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- flinx replied Aug 2, 2016
Ah brilliant, thank you very much.
- flinx replied Aug 2, 2016
Wonderful, thanks very much. I've purchased a book from Amazon which I'll have a read of and hopefully get a better understand of the basics. Afterwards, I'll probabily try find a specialist accountant/tax advisor with knowledge of forex for further ...
- flinx replied Aug 2, 2016
Thanks for the clarity. So basically I could think of it as a company I work for, if it enters debt in a worst case, it's the companies debt and not mine personally? As the owner however it would be my responsibility to file insolvency. So if this ...
- flinx replied Aug 2, 2016
So would I be correct in assuming that would protect me as an individual should I get caught in a large market moving event which was to somehow blow my account and enter me into negative equity?
- flinx replied Jul 14, 2015
I don't properly understand but if your account would be doubled by a 20 pip move what happens if you get slipped 200 pips in an unannounced news event? could you afford to then have to pay the broker 10X your investment? I mean a weekend gap could ...
- flinx replied Jul 14, 2015
True, True. Perhaps I'm taking this question a little out of context, which means I should shut up.
- flinx replied Jul 14, 2015
Of course. I didn't mean to come across that way. I just wouldn't want to see Ziaf with negative equity and have to sell his house or something. Sounds scary but I see a lot of people in this situation surprisingly often. I think the reason 1:400 ...
- flinx replied Jul 14, 2015
If only it was that simple! What about unannounced news events? What about lack of liquidity?
- flinx replied Jul 14, 2015
And what happens when (not if) you get caught through slippage?
- flinx replied Jul 14, 2015
I do hope you realise how dangerous trading at that leverage would be..
- flinx replied Jul 14, 2015
So, a VPS is my best option? I don't trade an EA/robot, I use my own analysis to determine entry points. The only thing I need automatic is 2 target levels at specific points. Would trading through your VPS allow me to do this? Thanks
- flinx replied Jul 14, 2015
So it is true that in order for me to operate using 2 targets, you would expect me as a swing trader to have my computer running 24/7? Why don't you just do it server side and close half of the position at price 1 and the other half at price 2? Why ...
- flinx replied Jul 14, 2015
Sorry, I don't think I understand your post. I understand how 2 targets work, my point is that FxPro cTrader says you have to have the client running in order for this to work. I wanted to ask them if this is true, and if so, why? As this means ...
- flinx replied Jul 14, 2015
Hi, I understand normal stops and targets work. But for some reason anything with more than one target seems to need to have the website running while the trade is open? Isn't this a bit rediculous? I'm a swing trader that uses 2 target levels ...
- flinx replied Jun 28, 2015
Ahhhhh, theres an extra 0! Perfect, Thanks.
- flinx replied Jun 22, 2015
Interesting thoughts everybody.. So far the best options I can really see are: 1) Trade with a company that offers Negative Balance Protection (Ideally ECN account - FxPro potentially) 2) Look into setting up and trading through a Limited Company ...
- flinx replied Jun 21, 2015
My heart goes out to people like you. I do hear however that Alpari is in the process of paying people out now. Negative Balance Protection accounts seem really the only option I know of.. (without basically trading at 1:1 leverage anyway). I don't ...
- flinx replied Jun 21, 2015
Hi, Sorry, this doesn't appear very relevant to my question. For example 'trade what you offer to lose' isn't applicable with negative equity, as the clear issue is it's more than you are willing to lose. I don't mind depositing 5,000 and losing it, ...
- flinx replied Apr 6, 2015
I have just been on the Live Chat with them and they continuously assure me you can NOT go into negative equity. They say that section 12.1 is referring to the fact in big events where you get slipped lots, you accept that's just the process of ...
- flinx replied Apr 6, 2015
I still can't find where it says this... are you sure it says this?? Client Agreement and Risk Disclosure downloaded from their website: 12.1 FxPro shall, at all times, conclude clients transactions in good faith. 24.1 FxPro shall, in its reasonable ...