Wouldnt the basic concepts still apply regardless of account size set % risk/money management + weekly pip target+ whatever system/method you use to achieve your weekly goal?
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Sry for re-opening this thread. You assume that the market is infinite, but in fact investing more than 10-15 lots will typically move the market against your position due to the counter-trade your trade partner must take. I would feel quite bad if I had to trade with multiple millions leveraged only in forex, because it would mean more stress to find all the pairs to place some of your 100 lots... even if you rely on daily TF.
{quote} Sry for re-opening this thread. You assume that the market is infinite, but in fact investing more than 10-15 lots will typically move the market against your position due to the counter-trade your trade partner must take. I would feel quite bad if I had to trade with multiple millions leveraged only in forex, because it would mean more stress to find all the pairs to place some of your 100 lots... even if you rely on daily TF. Regards TCC
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Agreed, that's why hedge funds exist. And I mean in spread betting.
{quote}but in fact investing more than 10-15 lots will typically move the market against your position
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10-15 lot is 1 - 1.5 million. That may be a lot for you or most other people reading this, it certainly isn't much in the FX market. It will not have an impact on the market, it's a drop in the ocean actually. Liquid pairs during liquid times can fill that order at best available price (top of the book).
I'm trading short term for small movements with more than 4 times as much, I'm still not a market moving big player.
My account size is confidential, I don't gain anything by disclosing it just like most other people with significant account sizes.
I have heard of traders setting off a cascade of stops on purpose by trading a fairly small amount, maybe a few million, at just the right time, like very illiquid Sydney trading, but I'm not sure if it's true or just myth. I suppose it is possible, at least in theory. Daily FX volume is about $5 trillion, so a few million is a tiny amount, but there are very illiquid times when only small amounts are being traded.
Whats the purpose of this thread here? There are lot of people funding forex accounts with even far more than a million dollars. For some people 1 million dollar is like for you and me maybe a $100. But whats the point now?
This information does not lead you anywhere. There´s always somebody doing it what another person does not.
Whats the purpose of this thread here? There are lot of people funding forex accounts with even far more than a million dollars. For some people 1 million dollar is like for you and me maybe a $100. But whats the point now? This information does not lead you anywhere. Theres always somebody doing it what another person does not.
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To who exactly 1 million is like $100 for a kid?
Are you suggestig that Buffet, Gates, Trump, Abramovich, Hamad Al Thani, Jack Ma and alike go and spend 1 million on pair of sneaker? Please, get real...
{quote} To who exactly 1 million is like $100 for a kid? Are you suggestig that Buffet, Gates, Trump, Abramovich, Hamad Al Thani, Jack Ma and alike go and spend 1 million on pair of sneaker? Please, get real...
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Buffet, Gates, Trump, Abramovich, Hamad Al Thani, Jack Ma
Who talks about sneakers. But yes there are even some crazy people in this world buying shoes for 1 Million, i am pretty sure.
{quote} To who exactly 1 million is like $100 for a kid? Are you suggestig that Buffet, Gates, Trump, Abramovich, Hamad Al Thani, Jack Ma and alike go and spend 1 million on pair of sneaker? Please, get real...
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The comparison is flawed. Funding your trading account is an investment (if you know what you're doing), buying sneakers is just spending.
There are of course plenty of people with more than a million in their trading accounts but I wouldn't expect to find too many of them here on ForexFactory and a million really isn't that much. By reading forexfactory one might develop the idea that spot FX is a market for little boys with a few hundred dollars in their accounts - it's not.
I have heard of traders setting off a cascade of stops on purpose by trading a fairly small amount, maybe a few million, at just the right time, like very illiquid Sydney trading, but I'm not sure if it's true or just myth. I suppose it is possible, at least in theory. Daily FX volume is about $5 trillion, so a few million is a tiny amount, but there are very illiquid times when only small amounts are being traded.
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Graviton, liquidity in the FX markets has changed a lot in the last 2 years. The large liquidity providers (LP's) are taking less and less risk and they are now quicker to withdraw liquidity under extreme market conditions. With less liquidity available during sharp market moves, the move is made even worse as people can't get filled and the move turns quickly into a death spiral (more and more people trying to exit their positions with less and less liquidity available = drives price down even more). This is one of the reasons why the FX market is seeing more large price spikes or drops in a very short amount of time, for example 7th October 2016 when the GBP lost over 800 pips in 2 minutes during Asia.
Liquidity on the major currencies is still deep during major trading hours, but nowadays it can quickly disappear during quieter times or when there is a significant news release.
{quote} 10-15 lot is 1 - 1.5 million. That may be a lot for you or most other people reading this, it certainly isn't much in the FX market. It will not have an impact on the market, it's a drop in the ocean actually. Liquid pairs during liquid times can fill that order at best available price (top of the book). I'm trading short term for small movements with more than 4 times as much, I'm still not a market moving big player. My account size is confidential, I don't gain anything by disclosing it just like most other people with significant account...
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It may just have different filled between 0.2 and 0.5 pips if you trade large amount. Of course, you need to find the right broker. The max order I did was 99.99 lots in one click. You need to place multiple orders if you trade more than 99.99 lots. However, most brokers accept orders only up to 50 lots in one click.
The market did not react to this kind of order at all in Forex trading.
{quote} Just because you don't know anyone does not mean no one trades over this amount. I trade with more than this amount and I have several friends who do too.
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I really I don't think it will be that easy cuz I have seen no one myself. But if you have seen, why the question then?
