Forex Broker strategy

Forex Broker strategy - Kitchen

January 10, 2008 – 4:58 am

Most a simple method of job. It is used mainly at job with not skilled clients or in regions where the speculative aspect of investment business practically is not developed. Using this method, management of the dealing center is based on the assumption, that the majority of players (clients) will lose the money sooner or later. It is promoted by a lot of the reasons. The cores are the lowest vocational training of the client, excessive aggression and practically absolute ignorance of foreign language. Such clients are very often completely out of the basic information streams.

Besides it is necessary to remember that the person having opened of a position is under strong psychological pressure and it is inclined to make inadequate acts that does not promote its profitable job.

In case of “kitchen” functions of dealing center are reduced to registration of client (virtual) transactions and their results. All basic job on reduction of client bills is carried out with client inexperience and greed. For increase in profitability of this process employees of dealing center by means of various shifts compel clients to fulfilment as much as possible number of transactions. As a rule, technology of “kitchen” is used by dealing center in which clients work in client’s halls and are subject to implicit influence as employees of dealing center, and the same clients in a greater degree, rather than clients of Internet brokers.