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  • #5,841
  • Jan 8, 2020 11:42am Jan 8, 2020 11:42am
Quoting pipmaster77
{quote} This is exactly why you shouldn't trust them. They forgave negative balances because they are on the other side of your trade. It's like betting with a bookie where he has control on the outcome of the game. This is why so many brokers took a hit and even went out of business. Those were the true DMA brokers not holding the other side. So, yeah, of course they were able to forgive negative balances, THEY WERE HOLDING THE MONEY.
Yes OANDA was holding the money but then all brokers hold the money of their customers. Yes OANDA forgave negative balances but you forgot to state that OANDA also paid the traders that had positive balances on these trades. All brokers including OANDA took a hit but was strong enough to continue operations as usual.

OANDA is a market maker so it has to take the opposite side of all trades no matter how big the trades are if it doesn't have enough trading volume on that opposite side of the trades. Anything wrong with that?

If you don't mind please answer this simple question. Would you rather trade with a broker that is regulated, makes good profits and has lots of liquidity or a broker that is regulated or not, makes low profits and is always on the verge of bankruptcy? By the way 3 brokers went bust on me over the years, 2 of them were regulated and I got my money back. By the way it took 16 months to get my money back when Alpari UK went bust. I lost over $46,000 with the other broker that was not regulated. Well I learned from this mistake
  • #5,842
  • Jan 9, 2020 2:12am Jan 9, 2020 2:12am
Quoting Hutch
{quote} Yes OANDA was holding the money but then all brokers hold the money of their customers. Yes OANDA forgave negative balances but you forgot to state that OANDA also paid the traders that had positive balances on these trades. All brokers including OANDA took a hit but was strong enough to continue operations as usual. OANDA is a market maker so it has to take the opposite side of all trades no matter how big the trades are if it doesn't have enough trading volume on that opposite side of the trades. Anything wrong with that? If you don't...
Lots of traders don't understand brokers. Even if they figure out the mechanism they will still see conspiration, theft, rigged games... even at the old, big, reputable, regulated brokers.
Very simple why, losers need so bad to put the blame on someone else for their own incompetence/misfortune.
And the banks and the brokers are the most convenient to put the blame on
Member
  • #5,843
  • Jan 9, 2020 1:58pm Jan 9, 2020 1:58pm
Quoting TudorIoan
{quote} Lots of traders don't understand brokers. Even if they figure out the mechanism they will still see conspiration, theft, rigged games... even at the old, big, reputable, regulated brokers. Very simple why, losers need so bad to put the blame on someone else for their own incompetence/misfortune. And the banks and the brokers are the most convenient to put the blame on
Good analysis. I read one day that if you give 10 traders the best strategy in the world explaining all the rules only 3 or 4 of them will be profitable. The reason for this is that some of them won't have the patience to learn the strategy properly; others will change the rules to suit them while others will not follow the rules by entering into a trade too early or exiting when the trade goes into a drawdown while, if they had waited, the trade would have been profitable. The bottom line is that lack of patience and fear and greed will ruin any good strategy.
  • #5,844
  • Jan 9, 2020 4:11pm Jan 9, 2020 4:11pm
Quoting Hutch
{quote} Good analysis. I read one day that if you give 10 traders the best strategy in the world explaining all the rules only 3 or 4 of them will be profitable. The reason for this is that some of them won't have the patience to learn the strategy properly; others will change the rules to suit them while others will not follow the rules by entering into a trade too early or exiting when the trade goes into a drawdown while, if they had waited, the trade would have been profitable. The bottom line is that lack of patience and fear and greed will...
Interesting... I would also add that this might be optimistic, I would be surprised if more than 1 of 4 would be profitable in your story. Have seen this before. It seems like some people do not want the money due to unknown factor(s), some think they don't deserve it, do not have the patience, as you say, have fixations, OCDs, rules, ego-trip (the costliest thing)... Have seen all this before.. As I was explaining knew a good trader but had so many rules so even with "signals" it was almost impossible for him to make money.. Trading is hard as it is without adding one of the most expensive things out there (ego with all its derivatives, fixations, superstitions)...
One of the classical examples are... people like to brag/talk.. so in your story... imagine if one/some of those 10 traders would start to BRAG about the strategy... markets would adapt... also imagine you would have to ADD that everything must be divisible by 3... the times, profits, returns or whatever... That is why, I believe, the traders should be ONLY focus on money/profit when trading, put everything secondary... Most people forget that... This is what I was explaining in my thread "Why are we here"... https://www.energyexch.com/showthread.php?t=943393 Since I saw many illogical things about this, also here..
Can you afford to take that chance?
  • #5,845
  • Jan 9, 2020 6:45pm Jan 9, 2020 6:45pm
Any1 else getting 4x fee instead of 2x of "Financing" on weekend open trades?
  • #5,846
  • Jan 9, 2020 9:19pm Jan 9, 2020 9:19pm
Quoting zOrO2kX
Any1 else getting 4x fee instead of 2x of "Financing" on weekend open trades?
no, which pairs are you talking about. if its jpy, theres a holiday next Monday, 13 Jan
  • #5,847
  • Edited 3:19am Jan 10, 2020 3:07am | Edited 3:19am
Quoting Hutch
{quote} Good analysis. I read one day that if you give 10 traders the best strategy in the world explaining all the rules only 3 or 4 of them will be profitable. The reason for this is that some of them won't have the patience to learn the strategy properly; others will change the rules to suit them while others will not follow the rules by entering into a trade too early or exiting when the trade goes into a drawdown while, if they had waited, the trade would have been profitable. The bottom line is that lack of patience and fear and greed will...
There are a million reasons why traders lose money, ...but all of them are irrelevant from their personal perspective as long as they use to blame someone else

