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Traderway spike on charts

  • #81
  • Sep 4, 2017 4:09pm Sep 4, 2017 4:09pm
Quoting Ratmach
{quote} Okay, I've hesitated saying this, but: I know for a fact that people WERE reimbursed for losses incurred because of the spikes... AND others were allowed to keep their profits from the spikes, if based on the traders' closing of previously-opened trades. So your stating that T'sWay would never allow that is just flat wrong. And no, I won't be providing personal "proof" of what I just said, since this is getting pretty weird.
So we have to take your word for it?

Quoting Ratmach
{quote}It feels like there's a witch hunt out to take down T'sWay, and trying to get current clients to inadvertently help in that take down.
And yet what other people comment is a witch hunt??!! Nobody is calling Tradersway witches except you??!! LOL If you have read my posts, I have ALWAYS been commenting on non-ECN brokers in general. I do discuss Tradersway's particular practices yes but I never singled them out as what they do is very typical of non-ECN brokers; it's nothing new. And no matter how they or you or anybody want to spin it, dispute it or whatever, Tradersway is NOT an ECN broker and non-ECN brokers ARE known to engage in unfair dealings against traders. That's just how it is. Don't kill the messenger. Your problem should be with the brokers, not with me. I am on YOUR side IF you are a legitimate trader. LOL
Make your losses in demo. Earn your profits live.
  • #82
  • Sep 4, 2017 4:19pm Sep 4, 2017 4:19pm
Quoting Forexia
{quote} So we have to take your word for it? {quote} And yet what other people comment is a witch hunt??!! Nobody is calling Tradersway witches except you??!! LOL If you have read my posts, I have ALWAYS been commenting on non-ECN brokers in general. I do discuss Tradersway's particular practices yes but I never singled them out as what they do is very typical of non-ECN brokers; it's nothing new. And no matter how they or you or anybody want to spin it, dispute it or whatever, Tradersway is NOT an ECN broker and non-ECN brokers ARE known to engage...

Criticizing and spreading conspiracies about an event that you know nothing about is the definition of a "witch hunt".
Trade with confidence, trade without fear.
  • #83
  • Sep 4, 2017 4:21pm Sep 4, 2017 4:21pm
Quoting Forexia
{quote} So we have to take your word for it? {quote} And yet what other people comment is a witch hunt??!! Nobody is calling Tradersway witches except you??!! LOL If you have read my posts, I have ALWAYS been commenting on non-ECN brokers in general. I do discuss Tradersway's particular practices yes but I never singled them out as what they do is very typical of non-ECN brokers; it's nothing new. And no matter how they or you or anybody want to spin it, dispute it or whatever, Tradersway is NOT an ECN broker and non-ECN brokers ARE known to engage...
Since I added it as an "edit" to my earlier comment, you may not have seen it. So just wanna make sure you do. Here's what I said:

"And Forexia, I just want to say that I don't have a problems with you sounding the alarm where sketchy brokers are concerned. God knows there are plenty of them, and reminding the world of that is a GOOD thing. It's just that, in this particular case with this particular broker, I think you're wrong. But overall, warning about what brokers are capable of... that's fine."
  • #84
  • Sep 4, 2017 4:33pm Sep 4, 2017 4:33pm
Quoting Ratmach
{quote} I know of two times there were major spikes, and these spikes occurred on several pairs at the same time. When one of the spikes occurred, about a half an hour later there was another, opposite spike which put the price pretty much back where it started (and now accurate). The other spikes happened a few hours later, but this one was "corrected" within about a minute or two. There may have been more, but these are the ones I noticed.
I don't think you know how price "spikes" happen and how they impact traders' bottom line. They don't just "correct" each other and that makes everything ok especially when they didn't happen with all brokers. The issues of these price "spikes" is two-fold, 1) the disruption of price discovery of "true" values of spot currency pairs and more importantly 2) Equivalence of traders' profit/losses with traders who traded the same currency pairs with other brokers.

