GU seems to be doing a retrace now and looks to get supported at 1.8127. Hope a bullish reversal candle will form and I will wait to go long again.
Help needed in OANDA + users from Malaysia 105 replies
DislikedGU seems to be doing a retrace now and looks to get supported at 1.8127. Hope a bullish reversal candle will form and I will wait to go long again.Ignored
DislikedThe RBS (Resistance Become Support) is very strong... don't break... a new high might be seen today. Break it... Free Fall!!!!!!Ignored
DislikedMoving down all SL to the GREEN side. No more WHIPSAW pleaseeeeeee
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DislikedYeeepeeeee..... nice fallMoving down all SL lower on the green securing more profit. Let it runs baybeh!!!
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DislikedFXCM appreciates your concerns and would like to clarify a few of your questions.
This week we have large financial institutions fall due to what we believe was over exposure and taking on too much risk.
FXCM strives to limit unnecessary risk. FXCM operates under a No Dealing Desk Execution model. We provide you with streaming prices given to us directly from the banks and financial institutions. These are the prices you will see.
Brokers providing you with lower spreads may be tailoring the prices given to them by the banks and holding the risk on their end.
FXCM feels that it is in your best interest that we strive to limit our risk and will continue to provide you with the spreads and rollover rates we are receiving from the banks we work with.
In volatile market conditions like these that have caused multi-billion dollar entities to go under, we believe it would not require very many losses to wipe out a multi-million dollar entity. If they go bankrupt because of the risk they took on, you lose as well from having your funds frozen in bankruptcy litigation for years.
FXCM chose the no dealing desk execution model to avoid these conflicts and dilemmas with our clients.
We apologies for this inconvenience, but will continue to only stream you the prices and rollover that are given to us directly from banks and financial institutions
Thank you,
Jaclyn Sales
Public Relations Coordinator
FXCM / DailyFX.com
Financial Square
32 Old Slip, 10th Floor
New York, NY 10005
Dir (646) 432-2463
Tel (212) 897-7660
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