Posts de theHand - Page 15

Oanda versus FXCM dans Général Feb 10, 2015 at 02:28

Just to put things into perspective and admittedly this is the first link that comes up when I google FXCM's profit, there might be more up to date info, non the less....:"Overall, FXCM reported earnings of $2.1 million, or five cents a share, down from $6.9 million, or 24 cents a share, a year earlier."http://www.marketwatch.com/story/fxcm-profit-down-70-as-trading-revenue-falls-2014-05-08This is the revenue from a company that had to make a $300 000 000 loan to meet their legal obligations...

Oanda versus FXCM dans Général Feb 10, 2015 at 00:26

Mmmm...You guys do know this debate got settled by CHF ?FXCM took $250 000 000 bath on that and for all practical purposes is insolvent. They had to borrow $300 000 000 just to keep going and is up for sale. It will take them years to pay back that loan in a best case scenario. Next time there's an event like that, which is very likely in current market conditions, they're gone. So the bucket shop came out smelling like roses while the listed ECN behemoth barely scraped trough. I wouldn't touch FXCM with a bargepole right now. The sharks are circling already.No offense @jasonrogers...

Making sense of a rise in price (AUDUSD) dans Général Jan 13, 2015 at 14:51

Aliens has about as much to do with trading as some random guys trading statement. Not rocket science this.

Making sense of a rise in price (AUDUSD) dans Général Jan 13, 2015 at 11:06

Admittedly I didn't see "The great statement of illumination." Pity, could have saved me a decade of work. Then I didn't need insights like "...it doesn't matter why shit moves, you'll never know anyway unless you're the guy making it move..."

Making sense of a rise in price (AUDUSD) dans Général Jan 13, 2015 at 10:23

Got to keep him sweet mate, he must bring his ninja system and his money. How we earn a living, off the old Dunning Kruger effect...

Making sense of a rise in price (AUDUSD) dans Général Jan 13, 2015 at 10:12

I'm Mr. Dumbass to you...

Making sense of a rise in price (AUDUSD) dans Général Jan 12, 2015 at 17:45

I saw an alien once. Point is for @phenomenon90 's benefit and not your ego, that he doesn't really need to understand or even know why something's doing what it's doing to make money from it. Why is oil down so much ? Who knows, but it's cheap, get some. Simple as that.

Making sense of a rise in price (AUDUSD) dans Général Jan 12, 2015 at 15:10

I also know people who do things. They all swear by their things. Doesn't mean they have any idea better than the next guy.I saw it years ago, get a few guys in a chat room, get them to make calls, different methods, different calls, often apposing, you come back few years later they're still there calling against each other and everyone of them is making money and they'll all swear by their calls, even though it's derived from different methods. Reality is it's not their calls that's making the money. Investec proves this every year, guy in a monkey suit throws darts a...

Making sense of a rise in price (AUDUSD) dans Général Jan 12, 2015 at 13:33

Your premise is flawed mate. You can hide most activity by simply spreading it out over time. That's before Bernanke or banker of the day wants a market move and then talks it into the direction he wants or dumps 500T of gold they don't have early Monday morning. And as you pointed out there are no accurate volumes for fx. No mambo jumbo big word this, big word that, is going to help in current market conditions.

Making sense of a rise in price (AUDUSD) dans Général Jan 12, 2015 at 06:30

@phenomenon90 It doesn't help to try do fundamentals in markets that's this openly and heavily manipulated. Normal market forces are not at work and is unlikely to ever be unless people start going to jail, and that's unlikely to happen. Do you know why your car runs ? Do you really need to know ? You put fuel it goes....Fx is a bit like that. I don't know why AUD is moving I don't really care either. Just doesn't matter. You can't predict fx, you can't read it. Your average hedge fund life span is about 5 years, so neither can the guys who spend millions hiring...

Merry Christmas dans Général Dec 26, 2014 at 17:24

@RSTrading Sadly my brain and thus insights don't stop on christmas. I just call it as I see it, trading or otherwise.

