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Will forex ever end for retail traders like us

  • #101
  • Jan 9, 2016 6:14pm Jan 9, 2016 6:14pm
Quoting JensG
{quote} Most businesses care for the bottom line. While it is unlikely for a trader to survive very long at an effective leverage of 500:1 the rare accounts which end up with a negative balance shouldn't be such a big problem for the broker because there are a lot of other traders trading bigger volume than they would with less leverage. BTW: very few brokers offer a genuine 500:1 leverage at least not if you calculate the margin call level into it. They use it to calculate the capital requirement for you to allow you to control a certain amount...
That's true, 500:1 is more like 400:1... and 50:1 is more like 40:1
Be hopeful in a winning position, and fearful in a losing position.
  • #102
  • Jan 9, 2016 6:19pm Jan 9, 2016 6:19pm
When they get rid of poker machines then you can worry about retail forex going extinct. If they take forex away and you are a serious contender then you'll make-do trading other instruments instead, or you'll move somewhere that lets you trade. Realistically, this is all just pointless masturbation. The sky isn't falling as far as I can see.
Congratulations ScalaFX for coming out of the closet!
  • #103
  • Jan 9, 2016 6:34pm Jan 9, 2016 6:34pm
Quoting nubcake
When they get rid of poker machines then you can worry about retail forex going extinct. If they take forex away and you are a serious contender then you'll make-do trading other instruments instead, or you'll move somewhere that lets you trade. Realistically, this is all just pointless masturbation. The sky isn't falling as far as I can see.
Yup I would move out of country instantly or just open an offshore corporation so I can trade with an offshore broker.

It's only about $1000 to open an offshore corp to trade with offshore broker.


Casinos are more profitable than financial brokers but ONLY because there's probably 100x more gamblers than genuine traders. I traded over 250 million in USD equivalent currency last year... (2500 standard lots) which means my broker pocketed over $25000 in commissions, most fresh blood traders do not even generate anywhere near $1000 a year in commissions for their broker... and people will lose $1000 without breaking a sweat at a casino...

Casinos get ALL of your losses as profits while financial brokers are just middle men who get 0.01% of your volume as profit

If our global monetary system goes to fixed rates instead of free-floating... we can always trade commodities, grains, softs, metals, energy, and stock futures... etc

I already do trade those but Forex is the most liquid by far so obviously I would be pissed if it went away.
Be hopeful in a winning position, and fearful in a losing position.
  • #104
  • Jan 9, 2016 6:45pm Jan 9, 2016 6:45pm
Oh, wait, I did forget that bitcoin is going to replace everything. It's even going to replace TV, and it's also the cure for cancer.

Bitcoin. Fucking lol-fest. The world really needs something even less tangible and understandable than our current monetary system. :nerd:
Congratulations ScalaFX for coming out of the closet!
  • #105
  • Jan 9, 2016 11:03pm Jan 9, 2016 11:03pm
Quoting Rag2RichesFX
So many doom and gloomers here have no clue what they are talking about. Retail forex isn't going away, nor is it going down to 1:1 leverage. It is LEVERAGE ITSELF which allows the markets to remain liquid. LEVERAGE makes the world go round, literally. Without it, global trade would grind to a halt.
This.

Quoting Rag2RichesFX
US lotteries will die before retail forex and futures trading (which means, never).
This.

Quoting traider
{quote} No. In fact, the trend will be for the further expansion of the markets for greater access, the intent being to deepen liquidity flows worldwide. Capitalism defines the structure of all sectors and that contemplates deregulation. There may be periodic attempts to provide a safer environment so as retail players can transition more smoothly and the sector can thus develop more fluidly but the overall direction is for greater participation.
And this.

There is your answer.

My only concern is down the road when the IMF implements the global SDR, what will the FX market look like then I wonder. Any ideas?
  • #106
  • Jan 10, 2016 12:13am Jan 10, 2016 12:13am
Quoting Ill-b-back
{quote} Oh I do, doubt it if you must, and it seems you must, for all your own years posturing about impossible forex profits won't allow you to see anything else On a separate note, what was it about Makavelles' acceptance of the offer that indicated he was not serious?
Just this:

http://www.forexfactory.com/showthre...88#post7331288

"Okay Mr MaplefuckingLeaf I want to shut that hole in your face for good. Ill take you up on your freaking challenge and take whats left from the gifts you gave to bucket-shops, EA vendors and fucked up mentors, and Ill do it with one of my small live account with FXPRO ($30,000) Ill open a trade explorer with the name KICKMAPLELEAFASS and everyone can view as i progress. Kickoff date is 1st April 2014. So how much exactly are you offering and how do I get my money? Im not BULLSHITING Bro, IM DEAD SERIOUS!! "

1) the tone of the statement
2) 10 % profit per month
3) had a trade explorer but later removed it
4) No indication he is making any money in the forex

To me, all the clues are there that he has followed the usual forex trader path ...
Perhaps some initial success in the beginning but failure in the long term.
  • #107
  • Jan 10, 2016 9:07am Jan 10, 2016 9:07am
Quoting Mingary
"Ill open a trade explorer with the name KICKMAPLELEAFASS and everyone can view as i progress. Kickoff date is 1st April 2014. So how much exactly are you offering and how do I get my money? Im not BULLSHITING Bro, IM DEAD SERIOUS!! " 1) the tone of the statement 2) 10 % profit per month 3) had a trade explorer but later removed it 4) No indication he is making any money in the forex
Strange. That he would be so cocky and still wouldn't succeed despite the great moves in the currency market in the past 1.5 years.

Kinda sad really.
  • #108
  • Jan 21, 2016 4:20am Jan 21, 2016 4:20am
So was reading something on Larry Williams and his indicators and well stumbled upon this: https://en.wikipedia.org/wiki/Larry_R._Williams

Williams won the 1987 World Cup Championship of Futures Trading from the Robbins Trading Company, where he turned $10,000 to over $1,100,000 (10,900%) in a 12-month competition with real money. Ten years later his daughter, actress Michelle Wiliams, won the same contest.

http://www.worldcupchampionships.com/live-stats-3
  • #109
  • Jan 21, 2016 6:12pm Jan 21, 2016 6:12pm
Quoting SaiLyfee
{quote} This. {quote} This. {quote} And this. There is your answer. My only concern is down the road when the IMF implements the global SDR, what will the FX market look like then I wonder. Any ideas?
Full cultural globalisation is a long way off and by then, the retail trading sector will have morphed into something a lot more deeper and innovative.
The road to pipland is arduous and fraught with challenge.
  • #110
  • Last Post: Feb 1, 2016 3:55am Feb 1, 2016 3:55am
Quoting Rag2RichesFX
. If you are using 50:1 leverage you will get a margin call after 100 pips of drawdown. You don't need to trade that way. The TRUE reason for high leverage is NOT to gamble it all on one trade, the purpose is so that you don't need to keep very much of your total capital in a brokerage, but you can still trade AS IF all your capital was deposited at the broker.
I don't agree on that. It depends on how much money (how many units) you actually bet per trade. For betting 50000 units in EUR/USD at 50:1 you would need 1000 margin. But some brokers (OANDA in my case) you can dial the exact number you want to bet and still be at 50:1 leverage. So I do not see 50:1 as some irresponsible leverage if you dial in your numbers correctly.

Quote
The TRUE reason for high leverage is NOT to gamble it all on one trade
I do however agree with that. Solid advice.
Price-Action Extremist
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