There's another big anti-black swan strategy in-built to short term trading Jens and that's your stop is going to be relatively close (I would think) to the current price. So a trader might be long Cable at 1.2240 looking for a short term pop up to ...

Black Swan - Are you prepared?

Yes I'm sure, the chart below doesn't look like a market anyone should be long of. Flow is down, there has only been selling over the last 12 months and price is 8 ticks above the 1.2000 peg level. You also know that some of the big whales and other ...

Building an equity millipede

Nobody because trading isn't their business. Their business is more often than not marketing and selling get-rich-quick courses, seminars and the ubiquitous 'mentoring' services all backed up with the chant of 'I'm a millionaire FX trader' alongside ...

Help!!! US Traders, We Must Stand Up and Fight

Too true. Drive your car and the risk of death is always there from some freak accident. And it doesn't matter if you are the safest driver on the road because it won't be your fault it will be somebody else's. I was listenening to the radio the ...

Black Swan - Are you prepared?

As for FXCM if you're not an American citizen you have nothing at the moment to worry about, keep using them if you're happy.

Help!!! US Traders, We Must Stand Up and Fight

This thread is basically about an oppressive US government (many western governments are sliding down this slope), in this case banning retail traders from trading cash FX. The oppressiveness is coming in many different forms, constant increases in ...

Help!!! US Traders, We Must Stand Up and Fight

Excellent comments from many here about the (nasty) US government but we all have to work hard to get the message out just how corrupt, evil and vicious they are. This is not a post about Americans per se, I know many of them, meet them all the time ...

Help!!! US Traders, We Must Stand Up and Fight

What people who are scared about black swans must realise is that the big direction of the movement will always be in the direction of the current weakness/strength. Cable was hardly in a bull market so the dump was to the downside. The Swiss was ...

Building an equity millipede

He's a real dope as well. You flash your lifestyle around like that and hence make yourself a real target. Imagine if you were the Police and someone made a complaint, one look at all the cars and bragging and you'd smile and say 'now that's a ...

Capital Trust Markets warning

Always a very good rule in this game is if someone drives a very flash car steer well clear of them. And if they want you to KNOW they drive that car run a mile.

Capital Trust Markets warning

Gold, as Sken says ' is this going to help you make any money'? I don't think so, one can become the greatest expert at how everything works behind the scenes but not be able to make any money (think University professors/PHDs). Whereas someone else ...

Is anyone here an institutional trader?

Cuch, yes, of course there was a tremendous amount of monkey business involved with the Swiss debacle, that's when everyone realises their brokers can and will make up some of the rules as the game is being played. And we know who the rules are ...

Building an equity millipede

Yes, anything can happen. But I always say this to people re big moves - the odds are you won't be on the wrong side as you can only have 3 positions in the market, flat, short or long (I say flat is a position). So if you have a big move there are ...

Building an equity millipede

Nothing would happen because you wouldn't be trading that market from the long side. Who trades something with that potential risk when there are so many other markets that don't have the embedded risk and are basically normal (a currency with a peg ...

Building an equity millipede

Probably, either that or one of their web team tried to get clever and slip a link in to pick up some cash. Those sorts of links can pay big.

Atom8 Discussion

The fact the Atom8 website has links to '24 Same Day Loans' on its website means traders should think hard about this broker. How can a company propose to be a legit broker and then carry such scummy adverts on its site? What next, porn? Dating? PPI ...

Atom8 Discussion

Yep, they may well start charging a fee but in this game always think of costs as a potential investment and then look if you get a return on that investment. Easier order entry via chart trading which isn't available on TWS might be a great ...

Interactive Brokers - experiences and opinions

Looks like IB have done a deal with www.protrader.org so for those that don't like their crappy TWS software this looks like an excellent hook up especially as the software is free. And if people like trading from the charts the PTMC platform offers ...

Interactive Brokers - experiences and opinions

More jackass behaviour from the jackass regulators/Government Agencies. Last week it was the US that effectively banned much of the FX retail traders from operating with IB pulling out meaning others are likely to. US citizens can't trade CFDs ...

Breaking News: Belgium bans all leveraged Forex, CFDs