Everyone knows hows how brokers are, well the everyone i speak of is everyone that is over the hump and seated as a successful trader that has found where they need to be so they are not manipulated! Just remember not to put your self in a position to be manipulated you can cut down on these kind of situations if you don't give them a the chance to do it! Keep your hands in the vehicle and they won't get bit as much! Give them a chance and they will exercise every opportunity to take a fee!
80% of trading has nothing to with knowing how to make successful trades 80% of trading is knowing how the broker system works and how connection and data flows work and to know what kind of account and broker to have and to know to not get screwed!! The true answer is to become a member of the exchange you wish trade through with you your own access everyone know most brokers manipulate you on some level and that includes the biggest of names!
To repeat in part what i already said if you knew they were market makers why did you open an account there and to say again from the chart you show in this video you were making a bad trade to start with and walked away from it at the worst time and left the trade and account in a position to get a margin call and roll over fees on a busted account from which FXCM had to either take from your balance or if there was no balance left had to take pips from the only funds left, the open trade!!
I was thinking on how many got screwed up by this type of casino and lost money in a game with one winner.
Your video is a scam. You are indirectly advertising for a romanian forex brokerage. Your video used to directly advertise the bussiness is hilarious too. It can be found on youtube under another name- of course :) and on the brokerage site as a "tour" of the site. Now I have to ask myself: who is the biggest fraud?
@SuperUsed2. What's the scam? Who is the fx broker? What is the other name? I think you are mixing up things here. Please look again. But I did make a mistake when trying to reply to nadzorka2929 - I did it in the wrong place and I will change that. Thanks.
One of my comment sections didn't post was 80% of trading is knowing what brokers to be with how the system works and how to get proper access and understand why things happen!
@nadzorka2929 Thank you for your infinite wisdom..My point is that FXCM uses the Sync mechanism to steal extra money from you. You think you closed positions (on MT4) but they claim to have left them open on their internal system and then choose the worst price to close your positions again - with more losses for you!That is FRAUD and I want everybody to know it and I have no clue why you are telling me about all the statistics that everybody knows.Here is how I trade: hedging.ro
Good thing then so many people don't know how to trade to keep the market healthy and fat, you just have to make sure your not in the 80% that is clueless on how this business is operated! FYI scalpers are what keeps the liquidity pool liquid, if everyone held open positions for long periods you would never be able to close your trades because their would be nobody for you to hand your trade off too!
I will say this style is more like scalping which is a style not a crime and to be honest that's the only way the big boys trade they trade from market open and close out and go home at closing with positions closed! Lastly if you knew FXCM was a market maker why did you open an account with them? You should only be on a true ECN and better than that you should be a member of the exchange and get your own access! Making successful trades is only 20% of trading the other 80% of trading is----->
Yes FXCM has issues but i am focused on this video and situation! You should trade US market from 9:30am till no later than 2:00pm and that's it and if there is nothing to trade on than don't open a trade! People that can say outright i plan to make this amount today are kidding themselves you wait till the correct velocity and when you see an opening you start the trade make those pips then close!
If your chart freezes or the client strangely crashes and or your computer crashes and or your modem crashes and you lose connection and weird things like that than i would start to think there is something going on, and if there was crazy slippage but from what i see you just made a bad trade and was not responsible by leaving a trade open on it's own and having it open for market transition Transition equals fees they either take from your balance or take it in pips since your balance was bust
---->you have a stop set? I hate to tell you but with this chart and where you opened and was in a sell position then had no stops set and walked away not monitoring the trade then allowing a trade to cross over market transition shows you don't know how to trade at all and your balance falling to a margin call says this as well! Im sorry buddy im not trying to be negative with you but this is a horrific noob trade!! I think your misinterpreting what happened and was your fault!!
Looking at your chart and the two arrows where you say you opened the trade and the second arrow where the trade was closed you would have to be in a sell position to lose when the price rises! First why would you open a sell position at that point in time there was just a huge climb i would never open a position that deep into a rally it's almost like you didn't have a clue about velocity, and second why would you go to sleep with an open position and if you kept a losing trade open didn't---->
Listen to this guy. He is right on!!! I had similar experience with these CROOKS and they screw me over $400. I just closed my account with them a few days ago because of their shady practice. My recommendation is to find a broker that is neutral to you who doesn't care whether your win or loose. But you are are welcome to do whatever it is that you want!!!
