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Quoting cuchuflito
To finish up on this "bad industry/stupid retailer " thread... Flash crashes are definitely something to be aware of..."Black Swans.." Predictions are, they will increase in frequency. Two in less than a year, they used to happen once in a decade..("Black Friday".) The swissy "spiked" a whopping 1500 pips in less than an hour!!!!!!!!!!!!!!!!! Forex is neither regulated nor centralized.Meaning stops are "honoured " by the kindness of your broker. Funny cause ,some bucket shops actually were "kinder" to their clients than ETFs. Etfs will only trigger...
Cuchuflito,

Funny that i have a current thread running with a similar theme...

Multiple Stop Losses? Guranteed S/L+ Normal S/L-Advice Needed

I request you to kindly share the specific steps you take to protect yourself/assets from the Black Swan Events...and Kindly contribute/correct your take on my current thread...


Thanks
Quoting feline207
...Why do a bunch of losers have to tell if making money with forex is possible or not?...
I've not only seen it in trading, but in other fields, too.
Losers always cry and b*tch around.

They won't take the effort to make it happen, they are lazy and stupid.
They also don't put serious time into it: watching, studying the market and everyhing with it, what works and not, day and night, night after night, over several years.
#best thread name
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Quoting Mingary
{quote} It is soooooo not like any other business. You can find attorneys in the phone book. There are no "millionaire retail forex traders" in the phone book. .. and I know what your reply will be, I will just give you the answer now: Absence of evidence is not proof of existence.

Silly.

There are lawyers in the phone book because they need to solicit business from new clients.

Forex traders buy and sell from each other anonymously, if they have an edge they will not disclose their method.

I know it is possible to gain an edge and I live entirely from my trading, my cash is growing, I don't really need to know if others are succeeding or not.
I live entirely from the growth of my personal trading account
Quoting HudithePfupf
The regulators are finally starting to get the whole picture of the extreme harm to society the forex industry causes. http://www.leaprate.com/forex/regula...unt-offerings/ According to data drawn from the CNMVs latest study, from January 1st, 2015 to September 30th, 2016, 82% of investors who entered into CFD transactions made a loss. The total losses of 30,656 investors, including transaction costs, spreads and fees, came to 142 million (the aggregate results were losses of...
Your odds of being a profitable trader are greater than the lottery or gambling in Vegas. So are the regualtrs going to shut down the lottery, Las Vegas and online gambling. No. Do you know why? The government profits from those. Only reason regualtors are creating the ridiculous regulations on forex is to move people back to futures. They have their hand in the pot on those.
  • Post #67
  • Quote
  • Edited at 10:02am Mar 26, 2017 9:46am | Edited at 10:02am
Quoting pipmaster77
{quote} Your odds of being a profitable trader are greater than the lottery or gambling in Vegas. So are the regualtrs going to shut down the lottery, Las Vegas and online gambling. No. Do you know why? The government profits from those. Only reason regualtors are creating the ridiculous regulations on forex is to move people back to futures. They have their hand in the pot on those.

The regulator's job should be only to ensure that the game is fair, client money is protected etc.
I live entirely from the growth of my personal trading account
Quoting cuchuflito
...Flash crashes are definitely something to be aware of..."Black Swans.." Predictions are, they will increase in frequency. Two in less than a year, they used to happen once in a decade..("Black Friday".)...
I've been around for 5 years so I'm not aware of the Black Friday reference. Which symbol did the "Black Friday" affect? Also, could you elaborate more about the frequency of those roughly once a decade Black Fridays?

Quoting cuchuflito
...Imagine sittting on a 50K profit that wont trigger, (plattform freeze) and being handed a loss...
I've actually started experiencing platform freezes for the first time, nearly each time I try to take profit on a particular (demo) account using larger lots and I think it's because of holding larger lot sizes here because when I do similar trading with much smaller lots, I don't experience platform freeze at any time I try to take profit. Perhaps it's some sort of software limitation on their end having to do with lot sizes? Are there others that have experienced platform freezes while trying to take profit with about 50 lots or more?
Quoting TGS
{quote} I've been around for 5 years so I'm not aware of the Black Friday reference. Which symbol did the "Black Friday" affect? Also, could you elaborate more about the frequency of those roughly once a decade Black Fridays? {quote} I've actually started experiencing platform freezes for the first time, nearly each time I try to take profit on a particular (demo) account using larger lots and I think it's because of holding larger lot sizes here because when I do similar...
Open USDCHF and look 15/01/2015
Quoting Paintomaker
{quote} Open USDCHF and look 15/01/2015
Yes, that's what is being referred to as a Black Swan. I'm also aware of the White Swan. Is "Black Friday" referenced here something different? lol
Quoting TGS
{quote} I've been around for 5 years so I'm not aware of the Black Friday reference. Which symbol did the "Black Friday" affect? Also, could you elaborate more about the frequency of those roughly once a decade Black Fridays? {quote} I've actually started experiencing platform freezes for the first time, nearly each time I try to take profit on a particular (demo) account using larger lots and I think it's because of holding larger lot sizes here because when I do similar...
Black Fridays was in 1929!!

