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Alpari.co.uk Discussion

  • #6,501
  • May 6, 2015 11:15am May 6, 2015 11:15am
Quoting neoxis
{quote} FSCS pays in dollars...and my bank exchange automatically at the day rate when they will send my money USD in EUR...i not have account in USD. So for this for me may change..and i can take a loss/profit. USD to EUR my bank.
if I had € 1,000 in the account, when the FSCS should have reimbursed me the same, otherwise there will have covered 100% of my account to 50k pounds
Ora et labora
  • #6,502
  • Edited 11:32am May 6, 2015 11:20am | Edited 11:32am
Quoting MikeXplosion
{quote} if I had 1,000 in the account, when the FSCS should have reimbursed me the same, otherwise there will have covered 100% of my account to 50k pounds
yeah at the spot rate of 19 jan...not at the spot rate when they really pay.

I understood like this and they are respecting this. 19 jan my value in dollars is right. So they simply give you 100% of 19 jan spot rate but conversion in your bank at the real time of transfer is your problem.

And 19 jan they decided to convert EUR acc to USD at 1,1681 if i'm not wrong.

So for this reason i'm worried if EUR return up..cause i don't earn nothing i may take a loss when my bank will exchange USD to EUR.
myfxbook: neoxis
  • #6,503
  • May 6, 2015 2:28pm May 6, 2015 2:28pm
Anyone know who's account this is?
http://www.myfxbook.com/members/m4ri...avomabu/587857
  • #6,504
  • May 6, 2015 2:39pm May 6, 2015 2:39pm
Quoting FarceAdentus
Anyone know who's account this is? http://www.myfxbook.com/members/m4ri...avomabu/587857
I do not know. Definitely not negative, but at a significant loss in January. At high risk in trading. That is, too large positions. Greed makes you blind and reckless.
  • #6,505
  • May 6, 2015 2:44pm May 6, 2015 2:44pm
Quoting FarceAdentus
Anyone know who's account this is? http://www.myfxbook.com/members/m4ri...avomabu/587857

This man is literally fucked up. he will receive around 500k back and rest 400k are gone. plus 400k gone in the mess of CHF...so basically this guy burns 800k like nothing.
myfxbook: neoxis
  • #6,506
  • May 6, 2015 2:46pm May 6, 2015 2:46pm
Quoting neoxis
{quote} This man is literally fucked up. he will receive around 500k back and rest 400k are gone. plus 400k gone in the mess of CHF...so basically this guy burns 800k like nothing.

3 years of hard work trading...
Blown thanks to those SNB bastards..
Sad...
  • #6,507
  • May 6, 2015 2:52pm May 6, 2015 2:52pm
Quoting muckele1
{quote} I do not know. Definitely not negative, but at a significant loss in January. At high risk in trading. That is, too large positions. Greed makes you blind and reckless.
rather looks to me like his stoploss wasnt honoured....
  • #6,508
  • May 6, 2015 3:43pm May 6, 2015 3:43pm
Quoting missluna1982
{quote} rather looks to me like his stoploss wasnt honoured....
Stop Loss works only when the market is intact. That would have every trader actually know.
  • #6,509
  • May 6, 2015 4:44pm May 6, 2015 4:44pm
Quoting muckele1
{quote} Stop Loss works only when the market is intact. That would have every trader actually know.
Those losses were not caused by the SNB, there were heavy EURUSD positions trading at a big loss when Alpari closed al clients positions when it stopped operating. Consider him lucky, he could've lost his whole account if remained open, his Long positions were closed at 1.1631, the following week that pair dropped to almost 1.11

He was actually saved by the SNB!
  • #6,510
  • May 7, 2015 2:45am May 7, 2015 2:45am
I opened an account with 500€ while we waiting the big pot lol
myfxbook: neoxis
  • #6,511
  • May 7, 2015 3:55am May 7, 2015 3:55am
Quoting muckele1
{quote} Stop Loss works only when the market is intact. That would have every trader actually know.
so if your trading strategy does not rely on stoplosses at all, do you always have a hedge in place instead of stoplosses if i might ask? sorry for being off topic but no news anyways
  • #6,512
  • May 7, 2015 10:27am May 7, 2015 10:27am
Quoting viriato
{quote} I speak with ETX and they say that i will receive my money until the end of this month.
I've a friend received the same reply too, so she chose to deposit the funds receiving from FSCS directly to ETX...
It seems that ETX already opened a new account for every ex-Alpari UK client.
  • #6,513
  • May 7, 2015 10:42am May 7, 2015 10:42am
Quoting ppc123
{quote} I've a friend received the same reply too, so she chose to deposit the funds receiving from FSCS directly to ETX... It seems that ETX already opened a new account for every ex-Alpari UK client.
yes, thats correct
  • #6,514
  • May 7, 2015 10:44am May 7, 2015 10:44am
Quoting tonirai
Also done (to FSCS). In my case, though my bank details have not change since I opened the account, they still asked to upload a bank document for the account... I suppose it's because I've asked before to correct the name (my first name appears twice), which, by the way, they haven't until now.
Haven't login in the alpariadministration site since I've chosen FSCS - did it now, and noticed that my name was finally corrected.
All seems ready with my account's data.
  • #6,515
  • May 7, 2015 10:56am May 7, 2015 10:56am
Quoting muckele1
{quote} Stop Loss works only when the market is intact. That would have every trader actually know.
I don't agree.
If your trading strategy is designed good enough, reasonable stoploss implementations can only increase your profits.
To me, without any stoploss is just as dangerous as those martingale EAs.
  • #6,516
  • May 7, 2015 1:24pm May 7, 2015 1:24pm
ppc123, It does not matter whether you agree or not, muckelel1 is correct. Reasonable stoploss can only be implemented in reasonable markets. For every seller there has to be a buyer. Old story of a cattle trader who was trapped in a long trade when the market took a nose dive (think mad cow). Called his broker screaming Sell! Selll! To which the broker calmly replyed; To whom?
  • #6,517
  • May 7, 2015 2:27pm May 7, 2015 2:27pm
Still 2 weeks...
myfxbook: neoxis
  • #6,518
  • May 7, 2015 5:48pm May 7, 2015 5:48pm
Quoting XXlager
{quote} Those losses were not caused by the SNB, there were heavy EURUSD positions trading at a big loss when Alpari closed al clients positions when it stopped operating. Consider him lucky, he could've lost his whole account if remained open, his Long positions were closed at 1.1631, the following week that pair dropped to almost 1.11 He was actually saved by the SNB!
lol, yes. I see
  • #6,519
  • May 7, 2015 5:58pm May 7, 2015 5:58pm
Quoting neoxis
{quote} FSCS pays in dollars...and my bank exchange automatically at the day rate when they will send my money USD in EUR...i not have account in USD. So for this for me may change..and i can take a loss/profit. USD to EUR my bank.
I created a dollar bank account specifically for this purpose.
The strange thing is that I had to notify Interpol of the opening...
  • #6,520
  • May 8, 2015 4:38am May 8, 2015 4:38am
IN THESE DAYS IT'S A RUN AGAINST THE TIME WITH EURUSD hoping NFP are positive EUR GO DOWNNNNNNNNN!!!
myfxbook: neoxis
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