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- 115 Results (108 Replies, 7 Comments)
- r41225 replied Jan 23, 2015
Exactly the point! May be the silver lining but I believe not all successful traders start with 100K, some make their way up from the bottom so even though what you're saying is perhaps right but if entry-level is raised by the regulators then I'll ...
Call for Regulations regarding Liquidity Providers
- r41225 replied Jan 21, 2015
Those banks didn't lose their shirts because they weren't stupid to bet shirts, farms & whatever on a terrible, overleveraged trade! That's why got by with small losses while overleveraged, ill-informed traders got slashed to the bone. And how are ...
Call for Regulations regarding Liquidity Providers
- r41225 replied Jan 21, 2015
They'd reduced leverage on EURCHF to 10:1 so may be didn't lose a lot of money & as others have said, it may be a move to attract new customers, chasing traders for negative balances is obviously not going to be a popular move with most traders. I ...
Brokers chasing you for negative account balance
- r41225 replied Jan 21, 2015
That's right, diversifying risk is very important! Not only should one have more than one brokers/accounts but also take profits out of the accounts at regular intervals, & put it into hard assets & put some of it as cash in banks, etc. Markets are ...
Alpari.co.uk Discussion
- r41225 replied Jan 21, 2015
I doubt Forexia would have been any happier had he been filled at 0.06XXX, even if LPs had continued quoting (I think some brokers were still quoting & haven''t re-priced trades that took place at the time so may be some LP were still ...
- r41225 replied Jan 21, 2015
Actually, slippage is gapping & vice versa. It's really a matter of perspective. Many of us see charts in 1m & above TFs but if we could see charts plotted in seconds, milliseconds, microseconds, etc we'd see "gaps" allover the place! Even when ...
Brokers chasing you for negative account balance
- r41225 replied Jan 21, 2015
Banks trade in the forex market as much out of necessity as they do for profit. People in different parts of the world have to buy/sell foreign currences for various reasons (import, export, travelling, etc), for this, they go to banks, & banks, in ...
Brokers chasing you for negative account balance
- r41225 replied Jan 21, 2015
Quoting a certain price shows willingness to buy/sell, not quoting a price at a given time shows an unwillingness to buy/sell. Since you don't even grasp such a basic concept, it's not surprising that you have blown up your account. You are not ...
Brokers chasing you for negative account balance
- r41225 replied Jan 20, 2015
You don't understand, you're trying to kill the goose that lays golden eggs in the hopes that you'd get all the eggs at once! Retail forex needs banks more than they need it! It's their game, we get to play it, if you try to use force against them, ...
Brokers chasing you for negative account balance
- r41225 replied Jan 20, 2015
Great post! Unfortunately though, some people are incapable of understanding these things (no prizes for guessing that they were on the wrong side of the trade!), these people will only stop moaning when regulators shut down retail forex or ...
Call for Regulations regarding Liquidity Providers
- r41225 replied Jan 20, 2015
All these same points had been pointed to him by many of us in his own thread "call for regulations......" but he just doesn't get it, as you've said, perhaps that's the reason he's in the situation that he's in. This is what he doesn't seem ...
- r41225 replied Jan 19, 2015
As I've said, having a policy to absorb losses from negative balances is likely going to hurt the stability of an ECN in the long-run because such events, though rare, can & do happen. Dukascopy had reduced leverage on EUCHF to 10:1. I think it's ...
CHF move as a broker "Stress Test" - Which tried to honor SL's?
- r41225 replied Jan 19, 2015
That's like $100/pip....... It's not a question of not having a SL, even if you do have a SL, during such events, you could get slipped by hundreds or thousands of pips (just look at the guy above), simply because there's no liquidity in the ...
CHF move as a broker "Stress Test" - Which tried to honor SL's?
- r41225 replied Jan 19, 2015
This is most likely the case, which then opens up a whole can of worms......because if an ECN broker took on the negative balances then it will have to recover those one way or another, either by raising its commissions or something else, otherwise ...
Brokers with Negative Balance Protection
- r41225 replied Jan 19, 2015
LOL You're right but those brokers who forgive negative balances from traders are either bucketshops (so they don't owe money to anybody on the other side like an ECN would in this situation) or they are absorbing the losses, which they will have to ...
Brokers chasing you for negative account balance
- r41225 replied Jan 17, 2015
I was thinking about opening an account with Alpari a while back but now I'm glad I didn't. I hope you're able to recover your funds in full. Good luck.
Alpari.co.uk Discussion
- r41225 replied Jan 17, 2015
I STILL think ECNs are better than an average MM because MM can go bust at any time their winning traders win more than what losers have lost & they can play tricks too but ECNs are at risk during rare events like the one we've witnessed. As I've ...
So... it turns out that Market Maker models aren't that bad
- r41225 replied Jan 17, 2015
The only "correct price" for any given transaction is the one where buyer and seller agree to make that transaction. Accordingly, the "correct price" after the 1.2 floor broke was the one where buyers & sellers agreed to transact, that's just the ...
Call for Regulations regarding Liquidity Providers
- r41225 replied Jan 16, 2015
Yeah, if enough losing traders whine about more regulations then this exactly what forex industry might have to face I'm afraid
Call for Regulations regarding Liquidity ProvidersI don't agree that it is justifiable for governments to force grocers to stay open, I believe only voluntary ...
- r41225 replied Jan 16, 2015
That's right. That's what smart ones already do & those would perhaps be the best option for the traders but obviously, not every MM is good at doing it well. And, is it really that easy for us to spot the smart MMs? These days most brokers like to ...
So... it turns out that Market Maker models aren't that bad