Plattform freezes vary by broker, some are cheating, some it´s just tech problems...my advice, look for "buddies" in forums from your broker!
Quoting cuchuflito
{quote} Black Fridays was in 1929!! Plattform freezes vary by broker, some are cheating, some its just tech problems...my advice, look for "buddies" in forums from your broker!
It would be interesting to catalogue some recent and the new coming occurrences of Black Swans in order to see if there's any pattern of increasing instances and with what symbols or with what they may be associated with.
Quoting TGS
{quote} It would be interesting to catalogue some recent and the new coming occurrences of Black Swans in order to see if there's any pattern of increasing instances and with what symbols or with what they may be associated with.

Part of the definition of the term "Black Swan Event" ( https://en.wikipedia.org/wiki/Black_swan_theory ) is that they are completely unpredictable apart from the fact that they will occur at some point in the future.

IG.com have a guaranteed stop for 1 pip premium paid only if the stop is hit, my Spot strategy is built with that cost included.
I live entirely from the growth of my personal trading account
Quoting guybaker
{quote} Part of the definition of the term "Black Swan Event" ( https://en.wikipedia.org/wiki/Black_swan_theory ) is that they are completely unpredictable apart from the fact that they will occur at some point in the future. IG.com have a guaranteed stop for 1 pip premium paid only if the stop is hit, my Spot strategy is built with that cost included.
Yes of course. What I was meaning is create a record in the event they were to occur again in the future.
Quoting TGS
{quote} Yes of course. What I was meaning is create a record in the event they were to occur again in the future.

I don't understand what use it would be. Imagine a terrorist attack in the heart of New York causes the dollar to shed 5 cents against the Euro in less than 1 second. What would your records help with in the future? These events are by definition not predictable. What am I missing?
I live entirely from the growth of my personal trading account
Look at solar activity as a gauge to black swans. Morse seem to happen when the sun spot cycle deceases. We are in the decline cycle now so I expect a few black swans soon.
Quoting guybaker
{quote} I don't understand what use it would be. Imagine a terrorist attack in the heart of New York causes the dollar to shed 5 cents against the Euro in less than 1 second. What would your records help with in the future? These events are by definition not predictable. What am I missing?
That record would make more clear if there actually is an increasing number of Black Swan events as a function of time. I only am aware of a handful of events associated with the CHF symbol. If it is true and there is actually an increasing number of Black Swans moving forward then a record would at the very least, confirm that. Perhaps it would also imply that previously effective trading techniques that we read about in books and online would need to be modified or discarded all together in this more hazardous environment.
Quoting Hurst
Look at solar activity as a gauge to black swans. Morse seem to happen when the sun spot cycle deceases. We are in the decline cycle now so I expect a few black swans soon.
Okay, I'll wear the tin foil hat if there's actually an association between the two. But someone with the free time would first have to create a record of both to be analyzed so that it's not superstition.
Quoting TGS
{quote} That record would make more clear if there actually is an increasing number of Black Swan events as a function of time. I only am aware of a handful of events associated with the CHF symbol. If it is true and there is actually an increasing number of Black Swans moving forward then a record would at the very least, confirm that. Perhaps it would also imply that previously effective trading techniques that we read about in books and online would need to be modified or discarded all together in this more hazardous environment.


These events are discrete. There is no relationship between them.

Employ good risk management.
I live entirely from the growth of my personal trading account
Quoting Hurst
Look at solar activity as a gauge to black swans. Morse seem to happen when the sun spot cycle deceases. We are in the decline cycle now so I expect a few black swans soon.

Yeah I also find throwing chicken bones into a courner and studying the pattern produced a useful guide to trading
I live entirely from the growth of my personal trading account
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