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  • #951,141
  • Jan 16, 2015 5:01am Jan 16, 2015 5:01am
Quoting pinktrade
{quote} I doubt that forex retail will end for this... it didn't end back in '08. We shall wait and see.
Well this is a completely different issue. This collapse will trigger major new (over)regulation across the retail FX market. In the latest years, the US has already moved toward that killing the forex mignons, blocking most options for small American retail ("no US clients", FIFO, etc) killing most of the incentives for brokerage competition, etc.

If the rest of the world start converging into this line (and they will, if thousands of small retail lose their money because of broker's bankruptcy) of regulation, it wont be long before it would be impossible to open a micro account or the requirements will be as hard as those for opening a full margin option account ...meaning not a chance for 90% of small retail ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #951,142
  • Jan 16, 2015 5:03am Jan 16, 2015 5:03am
Quoting HelloOz
{quote} whenever there is a loser.. there is a winner..
yes but from what i've read is whoever was short on eurchf and else couldnt close their position and others might not get the profit if they closed the position
  • #951,143
  • Jan 16, 2015 5:04am Jan 16, 2015 5:04am
1992 when the British government decide to drop the ERM (European Exchange Rate Mechanism) policy. It took few months time to crash.

when SNB announced to drop the 3 years policy,it took seconds to crash to new low.

WHY?
Read the entire market, money is made on the main trend not the fluctuation
  • #951,144
  • Jan 16, 2015 5:05am Jan 16, 2015 5:05am
typo, delete
Everyone has a plan 'till they get punched in the mouth.
  • #951,145
  • Jan 16, 2015 5:05am Jan 16, 2015 5:05am
Quoting LarryDarrell
{quote} Wise words indeed. This place might become a lot quieter in some weeks time. If FXCM, Alpari and the likes are in trouble (and Oanda might just have done the right thing in telling people not to worry...), a lot of smaller brokers will be as well. I will take a break from trading for a while, time to read 'Antifragile' again. Leverage is the great leveller. Again.
Totally agree with you there. My first thought was close everything. Oanda message was smart. Give the customer's there SL levels and take the hit. If they do this, they will see an infux of clients.

The good news with FXCM is they were the first to come forward and have the largest market cap. If they go under, who can survive? But how they don't have risk management people who calculate advise on these possible scenarios is crazy
  • #951,146
  • Jan 16, 2015 5:07am Jan 16, 2015 5:07am
Quoting Kofmaster
1992 when the British government decide to drop the ERM (European Exchange Rate Mechanism) policy. It took few months time to crash. when SNB announced to drop the 3 years policy,it took seconds to crash to new low. WHY?
22 years later...different story, a lot more money involved...

The world economy must be 'restarted' somehow... probably this is the beginning of another world wide economic crisis.
  • #951,147
  • Jan 16, 2015 5:07am Jan 16, 2015 5:07am
Quoting pipster1
{quote} Alpari was a serious one!
I know and I could not imagine that this will ever happen.

So I am looking for an even more serious one
  • #951,148
  • Jan 16, 2015 5:08am Jan 16, 2015 5:08am
Quoting sisse
{quote} Well this is a completely different issue. This collapse will trigger major new (over)regulation across the retail FX market. In the latest years, the US has already moved toward that killing the forex mignons, blocking most options for small American retail ("no US clients", FIFO, etc) killing most of the incentives for brokerage competition, etc. If the rest of the world start converging into this line (and they will, if thousands of small retail lose their money because of broker's bankruptcy) of regulation, it wont be long before it...
Agree here
  • #951,149
  • Jan 16, 2015 5:08am Jan 16, 2015 5:08am
With more and more brokers declare insolvent, just make me concern about my broker even i get an annoucemnet from them.
  • #951,150
  • Jan 16, 2015 5:09am Jan 16, 2015 5:09am
Quoting CandleStar
{quote} I know and I could not imagine that this will ever happen. So I am looking for an even more serious one
Starting to think the most serious one is...the gold bar under the mattress fund.
  • #951,151
  • Jan 16, 2015 5:09am Jan 16, 2015 5:09am
Quoting pipster1
{quote} Totally agree with you there. My first thought was close everything. Oanda message was smart. Give the customer's there SL levels and take the hit. If they do this, they will see an infux of clients. The good news with FXCM is they were the first to come forward and have the largest market cap. If they go under, who can survive? But how they don't have risk management people who calculate advise on these possible scenarios is crazy
Imagine all the clients from all the brokers that went broke now...where will they go? To the brokers that survived or trying to survive until an extremely large number of clients (and funds) will go their way.
  • #951,152
  • Jan 16, 2015 5:09am Jan 16, 2015 5:09am
Quoting fxtyrant
{quote} and do you see me getting hit? or did i get out with a profit?? jesus christ. move over buddy, thx for reminding me why you're in my ignore list....
well, just saying that you are talking one thing and doing the other...don't want to argue, just showing the facts..

