I think his current balance is -5K, so that would be new balance 6K or a -2K loss.

Locked (hedge) trade can face a Margin Call

Yes, everyone thinks they can trade themselves out of loss. This I think is the huge con game in forex. There is no such thing as unrealized loss. Once you were down 2% in your acct, you should have closed the trade and called it a day.

Locked (hedge) trade can face a Margin Call

Yes, but how much in the way of losses did you lock in? Why do you imagine that FXCM should pay you back those losses that you did lock in?

Locked (hedge) trade can face a Margin Call

It's very relevant as to when you locked your position. You can't expect them to pay you back for losses that you already had. In fact, when you locked your position .. you locked in those losses! You certainly were no longer smart money, as you ...

Locked (hedge) trade can face a Margin Call

Well, the question is .. at what point did you lock the position? Did you open the positions as locked? Or were you already down quite a few pips before you locked them? I'm an API trader, I don't really use MT 4 so I'm not particularly familiar ...

Locked (hedge) trade can face a Margin Call

Yes, this seemed a bit odd. My understanding is that they closed it at 1.355, but margin called it because of a phantom 1.344, even though it didn't really hit it at the point of the margin call. That's a little unfortunate. However as Tjpld said, ...

Locked (hedge) trade can face a Margin Call

I think a better policy would have been brokers forced to have a website where they list all of their price adjustments and there total executed orders. It'd be nice to see these stats for slippage as well. We need stats on brokers which shows their ...

Price Adjustment Rule --- put all our accts at risk?

I agree with Pipmutt, a part of your problem is you're coming off a bit inarticulate and crazy. FXCM may think that they don't have to worry about you as they don't believe anyone will sympathize with you. Your best bet is to compile all of your ...

Locked (hedge) trade can face a Margin Call

Margin calling, strictly speaking, isn't a scam. I think a lot of people fool themselves into thinking that they're not down all that money just because the loss is not yet realized. Probably the biggest con of them all in the world of forex. ...

Locked (hedge) trade can face a Margin Call

Let me give you an example: Oanda ****s up. They quote 200 pips off the current market price that my external feed from townsend tells me about. So I put in an order in for 10mio and Oanda executes because their system screws up and thinks it's OK. ...

Price Adjustment Rule --- put all our accts at risk?

I really can't see it. Enlighten me.

Price Adjustment Rule --- put all our accts at risk?

Rather than being vague, say what you mean. What other side? Oanda is the other side of all trades. They'll just lose if their system goes whack as big time traders execute trades because their external price feed tells them Oanda has screwed up.

Price Adjustment Rule --- put all our accts at risk?

Rather than condescend, perhaps you can explain to me where my understanding has gone awry. As for "stolen" .. I never used that word. I said if the company goes bankrupt you won't necessarily get your money back.

Price Adjustment Rule --- put all our accts at risk?

Sure, if you're at a broker who's system goes whack, then they have to pay off the customers who benefit. They're not allowed to go in and untangle the mess. If they don't have enough buffer money, then who do you think pays? You think the ...

Price Adjustment Rule --- put all our accts at risk?

I'm not overly impacted by these rules either. However, I'm sure there will come a day when I'm in the minority and I will be seriously impacted. I'd rather fight these fights here, rather than those future ones. I'd rather we all started taking a ...

Proposed NFA Capital Requirement

I'm just trying to learn something here. I'm hoping you have some subtle reason for your viewpoint that I am missing and you'll reveal it at some point in the quest to make me look stupid. I'm more than happy to look stupid if it means I can learn ...

Proposed NFA Capital Requirement

No, I posted what I posted because I knew about the STP rule only. Which is why it was valid before and why it is valid now. Ideally, and it would be to the credit of the NFA if they gave them equal treatment, but I believe more flexibility is ...

Proposed NFA Capital Requirement

Only an STP BROKER. Come on... you said it yourself. Just an STP BROKER. Shall I repeat that a few times because you seem to be having a hard time with the concept. JUST .. AN .. STP .. BROKER. Brokers like Oanda can not adjust trades after the ...

Proposed NFA Capital Requirement

It's a very innovative idea. Now just make that 3 pips or 2 pips, or let us trade some higher spread pairs, and you might have something pretty cool.

Spread is Dead! Or is it?