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 Forex Version XV, Foreign Exchange Market Discussion

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carrer
post May 28 2015, 03:14 AM

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LMAX, Dukascopy, Saxobank, Interactive Brokers.

These are among the most recommended brokers.

This post has been edited by carrer: May 28 2015, 03:52 AM
carrer
post May 28 2015, 10:28 PM

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QUOTE(ObeLIsK @ May 28 2015, 09:40 PM)
Since we were talking about brokers, mind to share if anyone else here on ECN account?
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You meant the real ECN or the "ECN" which is advertised by the brokers?

If you meant the real ECN, then I doubt anyone here is using them.

This post has been edited by carrer: May 29 2015, 05:25 AM
carrer
post May 29 2015, 11:43 AM

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QUOTE(lepet @ May 29 2015, 11:38 AM)
Sifu2...Any tought on eu n u/chf?
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I will long EURUSD @ 1.0958
and short USDCHF @ 0.9418
carrer
post May 29 2015, 01:36 PM

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QUOTE(lepet @ May 29 2015, 12:13 PM)
Thanks carrer...
We are on same boat...

Do u have any preference target for both trade?
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No target, just trail stop for me.
carrer
post May 30 2015, 02:17 AM

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QUOTE(lepet @ May 29 2015, 05:51 PM)
Ru still hold ur position?
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Yes.
carrer
post Jun 2 2015, 12:28 AM

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QUOTE(valentine1666 @ Jun 1 2015, 02:01 PM)
Just a word of advice to everyone in this forum newbies like me that want to learn and earn money from forex pls do not trust any1 in this forum saying he is a so called Fund Manager ask to to invest with him by promising the sky and heavan to u but in reality they cant even gv u a simple worm also.........

y i`m saying this is coz i myself a victim by that person from lowyat......listen to sifu in here when they say if a good forex trader by himself can earn so much y he need u to invest with him......

i invested usd6k with this person so far lost almost 2k coz of him still he dont want to let me go citing the POA(power Of Attorney) agreement i signed with him saying he will deduct 40% person from my capital if i wish to revoke the POA, he is not only want to take responsible instead now blame investor for his lost by saying they distract him if so y he ask people to invest with him in the 1st place.......

he didnt deliver what he promise even though 4 month have been given to him, not only didnt make profit but keep losing the capital i invested when i want to revoke POA he say penalty 40% bullshit right if he deliver what he promises y i want to cancel the agreement right? 

the a so many scamming people lurking around the forum sweet talk to u and acting like professional when in truth they are just con people by ask u to invest with them at the end u will lost money they on the other hand make money from u weather u earn or lose ur money in spread commission and introducing commission also POA penalty

dont dont and pls dont invest if u want learn by urself and play it urself u will be much happier..........
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It's true that there are many scams revolving around. I would say majority of these 'fund managers' are not consistent. They may make profit in the short term, but not long run. However, there are also genuine fund managers who could really make consistent profits, but they are very rare.
carrer
post Jun 2 2015, 02:12 PM

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QUOTE(moonproof @ Jun 2 2015, 11:07 AM)
hi i m new here. thinking to open account with fxcm. i tested the demo, but always lost though the P&L is showing positive before i closed. It seems to hit at market price is the culprit. can teach me how to close the positions when i see my net P&L is positive? Thanks
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Take a screenshot and post it here.
carrer
post Jun 5 2015, 09:47 PM

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QUOTE(Arvinaaaaa @ Jun 5 2015, 06:52 PM)
Are u guys using fxcm? Or some other broker
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Don't use FXCM if you have a very large capital. FXCM is a controversial broker.
carrer
post Jun 5 2015, 10:33 PM

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QUOTE(hdwarexpert @ Jun 5 2015, 09:56 PM)
Kindly pm me the broker suggestion. Thanks
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Dukascopy, LMAX, Interactive Brokers, Saxo Bank, Citi.

QUOTE(csong60 @ Jun 5 2015, 10:19 PM)
What do you mean by "controversial broker"? Kindly elaborate, please.
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A few lawsuits. And it is owned by Gain Capital. Gain Capital is also controversial. Google them up.
carrer
post Jun 5 2015, 11:39 PM

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QUOTE(hehe86 @ Jun 5 2015, 11:16 PM)
hmm.gif any issues with ironfx before?
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Ironfx is worse. Chinese people's account amounting USD1.5 Million was all gone. A few months back, they were seeking legal advice. You can Google up, it is in Forexfactory if I am not mistaken.
carrer
post Jun 6 2015, 12:52 AM

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QUOTE(hehe86 @ Jun 6 2015, 12:46 AM)
I've already been using it since May, but never try to withdraw yet. So just tried few minutes earlier, so pending request. When i register my account, their people contacted me and guided me thru everything (registering,confirmation on my deposits and also switching between normal/premium account). And even insist me to register under their UK (because of tighter regulators) instead of ASIA/SEA region. So i thought i'm safe.

Initially i register because i have a friend who is using it too but having no issues. Well maybe better safe than sorry!
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Avoid all brokers from Cyprus/Mauritius.

EDIT:

Go for UK, US, Singapore or Australia based brokers.

