Forex changed forever! | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4% A Day Forever 1,433 replies

an EA that worked forever 29 replies

Forever Demo Account 9 replies

Attachments: Forex changed forever!
Exit Attachments

Forex changed forever!

  • #221
  • Jan 18, 2015 4:01pm Jan 18, 2015 4:01pm
Quoting ForexOracle
{quote} ...So the legacy of the SNB, may be a more regulated foreign exchange market!!
Should be a good thing me thinks!
  • #222
  • Edited 4:19pm Jan 18, 2015 4:03pm | Edited 4:19pm
Quoting danjuma
{quote} But some of these guys (Alpari UK, FXCM, FXPro, IG, Excel Markets, IB, Saxo Bank, SwiisQuote ) are MMs, aren't they?
Some are both for example IG. It offers Direct Market Access which is ECN (almost) or MM models. I actually prefer MM for the big providers who are going for market share due to ancillary services offerred and the need to remain competetive. Of course CMC is an exception to this rule...*groans*. I have issues with MM models for the small brokers who play silly buggers and get away with it.
  • #223
  • Jan 18, 2015 4:03pm Jan 18, 2015 4:03pm
Quoting danjuma
{quote} Should be a good thing me thinks!
LOL !! Did you read the thread.

Oh sorry I forgot you don't like to go back and read old posts.

If you do you will see the whining !!
So, you think you have rights? LOL
  • #224
  • Jan 18, 2015 4:05pm Jan 18, 2015 4:05pm
Its funny hearing some of you guys. I feel bad for those who lost there account but most of you where going to lose it anyways.
Trade less make more!
  • #225
  • Jan 18, 2015 4:10pm Jan 18, 2015 4:10pm
Quoting Profit Daily
There is no law preventing you from trading with non-US brokers. If a broker is regulated in another country the US strong arms them into not accepting US residents. However, there are still quite a few brokers who understand the US has no right to regulate outside of the US, just like no other country has that right, but for some reason the CFTC thinks they own the world. None of the brokers I use are regulated, as you can clearly see, being regulated only hurts the trader, it doesn't help. There is a thread on babypips.com titled going offshore...
Excellent. Thanks very much for the info.

b
Charts are limited in nature. What is the relative location?
  • #226
  • Jan 18, 2015 4:12pm Jan 18, 2015 4:12pm
Quoting doughnut
Its funny hearing some of you guys. I feel bad for those who lost there account but most of you where going to lose it anyways.
it is the human nature.

people don't like anybody telling them what to do. Even if it is for their own benefit.

Go tell those freaking teenagers they should not smoke pot!!

In 2007 I lost 70k because I did not know what I was getting myself in.

If I could go back in time I would slap my younger self in the face and cap his leverage at 1:1
So, you think you have rights? LOL
  • #227
  • Jan 18, 2015 5:19pm Jan 18, 2015 5:19pm
Quoting ForexOracle
{quote} it is the human nature. people don't like anybody telling them what to do. Even if it is for their own benefit. Go tell those freaking teenagers they should not smoke pot!! In 2007 I lost 70k because I did not know what I was getting myself in. If I could go back in time I would slap my younger self in the face and cap his leverage at 1:1
I hear ya. Well you got me beat. I lost 30k when I started trading in 2007. I can now say I'm at break even after 8 years It took me 5 years to start making it in forex. I don't overtrade and I hold my trades 5 to 10 days and maybe 2 trades a month. But I never use leverage higher that 30:1. And that's if I'm confident about the trade. But usually 20:1. The biggest problem forex traders have is overtrading and leverage. Period!
Trade less make more!
  • #228
  • Jan 18, 2015 5:30pm Jan 18, 2015 5:30pm
Quoting doughnut
{quote} I hear ya. Well you got me beat. I lost 30k when I started trading in 2007. I can now say I'm at break even after 8 years It took me 5 years to start making it in forex. I don't overtrade and I hold my trades 5 to 10 days and maybe 2 trades a month. But I never use leverage higher that 30:1. And that's if I'm confident about the trade. But usually 20:1. The biggest problem forex traders have is overtrading and leverage. Period!
It takes time to make in this business.

Traders that I know for a fact consistently profitable are in the 10 year bracket.
So, you think you have rights? LOL
  • #229
  • Jan 18, 2015 6:29pm Jan 18, 2015 6:29pm
rumours about SNB move "the floor" already since october 2014, maybe some analyz predict before that time too.
market just to much focus with FED rate in that time i think, so SNB hidden clue are not readable, and now world blame them, because detonating a nuke war without any alarm ?
and after this i bet, market focus will be aunty Yellen and mister Mario again for sure,, until time come, another nuke blast gonna be from asia
and when detonated,, that also gonna be a mistake again.. haahaaaa, funny.

market change everyday every week, but forex is still remain same,, control in finance sector is not on ECB and FED hand anymore, but market never anticipated the change, market still thinking old fashion game, euro versus dollar.

wake up,, this is not first time heavy blast in forex, remember lehman brothers, remember 2011-2012 drop, remember many forex broker dead before fxcm and alpari.

mark my word... next nuke blast gonna be from asia, dont to much focus on ECB and FED
take what you can take, before market take it back
  • #230
  • Jan 18, 2015 7:03pm Jan 18, 2015 7:03pm
whichever broker got F*****ed They are the ones holding positions to trade against their clients. it does not matter leverage or not, regulator or not with this kind of events scrutinized the everyone. This happened with a purpose behind the very big Boy. nothing we can't do, just accepted and move on.
  • #231
  • Jan 18, 2015 7:32pm Jan 18, 2015 7:32pm
Quoting ForexDao
whichever broker got F*****ed They are the ones holding positions to trade against their clients. it does not matter leverage or not, regulator or not with this kind of events scrutinized the everyone. This happened with a purpose behind the very big Boy. nothing we can't do, just accepted and move on.

