In theory you can never lose more than the deposit because FXCM has a no debit policy (one of the few brokers with this policy) not because of the margin watcher. I don't think FXCM can win if they sue the traders for the negative balances because ...

FXCM Discussion

FXCM has a no debit policy. They explicitly say on their site they will credit all debit balances. So the clients don't owe money to FXCM because of this policy. In the risk disclosure they also say FXCM won't make traders liable for negative ...

FXCM Discussion

They explicitly say on their site that they will credit debit accounts to a zero balance. I think they have no chance of winning if they sue traders because of what is written on their site. And if they refuse to credit the account to a zero balance ...

james16 Chart Thread

I don't like to lose all my account. This is why I trade forex with FXCM and I don't deposit all my money. So let's suppose I deposit only 20% of my trading money. If I lose more than this due to a gap FXCM will cover the losses. If I would have ...

james16 Chart Thread

On daily it appears there is no gap but on smaller time frames the gap can be seen (depending on the broker, on plus500 I also don't see the gap on 1hr charts but I see on 15 min charts). In fast market conditions even if there is no gap because of ...

james16 Chart Thread

Stop loss is of no use if a huge gap forms. Especially if you trade small time frames you can not only go broke but lose more than the deposit. For me it's very important to trade with a broker where you can't lose more than the balance. ...

james16 Chart Thread

When I started trading I was reading too many forums/books and didn’t watch the charts too much. Now I put the most emphasize on what charts are telling me, not on what strategies others have. I trade price action but my strategy is quite different ...

james16 Chart Thread

Yes, you should see what works for you. Management of a trade depend very much of the trading style one has. For someone who's picky and trades only very good setups a trade management might be better than another. For someone who's less picky ...

james16 Chart Thread

Here is a setup I traded from AUD JPY daily. A pin bar that was rejecting the previous swing low. What I didn't like at this setup is that the pin bar was smaller than the previous bar. For me usually it's a must that the pin bar should be bigger ...

james16 Chart Thread

Ghous has made a good post about news: url "You have a point but I don't think its something you can generlize for all news events. Most of the fundemntal activity is more closely tied to the technicals than is obvious. This happens because of the ...

james16 Chart Thread

What does predicting the price mean? Predicting where price will 100% go or predicting where price is likely to go?

Do you believe this market is random?

I've made yesterday a thread on 2+2 about something similar: url Quote from the book "Gambling theory and other topics" by Mason Malmuth: “what Caro is actually saying is that in the absence of knowledge, events not only can be considered random, ...

Do you believe this market is random?

I said something stupid here. The market is random ALL THE TIME. A random event is an event where you don't know for sure where price will go. So the market follows a random walk all the time. An exception may be if you have some inside information ...

Do you believe this market is random?

The reason there are many failing retail traders is this: quote from David Sklansky, a gambling expert: “Let me make clear that it is not illogical to believe that a TA tactic can work.... If there is plausibility to this tactic and statistical ...

Do you believe this market is random?

I also don't look at news. I use only technical analysis but the price doesn't move because of a pin bar or other TA. TA traders don't have a lot of money to move the market. They just try to anticipate what the big players may be doing. Here is a ...

james16 Chart Thread

Supply and demand is the reason why price moves, not technical analysis. We use TA to predict where the price has a bias to move, but the price doesn't move because of TA (the big players in the market who move the price don't even watch technical ...

james16 Chart Thread

80% win rate on 1:1 RR has a better expectation than 30% win rate with 4:1 RR. Assuming you risk 100$/trade, 0.8*100 - 0.2*100 = 60$ on average/trade, and in the other case 0.3*400 - 0.7*100 = 50$ on average/trade. It's theoretically right to risk ...

james16 Chart Thread

The ideas from my first post contradicts that the more people who knew about a strategy the better it would be. I've read about these ideas from a gambling expert. But he didn't explain all the logic. I don't even know if this is a game theory ...

zero-sum game question

I know this. The question is more a theoretical question, not a practical one. I'm not talking only about retail traders, I'm talking about all traders.

zero-sum game question