Heads up!! If you trade the Danish Krone keep one eye on your risk exposure. Like they say in France.....un malheur ne arrive jamais tout sole!! url

Forex changed forever!

I don't believe for one second on those after the fact MM comments. MM made money because they win when customers lose. A lot of clients went bust so they made a killing. Now, they come busting on how they saw what was coming and all that nonsense, ...

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No need for empty posts!

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Another example on how MM are really loving the margin call orgy. Customers lose....they win ! url

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It takes time to make in this business. Traders that I know for a fact consistently profitable are in the 10 year bracket.

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it is the human nature. people don't like anybody telling them what to do. Even if it is for their own benefit. Go tell those freaking teenagers they should not smoke pot!! In 2007 I lost 70k because I did not know what I was getting myself in. ...

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LOL !! Did you read the thread. Oh sorry I forgot you don't like to go back and read old posts. If you do you will see the whining !!

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Forex will never be the same because of what happened Thrusday. We may not see the changes tomorrow or next week but it is coming. ECNs will change because their relations with LP will change. Their risk management will include what they learned ...

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The reality is more like this one here!!

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MM capitalizing on retail traders naiveness.

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I'm really curious to know if any more bodies will float this week. I'm starting to believe the SNB unexpected move was to wipe out speculators.

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Go back a few pages to the UNDERSTANDING THE FXCM MARGIN CALL post.

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Earlier in the tread I suggested the experience/leverage model where the more years trading the more leverage you can use. Another idea is the inverse margin/leverage model. The less money in your account the more leverage you have. 10,000:1 ...

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ECNs are more neutral in terms of conflict of interest since technically they don't lose when you lose. Thursday's event was a exception, but in regular circumstances they pocket their spreads and commissions and they are happy with it. MM could be ...

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Thats correct but just for ECNs. MM can close your position anytime because they usually are not exposed to the real market. FXCM was in the final process of becoming a true ECN, thats why they got hit hard.

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The problem is that people still don't understand how brokers work. They don't know how a SL, TP or MC works. I have a long post 2 pages back about how FXCM got margin called where I explain in details. Thursday for a few minutes there was no ...

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Thats probably why they got a loan almost 100 millions bigger than what they actually needed. Where there is distress there is always opportunities.

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Ok and I will try a even more simplistic approach in order to make you understand. Leverage on forex was already reduced just a few years ago. Unless you live under a rock, you most know about rumors on the CFTC in talks to reduce leverage again. ...

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You are entitle to believe in whatever you want to believe. I respect that!

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I don't think the phrase " does not work anymore" is correct. Those risk management algorithms failed due to a unthinkable situation. Risk management algos are designed based on statistics. So, when something that never happened before, happens, ...

Forex changed forever!