The position and open orders are held with the broker not on the MT4 platform. It has to be so saved orders can be hit. MT4 is just a pricing and order entry system. The order is cleared and settled on FXCM's systems (and then offset against the market if they decide) For them to say that it was closed on MT4 but not their system doesn't make any sense. Wouldn't you need to have your machine running for that to be the case? Massive scam
Holla! Have you heard about the British Box Breakout (do a search on google)? Ive heard some amazing things about it and my cooworker got a ton of cash.
thank you @locojava. In fact I did resend my coomplaint to FXCM but they still got the same BS-answers. JUST STAY AWAY FROM FXCM - THEY WILL STEAL YOUR MONEY...
if you go the NFA site and type FXCM in the search field. it will give you the link to the case. i just noticed i cant put links on here. sorry this is like my second post on youtube. lol
I read FXCM LLC (US) was fined for similar cases. i dont know about fxcm UK. but here's the story ..On August 12, 2011, FXCM was ordered, to credit the accounts of its customers on their trades from and after June 18, 2008. FXCM shall provide verification to NFA of these credits. In addition, FXCM was ordered to pay $2,000,000 to NFA as a monetary sanction.
@BadhdadBadBoy....thanks Einstein. I can do the math. I was hedged on an other account...but that is not the point here!!! The point is that FXCM lets you think you closed positions and then they decided AFTERWARDS (over night)when they closed them, of course they choose the worst moment for you and the best moment for them as they make money from your losses. They use the "Sync-System" to take your money our of your account on the next day. THIS IS FRAUD. Did you get that ???
the bit about not closing on there platform because u where using mt4 is wrong gotta agree with u there homes......but bud u had 2 positions u doubled which means u risk was doubled ....u shoulda hedged it by taking the gbp/usd the other way.... man how could u have a trade open and doubled up and have each go 90pips against u....homes bad money managament......tut tut friend ,,,,,and as for reversals that your talking about with codex ....man ...fuck reversals homes ....fuck them......
@satjathamma...until the next day. Then they look what was the worst price over the night and close it that that price - so you loose even more to them (thats the trick) and the in the morning they use their Sync-System to take that extra money out of your account. If you dont get this fraud-scheme you deserve to trade with FXCM...BTW, if you have a 150% delta hedge on options parallel to your forex position you can run into margin as many times as you want an still make 50% profit...;-)
@satjathamma. You really dont know much about trading and even less about FXCM. Propbably you either work in their marketing department or you believe their commercials...If you took the time to find out you would be surprised. But in short: If you have a position that is running into a margin call and you close that position and you have a confirmation that it is closed - it should be closed right ? Now, FXCM has a second trading system where the position is NOT closed and they keep it open...
I really think you don't understand how FXCM work,
they are a STP straight through processing broker,
they are NOT hedging your trades so there is no conflict of interest,
Metatrader operate under another coding language MQ4 and is not compatible with tradestation so yes there is 2 systems, I don't understand how you can claim that the positions was closed twice? obviously any position can only be closed once unless you had identical trades in both platforms?
I am using FXCM's Strategy Trader, and am building EA's (expert advisers) with no problems, the data feed seems to be very accurate the slippage seems nominal (During normal trading desk hours) @ 2.5pips on AUD/USD and EUR/USD as well as UKX. so I do not know how this person is having said issues. and in addition you should only risk 5% of your equity no more.
Codex.FXCM makes it a bsuiness model to close your positions on MT4 and leave them open on the other platform (without you noticing). Then they watch overnight and in the morning they choose the worst price possible to "close again" your positions leaving you with an extra loss. Very clever but still FRAUD. Many brokers have more than one platform. What is closed on one platform is close on all. FXCM squeezes a little more out of you by "synchronising" later on. What a BS and you defend them?
Codex.Yes,no one should risk to get a margin call.The reason why I took the risk to get a margin call was that all indicators at that time were showing a reverse pattern to be imminent - and that was the case. I had 2 positions - to close one would have been enough to maintain the other. But dont get what I am saying: If I trade on MT4 and both positions are closed - thats it for me. I dont care about another system that they might use. Watch again because I dont think you understood my point.
sorry, I just realized I sound like a jerk. Not my intention. Still, I highly doubt that they are able to screw individual clients over like that. It would be a huge logistics nightmare.
3. I get what they are saying. The MT4 feed was different from the TS2 feed. That happens, and you should be aware of this. Just playing Devil's Advocate.
1. You shouldn't be opening trades that would put you in danger of a margin call. It's hard to see how that would happen if you were following solid money management practices.
2. The only reason to actually use Metatrader 4 or 5 for trading as opposed to just using the indicators is if you are using an automated Expert Advisor. If trading manually, why would you be executing your trades from it???
