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Forexia commented Jun 23, 2016Ok so they opened the votes to all the citizens of the British commonwealth countries then on top of all the british citizens which is a little far-fetched they are allowed to vote as many of the commonwealth countries are located well outside of ...
Brexit - latest poll - ComRes (phone): Remain 48% and Leave 42%
- Forexia commented Jun 23, 2016
Depends on how the referendum law states whether it's strictly citizens or residents who are allowed to vote.
Brexit - latest poll - ComRes (phone): Remain 48% and Leave 42%
- Forexia commented Jun 22, 2016
This is all going to depend on who are going to the poll to vote. If the majority of the people who will be voting are immigrants, non-Britons, the result is going to be pro-staying. If it's native-born Britons who are the people who's voting, the ...
Brexit - latest poll - ComRes (phone): Remain 48% and Leave 42%
- Forexia commented Jun 21, 2016
Still NOT worth it. I went into trading just so I can work for myself and not have to deal with shitty companies or whiny clients. What's the point if I still end up working for others? As long as you take other people's money whether it's working ...
Jerome Kerviel, rogue trader, wins unfair dismissal case
- Forexia replied Jun 21, 2016
The problem with news trading is that, the normal risk/reward ratio goes out of the door and there is no way to control it because 1) there is no way to predict how much loss can potentially result from an unfavourable news or economic number. You ...
Most suitable broker for news trading
- Forexia replied Jun 18, 2016
A scam broker getting in bed with a casino broker, Wonderful!!!
IronFX and FXDD to merge, go public
- Forexia replied Jun 18, 2016
Yeah and 80% of the employees of ACFX China were former IronFX employees and now they have moved on even before ACFX China closed its doors either by voluntary resignation or being forced to do so by the company management. Wonder which scam company ...
ACFX to Chinese traders: No withdrawals for you until...
- Forexia replied Jun 18, 2016
And here is an article that explains the difference between the REAL FCA license from UK and the Cysec license affiliated with FCA. With the existence of EU, many brokerage firms is able to get their Cysec license affiliated with FCA from UK so on ...
ACFX to Chinese traders: No withdrawals for you until...
- Forexia replied Jun 18, 2016
And here is some updates on ACFX. Apparently Cyprus regulatory body has already suspended ACFX's license since April when they started their "arbitrage investigation" to deny withdraw requests by Chinese traders. And their license remains suspended ...
ACFX to Chinese traders: No withdrawals for you until...
- Forexia replied Jun 18, 2016
At least your money gets segregated and the firm is audited every year. Can you say the same for all those offshore brokers and brokers regulated by regulatory bodies in countries like Cyprus? This is NOT the first time that brokers in Cyprus takes ...
ACFX to Chinese traders: No withdrawals for you until...
- Forexia commented Jun 11, 2016
Yeah dumb company also hangs you out to dry faster than a bullet train when shit hits the fan. So when you are making profit, they pay you bonus but when things go sour, you end up losing everything and have to get punished and they still want you ...
Jerome Kerviel, rogue trader, wins unfair dismissal case
- Forexia replied Jun 11, 2016
If you can't even afford $10K to trade, I would strongly suggest you to stay away from news trading because the possible losses due to the large spread and price swings caused by the news especially the NFP and the central bank rate decisions (just ...
Most suitable broker for news trading
- Forexia commented Jun 10, 2016
Ah ok, so he only invested $50 billion and lost 5 billion. That is still 10% of the invested capital. In our daytrading, we are taught usually not to risk more than 1% of our capital and try to achieve 2X the rewards thus the 2:1 risk/reward ratio ...
Jerome Kerviel, rogue trader, wins unfair dismissal case
- Forexia commented Jun 7, 2016
That episode is HILARIOUS. I would recommend anybody to watch it.
John Oliver buys and forgives $15 million in debt
- Forexia commented Jun 7, 2016
OMG!!! He made 1.4 Billion Euro in profit and then turned around and lost 50 Billion Euro, 50X the profit???!!! And they call us retail fx gambling???!!!! LOL Any of us traders, even the newbie ones here on FF trade better than him and you guys all ...
Jerome Kerviel, rogue trader, wins unfair dismissal case
- Forexia replied May 30, 2016
Somewhere in between, the broker that takes on more of the risk themselves will have more incentive to limit a successful trader's profit potential.
Broker - Too High Profit Question
- Forexia replied May 30, 2016
Depend on the broker. If the broker is a market maker who makes money from trading against you, then no, they do not like it when you make too much money because if you are making too much money that means they are making too much losses as they are ...
Broker - Too High Profit Question
- Forexia replied May 27, 2016
If ESMA REALLY wants to eliminate trading against clients, they will just allow VERY VERY VERY high leveraged spot fx trading or mini spot fx contracts to be traded on an spot forex central exchange. They created highly leveraged mini contracts for ...
Finally Casino Brokers are going to be Out!!!
- Forexia commented May 27, 2016
I thought they are not using traders anymore, just computers with algorithms.
Don't lie, don't cheat, don't start rumors, says new FX code