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jimsasya Jan 24, 2006 3:31pm | Post# 1

Quick question...
 
Can someone please give me a clear answer to this question... If I get stopped out or close out an order at a loss, who gets that money?

cici Jan 24, 2006 3:53pm | Post# 2

Can someone please give me a clear answer to this question... If I get stopped out or close out an order at a loss, who gets that money?
Me!!

JohnFX Jan 24, 2006 3:58pm | Post# 3

Can someone please give me a clear answer to this question... If I get stopped out or close out an order at a loss, who gets that money?
The one who is on the otherside of the trade. In most cases it's a market maker, such as your own broker. Or it could be a bank, another trader, etc.

JohnFX

james16 Jan 24, 2006 4:18pm | Post# 4

The one who is on the otherside of the trade. In most cases it's a market maker, such as your own broker. Or it could be a bank, another trader, etc.

JohnFX
yep or put another way, its someone else.

drjoe4x Jan 24, 2006 4:55pm | Post# 5

Most likely someone here following J16 PA, and most likely not anyone on the Moneytech complainers forum.

james16 Jan 24, 2006 5:13pm | Post# 6

Most likely someone here following J16 PA, and most likely not anyone on the Moneytech complainers forum.



LOL. NOW THAT MADE ME LAUGH.

baboon Jan 24, 2006 8:23pm | Post# 7

Nobody. The fact that you bought currency pair from somebody does not mean that this guy lost money because of that. The same way if you closed your position ( sold a pair ) it does not mean that somebody who bought it from you made any money. It might be for him well a brand new position and his P/L would be 0 minus spread.

jimsasya Jan 25, 2006 2:33am | Post# 8

Thanks for the responses...
 
That sheds some light on the subject.

bloodpoodle Sep 16, 2018 9:26am | Post# 9

The person who you sold it to takes ownership... They may hold it.. or flip it for a quick buck!

GeorgeBaile Dec 28, 2018 5:38am | Post# 10

Can someone please give me a clear answer to this question... If I get stopped out or close out an order at a loss, who gets that money?
Who were in the market (against the position from you).

mlawson71 Dec 29, 2018 11:25am | Post# 11

People holding positions in the opposite directions.


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