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Hi Chris,

I have been receiving your new analysis that you have from a group called tradingcentral. So far their analysis has been clear, understandable and best of all useful. I am enquiring as to the independence of tradingcentral.

 

  1. Are they affiliated in any way with GoMarkets liquidity providers? That is are you able to veify that their website claims I list below are true?

I only ask this, because you are their client and not the traders that use your data feed.


Trading Central Claims:

  1. TRADING CENTRAL is a Certified Member of the Investorside Research Association . Financial research produced by TRADING CENTRAL is independent and free from investment banking conflicts.
  2. TRADING Central aims to serve investors’ interests only and not that of companies.
  3. TRADING CENTRAL SA is not an Investment Services Provider as defined by the AMF (Autorité des Marchés Financiers), the French regulatory body.
  4. TRADING CENTRAL AMERICAS, INC is registered with the U.S. Securities and Exchange Commission (SEC) as an Investment Adviser (IARD/CRD number 801-67210, SEC Number 801-67210).

If the above is true and my experience so far continues, it seems like you made a very good choice for me.

Thank you

Hi Chris,

But adding free RSS Feed to your news is not helping as I see you added:

http://feeds.feedburner.com/ActionForexall/

& we end up getting this:

Quote
Reports from the twelve Federal Reserve Districts indicated that economic activity generally continued to expand since the last report, though a few Districts indicated some deceleration. Some slowing in the pace of growth was noted in the New York, Philadelphia, Atlanta, and Chicago Districts. In contrast, Dallas characterized that region's<img src="http://feeds.feedburner.com/~r/ActionForexall/~4/pWq-tz4E4f8" height="1" width="1"/>

Most of the news feed remain CRAP & sorry for saying that.

So hope you can clean the mess as there some FX related news flooded with Jen Lo stories.. & not even talking about FDA warning about meds!

Regards
13
Attached Image (click to enlarge)
Click to Enlarge Name: news crap.jpg Size: 114 KB
Brokers are angels
Quoting fx13
Hi Chris,

But adding free RSS Feed to your news is not helping as I see you added:

http://feeds.feedburner.com/ActionForexall/

& we end up getting this:



Most of the news feed remain CRAP & sorry for saying that.

So hope you can clean the mess as there some FX related news flooded with Jen Lo stories.. & not even talking about FDA warning about meds!

Regards
13
Hi 13,

As I mentioned the other day we are in the process of changing the news feed, but like a lot of things it is not an instant process.

I would hope that it will be updated in the coming days.

Thanks,
Chris
Quoting aquaart
Hi Chris,

I have been receiving your new analysis that you have from a group called tradingcentral. So far their analysis has been clear, understandable and best of all useful. I am enquiring as to the independence of tradingcentral.

 

  1. Are they affiliated in any way with GoMarkets liquidity providers? That is are you able to veify that their website claims I list below are true?

I only ask this, because you are their client and not the traders that use your data feed.


Trading Central Claims:[list][*]TRADING CENTRAL...

Hi,

I can confirm that Trading Central have no affiliation to our liquidity providers. The only relationship between GO Markets and Trading Central is the new agreement for them to provide our clients with the daily technical analysis brief.

I am glad for the feedback and hope you continue to find it to be useful. We are currently using a test environment which only provides the daily emails, however should everyone find it useful we will be adding to the offering with features such as a web login so you can see many more technical insights on demand.

I appreciate the feedback and hope it continues to be a useful tool.

Thanks,
Chris
Quoting GoMarkets
Hi,

I am glad for the feedback and hope you continue to find it to be useful. We are currently using a test environment which only provides the daily emails, however should everyone find it useful we will be adding to the offering with features such as a web login so you can see many more technical insights on demand.
Yeah its been very good, with a clear cut line as to where Trading Central believe quotes will pivot from mainly buying pressure to selling pressure (or vice versa of course).

I have found that if I combine it with my own analysis (which looks at the market in a very different way to what they do), the areas where my analysis conflicts with theirs the symbol tends to be very weak in its direction.

However where they are in agreement, the quote movement has been distinctly in the identified direction. That's what is has been for each of the 4 pairs that we have had the technical analysis feed for.

Thanks again, and thanks for the above confirmation...
Hi , did anyone ever read up the PDF file - terms & conditions for spot margin fx contracts whenever signing up with Go? There was this clause stated in the document

Use of funds deposited with us

3.5 We deposit all money paid by you into our trust account, which is an account operated in accordance with the Corporations Act. You agree and acknowledge that :

(a) ...
(b) ...
(d) we are entitled to invest the money in the trust account in accordance with the Corporations Act and Corporations Regulations including in:
(i) investments in any manner in which we are, for the time being,
authorised to invest in;
(ii) investment on deposit of any eligible money market dealer;
(iii) investment on deposit at interest with any Australian ADI;
(iv) the acquisition of cash management trust interests;
(v) investment in a security issued or guaranteed by the Commonwealth
or a state or territory;
(vi) investment on deposit with a clearing and settlement facility;
(e) ...


