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  • #7,281
  • Mar 7, 2015 10:24pm Mar 7, 2015 10:24pm
Quoting Profit Daily
{quote} True, but let's say I do want to trade a full lot with a 40 pip s/l. That is $400 in risk. Why does the NFA insist I need $3,000 in margin to risk $400? Where I keep the rest of my trading capital (if any) should be irrelevant. People can go to Vegas and put their entire life savings on black or red and nobody is protecting these "stupid" people. Oh wait, the government makes money on that.
I don't have an answer for that. I agree. It could be worse. I felt the same way when they decided that trading more than 4 round turn trades per week makes you a pattern day trader and you would need at least 25,000 in your account!

PS. Just don't move that 40 pip stop Loss with a $1000 funded account, once you hit -78 pips your out!
“Every single day, ordinary people do extraordinary things"
  • #7,282
  • Mar 8, 2015 4:37am Mar 8, 2015 4:37am
Quoting Profit Daily
{quote} True, but let's say I do want to trade a full lot with a 40 pip s/l. That is $400 in risk. Why does the NFA insist I need $3,000 in margin to risk $400? Where I keep the rest of my trading capital (if any) should be irrelevant. People can go to Vegas and put their entire life savings on black or red and nobody is protecting these "stupid" people. Oh wait, the government makes money on that.
Stop blaming on the system. time to learn how to adapt the market.
Low leverage also protect your account. just because you cannot come up a 10k investment to meet your daily profit, you wanted to leverage changed just to meet your needs?

Stop talking non-sense. All these talking was just you not being able to adapt the market and come up your own trade plans.
  • #7,283
  • Mar 8, 2015 6:00am Mar 8, 2015 6:00am
Quoting babybullface
{quote} Stop blaming on the system. time to learn how to adapt the market. Low leverage also protect your account. just because you cannot come up a 10k investment to meet your daily profit, you wanted to leverage changed just to meet your needs? Stop talking non-sense. All these talking was just you not being able to adapt the market and come up your own trade plans.
First, who's to say someone with 500k to invest wouldn't still go this route with only a few hundred or a couple thousand in the trading account to cover their risk margin? Second, so according to you, trading should only be for the rich?

Hi or low leverage does absolutely nothing to "protect your account". Only proper trading does.
Ghost Rider - WWTBMD?
  • #7,284
  • Mar 8, 2015 7:22am Mar 8, 2015 7:22am
I noticed a few people had talked about platform freezes on FXCM MT4 during major economic news. I had frozen platform on Friday during NFP but when I pressed Alt Ctrl Delete, it showed MT4 was using 50% of CPU (this isn't because of any faulty indicator by the way). I clicked end task and then I was able to log back and it worked fine.

Better than waiting for it to fix itself.
  • #7,285
  • Mar 8, 2015 10:58am Mar 8, 2015 10:58am
Jason where's Fridays daily candle on TS from DAX (GER30)? O_O
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  • #7,286
  • Mar 8, 2015 11:27am Mar 8, 2015 11:27am
Quoting jclude25
{quote} NFA puts in those rules to protect stupid traders from opening an account with 2000 dollars and trading a full lot (100,000).With proper risk management current leverage is more than enough. In your case I understand why and what you are doing. Trying to reduce your exposure " hence" 6 trading accounts with the maximum amount of leverage available, and by making weekly withdrawals. Thus allowing you to keep the least amount of money possible in your trading accounts incase of possible shenanigans with a broker or worse go out of business....
NFA Looking to Protect "stupid traders"?.........That's a Joke!

jclude25,

You are wrong about this.

The NFA is not looking "to protect stupid traders". They are looking to protect the Robber Banks! If "stupid traders" lose and lose owing money, money borrowed from a Robber Bank, and if the "stupid traders" pays back neither net losses at FXCM nor the credit card debt with the Robber Bank, who really loses? Think about it.

The false regulators CFTC and NFA are looking out for the interests of the banks, not the public. They are deceitful and they are liars, manipulating the public and the lawmakers, with the Robber Banks standing behind them.

