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Are your funds protected with retail fx brokers?

  • #21
  • Nov 5, 2015 3:45pm Nov 5, 2015 3:45pm
Quoting mattholli
{quote} I'm simply explaining how it works, and you're wrong.. professionals usually only use fx as hedging. And I don't expect you to be able to understand this, but yes most of what funds trade are protected with assets, it's fairly complex and if you want to understand it then you'll have to take an economics degree, financial engineering, then get hired at a firm. If I were you I would stick to your day job and leave the markets to the professionals. By the way I think I would know, I've been a professional trader for 2 years now i

Here is a link to currency trading CTA's that don't exist:

'Barclay Currency Traders Index
An equal weighted composite of managed programs that trade currency futures and/or cash forwards in the inter bank market. In 2015 there are 82 currency programs included in the index.'

http://www.barclayhedge.com/research.../sub/curr.html
  • #22
  • Nov 5, 2015 3:49pm Nov 5, 2015 3:49pm
Wall Street Journal:
Hedge Funds Focused on Currencies Get Big Payoff
January Was Big Winner for Firms, Especially Those Driven by Algorithms
By
CAROLYN CUI And IRA IOSEBASHVILI
Feb. 11, 2015 6:52 p.m. ET

http://www.wsj.com/articles/hedge-fu...off-1423698745
  • #23
  • Nov 5, 2015 3:52pm Nov 5, 2015 3:52pm
HFRX Macro: Currency Index

https://www.hedgefundresearch.com/hf...?fuse=login&hi
  • #24
  • Nov 5, 2015 4:19pm Nov 5, 2015 4:19pm
If you are looking to have protected funds you need to see which regulator your broker is licensed with. Most aren't safe, but there are some if you take a logical approach and use the ones that are well known and used by larger traders.
  • #25
  • Nov 5, 2015 5:10pm Nov 5, 2015 5:10pm
I think the thing I find funny in here is that whilst I believe many of the points raised by the OP are perfectly valid and with good intent they are just the same scare mongering stuff we see day in day out and nothing new . Nothing is certain but I know plenty of people who are taking plenty of money out of the market and that'll do for me.
I cant help but laugh at the way he keeps using 'hobby' and ' I'm a professional'. Most of the institutional traders in here ive come across I believe are retired or have left their positions and talk about their careers with a certain amount of due diligence and care. Yet the OP is blabbing all and he's only had the job 2 years. Think id be a bit more careful. Be interesting if some of the other institutional troops drop in to talk 'shop'.
No offence intended anyway keep it coming, this is one of the better reads atm.
  • #26
  • Nov 5, 2015 8:48pm Nov 5, 2015 8:48pm
Quoting Spoon138
I think the thing I find funny in here is that whilst I believe many of the points raised by the OP are perfectly valid and with good intent they are just the same scare mongering stuff we see day in day out and nothing new . Nothing is certain but I know plenty of people who are taking plenty of money out of the market and that'll do for me. I cant help but laugh at the way he keeps using 'hobby' and ' I'm a professional'. Most of the institutional traders in here ive come across I believe are retired or have left their positions and talk about...
thank you sir, finally someone logical on this forum! Haha and I'll admit it sometimes I let me ego get the best of me. Cheers
  • #27
  • Nov 5, 2015 10:18pm Nov 5, 2015 10:18pm
Quoting mattholli
{quote} I'm simply explaining how it works, and you're wrong.. professionals usually only use fx as hedging. And I don't expect you to be able to understand this, but yes most of what funds trade are protected with assets, it's fairly complex and if you want to understand it then you'll have to take an economics degree, financial engineering, then get hired at a firm. If I were you I would stick to your day job and leave the markets to the professionals. By the way I think I would know, I've been a professional trader for 2 years now i
You are clearly delusional.
let me explain:
https://en.wikipedia.org/wiki/Delusion
  • #28
  • Edited 4:02am Nov 6, 2015 2:42am | Edited 4:02am
Quoting mattholli
{quote} I'm simply explaining how it works, and you're wrong.. professionals usually only use fx as hedging. And I don't expect you to be able to understand this, but yes most of what funds trade are protected with assets, it's fairly complex and if you want to understand it then you'll have to take an economics degree, financial engineering, then get hired at a firm. If I were you I would stick to your day job and leave the markets to the professionals. By the way I think I would know, I've been a professional trader for 2 years now i

now you are confusing protection with hedging they are not the same thing at all.... ask all those banks that lost their shirt with the SNB decision where was the protection....

when you get out of the post room, ask how it really works and ask them who protects their funds! after all that was the thread and not all the stuff you have subsequently come out with to justify your lack of knowledge.