In terms of price discovery, because spot forex is not traded on central exchanges, we never know what the "true" price of those currency pairs are supposed to be; it's whatever the brokers set them to be. So it really doesn't matter. It was a made-up price by the broker to begin with so what if it was spiked way out of proportion and now it's supposedly back down to what the level is supposed to be? Is the current price correct? Who knows? We would never know until the price "spikes" again due to "technical error" or "erroneous price feed by a LP". LOL

But the second issue is more important because it directly impacts traders. If you had traded in the same currency pair(s) with another broker(s), you would NOT have experienced those "spikes" and your trades would've enjoyed the price movement with the more reasonable prices that reflects more accurately the value of the currency pairs and any resulting profit/losses from the trades. Just because these traders have traded with Tradersway, they are now being penalized by those "price spikes" which we will take the broker's words as "technical errors". And according to FPA links, it's highly doubtful traders would be compensated because this is NOT the first time that those price spikes happened in Tradersway and traders have complained and tried to get compensations and they were not successful. And just so I won't be accused of "witch hunting" Tradersway, if you trade with non-ECN brokers, you may be subject to other manipulative dealings that those brokers would choose to deal to you but at at least you won't be experiencing these price "spikes" that were obviously exclusive to Tradersway and proven unfavourable to traders affected.
Make your losses in demo. Earn your profits live.
  • #85
  • Sep 4, 2017 4:37pm Sep 4, 2017 4:37pm
Quoting Forexia
{quote} I don't think you know how price "spikes" happen and how they impact traders' bottom line. They don't just "correct" each other and that makes everything ok especially when they didn't happen with all brokers. The issues of these price "spikes" is two-fold, 1) the disruption of price discovery of "true" values of spot currency pairs and more importantly 2) Equivalence of traders' profit/losses with traders who traded the same currency pairs with other brokers. In terms of price discovery, because spot forex is not traded on central exchanges,...
Criticizing and spreading conspiracies about an event that you know nothing about is the definition of a "witch hunt".
Trade with confidence, trade without fear.
  • #86
  • Edited 5:09pm Sep 4, 2017 4:47pm | Edited 5:09pm
Quoting Ratmach
{quote} Since I added it as an "edit" to my earlier comment, you may not have seen it. So just wanna make sure you do. Here's what I said: "And Forexia, I just want to say that I don't have a problems with you sounding the alarm where sketchy brokers are concerned. God knows there are plenty of them, and reminding the world of that is a GOOD thing. It's just that, in this particular case with this particular broker, I think you're wrong. But overall, warning about what brokers are capable of... that's fine."
Which I hope I am. I would be more than happy that I am wrong but the reason why unfortunately I have to put in my doubts is NOT because I don't trust Tradersway. It's because the very business model/structure that retail forex brokers operate in incentivizes them to engage in many of the unfair dealing practices that have been observed in the industry. There is a reason WHY there are only so few of true ECN brokers in forex trading at the retail level; it's because it's VERY expensive and it's less profitable for the broker. There used to be more true ECN brokers in retail forex trading but they have all left one by one, many of them has gone institutional, one went bankrupt and some just raised minimum capital requirement that is way out of reach of retail traders like you and me. It's just not profitable for a broker to survive on just commissions alone with traders just having micro-accounts that start as low as $10 like Tradersway. What can you do with $10 even with 1:1000 leverage? A standard lot in spot fx trading is at least $100K. With $10 at 1:1000 leverage, that's only $10,000. How much commissions do you think Tradersway would have to charge in order to be profitable vs. how much they could be making? In essence what you are asking is really for them to give up bigger piece of the pie to the trader? And WHY would they want to do that? WHY would they want to make only $1 million when they can be making $10 million, $100 million?? Just like us, they are in the profit-making business too. They are NOT charities.

This is why again, I propose the central exchange model for spot forex trading. With everybody pitching in, all the large banks, institutions, dealers routing orders into a central exchange, there would be more order flow and more trading and more liquidity so brokers like Tradersway IF they are REALLY trying to be an honest broker, can make healthy profit just by charging commissions alone and not having to trade against their own clients. They would not be expected to give up any pieces of the pie to be honest because the pie is simply bigger with MORE parties shouldering the orders. And the same time, us traders would finally have decent chance of making money because nobody is trading against us. Our orders would be executed by multiple of parties; it could be a broker, a dealer, a bank, or even another trader.
Make your losses in demo. Earn your profits live.
  • #87
  • Sep 4, 2017 4:55pm Sep 4, 2017 4:55pm
Quoting Forexia
{quote} Which I hope I am. I would be more than happy that I am wrong but the reason why unfortunately I have to put in my doubts is NOT because I don't trust Tradersway. It's because the very business model/structure that retail forex brokers operate in incentivizes them to engage in many of the unfair dealing practices that have been observed in the industry. There is a reason WHY there are only so few of true ECN brokers in forex trading at the retail level; it's because it's VERY expensive and it's less profitable. There used to be more true...
Very definition of spreading baseless conspiracies