First thing you need in learning something, anything, is: Understand and accept that YOU were wrong. That's about strategy, sure, but also about choices if you are sure that someone is stealing from you ...like understanding that gambling is not for you, choose smart and walk away, ...is not their fault because they are stealing from you, it's your fault because you accept that ...it's true !
If you choose not to walk away, don't put the balme on crooks, put the blame on YOU !

Otherwise there's no progress in your life, just only nervous energy spent with hating someone else
Member
  • #5,848
  • Jan 10, 2020 8:05am Jan 10, 2020 8:05am
Quoting auricforecas
{quote} Interesting... I would also add that this might be optimistic, I would be surprised if more than 1 of 4 would be profitable in your story. Have seen this before. It seems like some people do not want the money due to unknown factor(s), some think they don't deserve it, do not have the patience, as you say, have fixations, OCDs, rules, ego-trip (the costliest thing)... Have seen all this before.. As I was explaining knew a good trader but had so many rules so even with "signals" it was almost impossible for him to make money.. Trading is...
I read your thread and it makes a lot of sense. Nice to tell us what you really do as shown in the last picture of your thread below. Nice weekend to you and all traders.
https://www.energyexch.com/showthrea...6#post12576856
  • #5,849
  • Jan 10, 2020 9:08am Jan 10, 2020 9:08am
9:06 am 1/10/20

Oanda's price manipulation on CHFJPY IG vs. Oanda I also checked Fxpro spread it was 2.5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Annotation 2020-01-10 090610.png Size: 53 KB
who dares wins
mashFX DSRII Return This Year: na
  • #5,850
  • Jan 10, 2020 9:42am Jan 10, 2020 9:42am
Quoting mashfx
9:06 am 1/10/20 Oanda's price manipulation on CHFJPY IG vs. Oanda I also checked Fxpro spread it was 2.5 pips {image}
Have you ever tried sports betting ? ...roulette ?
Member
  • #5,851
  • Jan 10, 2020 9:54am Jan 10, 2020 9:54am
Quoting TudorIoan
{quote} Have you ever tried sports betting ? ...roulette ?
no, why?
who dares wins
mashFX DSRII Return This Year: na
  • #5,852
  • Jan 10, 2020 11:08am Jan 10, 2020 11:08am
Quoting mashfx
9:06 am 1/10/20 Oanda's price manipulation on CHFJPY IG vs. Oanda I also checked Fxpro spread it was 2.5 pips {image}
Its called widening spreads and they do this for years. They even have tool called Historical Spreads where you check maximum possible spread for any pair and adjust your risk accordingly. Do your homework
  • #5,853
  • Jan 10, 2020 12:18pm Jan 10, 2020 12:18pm
Quoting johnnycash
{quote} Its called widening spreads and they do this for years. They even have tool called Historical Spreads where you check maximum possible spread for any pair and adjust your risk accordingly. Do your homework
I don't have to do any homework! I just showed IG spread vs. Oanda's @ that time and Oanda was probably doing stophunting.
who dares wins
mashFX DSRII Return This Year: na
  • #5,854
  • Edited 1:07pm Jan 10, 2020 12:35pm | Edited 1:07pm
Quoting Hutch
{quote} I read your thread and it makes a lot of sense. Nice to tell us what you really do as shown in the last picture of your thread below. Nice weekend to you and all traders. https://www.energyexch.com/showthrea...6#post12576856
Yeah man, you prove my point in that thread down to a point. You see, I do not care the insults or anything, as long as I make the money out of trading at the end of the day... Some should learn this, if it is even possible to learn it.. I suspect it might be to built-in into personality too much to change it... Some prefer to go down than to let ego aside... I do not care who is right, who was wrong or whatever, how many insults I take or whatever... I only ask... will this make me more money, more profits or not... I am the wrong user here for cockfighting... You keep insulting as long as you bring the juice... If you don't and keep insulting then the conversation could serve no purpose anymore, if the main objective is money, right? Take care man... And yes, you are right... therefore I prefer not to watch tick-by-tick... I know what I might be good at and what not... Should you change the tone, we might continue. Either-way I will give you the gift... You are absolutely right... and I might be absolutely wrong.. Feels good? But that is irrelevant to me.. What matters to me is the ALPHA (profits), the rest is the noise in trading... Very simple.. Simple truths are hardest to grasp, peace