-tah
  • #7,287
  • Mar 8, 2015 11:40am Mar 8, 2015 11:40am
Quoting jclude25
Noticed this candle on AUD/CAD 1 Hour chart is off too: 1st chart FXDD, 2nd chart FXCM and the link is to myfxbook.com just click on 1hour timeframe that will show the candle on FXDD chart being very similar and FXCM candle looking way off!{image}1626452 http://www.myfxbook.com/forex-market/currencies/AUDCAD {image}
Quoting Profit Daily
{quote} Yeah, sure is good to have the NFA regulating them, isn't it?
FXCM and It's "Liquidity Provider" Pricing the Market Where Nobody Else Is....?

Two sayings come to mind.

One is.....
"If it waddles like a duck, quacks like a duck and looks like a duck, it is a duck. And even if it isn't a duck, if you treat it like a duck you will be okay."

Now, when the "explanations" start coming from FXCM, this second saying comes to mind......
"Words are like leaves, and where they most abound much fruit of sense beneath is rarely found."

-tah
  • #7,288
  • Mar 8, 2015 12:48pm Mar 8, 2015 12:48pm
Uh oh...someone is getting very frustrated.

http://www.urban75.org/info/conspiraloons.html
  • #7,289
  • Mar 8, 2015 2:15pm Mar 8, 2015 2:15pm
Quoting zznbrm
Uh oh...someone is getting very frustrated. http://www.urban75.org/info/conspiraloons.html
How would you explain the charts and the spikes that only exist on the FXCM charts in posts 7272 and 7274.
  • #7,290
  • Mar 8, 2015 5:00pm Mar 8, 2015 5:00pm
Quoting traderathome
{quote} NFA Looking to Protect "stupid traders"?.........That's a Joke! jclude25, You are wrong about this. The NFA is not looking "to protect stupid traders". They are looking to protect the Robber Banks! If "stupid traders" lose and lose owing money, money borrowed from a Robber Bank, and if the "stupid traders" pays back neither net losses at FXCM nor the credit card debt with the Robber Bank, who really loses? Think about it. The false regulators CFTC and NFA are looking out for the interests of the banks, not the public. They are deceitful...
Not gonna disagree with you, definitely one way to look at it.
“Every single day, ordinary people do extraordinary things"
  • #7,291
  • Mar 8, 2015 6:41pm Mar 8, 2015 6:41pm
Quoting Profit Daily
{quote} That's the irony of it all. I trade with 6 "unregulated" offshore brokers. Not only do I enjoy 500:1 leverage, no FIFO and hedging if I want to, but I don't experience any of the price spikes, frozen platforms, etc. that I hear traders speak of using these regulated brokers. FXCM had a spike lower on GBPAUD the other day which was 125 pips lower than any of my brokers. They claim it's the lp's, but for a firm claiming to be the biggest and best, shouldn't they have better liquidity than other brokers? I really don't get it, the NFA puts...
Are you in the U.S.? If so, how are you able to trade with the 6 "unregulated" offshore brokers and who are they?
  • #7,292
  • Mar 8, 2015 7:13pm Mar 8, 2015 7:13pm
Hi...why is there such a big gap in GBPJPY during NFP...152 pips for GBPJPY? is it usual to have such big gaps during NFP in FXCM?

I mean, I know there are gaps in NFP...Oanda had 20 pips gap, Axitraderpro 35, Exness 35, Avatrade 14.......but to me a 150 pips gap ir ridiculous....you can not swing trade a market like that...I am not talking about day trading or scalpin...

It is as if the ES (sp500 futures) had a gap of 15 points or so (60 ticks).....

that is why (among other reasons) it is much better to trade futures than forex.....with that sort of gaps, it is very difficult to win in the long term..even if you do good swing trading...