Everyone knows hows how brokers are, well the everyone i speak of is everyone that is over the hump and seated as a successful trader that has found where they need to be so they are not manipulated! Just remember not to put your self in a position to be manipulated you can cut down on these kind of situations if you don't give them a the chance to do it! Keep your hands in the vehicle and they won't get bit as much! Give them a chance and they will exercise every opportunity to take a fee!
nadzorka2929 1 week ago
80% of trading has nothing to with knowing how to make successful trades 80% of trading is knowing how the broker system works and how connection and data flows work and to know what kind of account and broker to have and to know to not get screwed!! The true answer is to become a member of the exchange you wish trade through with you your own access everyone know most brokers manipulate you on some level and that includes the biggest of names!
nadzorka2929 1 week ago
To repeat in part what i already said if you knew they were market makers why did you open an account there and to say again from the chart you show in this video you were making a bad trade to start with and walked away from it at the worst time and left the trade and account in a position to get a margin call and roll over fees on a busted account from which FXCM had to either take from your balance or if there was no balance left had to take pips from the only funds left, the open trade!!
nadzorka2929 1 week ago
Florian, I almost started crying at your story.
I was thinking on how many got screwed up by this type of casino and lost money in a game with one winner.
Your video is a scam. You are indirectly advertising for a romanian forex brokerage. Your video used to directly advertise the bussiness is hilarious too. It can be found on youtube under another name- of course :) and on the brokerage site as a "tour" of the site. Now I have to ask myself: who is the biggest fraud?
SuperUsed2 2 weeks ago
@SuperUsed2. What's the scam? Who is the fx broker? What is the other name? I think you are mixing up things here. Please look again. But I did make a mistake when trying to reply to nadzorka2929 - I did it in the wrong place and I will change that. Thanks.
ScoonyG 2 weeks ago
One of my comment sections didn't post was 80% of trading is knowing what brokers to be with how the system works and how to get proper access and understand why things happen!
nadzorka2929 2 weeks ago
@nadzorka2929 Thank you for your infinite wisdom..My point is that FXCM uses the Sync mechanism to steal extra money from you. You think you closed positions (on MT4) but they claim to have left them open on their internal system and then choose the worst price to close your positions again - with more losses for you!That is FRAUD and I want everybody to know it and I have no clue why you are telling me about all the statistics that everybody knows.Here is how I trade: hedging.ro
ScoonyG 2 weeks ago
Good thing then so many people don't know how to trade to keep the market healthy and fat, you just have to make sure your not in the 80% that is clueless on how this business is operated! FYI scalpers are what keeps the liquidity pool liquid, if everyone held open positions for long periods you would never be able to close your trades because their would be nobody for you to hand your trade off too!
nadzorka2929 2 weeks ago
I will say this style is more like scalping which is a style not a crime and to be honest that's the only way the big boys trade they trade from market open and close out and go home at closing with positions closed! Lastly if you knew FXCM was a market maker why did you open an account with them? You should only be on a true ECN and better than that you should be a member of the exchange and get your own access! Making successful trades is only 20% of trading the other 80% of trading is----->
nadzorka2929 2 weeks ago
Yes FXCM has issues but i am focused on this video and situation! You should trade US market from 9:30am till no later than 2:00pm and that's it and if there is nothing to trade on than don't open a trade! People that can say outright i plan to make this amount today are kidding themselves you wait till the correct velocity and when you see an opening you start the trade make those pips then close!
nadzorka2929 2 weeks ago
If your chart freezes or the client strangely crashes and or your computer crashes and or your modem crashes and you lose connection and weird things like that than i would start to think there is something going on, and if there was crazy slippage but from what i see you just made a bad trade and was not responsible by leaving a trade open on it's own and having it open for market transition Transition equals fees they either take from your balance or take it in pips since your balance was bust
nadzorka2929 2 weeks ago
---->you have a stop set? I hate to tell you but with this chart and where you opened and was in a sell position then had no stops set and walked away not monitoring the trade then allowing a trade to cross over market transition shows you don't know how to trade at all and your balance falling to a margin call says this as well! Im sorry buddy im not trying to be negative with you but this is a horrific noob trade!! I think your misinterpreting what happened and was your fault!!
nadzorka2929 2 weeks ago
Looking at your chart and the two arrows where you say you opened the trade and the second arrow where the trade was closed you would have to be in a sell position to lose when the price rises! First why would you open a sell position at that point in time there was just a huge climb i would never open a position that deep into a rally it's almost like you didn't have a clue about velocity, and second why would you go to sleep with an open position and if you kept a losing trade open didn't---->
nadzorka2929 2 weeks ago
Listen to this guy. He is right on!!! I had similar experience with these CROOKS and they screw me over $400. I just closed my account with them a few days ago because of their shady practice. My recommendation is to find a broker that is neutral to you who doesn't care whether your win or loose. But you are are welcome to do whatever it is that you want!!!
gabeseg2526 1 month ago
The position and open orders are held with the broker not on the MT4 platform. It has to be so saved orders can be hit. MT4 is just a pricing and order entry system. The order is cleared and settled on FXCM's systems (and then offset against the market if they decide) For them to say that it was closed on MT4 but not their system doesn't make any sense. Wouldn't you need to have your machine running for that to be the case? Massive scam
eliotsagor 2 months ago
Holla! Have you heard about the British Box Breakout (do a search on google)? Ive heard some amazing things about it and my cooworker got a ton of cash.
khushbujaindj 3 months ago
FXCM are a bunch of fucking scammers period...
jemibanez 4 months ago
thank you @locojava. In fact I did resend my coomplaint to FXCM but they still got the same BS-answers. JUST STAY AWAY FROM FXCM - THEY WILL STEAL YOUR MONEY...
