Just to let you all know. The word I've heard is that a $20 million net cap requirement will be in place very soon after the $10 mil requirements. The CFTC is looking to create a market of only 10 or so huge institutions within the next couple of ...

Proposed NFA Capital Requirement

bufalus, I suggest you take your money to a high-quality and secure broker such as dbfx. They do not necessarily "play" to the retail trader, but their services are industry-leading, liqudity is fairly good, and their prices are competitive. But, ...

forex account 50.000 USD

Leo, sorry to hear about the loss, but happy you've found a quality system to trade. I don't want to seem like I'm protecting the broker here, but I am going to be honest with you... they almost assuredly did not "find out and start manipulating" ...

Outrageous Broker Fill

Price spikes are an unfortunate part of being a retail trader in the FOREX market. When liquidity gets low and your broker has a poor or limited stream of prices from their liquidity provider (that would be the "institutions we contract for ...

What is this chart spike?

Steelhead, I see your points in thinking that "the folks who move the market" are trading against you and in some ways you are correct. Big money does make better trades more consistently then retail traders so they are trading "against" retail ...

Why Indicators will fail you

Indicators won't necessarily fail you... relying solely on them during intra-day trading will. If you don't have a fundamental outlook for the market, you're technical trading is most likely going to falter. I use indicators as "triggers" to make ...

Why Indicators will fail you

Funnyboy, Spikes often happen during times of low liquidity. This can happen if your broker has poor or limited liquidity providers. Basically, the less people in the market means the more wildly you will see the price swing(such as during a news ...

What caused a spike on EUR/USD at 5.58EST?

I agree with you on that. It's just unfortunate that those "gamblers" make up the majority of "traders" entering the market. When we all started trading, 500:1 seemed like a great thing... "Wow, I can make so much money doing that." But we did not ...

Alpari Stuck

If you manage your risk the same, that's fine. But, unfortunately, retail traders tend to see the opportunity of more leverage as a change to make a quick buck... not realizing it could also quicken their losses by increasing their risk.

Alpari Stuck

500:1 leverage? Sounds like a good way for traders to lose their money very quickly.

Alpari Stuck

Oh, if it's in a case like this, then this is definitely a technical problem that you should contact Oanda about.

Brokers Scams Who delete you profits

You're right, I came in the middle of the conversation and I think I missed what the original point was... but I think the conversation turned at some point to risking more than a reasonable amount of equity. However, if pulling interest from ...

what's the purpose of an account, anyway?

Yes, they probably could do a better job of letting you know spread is going to go up during news events times. But, unfortunately, the broker always explicitly states in your contract that they do not have to close your trade(or fill your order) if ...

Brokers Scams Who delete you profits

Good questions. The reward for a broker closing out your trade is none. A broker does not make any extra money whether you win or lose. Say you are buying 100k GBPUSD. In reality, you are borrowing from the broker to purchase 100k of Sterling(i.e. ...

My broker stop hunted me!

I posted this on another thread, but it really applied here as well so I edited it a little bit... Brokers have no reason to "hunt your stops". Your spread widens during news events because the banks that are quoting your broker are reducing their ...

My broker stop hunted me!

Hey, Maxey... Just wanted to clarify for you a bit. They aren't deleting your profits. Your spread widens during news events because the banks that are quoting your broker are reducing their liquidity or aren't even filling orders... This increases ...

Brokers Scams Who delete you profits

It really depends on what each broker/bank offers. The big "banks" (i.e. Goldman-Sachs, UBS, RBC Carlin, etc.) are more designed for institutional clients with millions of dollars that trade Forex as a Futures contract(most, in fact, won't even ...

what is difference between trading fx with big bank and broker?

First, a little background. I am a professional trader and manage the FX porftfolio for an investment firm. I happened to be going through the forums when I came to this thread and it disturbed me a little. So, here's my take... As a professional ...

what's the purpose of an account, anyway?