I kind of wish we could get a status update on liquidity provision @ FXCM. Spreads on CHF products are still high - not that it affects my trading. I suppose just to satisfy my curiosity. I see that margin requirements on these pairs nearly ...

FXCM Discussion

Im typing this from my phone so bear with me. I think a lot of the freak out with FXCM is really unwarranted. According to their financials, they have roughly $1.2 billion in "customer funds". At the same time, they held roughly $136 million in ...

FXCM Discussion

That's a valid point. I don't regularly participate in this thread so I'm not familiar with his/their posting habits.

FXCM Discussion

I'm sure Jason Rogers (FXCM rep) gets notifications in his emails whenever replies are posted in threads. If he's anything like most of us, he probably does his emails on his phone. Given that he's their representative for just about every Forex ...

FXCM Discussion

I, for one, was on the winning side of yesterday's disaster. Contemplating whether or not to withdraw my funds. All sorts of buzz going around. I'm having no problems with my terminal or the MyFXCM logon. It's strange, aside from high spreads on CHF ...

FXCM Discussion

Lol, true. I'm sure lots of corpses will get scooped up by all the big fish now.

Trading Without a StopLoss

Brokers who act as market makers do have the ability to "guarantee" their stops. These are the shops that typically employ off-market rates for stop-running strategies. Personally, I've never used a broker like that. But even in an event like ...

Trading Without a StopLoss

Problem is, there's no such thing as a "guaranteed" stop loss in FX. I often wonder if anyone bothers understanding market microstructure before undertaking this endeavor. A stop loss order is a market order that triggers when a certain level is ...

Trading Without a StopLoss

I dunno about you, Geppy, but I call the US authorities every time something like this happens.

EUR/CHF

Bro.. You just annihilated your credibility.

EUR/CHF

I can't really attest to the SNB's action(s). I mean, I can agree that just dropping it on the world like that is going to have negative consequences somewhere down the line. I agree, in order to make money in the foreign exchange, one needs a ...

EUR/CHF

Yeah, man. I closed my book and I'm out till next week. In my eyes, the market needs time to shake this thing off. Believe me though, I completely understandthat I could have experienced the opposite results today. It's just a matter of not ...

EUR/CHF

That's an extremely valid point, lol.

EUR/CHF

Sharing my experience with FXCM: I trade a basket, 30 pairs, no stop losses. The basket index was showing downward signs over the last few days so I weighted most of my positions to the short side. Aside from the handful of little losses and gains, ...

EUR/CHF

I'm going through the forums and reading peoples' experiences regarding this huge price movement. Here's the thing, most of these folks had stop losses in play and guess what? Liquidity still bites them in the ass when they get triggered 200+ points ...

Trading Without a StopLoss

If ya can't do it right, don't do it. If ya wanna trade big positions with little money, don't do it. I for one, had a fantastic f***in' day.

Trading Without a StopLoss

Yeah, I suppose given how long prices hovered at 1.20 and never really broke upwards in a meaningful way would signify that, eventually, they'd let the floor out - from a technical standpoint, that is. Fundamentally I'm sure there were signs as ...

Trading Without a StopLoss

The Swiss were pegging their currency to the Euro at a 1.20 floor and they announced the end of it so, naturally, the Euro in EUR/CHF went where the rest of the Euro pairs are going; down.

The CHF tsunami - 15 January 2015

I figured I'd come in here for a second to see how many people would have said "The Swiss decision probably killed these idiots". Depends. (1) I trade a currency "index" (or "basket index") - my book has been 80% short since last week. The Swiss ...

Trading Without a StopLoss

Hi Jason, Quick question; I notice, in the "Market Watch" window on FXCM's MT4 platform that the new spreads are reflected in the numbers. However, on a chart, the new spreads aren't reflected and the bid/ask prices aren't even accurate. I'm not ...

FXCM Discussion