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  • #4,101
  • Jan 27, 2015 9:05am Jan 27, 2015 9:05am
Quoting Jenx
deathbait.... I have to agree with every word you've written.
Fascinating Jenny!

When did you see negative balances before January 15th ? (Oanda or any other broker)
  • #4,102
  • Jan 27, 2015 9:20am Jan 27, 2015 9:20am
Quoting barkie
{quote} Fascinating Jenny! When did you see negative balances before January 15th ? (Oanda or any other broker)
On Oanda and any other broker. Every Sunday when Fx Market is open with gaps >50 pipsi. Will see negative balance at some traders
  • #4,103
  • Jan 27, 2015 9:23am Jan 27, 2015 9:23am
Quoting barkie
{quote} Fascinating Jenny! When did you see negative balances before January 15th ? (Oanda or any other broker)
Don't let my fellow Rugby League team mates hear you calling me Jenny!
I do absolutely agree with deathbait.I've no idea when the last time was that negative balances were created,and,I suspect,neither do you.I would imagine it happens fairly frequently with those so-called brokerages that offer 1:2000.
Irrespective, it happened on a large scale 2 weeks ago and it could happen again tomorrow.
I'm with Oanda and don't ever foresee me using anywhere near 1:50. I try to stay below 1:10. I'm also with Dukascopy and although they offer 1:100 I still keep the same level.
We,in Europe are a bit more protected against irresponsible traders but he/she is absolutely correct in everything he/she said.
Where price is now, it has been before, and will be again.
  • #4,104
  • Jan 27, 2015 9:36am Jan 27, 2015 9:36am
Quoting Tim_isoara
{quote} On Oanda and any other broker. Every Sunday when Fx Market is open with gaps >50 pipsi. Will see negative balance at some traders
If your account reaches the level of 50 percent margin used your positions are closed automatically, liquidity or no liquidity.
  • #4,105
  • Jan 27, 2015 9:40am Jan 27, 2015 9:40am
Quoting barkie
{quote} If your account reaches the level of 50 percent margin used your positions are closed automatically, liquidity or no liquidity.
You understand what is a gap of 100 pips?
  • #4,106
  • Jan 27, 2015 9:44am Jan 27, 2015 9:44am
Quoting Tim_isoara
{quote} You understand what is a gap of 100 pips?
You understand that a market maker is not dependent on liquidity to close your position ? (Apart from hedging activities in the interbank market)
  • #4,107
  • Jan 27, 2015 9:55am Jan 27, 2015 9:55am
Quoting barkie
{quote} You understand that a market maker is not dependent on liquidity to close your position ? (Apart from hedging activities in the interbank market)
Read, because you are an ignorant.

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  • #4,108
  • Jan 27, 2015 10:10am Jan 27, 2015 10:10am
Quoting Jenx
{quote} Don't let my fellow Rugby League team mates hear you calling me Jenny! I do absolutely agree with deathbait.I've no idea when the last time was that negative balances were created,and,I suspect,neither do you.I would imagine it happens fairly frequently with those so-called brokerages that offer 1:2000. Irrespective, it happened on a large scale 2 weeks ago and it could happen again tomorrow. I'm with Oanda and don't ever foresee me using anywhere near 1:50. I try to stay below 1:10. I'm also with Dukascopy and although they offer 1:100...

I use 5 to 1 on my actual forex capital, which I refuse to keep with the broker. I have a 10K trading account and trade 5 minis, Only difference, since I have a 500:1 broker, is while you would put up $1500 with Oanda , I put up $200 (only $100 required, but I use a 40 pip sl)and keep the rest in my bank. Still don't see how that makes me irresponsible trader, if anything I believe I'm more responsible. Accounts are not protected in any way, shape or form under NFA regulations. You're irresponsible if your giving your broker this kind of money.
  • #4,109
  • Jan 27, 2015 10:18am Jan 27, 2015 10:18am
Quoting Profit Daily
{quote} I use 5 to 1 on my actual forex capital, which I refuse to keep with the broker. I have a 10K trading account and trade 5 minis, Only difference, since I have a 500:1 broker, is while you would put up $1500 with Oanda , I put up $200 (only $100 required, but I use a 40 pip sl)and keep the rest in my bank. Still don't see how that makes me irresponsible trader, if anything I believe I'm more responsible. Accounts are not protected in any way, shape or form under NFA regulations. You're irresponsible if your giving your broker this kind of...
You REALLY don't see it ,do you?
If price moves fast enough,your 40pip sl means bugger all. You end up with a negative balance and that negative balance is amplified by the amount of leverage YOU have decided to use.That loss is then shared amongst your fellow traders should you not have enough collateral to the extent where there may not be enough money left in the pot.
Those who use ultra-high leverage along with the brokers who offer it deserve to go out of business sooner rather than later
Where price is now, it has been before, and will be again.
  • #4,110
  • Jan 27, 2015 10:21am Jan 27, 2015 10:21am
Quoting Jenx
{quote} You REALLY don't see it ,do you? If price moves fast enough,your 40pip sl means bugger all. You end up with a negative balance and that negative balance is amplified by the amount of leverage YOU have decided to use.That loss is then shared amongst your fellow traders should you not have enough collateral to the extent where there may not be enough money left in the pot. Those who use ultra-high leverage along with the brokers who offer it deserve to go out of business sooner rather than later
I protect my capital since the NFA does not. Plain and simple. Once again, we are using what maybe a once in a lifetime move to base all of our decisions and assumptions on. I don't hold positions over the weekend, I have never had a negative balance and since the regulations in my country do not protect my funds, I must protect them myself.
  • #4,111
  • Jan 27, 2015 10:28am Jan 27, 2015 10:28am
Quoting Profit Daily
{quote} I protect my capital since the NFA does not. Plain and simple. Once again, we are using what maybe a once in a lifetime move to base all of our decisions and assumptions on. I don't hold positions over the weekend, I have never had a negative balance and since the regulations in my country do not protect my funds, I must protect them myself.
This thread is Oanda discussion. Open your own thread.
Good luck.
  • #4,112
  • Jan 27, 2015 10:29am Jan 27, 2015 10:29am
Quoting Tim_isoara
{quote} Read, because you are an ignorant. {image}
lol January 15th showed it can happen.