Anyway..FXCM has to improve a lot its conditions if it wants to survive....
  • #7,293
  • Mar 8, 2015 8:01pm Mar 8, 2015 8:01pm
Quoting manstein
Hi...why is there such a big gap in GBPJPY during NFP...152 pips for GBPJPY? is it usual to have such big gaps during NFP in FXCM? I mean, I know there are gaps in NFP...Oanda had 20 pips gap, Axitraderpro 35, Exness 35, Avatrade 14.......but to me a 150 pips gap ir ridiculous....you can not swing trade a market like that...I am not talking about day trading or scalpin... It is as if the ES (sp500 futures) had a gap of 15 points or so (60 ticks)..... that is...
Trust me, there's more currency pairs with gaps/ long wicks on FXCM's charts. Check out GBP/AUD. Why u ask? I guess, 1. They can get away with it and 2. Maybe we won't notice and even if we do, fuck'em!
“Every single day, ordinary people do extraordinary things"
  • #7,294
  • Mar 8, 2015 9:41pm Mar 8, 2015 9:41pm
ATC Broker NO tails compared to FXCM.
Actually, if you look back there are several tails on FXCM that are not present on ATC!!
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  • #7,295
  • Mar 8, 2015 9:45pm Mar 8, 2015 9:45pm
Hi Jason,

Many thanks for the VPS server but things are still terribly slow I have had my broad band speed checked it is good I can upgrade to fibre opic cable but I am told the FXCM MT4 server is to weak. I believe them as everything elese is super fast on the computer, the question is where to from here?

PS
When I say terribly slow I mean so slow it is frozen for long periods of time any significant market movement its good night MT4 for 15-30 minutes.

Regards Allan.
  • #7,296
  • Mar 8, 2015 10:39pm Mar 8, 2015 10:39pm
Quoting justlearning
{quote} How would you explain the charts and the spikes that only exist on the FXCM charts in posts 7272 and 7274.
He can't. What I really do not get about folks trading with FXCM is you came within about an hour of losing your entire over-funded account on Jan.15. But we are all conspiracy theorists?
  • #7,297
  • Mar 9, 2015 1:36pm Mar 9, 2015 1:36pm
Quoting Profit Daily
{quote} He can't. What I really do not get about folks trading with FXCM is you came within about an hour of losing your entire over-funded account on Jan.15. But we are all conspiracy theorists?
After the Fact Explanations Won't Helps, Won't Matter!

What I really do not get about folks trading with FXCM is you came within about an hour of losing your entire over-funded account on Jan.15. But we are all conspiracy theorists? ........ -tah

Slow learners, or just too stubborn to entertain the thought they might be wrong about where they have placed their loyalty?
  • #7,298
  • Mar 9, 2015 7:45pm Mar 9, 2015 7:45pm
Quoting justlearning
Obviously not so good but how do FXCM gain they are NDD? Is it the bank dealing desk that they deal with if so FXCM should not buy and sell from that desk. May be FXCM can clarify.
Hi Justlearning,

You are correct that since offers traders No Dealing Desk (NDD) forex execution, we don't profit from client losses on trades, since we don't take the market risk on the other side. Instead, we make money from your trading volume. On the NDD model, there are multiple liquidity providers. Banks have to compete with each other and each client order is routed to the liquidity provider with the best available price at that moment in time.

You mentioned that you're currently using a demo account. However for anyone trading a live account, if you believe you experienced bad execution, I encourage you to file a trade inquiry. The Trade Services Team will then be able to investigate in detail and reply back to you with a resolution. If their was an error on our part that negatively impacted your trade, we would make the appropriate correction to your account.
  • #7,299
  • Mar 9, 2015 7:45pm Mar 9, 2015 7:45pm
Quoting qp2
Hi Jason, Many thanks for the VPS server but things are still terribly slow I have had my broad band speed checked it is good I can upgrade to fibre opic cable but I am told the FXCM MT4 server is to weak. I believe them as everything elese is super fast on the computer, the question is where to from here? PS When I say terribly slow I mean so slow it is frozen for long periods of time any significant market movement its good night MT4 for 15-30 minutes. Regards Allan.
Hi Allan,

Can you send me a private message with your contact details and the best time for one of our tech specialists to troubleshoot this over the phone with you?

Thanks,
Jason
  • #7,300
  • Mar 9, 2015 11:31pm Mar 9, 2015 11:31pm
Hi Jason,

Have PMed you with details.

Will keep you posted.

Many Thanks Allan.
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