moneycoder's Posts

Oanda versus FXCM in General Feb 11 2015 at 07:31

Hi Jason, I think the change that FXCM has made was to remove the "Premium account" which was a $5,000 minimum. With that gone from the web page, the $25,000 Active Trader account now sits where the "Premium Account" column used to sit. That's what threw me off I guess and why it appeared like the $5000 minimum was raised to $25,000.http://www.reviews-fx.com/forex-brokers/fxcm-review/Thanks

Oanda versus FXCM in General Feb 10 2015 at 14:40

You do make some good points, however I think it's critical when comparing which broker got nuked and which ones didn't, to consider why???Some brokers did very well, but at the expense of their clients losses. That's apples and oranges. A STP broker takes honorable losses and a Dealing desk takes dishonorable profits. They should not be compared like that imo.To compare STP brokers with eachother and Dealing Desk brokers with eachother, would be fair. That comparison would hold true value imo. The same goes for earnings. Comparing a NDD with DD in earnings is irrelevant to a trade...

Oanda versus FXCM in General Feb 10 2015 at 07:48

I believe it's non-core assets their selling. Not the retail side.the bucketshops did come out like a rose, but at the expense of their clients, I think that stinks even worse than a pile of poop.They profited from their clients losses, and direct conflict of interest which should be offered back in rebates imo.

Oanda versus FXCM in General Feb 10 2015 at 07:46

Hi Jason,Could you comment on the recent Euro slams effects at FXCM and what FXCM has done to prevent a repeat. Specifically the concern is for USA clients who are victims of the over leveraged off-shore higher leveraged accounts at FXCM. I realized FXCM bailed out many of it's clients after it occurred, but that in itself also concerns me. Because what then will stop them from doing it again? If they didn't have to pay for their margin call's or even get one, then why wouldn't they do it again?I noticed after the event the "Active Trader" minimum at FXCM went from ...

Your preference - what leverage to prove a system and still control risk? in General Feb 08 2015 at 07:40

I would ask this though. What would that 1 lot loss have been if one had been stuck long, in the euro during the cliff dive a week or so ago? Many couldn't get filled to get out fast enough. The higher leveraged accounts would have just escalated the losses automatically, but a lower leverage account should have closed the account before it could reach astronomical , catastrophic losses

Your preference - what leverage to prove a system and still control risk? in General Feb 08 2015 at 07:39

My reason for asking was not so much for myself, but to gauge what most people would prefer, for instance when following a trading system or trade copier. My System uses between 7 and 10 leverage. I want my system to be appealing to others, as far as risk appetite goes. I think I may start a new thread as well, to find out what is the best site(s) to use to make the most money from allowing trade copying of my [hypothetically profitable] trading system. In other words, if you have a successful trading system, and want to hook it up as a system that can allow others to copy the trades, what is ...

Oanda versus FXCM in General Jan 07 2015 at 08:06

Hi Evolutioncapital,I'm curious why you are considering leaving MB trading, if it is going well there? I've dealt with them myself but didn't care for their CS, and their spreads went crazy during high volatility events compared to another broker I was also using. ThanksJohn

Oanda versus FXCM in General Dec 11 2014 at 07:21

I do have another question in regards to both Oanda and FXCM. From this thread it looks like both pass the position to a third party thereby eliminating direct conflict of interest with the trader. I say "direct" conflict of interest because of course there is still possible ways to to have indirect conflicts of interest, such as third party "kick backs" and adjustments coming back to the broker, depending on outcomes of trades etc. An auto dealer for example can sell you a car at cost and state they didn't make a dime from you. However the auto factory compensates the ...

Oanda versus FXCM in General Dec 09 2014 at 08:05

I'm not sure I understand how taking the opposite side of a trade that goes against you can result in not taking a loss? If I win on a trade, then the person or company(even Oanda) that took the opposite side of my trade, took a loss. It's impossible to own something that goes down, and not have it devalue your account. On the other had, If a market maker owns something and it goes up, they can dump it and prevent themselves from making more. So they(Oanda) could dump their winning position(my losing position) to prevent their own profit if they choose. And I respect that. By them d...

Oanda versus FXCM in General Dec 09 2014 at 08:03

Yes, I've looked extensively, have you? I saw nothing that showed comparisons of spreads during high volatility periods. That's why I asked. If you know specifically where high volatility period spreads can be compared, please share. I also searched the net for more than an hour.ThanksJohnI also think the broker comparison tables would be far more helpful if they could be sorted by location. Comparing brokers that can't open accounts in your own country, with those who can makes no sense to me. jmho

Oanda versus FXCM in General Dec 08 2014 at 12:47

the problem I have with Oanda, is the inherent conflict of interest which exist between a Market Maker and a Profitable Trader. My success is their loss, so obviously they have to do things to control or limit successful traders. Look at it this way, if all Oandas Traders were successful, they would be out of business. If all FXCM's traders were successful they would be a thriving business. (since FXCM profits on executed trades, winners and losers). Oanda takes the other side of my trade, so the more I win, the more they lose. Thats the part that makes me cautious about using Oanda, Even...

Oanda versus FXCM in General Dec 08 2014 at 07:50

Hi Jason,If you could clarify a bit more on the account types at FXCM. I understand FXCM is a NDD, however that does not mean the third party liquidity sources you're using are not acting as dealing desks, either through algo's or other methods. Do all of the platform types, account types, and account sizes route to the same liquidity sources?Can you also tell if there are products other than currencies traded at FXCM? ThanksJohn

Oanda versus FXCM in General Dec 08 2014 at 07:50

Is there a site that has recorded broker comparison spread data, which was captured during high volatility periods? To me that would be the most helpful spread comparison data.

Oanda versus FXCM in General Dec 08 2014 at 07:50

Thanks ge,Great info. News times and high volatility is really the best time to see what a broker is really capable of. Things can seem equal between brokers during normal trading, but when the pressure is on, that's when the difference is seen. I noticed that with MBtrading, they seemed fine, until the market was juiced, then they fell apart.If I'm understanding your personal experience correctly it sounds like one broker delayed trading and the other had lagging data. Do you know if the FXCM trades were still correctly made. In other words, do you feel the report of the trades and da...

Oanda versus FXCM in General Dec 05 2014 at 11:45

Any comments or experiences please share. I don't see any Oanda reviews on this site. Looking for good USA broker.Thanks

Your preference - what leverage to prove a system and still control risk? in General Oct 21 2014 at 06:56

Thanks Dmitry,Presently I't runs at about 7 to 1 leverage, for my testing and training purposes. Set to a 5 pip spread, and from 6 to 3% stop.

Your preference - what leverage to prove a system and still control risk? in General Oct 20 2014 at 11:57

Thanks Ivan. I agree 10 is safe. I would question though, is it also enough to maximize Time and Potential. Safety without profit is no gain. Profit without safety is no gain either. Considering both sides of the equation are equally important to a successful system. Do you feel 10 is a satisfactory approach from a profit perspective as well? If you think about why someone would buy a system, it's obviously to make money, rather than primarily protect money. But we both know, if you don't protect it , you won't make it. Appreciate any further thoughts you have . You did make a good...

Your preference - what leverage to prove a system and still control risk? in General Oct 19 2014 at 07:02

Hi, thanks for peeking at this thread, I need your opinion.What do you consider reasonable and safe leverage, for a system to employ, that you would consider using and paying for?My system is nearly set to go cash live, and I'd like to know what you think, is aggressive to maximize time and profit, but still safe?Thanks for sharing your thoughts.John

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