Interesting. There seems to be a lot of us from Adelaide. That is rare. ))

AUD/USD

Your calculation is close enough, except I don't have swaps, because I don't use leverage.

AUD/USD

Don't look at Fed or Dow. China is the main story for AUD. And China is just starting to go down. Though you are doing the right thing, but to early in my opinion.

AUD/USD

I'm not bagging it, because it's not low enough.

AUD/USD

Hey guys. I just don't get it. I'm short AUD since mid July of last year. How can somebody in his right mind go LONG against such a big trend. I'm not a scalper, so I might not understand this. But the long trend is DOWN, economic fundamentals are ...

AUD/USD

Спасибо protuberanec Sometimes it is good to know russian.

james16 Chart Thread

Through the years you and Mike have showed us that you can trade profitable constantly. I don't think that there is a sane person who would like to make an inspection of your site to try to find faulty information about your trading. Thats just some ...

james16 Chart Thread

These are GREAT news. I believe in Jim and Mike for a 100%. Thanks guys and even though I'm only close to 4 years here, but I still think that joining your club was the best I have ever done with my trading. I'll follow wherever you lead Jim.

james16 Chart Thread

I've got my money the next day, both from AUD and USD accounts, but it was a week ago.

Brokers chasing you for negative account balance

I understand you Greeny loud and clear. So what you are saying is that IC Markets is a department store broker? Maybe but they were quite good and reliable before this. I know I'm a small fish in this pond, but believe me 400k is enough money to ...

Trading as a company in Australia

And believe me it happened once, it will happen again. I saw a lot of that when I was trading CFDs, and that's why I moved to forex in 2005, but now I see it on forex two. Yes forex is my passion, I really and truly love it, but I'm not a suicide ...

Trading as a company in Australia

Thanks Greeny. I haven't lost anything I even gained 4k out of it. BUT. I was using Australian IC Markets and they had a bearish candle on the USD/CHF pair on the 15th of January On 1 hour time frame which extreme was as low as 0,06460. The previous ...

Trading as a company in Australia

What about insurance? Can you insure the rare happening event of a negative balance somewhere? Trading as a company or as an individual trader?

Trading as a company in Australia

So as I understand you correctly a broker will decline an application from your company unless the director of the company makes a written statement that his company is liable for a possible negative account balance and the Director is ready and ...

Trading as a company in Australia

Thank you Greeny and Copernicus as always. Finding a good account seems vital. Can you share some tips on finding one who can help with the company structure, because as an individual trader with no other income I was happy to service myself without ...

Trading as a company in Australia

Yes two of them asked me about my Australian assets, but that was 10 years ago, I don't change brokers often. To me such small leverage is not good, even though my accounts were more than 100k I still wouldn't like to have such exposure with my ...

Trading as a company in Australia

So it means that if you get a negative account for several hundred thousand trading as a company you will still keep your house because it is in a separate family trust. If that is the case then this structure can protect your other assets. But when ...

Trading as a company in Australia

Thanks for your time. You are the best. In the meantime I will find out all the information about a company structure for trading according to your advice. I will closely monitor the outcome of this investigation. You have made my day. Happy trading.

Trading as a company in Australia

That's good. Because if ASIC will let IC Markets and others who made that error get away with it, retail forex will loose not only me. I will wait till the outcome of this case, than I will make a decision. Thank you again, you are great. Few last ...

Trading as a company in Australia

Thanks again. In my 10 years of trading I never lost my deposit even when I started out. But this situation now in unpredictable. What you say about ASIC in theory is interesting, but what about practice. Had these problems happened before? Was ...

Trading as a company in Australia