So the company will and can use the fund in the trust account for their investment interest.

Does all brokers company do the same thing?
Quoting aquaart
Yeah its been very good, with a clear cut line as to where Trading Central believe quotes will pivot from mainly buying pressure to selling pressure (or vice versa of course).

I have found that if I combine it with my own analysis (which looks at the market in a very different way to what they do), the areas where my analysis conflicts with theirs the symbol tends to be very weak in its direction.

However where they are in agreement, the quote movement has been distinctly in the identified direction. That's what is has been for each of the 4...
I like it. It is good to have my thoughts 'confirmed' or of course rebutted on occasion. Very useful.
Quoting Stagmont69
Hi , did anyone ever read up the PDF file - terms & conditions for spot margin fx contracts whenever signing up with Go? There was this clause stated in the document

Use of funds deposited with us

3.5 We deposit all money paid by you into our trust account, which is an account operated in accordance with the Corporations Act. You agree and acknowledge that :

(a) ...
(b) ...
(d) we are entitled to invest the money in the trust account in accordance with the Corporations Act and Corporations Regulations including...
Technically, yes. But my understanding is that all returns would go back to the trust, which ultimately benefits clients. What exactly they can invest in is limited to the trust agreement, and ASIC laws. At least the money is segregated.

Most jurisdictions do not require client segregation of funds for forex and brokers will mix clients monies with their own, usually to make their gross/net income look bigger on paper. I find it interesting how futures exchanges makes segregated accounts look so effortless.
Measure trends automatically with zero lag
Quoting Steph
I like it. It is good to have my thoughts 'confirmed' or of course rebutted on occasion. Very useful.
True

Olive green is where my trading thoughts have conflicted with theirs.

First day - yesterday
I believed EU was a sell from the top edge of green box and a buy above.
They believed it was a buy from bottom edge of green box and sell below.
Resultant middle areas obviously did both, but the key edge was the boundary before the big positive for USD Trade Balance news release.

Second day Today
I believed it was a sell from bottom of green box onwards and a buy from the bottom edge.
They believed it was a sell all the way up to the top edge, both were right for the area that quotes were in but their analysis was obvioiusly more correct as I had missed a key resistance from days beforehand that was just in the olive green boxed area.

But again the edge of where analysis conflicted proved to be a key point. Their analysis is picking up points that I just don't see beforehand and making analysis so much more accurate. Similar things happening in the edge of the green boxes for the AUD and GBP as well.

Turning it into a few profitable trades would be the best.
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Quoting Stagmont69
Does all brokers company do the same thing?
No most brokers around the world don't even have segregation of funds. So although it may look bad it is probably better than a lot of other brokers.

If you are in a well regulated nation like USA, UK, western EURO zone, Japan, Aust. Then the main issue should been execution speed and staying away from trading where slippage (better known as gaps in the real market) may occur.

Their data feed for me, only a 1000 km away from their Melbourne base is heck of a lot better than FXCM Australia and IBFX Australia (I've tried both).

FXCM have to route orders via Britian than to NY for Australian trade execution, (or use to) very slow and can sometimes give seconds of delays. I once had over a 3 minute delay with them. (Must have had a coagulation in their coaxils).

IBFX very new to Australia. But before there was IBFX Australia, Australian IBFX customers had their execution only performed in Britian (I think) which is still slow for Australian residents.
For the first time we brought you another cheating factor "Playing with Leverage" ... never anyone on all Forex trading have ever thought of such a cheat, and if I say it then no one would believe it.. I just let you see it by your eyes... Yes Leverage is the new cheat with brokers.

There is some broker who is playing cheat by changing leverage from 1:500 to 1:200 or even 1:100 from time to time. This is a new method of cheating.
Any one who has experience on this? Please share your experience here.
Quoting taipan99
For the first time we brought you another cheating factor "Playing with Leverage" ... never anyone on all Forex trading have ever thought of such a cheat, and if I say it then no one would believe it.. I just let you see it by your eyes... Yes Leverage is the new cheat with brokers.

There is some broker who is playing cheat by changing leverage from 1:500 to 1:200 or even 1:100 from time to time. This is a new method of cheating.
Any one who has experience on this? Please share your experience here.
I think wrong thread? I've never seen that happen. You could write or use an indicator that shows the spread pulled from the broker settings and have it display on the chart. Then you could see what leverage you have all the time. You're margin per position should also be an indication of the total leverage.