Point is MM´s quotes are not real market quotes and your order can be closed with one (automatized) click on a button regardless of liquidity. Oanda can for instance wait on the Sunday gap and if there is a gap close your position and then go back to real market quotes. Negative balances do not happen all the time its in nobody´s interest.
  • #4,113
  • Jan 27, 2015 10:29am Jan 27, 2015 10:29am
Quoting Tim_isoara
{quote} This thread is Oanda discussion. Open your own thread. Good luck.
Didn't think there would be a good rebuttal for that one. lol
  • #4,114
  • Jan 27, 2015 10:40am Jan 27, 2015 10:40am
Quoting barkie
{quote} lol January 15th showed it can happen. Point is MM´s quotes are not real market quotes and your order can be closed with one (automatized) click on a button regardless of liquidity. Oanda can for instance wait on the Sunday gap and if there is a gap close your position and then go back to real market quotes. Negative balances do not happen all the time its in nobody´s interest.
If you do not understand the official position of OANDA.
You know nothing about gaps, market maker, leverage, risk.
  • #4,115
  • Jan 27, 2015 11:21am Jan 27, 2015 11:21am
Quoting Tim_isoara
{quote} If you do not understand the official position of OANDA. You know nothing about gaps, market maker, leverage, risk.
păstra masturbeaza Tim !
  • #4,116
  • Jan 27, 2015 11:35am Jan 27, 2015 11:35am
Quoting barkie
{quote} păstra masturbeaza Tim !
I don't understand dutch language.
You don't understand Oanda language. It's your loss.
  • #4,117
  • Jan 27, 2015 11:37am Jan 27, 2015 11:37am
Guys, regarding those spreads, since Oanda is DD, they kinda guarantee you price you see on chart. So if there is some important news, like NFP, they r pretty sure they wont be able to guarantee best price simply bcos of market volatility. It is very normal they widen spreads, especially for DD broker. Nothing they can do about it. If they didnt widen spreads, they may quote price they cant afford.
"I know one thing, that I know nothing." Sokrates
  • #4,118
  • Jan 27, 2015 11:39am Jan 27, 2015 11:39am
Quoting barkie
You understand that a market maker is not dependent on liquidity to close your position ? (Apart from hedging activities in the interbank market)
Looool. Yes, Market maker doesnt need cash. He just says "poof" and you are rich. And also on ignore.
"I know one thing, that I know nothing." Sokrates
  • #4,119
  • Jan 27, 2015 12:00pm Jan 27, 2015 12:00pm
Quoting deathbait
People like you caused the failure. Don't blame the brokers.
Blaming Traders for their brokers failing is like blaming fat people for closing down All you Can Eat Buffets.

If you agree with the fact that the average trader isn't smart enough to safely and effectively use higher leverage, you cannot in turn blame them for the sinking of the regulated professionals, playing by a set of rules they only agree to, not dictate.

For shame, for shame!!

Plus, there was a grand amount of what, like 3 brokers that tanked?

And

You feel that because of a fist full of retail traders whose entirety makes up like 3% of the market, some of which use higher leverage, that your funds are in jeopardy?

Are you just on a piss rant here, or do you actually read these words before hitting the Post New Reply button?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #4,120
  • Jan 27, 2015 12:14pm Jan 27, 2015 12:14pm
Quoting Magix
Blaming Traders for their brokers failing is like blaming fat people for closing down All you Can Eat Buffets.
Mate, although this guy is obviously just ranting, also you have said it is both traders and brokers fault.

Trader failed to understand mechanics of market and thought he is going to sell his totally rotten apples on guaranteed price. Guess what, this is market, no price is guaranteed.
Broker failed to hedge and get liquidity (in almost frozen market no surprise).
Both are guilty.

We can be talking bout it all day long, but in the end we reach to conclusion FX is pure essence of capitalistic market. Giant liquidity, cheap prices and giant risk - anyone can fack up, broker, trader, and even me

T
"I know one thing, that I know nothing." Sokrates
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