@Jason: About the pound tonight... FXCM is ok ?
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8flow
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8flow
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Forward Testing Discussion Thread 241 replies
Disliked{quote} what broker did you end up chosing that is better than FXCM. youve must of had bad experience with them..Ignored
Disliked{quote} Hi 8Flow, below is info from our official release: http://ir.fxcm.com/releasedetail.cfm?ReleaseID=992668 FXCM Makes Special Announcement Following GBP Flash Crash Financial Position Remains Solid Trading Platform Functioned Normally NEW YORK, Oct. 07, 2016 (GLOBE NEWSWIRE) -- FXCM Inc. (NASDAQ:FXCM) ("FXCM" or "the Company"), a leading online provider of foreign exchange (FX) trading and related services, announced that FXCM's systems and operations functioned without material adversity during the GBP Flash Crash. FXCM's risk...Ignored
Disliked{quote} So I'm guessing that FXCM's new safety measures (I forget, what were those safety measures again?), kicked in within nanoseconds of the GBPUSD flash crash. But other than helping FXCM, did those measures help traders from getting large negative accounts?Ignored
Disliked{quote} Nope... just hundreds and hundreds of nightmares such as this: "I was a novice and had not placed sl. My acct of 15k was wiped out with 8k -ve equity! My long gbp was closed out at 1.106."Ignored
Disliked{quote} Unfortunately in these type of events even a stop loss might not be much help, specially if a stop loss is placed far from the current market price before some type of crash. I think I've herd traders talking about how their stops were simply skipped over do to insane price gaps. What can FXCM do about that, I'm sure Jason would basically say nothing can be done. So who's really at fault here; the naive trader, the broker, the banks/LP's, or all? We should all know how rigged the financial system is, where one hand washes the other and any...Ignored
DislikedHi Jason, any particular reason the USD/MXN opened 3 hours and 40 minutes later this week? Both on demo and real accounts. {image}Ignored
Disliked{quote} More than likely, there were too many positions in profit, so they froze until those trades had less profit or a loss. Just guessing thoughIgnored
DislikedBut I still think it would be good if it would be possible to have a USD demo, NDD, commission based.Ignored