you could simply state that you had a hunch and still went short chf or whatever. don't have to be insulted and start bashing everyone once someone finds a hole in your story..
Everyone has a plan 'till they get punched in the mouth.
  • #951,153
  • Jan 16, 2015 5:10am Jan 16, 2015 5:10am
I just got a mail from TickMill ( Armada markets), seems with the fall of some brokers, other brokers are poaching the new potential clients
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  • #951,154
  • Jan 16, 2015 5:11am Jan 16, 2015 5:11am
Quoting Kofmaster
1992 when the British government decide to drop the ERM (European Exchange Rate Mechanism) policy. It took few months time to crash. when SNB announced to drop the 3 years policy,it took seconds to crash to new low. WHY?
One reason could be that in 1992 if you wanted to place positions you had to sort of call a guy on the phone and do manual stuff and the spread was like 50 pip or something. Today you just send a signal, you borrow a bunch of money with another signal and the whole thing is done in 0.3 seconds if you have a decent broker.

I dont know exactly, but this is the info that i have.
My signature is: "Classified".
  • #951,155
  • Jan 16, 2015 5:11am Jan 16, 2015 5:11am
Quoting pipster1
{quote} Starting to think the most serious one is...the gold bar under the mattress fund.
I start to think of buying some Krügerrand

I am serious about this!
  • #951,156
  • Jan 16, 2015 5:13am Jan 16, 2015 5:13am
Quoting janpec1000
{quote} Same here i am short 605. Candlestar are you being able to get back money from Alpari since they went under? I mean they are regulated, i am just wondering how process of getting back your acc money now proceeds.
Got back in the EU short and SL got taken out break even, you holding? Nice break below support
  • #951,157
  • Jan 16, 2015 5:17am Jan 16, 2015 5:17am
Quoting janpec1000
{quote} Same here i am short 605. Candlestar are you being able to get back money from Alpari since they went under? I mean they are regulated, i am just wondering how process of getting back your acc money now proceeds.
AFAIK the remaining money is separated from Alpari and is deposited at a London bank.

Will take care of this the next week.
  • #951,158
  • Jan 16, 2015 5:18am Jan 16, 2015 5:18am
Quoting pipster1
{quote} Got back in the EU short and SL got taken out break even, you holding? Nice break below support
Hey, i am adding short scalps, geting in and out small. Got small long now here 594 with SL 4.
  • #951,159
  • Jan 16, 2015 5:19am Jan 16, 2015 5:19am
Quoting Kofmaster
I would say Oanda pretty solid http://www.zerohedge.com/news/2015-0...atory-capital-
I'vebeen using ETX Capital over the past couple of years and, apart from one or two minor gripes, they've been pretty good.
Fixed spreads (1.5 pips on EuroUSD, 2 on USD Jpy) and I don't think they had any issues yesterday - at least, none that I know of. Maybe they're too small to have been hit badly . . .
  • #951,160
  • Jan 16, 2015 5:21am Jan 16, 2015 5:21am
Giving EUR/USD a bit of help

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