Quoting aquaart
.......
IBFX very new to Australia. But before there was IBFX Australia, Australian IBFX customers had their execution only performed in Britian (I think) which is still slow for Australian residents.
Actually IBFX have all their trading servers in New York (or in NJ, right across the river). They claim they wanted consistency in execution and . I thought it was kind of weird because they have an australian branch, why no australian servers. They have an "office", but when I asked if I could visit, they said no "It's a small office".

The ibfx.com.au is really just a technicality separate themselves from the USA division to serve the rest of the world and move away from NFA restrictions on leverage and other things. If you notice, all of the major forex brokers in the US have at least 1 non-usa hub.
Measure trends automatically with zero lag
I wanted to follow up on mt5 metatrader 5 demo status. You should already have demo available now.
Measure trends automatically with zero lag
Quoting ybfjax
I wanted to follow up on mt5 metatrader 5 demo status. You should already have demo available now.
Hi,

We could have had a MT5 beta demo up and running this weekend, but we took a decision to take an extra week or so to put in place a proper setup. Lots of brokers are still running MT5 demos using a limited architecture, and we could have done the same, but we decided that it was worth setting it up exactly as we plan to do for the live system. This means we will hopefully be able to complete the testing sooner and make it available for live trading more quickly.

One thing we also do, which some brokers do not is buy all our own servers and hardware, rather than renting. This obviously creates a slight delay as everything has to be ordered, delivered and configured. I believe that the majority of the hardware is being delivered and installed this week, so all being well we will have a demo available next week.

MetaTrader 5 runs on a different server architecure with more servers and requires a different configuration to MetaTrader 4, hence why it is very important to do a proper test. I am confident that by deploying the full system, rather than just a beta, it will give a better experience to all of you. Of course, like any new system (especially one in testing mode) there may be the odd teething issue, so we will be heavily reliant on our clients to let us know if anything needs changing and we will make sure everything is 100% ready to go before we offer it in a live environment.

Thanks,
Chris
I will begin porting over a few things to MT5, and i would have to use metaquotes or vantagefx mt5. Ibfx also has demo going. I want to use it to begin testing mt5 code. Hopefully you will open up live testing once demo is proved stable enough. I would love to volunteer once my indicators are ready.
Measure trends automatically with zero lag
Quoting taipan99
For the first time we brought you another cheating factor "Playing with Leverage" ...
This is not a new trick. CME just increased the margin requirements for silver to force traders to sell. The price dropped 20% helping J.P Morgan who are massively short. They did the same thing in 1980 to wipeout the hunt brothers who had purchased 35% of the silver market with money borrowed from the Saudi's.
I have heard of a forex broker changing their margin from 100:1 to 50:1 in order to liquidate a big player, and steal his money.
I think those days are over now. The competition is too strong and retail traders too savvy for a broker to get away with this practice. Look at what happened to FXCM over their bs "no dealing desk" claims. The balance of power has shifted
In response to your question about Gomarkets, I've been with them for around two years...they have good customer service, haven't done the wrong thing by me yet that I know of and my money is still in their account and hasn't disappeared....

Their spreads are reasonably competitive however there are a couple out there just as, if not more competitive....but all in all I find them pretty good as brokers go
Quoting ybfjax
I will begin porting over a few things to MT5, and i would have to use metaquotes or vantagefx mt5. Ibfx also has demo going. I want to use it to begin testing mt5 code. Hopefully you will open up live testing once demo is proved stable enough. I would love to volunteer once my indicators are ready.
Live testing on MT5 will be not far behind the demo and as mentioned we will not do a mass roll out until we know its working perfectly but yes we will require clients feedback so I will put you on the list and email you seperately to include you , Thanks for volunteering.

We will also do a survey for general feedback.

Thanks

Chris
GBPUSD: The pair is now hesitation following its strong rally on Monday. GBP will have to climb back above the 1.6546 level, its May 31’2011 high to prevent a return to the 1.6211 level, its Friday low. Above the 1.6546 level will call for a run at the 1.6743 level, its 2011 high and then the 1.6877 level, its Nov’2009 high. A loss of the latter level will pave the way for further strength towards its bigger resistance at the 1.7039 level, its 2009 higher. Alternatively, a break and hold below the 1.6211 level will pave the way for further weakness towards the 1.6105 level, its May 18’2011 low and possibly lower towards the 1.6000 level, its major psycho level. All in all, GBP looks to recover higher on the back of its Monday gains though presently hesitating.
What are the capital requirements for Australia brokers?
Are they safe?
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