Journey: 1K to 10K — I agree, but it's not easy. I had problems with other account I posted ways back so this is different account with longer testing period since Oct 18 of last year. This one started with a little over $1k currently up ...

The perfect trading system

ECN vs MM — ok from this little tidbit neither one really sound all that good to me. (QUOTE) LINK TO ARTICLE Conflict of interests Market Maker: There is a conflict of interests between you and your broker. How does your broker treat this ...

Class Action Lawsuit Against FXCM

Yes, we discussed it but when you came up with the idea of a fair and transparent market for all I thought I would make another attempt because there was no meat in the other discussion IMHO. Just alot of this is not possible / it won't work etc. In ...

Class Action Lawsuit Against FXCM

How do you make a market more transparent and fair when the brokers control the price you get? We already discussed centrally cleared OTC FX of which you clearly stated was impossible... for those just joining this thread. I know you're in the ECN ...

Class Action Lawsuit Against FXCM

FXCM shares popped: what you need to know (article) Easily passes expectations with 29% jump in revenue. either they are good at trading their own account or they are good at parting some people from their money. I doubt they would see a 29% jump in ...

Class Action Lawsuit Against FXCM

I've been reading some stories lately of FXPro putting stipulations on certain EA's and not allowing them to trade or function during times of the day in which the EA typically operates. The reason they used is "low liquidity" in the market at ...

Why would a broker want to go against your trades?

There is a fine little line from "thinking you are making money" to "thinking you will make money." LOL. who has seen the fxcm ads that says: "It's so easy to trade the Euro." ? While the people depositing with Madoff are more hands off approach to ...

Class Action Lawsuit Against FXCM

yeah I know it sounds blatantly stupid on the part of this guy, but ya know there were people worth millions of dollars that gave money to the "Madoff foundation" that was supposedly intended to make these individuals more money. Hard to say why he ...

Class Action Lawsuit Against FXCM

well slippage is a totally different issue and I'm not sure why you keep mentioning that when I haven't seen anything in this case to signify slippage is part of the lawsuit. I traded with FXCM back when they were a dealing desk broker. Times change ...

Class Action Lawsuit Against FXCM

Ding, Ding, Ding we have a winner Johnny. Open up door # 3 and tell him what he's won.

Why would a broker want to go against your trades?

I don't think this case is about slippage. LOL. slippage to the tune of $150k? seriously did you even read the thread?

Class Action Lawsuit Against FXCM

Trader A places micro lot buy for EurUsd Trader B places micro lot sell for EurUsd at same price point as trader A. (perfect world example) Broker has earned spread from trader A and trader B. In perfect world example. Broker becomes greedy and sees ...

Why would a broker want to go against your trades?

0% every method I ever coded / scratched out on paper was a learning experience. Thomas Edison: " I didn't fail 1000 times to make a light bulb, I found 1000 ways in which a light bulb will not work." If you approach the market with a whoa is me ...

How much time have you wasted on systems?

Except if you scale in and trade a basket of pairs. If leverage was irrelevant there would be no rule of 50:1 impeding you.

Let's talk money management

Any class action lawsuit only favors the lawyers. MSFT has been thru countless class action lawsuits and the resulting penalty is usually so many dollars off a new purchase or a rebate if you find your receipt for a product that was purchased yrs ...

Class Action Lawsuit Against FXCM

Well, I'm afraid you'd be in for a strenuous exercise to find out who owns the BBB. Many offices are independantly operated. In my own mind it's 21st century mob business. Instead of shooting you for not paying, they just give you an F. I have to ...

Class Action Lawsuit Against FXCM

I think this comes down to experience. Once you've been trading for several years and got several 1000 hours of chart time you just "know" when it's worth the risk.

Let's talk money management

lot = $10 per pip ($100,000) mini lot = $1 per pip ($10,000) micro lot = $0.10 per pip ($1,000) nano lot = $0.01 per pip ($100) Do not start out trading a full lot. You need to prove your method first. Most brokers offer micro lots and some offer ...

Let's talk money management

Ok, I couldn't tell as it sounded to me like you were asking me a question. I find alot of people surprised by that because the BBB has been around a long, long time and so many companies use the tag line "I'm an AAA member with the BBB" in order to ...

Class Action Lawsuit Against FXCM

Nope ABC news is. I am just passing the information along. Make up your own mind.

Class Action Lawsuit Against FXCM