Merry Christmas dans Général Dec 25, 2014 at 12:02

@RihanSo people keep telling me, but please do spare a thought while you feast today with those relatives you were to busy to talk to this year for the couple of billion people who will go hungry tonight and sleep rough. Might be your turn next mate, the great reset is upon us.Of course you do realise, I hope anyway, for you to have a christmas there has to be inequality. I guess perspective is everything.I can't think of a more vivid example of everything that's wrong with this world than christmas.

I'm new to Forex trading and looking for some advice dans Nouveaux traders Dec 22, 2014 at 05:55

@Lswilliams The best broker for you (small manual trades) be Oanda. They also display information like position values which helps you make better informed choices than the MT brokers do and display more information relevent to your positions. Forget about news. By the time you see it on TV or the web it's way to late. And thus you have to guess the result before the release and then predict the markets result to the news. That's a double guess, not a strategy you could build a future on. In these heavily manipulated markets the news is what is what the people in power wants it to be ...

Oanda versus FXCM dans Général Dec 18, 2014 at 07:02

@evolutioncapital Oanda has the best reputation of all the fx brokers, I think it's a bit short sighted and unfair to simply class them as a "bucket shop, stay away".

Oanda versus FXCM dans Général Dec 13, 2014 at 06:08

@240Z The difference is actually more significant than it first appears to be, I can compound x1000 faster on Oanda. Looking at a few hundred percent difference over a year or two. I did a demo with FXCM, but as I said, trade sizes is what clenched it, if I had $100k lying around sure I'd also open a FXCM account, but with what I have in the market today it's just better to focus on the guy that lets me compound the fastest. @togr I very seriously doubt you can use more than Oanda's pathetic leverage and survive long term. @everyone elseThe answer to this question is most likely y...

Oanda versus FXCM dans Général Dec 12, 2014 at 05:49

@jasonrogers The only reason I don't have a FXCM account is your trade sizes. I was supposed to become a client with IBFX's demise, but declined the transfer and shifted my focus (and money) to Oanda's API. The main difference is to test ideas live, with O I can put down $1k and trade 1 unit trades if I have to, with you I'd have to put down $10k to do the same test. Then of course if the test does work I already have the code for O so I just use them. You guys should look at having account types that can be used like this. 10 000 unit lots and 0.01 as IBFX had it would be good...

Oanda versus FXCM dans Général Dec 11, 2014 at 07:36

@moneycoder John you need to look a bit past that. MF Global comes to mind. It's my opinion that Oanda is in fact in very deep shit. Wether they can turn it around remains to be seen (they have new management), but they have very few positive months in their cash flow. They've burned through $100 000 000 in 18 months with nothing to show for it, just a bunch of cancelled products and the failed purchase of Currensee being the last one. They still think their spread is competitive as you can see by their response here when it clearly isn't. And they've ruined the flags ship prod...

Oanda versus FXCM dans Général Dec 09, 2014 at 13:43

@moneycoder High volatility periods happen a lot less than normal volatility periods. We're talking 20/80 here, so it's the wrong thing to focus on. I've posted a link to costs including commission in a normal session. It was done by somebody whose been making a living trading full auto for the last decade, so those figures are as good as it's going to get. As for O's model, what they do is they take their entire book and square it. They set off buys against sells on all pairs for all clients, whatever is left they go hedge in the open market so they don't carry risk. T...

Oanda versus FXCM dans Général Dec 09, 2014 at 06:05

@OANDAhelps Hi Oanda Team, When are you going to do something about your spreads? A direct comparison to FXCM shows your about 200% to 300% more expensive.And for the record this is not my comparison: http://screencast.com/t/BBxcIjAcqAnd when are you going to take out those delays you wrote into the platform? Your closeall function is so slow you can't even get out fast enough to keep the profit you had. Takes me anything from 30 to 60 seconds to get out. Used to be 1 second. I am an Oanda client, but like the rest of them I am extremely unhappy with what you've done with the place.

Oanda versus FXCM dans Général Dec 08, 2014 at 14:25

@moneycoder Oanda has repeatedly stated they do not make money when then clients lose. They will square the book up to a point and then pass the trades through to market. They do not act like your average MT broker and never has in the past. They've built their reputation on that.

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