VI. No conspiracy or doomsday

Forex Factory is not the place for people with an extraordinary ability to detect conspiracies, or people who have the ability to predict the demise of a market, monetary system, government, country, civilization, or the world itself. These abilities are not useful in trading, and serve as a distraction to traders who view the market from a professional standpoint.
Trade with confidence, trade without fear.
  • #88
  • Sep 4, 2017 5:03pm Sep 4, 2017 5:03pm
Quoting Forexia
{quote} This is why again, I propose the central exchange model for spot forex trading. With everybody pitching in, all the large banks, institutions, dealers routing orders into a central exchange, there would be more order flow and more trading and more liquidity so brokers like Tradersway IF they are REALLY trying to be an honest broker, can make healthy profit just by charging commissions alone and not having to trade against their own clients. They would not be expected to give up any pieces of the pie to be honest because the pie is simply...
Good luck with that, what (if any) influence do you hold to make this happen?
Trade with confidence, trade without fear.
  • #89
  • Sep 4, 2017 5:58pm Sep 4, 2017 5:58pm
Quoting Cryptosurf
There is a thread over on FPA regarding this and a rep for TW is actively addressing. http://www.forexpeacearmy.com/commun...t.51853/page-2

Thanks Cryptofurf I have been over to that one and noticed that Tradersway was actively addressing all the complaints as well. I have checked several forums for unresolved complaints. I have not found any legitimate complaints unresolved or unaddressed by TradersWay.
L-Train
  • #90
  • Sep 4, 2017 6:01pm Sep 4, 2017 6:01pm
Quoting ltrain
{quote} Thanks Cryptofurf I have been over to that one and noticed that Tradersway was actively addressing all the complaints as well. I have checked several forums for unresolved complaints. I have not found any legitimate complaints unresolved or unaddressed by TradersWay.
The fact that they have someone on it tells you a lot. Despite what the tin foil hat conspiracy theorists has to say about it.
Trade with confidence, trade without fear.
  • #91
  • Sep 4, 2017 6:07pm Sep 4, 2017 6:07pm
Quoting ltrain
{quote} Thanks Cryptofurf I have been over to that one and noticed that Tradersway was actively addressing all the complaints as well. I have checked several forums for unresolved complaints. I have not found any legitimate complaints unresolved or unaddressed by TradersWay.
I've been with them for less than a year, but so far no problems. Actually just the opposite... they are quick to respond, friendly, and seem to know what they're doing. These weird spikes are the ONLY negatives I've seen so far from them. I'd like to see MORE brokers like them, because that would hopefully cause the U.S. authorities to rethink their idiotic "rules" re. U.S. brokers and U.S. citizens.
  • #92
  • Sep 4, 2017 6:14pm Sep 4, 2017 6:14pm
Quoting Cryptosurf
{quote} Now you're just being ridiculously and intentionally dishonest. He didn't blame the event in question on roll over at all. The end of day spike/roll over was on a different date altogether. Not sure why you are so emotionally invested in an event with a broker you admittedly never used. And looking at at your post history you spend most of your time running around with your hair on fire, screaming "the sky is falling!"


Quoting Cryptosurf
{quote} Good luck with that, what (if any) influence do you hold to make this happen?
Right on. I think Forexia needs to start a different thread as this is about TradersWay responsibly dealing with a price spike and any TradersWay issues. Isnt it a bit off topic to be talking about the supposed merits of a centralized exchange? The stock market has had total meltdown days from what I can see. So how does a centralized exchange mean less corruption. Forexia is having a rather difficult time because he is off topic I think.

We don't know where the price spike came from. From what I can see of Tradersway behavior since the spikes, Tradersway was a victim of the spikes more likely than the perpetrator. But we don't know for sure.

But we do know that Tradersway says it was their liquidity provider, and that TradersWay has gone through the trouble of resolving traders issues, even going on forums to resolve issues, as well as by email to their customers.

Forexia commenting on a lot of forums? Why?
L-Train
  • #93
  • Sep 4, 2017 6:35pm Sep 4, 2017 6:35pm
I just sent a personal message to TWay, letting them know some of us appreciate them. I figure they could use that right about now.
  • #94
  • Sep 4, 2017 6:39pm Sep 4, 2017 6:39pm
Quoting ltrain
Forexia commenting on a lot of forums? Why?
My guess is that he's been burnt by some bad brokers before. If so, I can understand how he can be more than a little cynical. HOWEVER, that needs to aimed where it's deserved... and I just don't think TradersWay is the right target.
  • #95
  • Sep 4, 2017 8:50pm Sep 4, 2017 8:50pm
These price "spikes" are NOT new even the ones that they say are due to roll-over. Roll-over's are NOT supposed to cause price "spikes" like these. They say the "spikes" were due to this ONE LP. WHO is this mysterious LP? Do they have a name? They are allowed to disclose who provide liquidity to them you know. It's not anything private. And just to let you know those won't be the last. You WILL be seeing MORE of these mysterious price "spikes" in the future, all due to all kinds of errors.

