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Avoiding slippage such as the EURCHF crash?

  • #21
  • Mar 23, 2015 1:54pm Mar 23, 2015 1:54pm
Quoting flinx
{quote} I understand what you are saying here, however it was the negative equity that got people? regardless of how many accounts you have, it wouldn't blow up just that one account as it would enter negative equity that would require the money from all the others you own?

The thing what I really do not understand : why the hell you have to pay negative balance?

who will make you to pay it?

you are not signing anything like that while opening account, so why you have to pay?

often times, your account can not even go as low as 0.00 deposit, because broker (due leverage) interrupts your trading process, therefore, when you balance goes in -XXXXX it's brokers issue, not yours.

Besides, you are not guilty under the law, because (once again) you have not signed anything like - " I will pay negative balance"

Don't you agree?
Stay Hungry Stay Foolish
  • #22
  • Mar 23, 2015 3:21pm Mar 23, 2015 3:21pm
Quoting flinx
{quote} I understand what you are saying here, however it was the negative equity that got people? regardless of how many accounts you have, it wouldn't blow up just that one account as it would enter negative equity that would require the money from all the others you own?
Only certain brokers went after peoples negative equity my broker(s) forgave the negative balances. Granted the magnitude of the event, but the broker who did the right thing which is stuff happened that is beyond our control were not going to penalize you for it. Other brokers just to much for them to take the hit and not a broker that would be in my book, it just shows that their interests superseded mine, and when push comes to shove they will push me, so get out of the situation before it even erupts. FXCM for example is not going to be able to pull out of this situation they are in, reason being Forex is a niche market and you've made a big enough splash to scare everyone away by their tactics and there is plenty of brokers that proved themselves gaining trust is hard losing it is very easy.
There are those who know, and there are those who don't know.
  • #23
  • Mar 23, 2015 5:39pm Mar 23, 2015 5:39pm
Quoting Nik13
{quote} Besides, you are not guilty under the law, because (once again) you have not signed anything like - " I will pay negative balance" Don't you agree?
The risk disclosure clearly states "losses can exceed your initial deposit" ..infact its on pretty much every single page you ever look at on their websites. You are, by law required to pay it unless otherwise stated, that's what I've read
  • #24
  • Mar 23, 2015 8:06pm Mar 23, 2015 8:06pm
I would be delighted to meet someone who has the perfect solution for such a situation. Slippages always occur and if someone has a perfect answer on how to completely avoid them, then I would be happy to hear it. Fortunately I did not get hit by the EURCHF crash, but you never know when a similar one would pounce.
  • #25
  • Mar 23, 2015 8:57pm Mar 23, 2015 8:57pm
Quoting moonshot
Fortunately I did not get hit by the EURCHF crash, but you never know when a similar one would pounce.
Was it just coincidental you didn't get hit?
Or did you have a reason for not trading CHF?
  • #26
  • Mar 23, 2015 10:32pm Mar 23, 2015 10:32pm
Quoting flinx
{quote} The risk disclosure clearly states "losses can exceed your initial deposit" ..infact its on pretty much every single page you ever look at on their websites. You are, by law required to pay it unless otherwise stated, that's what I've read

I have never seen that until the January crash.
Stay Hungry Stay Foolish
  • #27
  • Mar 24, 2015 12:34pm Mar 24, 2015 12:34pm
Hi All,

Looking back at the news events on January 15th, 2015 here on Forex Factory would have shown this:

Attached Image (click to enlarge)
Click to Enlarge Name: CHF.png Size: 37 KB


At 9:30 there was high impact news indicated to occur effecting CHF pairs.

..Does this mean that by not trading medium/high impact news events, things like this could be effectively avoided?
  • #28
  • Mar 24, 2015 12:40pm Mar 24, 2015 12:40pm
Inserted Video


Check it out.

It was published couple of week earlier before crash.
Stay Hungry Stay Foolish
  • #29
  • Mar 25, 2015 4:51pm Mar 25, 2015 4:51pm
Quoting flinx
{quote} Was it just coincidental you didn't get hit? Or did you have a reason for not trading CHF?
Honestly, I think is juts about both. I chose to stay out of CHF late last year after that surprise on Gold Bullion ruling. But again, I could have easily gotten back at the start of the year, but somehow I didn't.
  • #30
  • Mar 26, 2015 3:00am Mar 26, 2015 3:00am
FXCM produced a video of exactly what happened in the crash and how it impacted them and their clients. Worth a watch!
  • #31
  • Mar 26, 2015 10:13pm Mar 26, 2015 10:13pm
Quoting flinx
Hi all, Starting to get serious into trading and looking at moving from demo to real money. The single biggest worry I have right now is slippage. witnessing the EURCHF crash with people having slippage of over 2000 pips it really scares me. How can a trader expect to trade with the risk of unannounced news events not only wiping their accounts, but putting them into serious debt? Should I look for guaranteed stops? Is there any sort of prevention someone can make for such events? (I thought it was unpredicted) Hope to hear your thoughts,...
Time based risk management. Or simply - understanding that as time passes, event risk increases. There are short term inefficiencies that can be exploited. You're looking at 'this' trade to do as you expect, within a reasonable amount of time - if not, perhaps you've picked a bad opportunity. You want luck to be the "cherry on top"

Risk is a part of trading, and always will be. I hate to be cliché, but no risk means no reward.
  • #32
  • Nov 30, 2022 4:28am Nov 30, 2022 4:28am
i buy eur/chf just to make 50 pips up with stop loss and take profit as you can see the chart below.
bakare
  • #33
  • Last Post: Nov 30, 2022 4:31am Nov 30, 2022 4:31am
i buy eur/chf just to make 50 pips up with stop loss and take profit as you can see the chart below.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHFH1 ADE 30 - Copy.png Size: 5 KB
bakare
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