why they have so many servers, they answer that there are too many customers and one server is not enough. This answer is far-fetched. At the beginning of the transaction, do you think that the broker’s server is very good, and generally speaking, it is better to execute your order under any circumstances. If you have been trading for a long time and continue to make profits for a period of time, then the broker may at this time To migrate your server to another server, you may be notified by email, or you may be migrated secretly, depending on the reputation of the broker. Once your account is moved to a new server, your good days are basically over, and you will find that there are always a series of problems when executing orders, or it is difficult to make transactions. Then such a server is likely to be specially used to delay the execution of your order, and the broker can set up thousands of obstacles through such a server to "steal" your funds.
The second case is a requote . Presumably everyone is familiar with this, that is, the quotation window flickers once, then flickers or even more flickers, does it stop flickering and you see another price? There may be some trolls who complain that the price will definitely be different after I re-quote, then you should think about why you need to re-quote. In fact, re-quote means that the broker finds a quote from the upper-level liquidity provider that is beneficial to you, otherwise you think the broker Why do merchants have so many liquidity providers.
Here I will focus on explaining to you the harm of this re-quote. If you have the habit of wide stop loss or not stop loss, you should pay attention. On major data market or products with insufficient liquidity and frequent gaps, if your stop loss is too wide or not stop loss, then the broker will re-quote you, and you will suffer heavy losses. If your position is too heavy, you will lose every minute Blow up your account. If you go to others, they have very plausible explanations, such as the market fluctuates violently during the non-agricultural period, and the spread continues to expand. If you insist on trading at this time, they can re-quote you a poor transaction position, and then Give you another big spread, and you will lose a lot of money when you place an order, and then they will tell you, dear customer, that we have warned you about the risks a long time ago, so I am very sorry. This is by no means alarmist, if you don't believe me, try it.
The third is that the trading background is busy. If there is an order ready to trade EURUSD now, and there happen to be other orders ready to be traded at this time, it will cause congestion in the simultaneous access server. In addition, there is a plug-in in the broker's software that also controls the trader's order to decide whether to execute the trader's order or reject the trader's order. So, sometimes you see a message saying that the system is busy, please try again later, that's what happens.
The fourth is order processing . Even if it is successfully processed for you, the entry and exit positions are not what you want. Think about it, there was almost no such situation when you first used it. I believe that a powerful broker will execute your order smoothly at any time, but the reality is that it either needs to be operated again, or it takes a long time to process successfully. If you are very competitive, you might as well keep the evidence next time you encounter this situation, and then email it to the broker to see how they respond. Of course, I tried it once. For a licensed and reputable company, I will give you a satisfactory answer. First, I am afraid of complaints. This is mainly because I am afraid of domestic investors. They are not particularly afraid of foreign countries. Many investors want them to give reasonable explanations and even compensation, otherwise they will give bad reviews on major financial platforms. I think they will think twice if you do this. After all, China does not want to give up this piece of cake to its peers.
The fifth is that the server is busy . In fact, the above four problems can be summed up here. This question can take its toll on itself. For example, if you hold more than one lot of gold, the target is set at 1960, the stop loss is at 1880, and the entry point is at 1900. Assuming that the market develops in your direction and reaches near the predetermined point, you can judge that the market at this time may have a high probability Inversion, it is during the active period of the US market. You try to close the position, but the page prompts that the server is busy. Please try again later. Then you try to close the position again, and the execution is delayed, but you find that the execution price is In 1940, it was even more extreme that when you encountered a major market, you even became a huge loss. Of course, if you encounter a black-hearted broker, he is likely to execute orders that should not have been executed. For example, if you place a long order on gold and execute it in 1961, it can expand the spread for you and then execute your order even before the point is reached.
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