Ummm...it's the opposite. man I can't take it anymore.
  • #232
  • Jan 18, 2015 8:56pm Jan 18, 2015 8:56pm
I have sent an email to OctaFX requesting information on their financial position and how they dealt with their members who were exposed.I was sent this reply:


http://octafx.zendesk.com/system/pho...44/user-05.png
Sam (OctaFX)
Jan 19, 06:22
Dear Customer,
Thank you for contacting OctaFX!
Due to the unprecedented market events on 15.01.15 caused by the changes of Swiss National bank’s policy resulting in high volatility in CHF cross pairs quotes many traders encountered considerable losses. During these events, OctaFX demonstrated its high reliability: being devoted to our clients, we didn’t inflict any changes upon CHF cross clients trades. However, following the usual company policy we restored all negative client balances that occurred due to the fact that clients were unprepared to these rapid changes.
OctaFX remains fully reliable and solvent despite the recent events. All the trades are performed according to the operational company standards. We are proud to confirm our stability and integrity. We thank our clients for staying with us and welcome new traders to try out our highly valued services!
Sincerely,
Sam
With God all things are possible.
  • #233
  • Jan 18, 2015 11:18pm Jan 18, 2015 11:18pm
Quoting danjuma
{quote} But some of these guys (Alpari UK, FXCM, FXPro, IG, Excel Markets, IB, Saxo Bank, SwiisQuote ) are MMs, aren't they?
i've selected ECN trading just because i needed someone who will not play against my deal and will use stoplosses to protect me and themselves...now i expect compansation...If they left a SL with theirs LP let them compansate, if not it is not my problem..i expect that when i place a SL it is valid contract..no ECN and MM mumbo-jumbo...or nobody will never open a position without a SL which is iggest and most important risk management tool
  • #234
  • Jan 19, 2015 3:22am Jan 19, 2015 3:22am
  •  regme
  • | Joined Mar 2010 | Status: Planning to be like Warren Buffett | 115 Posts
I think most brokers suffer losses due to taking position against markets obvious direction.
  • #235
  • Jan 19, 2015 5:38am Jan 19, 2015 5:38am
Another example on how MM are really loving the margin call orgy.

Customers lose....they win !

http://forexmagnates.com/xtb-group-f...swiss-tsunami/
So, you think you have rights? LOL
  • #236
  • Jan 19, 2015 7:04am Jan 19, 2015 7:04am
ActivTrades: “no negative impact”. The company took measures: “Back in November 2014, ActivTrades had already anticipated the possibility of such events. Consequently, we decided at the time to increase the margin required on our CHF pairs by a multiple of 16. Thanks to this measure ActivTrades was able to protect its clients by substantially limiting their losses. Hence by protecting our clients’ interests, we protected the interests of the company as a whole”

Below is the updated list of many brokers :
http://www.forexcrunch.com/snbomb-re...forex-brokers/
  • #237
  • Jan 19, 2015 7:26am Jan 19, 2015 7:26am
Quoting ForexOracle
On January 15, 2015 due to a unprecedented move by the Swiss National Bank. FOREX the 5.3 trillion per day market will never be the same. USD/CHF moved over 2800 pips in 5 minutes EUR/CHF over 4300 pips in 5 minutes GBP/CHF over 3150 pips in 5 minutes I plan to record in this thread how forex retail trading will emerge out of this catastrophic event.
no need to be drama queen.........
  • #238
  • Jan 19, 2015 9:14am Jan 19, 2015 9:14am
Quoting Vitez
{quote} no need to be drama queen.........
No need for empty posts!
So, you think you have rights? LOL
  • #239
  • Jan 19, 2015 9:20am Jan 19, 2015 9:20am
Quoting Thierry89
ActivTrades: “no negative impact”. The company took measures: “Back in November 2014, ActivTrades had already anticipated the possibility of such events. Consequently, we decided at the time to increase the margin required on our CHF pairs by a multiple of 16. Thanks to this measure ActivTrades was able to protect its clients by substantially limiting their losses. Hence by protecting our clients’ interests, we protected the interests of the company as a whole” Below is the updated list of many brokers : http://www.forexcrunch.com/snbomb-re...forex-brokers/...
I don't believe for one second on those after the fact MM comments.

MM made money because they win when customers lose. A lot of clients went bust so they made a killing.

Now, they come busting on how they saw what was coming and all that nonsense, again AFTER THE FACT!
So, you think you have rights? LOL
  • #240
  • Jan 19, 2015 9:51am Jan 19, 2015 9:51am
Heads up!!

If you trade the Danish Krone keep one eye on your risk exposure.

Like they say in France.....un malheur ne arrive jamais tout sole!!

http://www.bloomberg.com/news/2015-0...s-markets.html
So, you think you have rights? LOL
0 traders viewing now