Re OPs question. may throw up some price comparison charts later if I have a chance but meantime this is worth a look. The only ECN on this list - interactive brokers - has 45% profitability vs FXCMs 28% (market making as we now know). I know how ...

So brokers take trades, who cares...

I only heard about the FXCM case because spread mentioned it a couple of weeks back, and how it's not bigger news on this forum I have no idea. It's far, far worse than people are making out. FXCM mgnt is currently in court trying to explain how ...

So brokers take trades, who cares...

Great idea Alpha. 1) Hedging delta is theoretically a continual process but my understanding is that in practice it's done with discretion in chunks. How did you manage it on the desk on a daily basis? 2) did you have any rough and ready ways of ...

Ex Insti Trader... AMA

I get it but why the rush? Full time trading is a very expensive business. If you're good enough in your career to raise sufficient funds to do this in the first place (which it sounds like you are) and you're young, you've probably got two proper ...

Day trading London - what to expect?

Funny, because I came here only to post with one aim - to get traders to feedback against ESMA leverage changes and yet here we are. Somehow reminded of that couple that ran a happiness blog, that banned all negativity. And well... RIP. Prison of ...

FX Trading in Europe under threat - act now

Yep, Tom. Finspreads, back in the day used to reguarly slip me, and shade prices. I couldn't trade for toffee then either, doubly insulting. It is right you should never trade size on any dealing desk account where they make the market. FXCM have a ...

FX Trading in Europe under threat - act now

Whoosh! video

FX Trading in Europe under threat - act now

You know, scrabble around and there may well be a heart-warming sentiment buried in all that. I've traded for half that, half again full time and so I can safely say I haven't seen it all. But having seen how far the rabbit hole goes, I know for a ...

FX Trading in Europe under threat - act now

Wise words

FX Trading in Europe under threat - act now

Appropriately just as this thread derails into one man's crusade against his reflection, the feedback window is now closed. Be back in a few weeks when we know the outcome. I didn't want to agree with whoever it was who posted it at the time, but I ...

FX Trading in Europe under threat - act now

Well done Tom, you've the patience of multiple saints. Question to all the users here. Q: What industry is 20 times the size of retail fx, employs thousands of paid for lobbyists and was recently found out for fixing the 'fix' with six of the major ...

FX Trading in Europe under threat - act now

Shakes head. OK mate. Back to work.

FX Trading in Europe under threat - act now

They will eventually paralyse it, it's in a regulators nature. Regulating broker activity works well for us - clients. Regulating client activity, actually benefits a completely different industry and we will suffer from it.

FX Trading in Europe under threat - act now

80% twaddle. Dealing desk brokers net off their positions. Straight through ones go - guess where - straight through. It's around 5% of the FX business. They hit the market, same as the desk handling toyotas conversions. Now. 6 trillion daily. Any ...

FX Trading in Europe under threat - act now

Ladies and gents - the deadline for feedback is tomorrow. For those still to do so, either use the post on the front page, or the survey posted in here - anything to ensure that you've made your mark. Just one thing to note. I reckon we've got ...

FX Trading in Europe under threat - act now

Is that really all you've learnt in 15 years? You've not found ANY cause and effect in FX whatsoever? Seriously? I'd be pissed as well but this explains a lot.

FX Trading in Europe under threat - act now

I don't believe you should pull up the ladder after you in life. You choose to believe ladders don't exist and spend your free time telling everyone so. Way to go.

FX Trading in Europe under threat - act now

Well it used to be a phone call back in the day - thus a margin call asking you to stump up extra margin for your position, but nowadays they'll close it, although there might well be a buffer of a a few percent. The negative balance happens when ...

FX Trading in Europe under threat - act now

Amen brother!

FX Trading in Europe under threat - act now

My maths barely scrapes past gcse level, but keep this simple - you're trading notional $10k. Divide that by your leverage, that's your margin so at 10:1 it's $1000 you'd need in your account to open the trade right? If the value of that $10k trades ...

FX Trading in Europe under threat - act now