I won't reply again you clearly have a closed mind and flawed knowledge...
  • #29
  • Nov 11, 2015 6:17am Nov 11, 2015 6:17am
Quoting mattholli
{quote} And in the professional world, we only trade fx (via interbank markets) to hedge against other securities, I've never even heard of someone strictly trading fx vol, until I looked into the retail world lol
With all due respect to you...But, are you trying to tell me that you're a professional trader and you never heard about George Soros's legendary bet against the British Pound back in 1992? Ain't Soros professional enough to be considered 'professional' in your lexicon?
Simplicity is the key to brilliance.
  • #30
  • Edited 9:45pm Nov 11, 2015 9:15pm | Edited 9:45pm
Quoting Inceptionist
{quote} With all due respect to you...But, are you trying to tell me that you're a professional trader and you never heard about George Soros's legendary bet against the British Pound back in 1992? Ain't Soros professional enough to be considered 'professional' in your lexicon?
haha yes clearly I have. Lots of retail traders including yourself are failing to understand what I'm saying. It's honestly not even worth explaining because for some reason everyone on this forum seems to think they know more. I personally wouldn't argue with a doctor about something medical realated, so I'm not sure why retail traders are arguing with me when they really have no idea how markets work (even though they think they do). A professional trader is someone that works at an IB, RB, MB, or fund. Traders that work at a prop trading firm where they only day trade fx are not real traders. They're retailers that are being sold the dream and they usually have deals set up with brokers that give commission cuts on high volatility so the more these "traders" trade the more the guy that owns the fund makes. If you want to become a professional trader sir, take a economics degree, major in financial engineering - then go work at a bank for 2 years then learn to trade from a real professional. I don't tell you that I know more than you do about your job, so don't say you know more than I do about mine. I've been an analyst for 2 years and just moved up- and believe me, I know like nothing compared to some of the people I work with. So don't think you'd even come close, show some respect here man.
  • #31
  • Edited 9:44pm Nov 11, 2015 9:22pm | Edited 9:44pm
Quoting MaxDoom
{quote} now you are confusing protection with hedging they are not the same thing at all.... ask all those banks that lost their shirt with the SNB decision where was the protection.... when you get out of the post room, ask how it really works and ask them who protects their funds! after all that was the thread and not all the stuff you have subsequently come out with to justify your lack of knowledge. I won't reply again you clearly have a closed mind and flawed knowledge...
wow no wonder you guys lose money. Btw, banks didn't "lose their shirt" they leave that to retail traders... you think bank put a bunch of money into that one trade? You're an idiot lol. I think I know what I'm talking about but thanks bud. It's a little more complicated then that you can't learn how markets work with a YouTube education. I don't argue with a doctor about medical things so I'm not sure why you would argue with me about financial markets. Retail traders have no idea how the markets work. If you want to, Go major in financial engineering and then get back to me. Sorry bud
  • #32
  • Nov 11, 2015 9:34pm Nov 11, 2015 9:34pm
<p>I'm done arguing with retail traders though. I'm sure most you arguing with me are sitting in a house with a mortgage on it. I'm done commenting. You all can keep thinking you know everything and argue amongst yourselves. Geeze, keep losing money guys, have fun. By the way any professional will agree with me lol if they don't then aren't a professional trader. I try to do something good and educate retailers on this form to be careful because their funds aren't protected and I get people arguing with me. Amazing. You guys are way out of your league. It's taken a lot for me to become a professional trader, you can't do it with Google and youtube - it took me 6 years for financial engineering. Trust me when I say this, your funds are not protected even with the best and most regulated broker in the United states, this includes retail brokers such as interactive brokers and oanda. Are your funds safe? Yes they most likely are in small amounts, but they are not legally protected or insured by Government. If you only have like a $10,000 account then yes I'm sure you'll be fine. My 2 cents? Pay off your mortgage instead of trying to trade forex lol. Cheers guys.
  • #33
  • Nov 11, 2015 10:40pm Nov 11, 2015 10:40pm
Quoting mattholli
Go major in financial engineering and then get back to me
this thread is now about whose dick candle is bigger in the financial market
  • #34
  • Nov 11, 2015 11:44pm Nov 11, 2015 11:44pm
Quoting MaxDoom
It is, a broker that is properly regulated, in a proper financial district, you won't find these in the Virgin Islands, Nigeria, Belize, Cyprus etc.... These places offer huge offshore tax advantages to the brokers and any broker that wants to fly under the tax radar is in my opinion less likely to be the kind of broker with no interest in your trading outcomes.
Partially true. The more are tax and other expenses the more expensive are trading costs at the end of a trader. Many brokers has registration in offshore but their technical infrastructure, staff, datacenters may reside in US and some EU country. So the difference is only what's written in legal papers..
  • #35
  • Nov 12, 2015 2:22am Nov 12, 2015 2:22am
Quoting mattholli
{quote} haha yes clearly I have. Lots of retail traders including yourself are failing to understand what I'm saying. It's honestly not even worth explaining because for some reason everyone on this forum seems to think they know more. I personally wouldn't argue with a doctor about something medical realated, so I'm not sure why retail traders are arguing with me when they really have no idea how markets work (even though they think they do). A professional trader is someone that works at an IB, RB, MB, or fund. Traders that work at a prop trading...
Son, there are members here that made their first million before you existed on this planet. There are other members here that made their first 100 million before you learned how to masturbate. There are others that have more institutional knowledge stored up in their left testicle than you have in your entire brain.

