This article might interest you guys.... Stop Hunting With The Big Players - Boris Schlossberg (ex-FXCM analyst) ".....Because the human mind naturally seeks order, most stops are clustered around round numbers ending in "00". For example, if the ...

"00" hunting

As well as the ones you mentioned, how about security of deposits to bring this market in line with other markets? SIPC? FDIC? And an agreed universal reference price to settle disputes, say Reuters? Mind you that won't be so important now that ...

CFTC + NFA: End Of Hedging?

Right, I was forgetting you're in US, I'm in UK so we're covered up to GBP50k regardless of what happens to the broker. Maybe they'll bring FX into line with other markets as far as deposit protection, I agree one without the other would be unfair.

Leverage reducing begins

Right, so having that much leverage available only changes your margin requirement, it's not changing your risk? It hard to do the next bit and keep to my word, I'm not finding fault, honest! Why would you need that additional free margin if risk ...

Leverage reducing begins

Ok I'll take the bait, please just give me an example of how you would use 1000:1 leverage, seriously I'm interested. I promise not to shoot you down in flames, find fault, or laugh.

Leverage reducing begins

I agree, with the exception of requotes if those things are actually happening intentionally and not just a conspiracy theory or technical issues then sure, but how would you suggest NFA write up those rules and how would they police them? They're ...

CFTC + NFA: End Of Hedging?

I see we've come full circle and are back to the argument about the (lack of) benefit of this type of hedging. I have no further comment on that subject, I've already said what I think.

CFTC + NFA: End Of Hedging?

Not a great analogy because without bullets the guns are useless to the people who know what they're doing. In forex the people who know what they're doing would never even consider hedging in the way that's been described in this thread therefore ...

CFTC + NFA: End Of Hedging?

I imagine there are a lot of destitute gamblers who lost everything by betting the farm who would agree with you! image

Leverage reducing begins

MT4? Disclaimer: I don't know anything about PC's or IT!

Charts that don't require java?

lol, Ah, the old 'free lunch' ploy, we're not stooopid everyone knows there's no such thing as a free lunch. I'll have the seminar if it doesn't come with the free lunch otherwise I ain't falling for it!

CFTC + NFA: End Of Hedging?

It's about time! Seems like NFA are on a serious mission to clean up the Wild West of currency trading!

Leverage reducing begins

Seems like the thread is getting repetitive and slightly childish as well as drifting away from the topic. I'm happy to have a rational debate about what some of you think is hedging but simply saying you're making a ton of money and calling people ...

CFTC + NFA: End Of Hedging?

Oh ok, I thought you said before that you were hedging profitably. There are lots of hedging strategies which can be profitable so keep an open mind, plenty of professional traders use them, it's just I had never heard of anyone seriously using ...

CFTC + NFA: End Of Hedging?

Maybe I've misunderstood the rule but I don't think they're forcing anyone to close trades against their will or imposing losses on traders, have you actually read the new rules........ Offsetting Transactions New Compliance Rule 2-43(b)............ ...

Proposed NFA Capital Requirement

I don't think he's going to, it will destroy his argument if he does. What I don't understand is why people can't see that 10k long and 10k short on the same pair isn't going to make them any money unless they're trading one way intraday and the ...

CFTC + NFA: End Of Hedging?

No-one is asking you to pay, they're saying why should you profit from these pricing errors. If you're trading with a non-STP broker they're not even saying that, under the new NFA rule the broker is going to have to suffer the loss. You didn't ...

Proposed NFA Capital Requirement

Not really, they have to allow for genuine errors which inevitably happen in any sort of electronic trading. The other side of the coin is would you expect your broker to reimburse you for an erroneous spike which took out your stop, or would you ...

Proposed NFA Capital Requirement

Didn't we already have this discussion, here

Proposed NFA Capital Requirement

I think this qualifies as "in te traders favor", don't you? Does your overseas broker offer the same protection? Price Adjustments For orders executed after June 12, 2009, Compliance Rule 2-43(a) will prohibit an FDM from adjusting executed customer ...

Proposed NFA Capital Requirement