This post has been edited by carrer: Jun 6 2015, 12:54 AM
carrer
post Jun 6 2015, 09:38 AM

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QUOTE(csong60 @ Jun 6 2015, 09:27 AM)
Did you have bad experience with FXCM?
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Not personally. But I have heard a few. Just Google "fxcm lawsuit" and "fxcm fraud".

EDIT: But personally I would say it is safe for a small capital. And if you are not winning too much.

This post has been edited by carrer: Jun 6 2015, 09:39 AM
carrer
post Jun 6 2015, 09:50 AM

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QUOTE(csong60 @ Jun 6 2015, 09:48 AM)
Small capital meaning something like less than US$2000?
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USD 10,000 also should be okay, if you don't make too much money.
They are a market maker. So, if you win, they lose (considering the fact that they don't really hedge - based on the recent SNB crisis)

Are you having accounts with them?



This post has been edited by carrer: Jun 6 2015, 09:53 AM
carrer
post Jun 6 2015, 08:11 PM

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QUOTE(cylaipro @ Jun 6 2015, 06:13 PM)
if fxcm hedge your trade = fxcm is market maker. you dont really know much about real ecn. real ecn broker dont hedge client trade but they pass to their counter-party (hedge partners) to hedge. that why fxcm become like this because their counter-party ignore them. real ecn minimum deposit is higher. u think icmarkets fxpro those are real ecn? they all are market maker.  fxcm have 2 type of account. standard account 1:400 leverage dealing desk (market maker) type and active trader account 1:100 leverage non dealing desk type but minimum deposit usd 25k.
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I don't really know much about real ECN? Wow. You must know a lot then.

Can you show me the source where it says that their counter-party ignored them, which made them almost bankrupt?

Of course ICmarket and all are market makers. Even FXCM is not one.

No brokers are real ECN. They will trade against you if they know statistically you are losing, and they will pass your order to the inter-market if you are winning. They cannot supply all the orders to the inter-market, especially when you trade small lots. All are market makers, even the prime brokers are market makers eventually. You should visit elitetader forum where they discuss a lot about this. Conclusively, brokers which are ECN are not real ECN. Sometimes they become ECN, sometimes they are a market maker, depending on certain things. Unlike Oanda, they are a market maker, they don't pass your orders to the inter-market, instead they hedge.

Here are a few ways how brokers do things:
1. They hedge their client orders.
2. They pass it to the inter-market (A real ECN only does this).
3. They match the orders of clients with other clients.
4. They trade against you.

This post has been edited by carrer: Jun 6 2015, 08:12 PM
carrer
post Jun 7 2015, 01:12 AM

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QUOTE(cylaipro @ Jun 6 2015, 08:54 PM)
prime of prime broker  smile.gif  not prime broker. do you know the diffrence between prime of prime broker and prime broker. obviously not and u call me visit elitetader  biggrin.gif  rclxms.gif
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Yea, you can boast whatever you want. But at least you tell me what you are trying to convey here. Elaborate, don't simply say you don't know this, you don't know that, Mr. Know It All.

EDIT:

By the way, Currenex and Hotspotfx are the true ECN. Not sure about SWFX. All you have to do it find a broker which provides one of these platforms.

This post has been edited by carrer: Jun 7 2015, 08:09 AM
carrer
post Jun 7 2015, 06:30 PM

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QUOTE(cylaipro @ Jun 7 2015, 04:54 PM)
obviously u know nothing about ecn because u mention swfx  biggrin.gif  rclxms.gif previous post mention prime broker (prime of prime broker) u still not yet answer my question. do you know the diffrence between prime broker and prime of prime broker?  biggrin.gif  biggrin.gif  but u guess right half. currenex hotspotfx are not ecn but are ecn aggregators and you need broker to acess their platform. those usually minimum deposit are higher compare to retail forex broker.  so basically u think currenex and hotspotfx are ecn market participant? laugh.gif  laugh.gif  please be smart abit before u argue with me.
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Yep, you are right.
carrer
post Jun 8 2015, 11:55 AM

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QUOTE(Bee am @ Jun 8 2015, 11:19 AM)
Wat about Oanda? Is Oanda safe?
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Yes.

carrer
post Jun 10 2015, 02:57 PM

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QUOTE(old_and_slow @ Jun 10 2015, 02:24 PM)
i wanna ask, if i have $1000 in my fxcm account, and it profited $300 = $1300 in my account now. My margin is 400:1.

if i want to withdraw my profit of 300, will it include the margin profit (400 x 300) or just 300?

sorry noob question notworthy.gif  notworthy.gif  notworthy.gif
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I am not sure what you are trying to say. But if you make $300, then you withdraw $300, your account would be left with $1000.
carrer
post Jun 10 2015, 02:58 PM

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QUOTE(Y.J.S @ Jun 10 2015, 02:48 PM)
So just key in PBBEMYKL for Public Bank, everyone's the same if they use Public Bank, am I right?? rclxub.gif

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Yes, everyone is the same.
carrer
post Jun 12 2015, 12:41 AM

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QUOTE(capt1986 @ Jun 12 2015, 12:21 AM)
Hi..any suggestion where to read about fundamental? Tq..
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Bloomberg

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