Yes, we get it, you got a degree, went to some frat parties, got a job making coffee at a brokerage and now have been promoted to assistant courier. You're feeling good about yourself, that's adorable.

But now it's time to take your millennial muppet advice and slink back to mommies basement.

In closing, thank you for making me laugh until I almost pissed myself. I may be middle aged, but I'm not incontinent just yet.
Pride always comes before destruction.... -Proverbs 16:18
  • #36
  • Nov 12, 2015 3:49am Nov 12, 2015 3:49am
Hey are you trolling ? I would argue against anyone that is clearly bull***tting regardless of his/her background.

That's how things progress.... "I speak, you listen" means fearing progress.
  • #37
  • Edited 6:56am Nov 12, 2015 6:36am | Edited 6:56am
Quoting mattholli
{quote} wow no wonder you guys lose money. Btw, banks didn't "lose their shirt" they leave that to retail traders... you think bank put a bunch of money into that one trade? You're an idiot lol. I think I know what I'm talking about but thanks bud. It's a little more complicated then that you can't learn how markets work with a YouTube education. I don't argue with a doctor about medical things so I'm not sure why you would argue with me about financial markets. Retail traders have no idea how the markets work. If you want to, Go major...
if you must bullshit at least choose a subject you know about..... http://www.bloomberg.com/news/articl...-surprise-move

good job they have all that protection you talked about...
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  • #38
  • Nov 12, 2015 9:19am Nov 12, 2015 9:19am
Quoting MaxDoom
{quote} if you must bullshit at least choose a subject you know about..... http://www.bloomberg.com/news/articl...-surprise-move good job they have all that protection you talked about... {image} {image}
Simplicity is the key to brilliance.
  • #39
  • Nov 12, 2015 9:32am Nov 12, 2015 9:32am
Quoting mattholli
{quote} haha yes clearly I have. Lots of retail traders including yourself are failing to understand what I'm saying. It's honestly not even worth explaining because for some reason everyone on this forum seems to think they know more. I personally wouldn't argue with a doctor about something medical realated, so I'm not sure why retail traders are arguing with me when they really have no idea how markets work (even though they think they do). A professional trader is someone that works at an IB, RB, MB, or fund. Traders that work at a prop trading...
I never intended to disrespect you, Mattholi...I've got nothing against you.. I just disagree with what you're saying and I have made a point...If you think Soros and all successful hedge fund managers are just amateur prop. trading firms getting a discount from their Prime Brokers to reduce their trading costs, then I think you're deeply wrong here, but that's your business...And regarding the experience, I've got more than 8 years trading experience and I've also took the 1st level in the CFA Program and read like thousands of books about trading, financial markets, Economics, Quant. Analysis...etc, I am not trying to polish my image here, but I believe I know stuff that You don't even know about trading and the Prime Brokers that you're talking about here...I think you're an employee at one of the big Prime Brokers as you're saying..But, what riddles me is why a professional trader like yourself doesn't quit his day job and be his own boss and trade his way to millions instead of just being an employee at a prime broker? You don't have to answer the question...This was just me thinking out loud here, and no disrespect intended...Have a good day
Simplicity is the key to brilliance.
  • #40
  • Nov 12, 2015 12:10pm Nov 12, 2015 12:10pm
Quoting mattholli
{quote} Yes thats called market making, and there is nothing wrong with that, just telling people to be aware.. I see a lot of uneducated comments on here... just trying to help people out. 99% of retail traders think they understand how markets/brokers work when they really don't. Also I highly doubt that you are an institutional trader by the sounds of it. And to answer your question, no - retail brokers don't play in the market they create an artificial market for their clients that is almost an exact replica of the real inter bank...
If retail brokers dont play in the real market, why did Alpari and FXCM declare for bankruptcy as a result of the SNB event??? Oh let me think!, maybe they were owing themselves. Look Bro, you just have to bear the heavy unnecessary loss you incurred and move on with your life. You just traded for 2 years and you call yourself a pro! in my circle you're still a newbie!. Personally I dont wait for my $200k account to compound and hit a million but I withdraw every profit i make at the end of every month and so far ive withdrawn over 370% of my initial opening balance. So I dont have sleepless nights worrying if my broker will go bankrupt, cause if they do, Im good!
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