Anyway just consider you have been warned. That's all I am going to say. Good luck trading with them!
Make your losses in demo. Earn your profits live.
  • #96
  • Sep 4, 2017 8:51pm Sep 4, 2017 8:51pm
Quoting ltrain
{quote} {quote} Forexia commenting on a lot of forums? Why?
Because I want to let people to be aware and I can. And so far, I have only commented on ONE thread. The other thread is just a duplicate of this one.
Make your losses in demo. Earn your profits live.
  • #97
  • Sep 4, 2017 9:19pm Sep 4, 2017 9:19pm
Quoting Forexia
These price "spikes" are NOT new even the ones that they say are due to roll-over. Roll-over's are NOT supposed to cause price "spikes" like these. They say the "spikes" were due to this ONE LP. WHO is this mysterious LP? Do they have a name? They are allowed to disclose who provide liquidity to them you know. It's not anything private. And just to let you know those won't be the last. You WILL be seeing MORE of these mysterious price "spikes" in the future, all due to all kinds of errors. Anyway just consider you have been warned. That's all I...
You still haven't explained how you you feel you are uniquely qualified to make such statements.
Trade with confidence, trade without fear.
  • #98
  • Edited 2:56am Sep 5, 2017 2:09am | Edited 2:56am
Quoting ltrain
{quote} Thanks Cryptofurf I have been over to that one and noticed that Tradersway was actively addressing all the complaints as well. I have checked several forums for unresolved complaints. I have not found any legitimate complaints unresolved or unaddressed by TradersWay.
This account has been inactive for over two years and suddenly becomes active to shill for TW?
  • #99
  • Edited 3:41am Sep 5, 2017 3:27am | Edited 3:41am
OK Nicholishen, This begs the question: Why are you on this forum?
I don't know whether to laugh or to think that there is something more nefarious going on.

Lets give this a little thought. Now you say "suddenly" I just decided to "shill" for TradersWay. I can see how someone might be a little suspicious. But I don't think you can be taken seriously. Here is why:

-Lets keep in mind that I am a customer of TradersWay and it was the Price spike that has me on this forum.
-Its the price spike that has brought MANY PEOPLE into more activity recently.
-Almost all of them ARE CUSTOMERS OF TRADERSWAY.
-So that Explains why we are on this Forum that's why many of us who are generally inactive have become active on ForexFactory on this TradersWay Forum.

OK Nicholishen. Why are you on this forum? ARE YOU A CUSTOMER OF TRADERSWAY?
( I posted my emails to TradersWay on the "cable update" forum on FF)

- First of all if I was a Shill, wouldn't you see me on ForexFactory shilling all the time? What you say doesn't make sense.
- You see Shills are people who get paid to keep making post all the time. I trade to make money. I dont make post on ForexFactory for money. So that's
why I am generally inactive.
- So its people like you who are more suspected of being a shill for some unknown entity. You would have seen me on ForexFactory all day everyday shilling
right? The way you, and Forexia, and Shrike and others are constantly on FOREXFACTORY making post.
- Of course I could accuse you of being a shill but that would be without evidence, so its kind of pointless.
- If you followed the posts I made you would know that I called out TradersWay several times on their lack of Transparency.
- And I give credit where credit is due to those who Suspect TradersWay. Although I think their conclusions are misguided.
- I keep on waiting for someone to give me some evidence that TradersWay customers did not get their complaint resolved.

So Nicholishen do you have any evidence that TradersWay has not dealt with this responsibly? Is it that some people go on Forums randomly to make provacative commentary? Whats going on here? I don't know whether to laugh or to think that there is something more nefarious going on.
So lets go over the actual course of events here:

1. THERE WAS A PRICE SPIKE ON TRADERSWAY.
2. Many customers of TradersWay (including myself) got active on various Forums including ForexFactory.
3. TradersWay put a lot of work in to responsibly addressing all of their customer complaints

Lets be serious Nicholishen.

Nicholishen. ARE YOU A CUSTOMER OF TRADERSWAY?
L-Train
  • #100
  • Sep 5, 2017 4:25am Sep 5, 2017 4:25am
Quoting Cryptosurf
{quote} Criticizing and spreading conspiracies about an event that you know nothing about is the definition of a "witch hunt".
Yes, Its as if these forums just attract random people. That is perfectly fine I guess. But then they start making random accusations. I haven't been on these forums posting in a while and didn't realize how silly it could get. I agree. It is important to stay on topic.
L-Train
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