Jump to content

Starting

Members
  • Posts

    321
  • Joined

  • Last visited

Profile Information

  • Interests
    Cars, theater, travelling

Converted

  • Occupation
    Full time FX trader

Starting's Achievements

Newbie

Newbie (1/14)

115

Reputation

  1. Hello Mr. Progressapama, Noticed I can't enter a JadeFX forum anymore from the link on the JadeFX main web page. Was forum diminished? A bit weird to read postings where its not obvious that you're exact the person who established this brokerage back to 2009 and who is in best position to answer all queries of Indo-investasi good forum members in this thread. I feel I now lack of so needed transparency about JADEFX brokership, to make my own judgement if I feel I want to have business with it. Meanwhile, waiting for full operationing of Dukas MT4, as many good members here do.
  2. Re: Dukascopy Metatrader 4 platform http://www.dukascopy.com/swiss/english/forex/trading_login/marketplace_demo_login/
  3. Re: The Best MT4 Broker Recommended !!! Yeah.... having read below statements I found they're too good to be reasonably truth in my opinion, to run consistent business as a solid broker in FX. I can be wrong and I'm happy to be wrong here, but normally it happens when the business plan is poorly written or relies upon many people leaving their nano deposits inside. There is always a certain degree, a price, below which nobody will provide satisfactory service at FX. If someone says he will, I strongly doubt "why is that?". Guys, remember, this is you, who have money. Brokers compete with each other to get you as their client and your money, in the end, trading through them. Don't forget about your natural monopoly over making such decisions where you want to put your money for trading forex.
  4. Re: What's your strategy for coping with big losses? Mate, the only advice I can give you is to ALWAYS know your Stoploss and set it to ALL your trades immediately. Basically this is the level which you feel comfortable to lose some money from your account and still can continue to trade. Acting in such a way you will NEVER experience stress with big losses. If your trading strategy is profitable, your wins will add more to your account than all losses. So just accept losses happened due to Stoploss. This is not to say you have to put your Stoploss in 5-10 pips from OrderOpen price. Be realistic. If your target is 40-50 pips and you havn't missed nice entry point, just right after you got your trade confirmation, then place your stoploss 2-3 pips behind last fractal, you'll be okay in 90% of the cases. Good luck!
  5. Re: Forex4you I've being trading with them few months and I think they are not in their best shape. They shut down servers during news time, connection to servers is not stable and often gets broken, their technical support doesn't answer on claims. In principle, only cent account with small deposit can be of use to test new strategy. Currently no serious work is possible with them.
  6. Re: U.S. regulated Forex Dealer Members fx1001, Can you explain how quoted below comes from this new regulation I posted very below: Couldn't figure out myself, maybe English speaking friends can help. Part 2 - RULES GOVERNING THE BUSINESS CONDUCT OF MEMBERS REGISTERED WITH THE COMMISSION * * * RULE 2-43. FOREX ORDERS. (a) Price Adjustments (1) A Forex Dealer Member may not cancel an executed customer order or adjust a customer account in a manner that would have the direct or indirect effect of changing the price of an executed order except when: (i) the cancellation or adjustment is favorable to the customer and is done as part of a settlement of a customer complaint; or (ii) if a Forex Dealer Member's platform exclusively uses straight-through processing such that the Forex Dealer Member automatically (without human intervention and without exception) enters into the identical but opposite transaction with another counterparty (creating an offsetting position in its own name) and that counterparty cancels or adjusts the price at which the position was executed. (2) With regard to cancellations or adjustments made pursuant to section (a)(1)(ii), a Forex Dealer Member must: (i) provide written notification to the customer within fifteen (15) minutes of the customer order having been executed that it is seeking to cancel the executed order or adjust the customer's account to reflect the adjusted price provided by the Forex Dealer Member's counterparty, as applicable, and the written notification must include documentation of the cancellation or adjustment from the Forex Dealer Member's counterparty; and (ii) either cancel or adjust all executed customer orders executed during the same time period and in the same currency pair or option regardless of whether they were buy or sell orders. (3) Notwithstanding section (a)(2)(ii), a Forex Dealer Member may choose to honor transactions in which customer orders resulted in profits for the customers but must do so with regard to all similarly situated customers. (4) Cancellations and adjustments to executed customer orders must be reviewed and approved by a listed principal that is also an NFA Associate. Such review and approval must be documented by a written record, must include any supporting documentation, and must be provided to NFA in the manner requested by NFA. (5) A customer order is considered executed upon the earlier of the customer receiving notification of the execution price from the Forex Dealer Member or when the position established by such order is identified in the customer's account, whether electronically or otherwise. (6) If a Forex Dealer Member may cancel or adjust an executed order under the circumstances provided for in section (a)(1)(ii), the FDM must provide customers with written notice that the Forex Dealer Member may cancel or adjust executed customer orders based upon liquidity provider price changes prior to the time they first engage in forex transactions with the Forex Dealer Member. The notice may be included in a customer agreement. (7) Any provision in a customer agreement or any contract between a Forex Dealer Member and a customer that reserves to the Forex Dealer Member the right to make price or equity adjustments to a customer account except as allowed by this Rule is prohibited. (b) Offsetting Transactions Forex Dealer Members may not carry offsetting positions in a customer account but must offset them on a first-in, first-out basis. At the customer's request, an FDM may offset same-size transactions even if there are older transactions of a different size but must offset the transaction against the oldest transaction of that size.
×
×
  • Create New...