To others also..
Guys you won't believe what deals have I seen go into the toilet, missed opportunities, due to an ego... Some traders didn't want to follow another epic winner because it was not their idea... It is crazy, to me at least... I mean I do not care who brings it, just bring it... As long as we can all make money out of it? But that is very hard for quite some, you would not believe Seen a guy that would rather be broke than to admit some other guy had/have it... and could trade his ass along the way to a good money or FU position... but the ego didn't let him... As you can see many times, even in this forum or thread... People like to egotrip and forgot why are they here.. if they had a clue in the beginning anyway... Hence I re-confirm my statement... many are not here to win or the ego doesn't let them even if they maybe are here to make money... If it is not their precious ego-made idea anyway And as always, it can be your idea, your dog's, cat's or whoever, can call me dumb or whatever you like... Just bring the juice so we can all shave the profits out of the epic market and we can be free

Sorry for offtopic guys
Can you afford to take that chance?
  • #5,855
  • Jan 11, 2020 2:53am Jan 11, 2020 2:53am
And I say that blaming the system for your wrong approach and rank this up as "trading expertise" is insulting.
Oh, sorry, it must be my diabolic ego !
Member
  • #5,856
  • Jan 11, 2020 8:25am Jan 11, 2020 8:25am
Quoting Hutch
{quote} Yes OANDA was holding the money but then all brokers hold the money of their customers. Yes OANDA forgave negative balances but you forgot to state that OANDA also paid the traders that had positive balances on these trades. All brokers including OANDA took a hit but was strong enough to continue operations as usual. OANDA is a market maker so it has to take the opposite side of all trades no matter how big the trades are if it doesn't have enough trading volume on that opposite side of the trades. Anything wrong with that? If you don't...
What I would like is to be able to trade with a regulated broker who is not a market maker. You know, freedoms like the rest of the world have. In the US, our options are reglated market maker (complete joke) or offshore ECN. Market maker might not make a difference on small accounts, but on large accounts they are going to get dirty on you....after all when you win, they lose. A profitable trader with an account of 10K+ should never use a market maker broker.
  • #5,857
  • Jan 11, 2020 9:19am Jan 11, 2020 9:19am
Quoting auricforecas
{quote} Yeah man, you prove my point in that thread down to a point. You see, I do not care the insults or anything, as long as I make the money out of trading at the end of the day... Some should learn this, if it is even possible to learn it.. I suspect it might be to built-in into personality too much to change it... Some prefer to go down than to let ego aside... I do not care who is right, who was wrong or whatever, how many insults I take or whatever... I only ask... will this make me more money, more profits or not... I am the wrong user...
I apologize if you took my post as an insult. I really like Fry and found it funny that you compare his actions to yours I agree with you that some people might be here on an ego trip but those people are on an ego trip everywhere. Ego trip or not we are all is to make money … well I hope!
  • #5,858
  • Jan 11, 2020 9:26am Jan 11, 2020 9:26am
Quoting johnnycash
{quote} Its called widening spreads and they do this for years. They even have tool called Historical Spreads where you check maximum possible spread for any pair and adjust your risk accordingly. Do your homework
You're totally correct. Too bad some people complain because they only want to be spoon fed like babies instead of finding the facts themselves
  • #5,859
  • Jan 11, 2020 9:29am Jan 11, 2020 9:29am
Quoting Hutch
{quote} You're totally correct. Too bad some people complain because they only want to be spoon fed like babies instead of finding the facts themselves
One of the dirty tricks, you guys are oblivious. If oanda widens there spreads, and you have 2-3 other brokers side by side who did not, why trade with the broker playing dirty? Just because they disclose it, doesn't make it OK.
I am a profitable trader, I am not here to blame the broker. I actually have an Oanda account along with 3 offshore brokers (because I am from US, do not have a choice). You wouldn't believe the things I see on my Oanda account that I do not see on my other brokers platforms.
  • #5,860
  • Jan 11, 2020 9:55am Jan 11, 2020 9:55am
Quoting pipmaster77
{quote} One of the dirty tricks, you guys are oblivious. If oanda widens there spreads, and you have 2-3 other brokers side by side who did not, why trade with the broker playing dirty? Just because they disclose it, doesn't make it OK. I am a profitable trader, I am not here to blame the broker. I actually have an Oanda account along with 3 offshore brokers (because I am from US, do not have a choice). You wouldn't believe the things I see on my Oanda account that I do not see on my other brokers platforms.
pipmaster77, can you suggest an offshore broker that you like? You can pm me if you do not want to disclose it here, for whatever reason.
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