DaScoony 4 months ago
if you go the NFA site and type FXCM in the search field. it will give you the link to the case. i just noticed i cant put links on here. sorry this is like my second post on youtube. lol
locojava 4 months ago
I read FXCM LLC (US) was fined for similar cases. i dont know about fxcm UK. but here's the story ..On August 12, 2011, FXCM was ordered, to credit the accounts of its customers on their trades from and after June 18, 2008. FXCM shall provide verification to NFA of these credits. In addition, FXCM was ordered to pay $2,000,000 to NFA as a monetary sanction.
locojava 4 months ago
@BadhdadBadBoy....thanks Einstein. I can do the math. I was hedged on an other account...but that is not the point here!!! The point is that FXCM lets you think you closed positions and then they decided AFTERWARDS (over night)when they closed them, of course they choose the worst moment for you and the best moment for them as they make money from your losses. They use the "Sync-System" to take your money our of your account on the next day. THIS IS FRAUD. Did you get that ???
DaScoony 5 months ago
the bit about not closing on there platform because u where using mt4 is wrong gotta agree with u there homes......but bud u had 2 positions u doubled which means u risk was doubled ....u shoulda hedged it by taking the gbp/usd the other way.... man how could u have a trade open and doubled up and have each go 90pips against u....homes bad money managament......tut tut friend ,,,,,and as for reversals that your talking about with codex ....man ...fuck reversals homes ....fuck them......
BaghdadBadBoy 5 months ago
@satjathamma...until the next day. Then they look what was the worst price over the night and close it that that price - so you loose even more to them (thats the trick) and the in the morning they use their Sync-System to take that extra money out of your account. If you dont get this fraud-scheme you deserve to trade with FXCM...BTW, if you have a 150% delta hedge on options parallel to your forex position you can run into margin as many times as you want an still make 50% profit...;-)
DaScoony 6 months ago
@satjathamma. You really dont know much about trading and even less about FXCM. Propbably you either work in their marketing department or you believe their commercials...If you took the time to find out you would be surprised. But in short: If you have a position that is running into a margin call and you close that position and you have a confirmation that it is closed - it should be closed right ? Now, FXCM has a second trading system where the position is NOT closed and they keep it open...
DaScoony 6 months ago
also if you get a margin call you are trading high above your capital, use money managment and you will be better off
satjathamma 6 months ago
I really think you don't understand how FXCM work,
they are a STP straight through processing broker,
they are NOT hedging your trades so there is no conflict of interest,
Metatrader operate under another coding language MQ4 and is not compatible with tradestation so yes there is 2 systems, I don't understand how you can claim that the positions was closed twice? obviously any position can only be closed once unless you had identical trades in both platforms?
satjathamma 6 months ago
I am using FXCM's Strategy Trader, and am building EA's (expert advisers) with no problems, the data feed seems to be very accurate the slippage seems nominal (During normal trading desk hours) @ 2.5pips on AUD/USD and EUR/USD as well as UKX. so I do not know how this person is having said issues. and in addition you should only risk 5% of your equity no more.
XDEVAustralia 8 months ago
Codex.FXCM makes it a bsuiness model to close your positions on MT4 and leave them open on the other platform (without you noticing). Then they watch overnight and in the morning they choose the worst price possible to "close again" your positions leaving you with an extra loss. Very clever but still FRAUD. Many brokers have more than one platform. What is closed on one platform is close on all. FXCM squeezes a little more out of you by "synchronising" later on. What a BS and you defend them?
DaScoony 8 months ago
Codex.Yes,no one should risk to get a margin call.The reason why I took the risk to get a margin call was that all indicators at that time were showing a reverse pattern to be imminent - and that was the case. I had 2 positions - to close one would have been enough to maintain the other. But dont get what I am saying: If I trade on MT4 and both positions are closed - thats it for me. I dont care about another system that they might use. Watch again because I dont think you understood my point.
DaScoony 8 months ago
sorry, I just realized I sound like a jerk. Not my intention. Still, I highly doubt that they are able to screw individual clients over like that. It would be a huge logistics nightmare.
3. I get what they are saying. The MT4 feed was different from the TS2 feed. That happens, and you should be aware of this. Just playing Devil's Advocate.
Codex1 8 months ago
1. You shouldn't be opening trades that would put you in danger of a margin call. It's hard to see how that would happen if you were following solid money management practices.
2. The only reason to actually use Metatrader 4 or 5 for trading as opposed to just using the indicators is if you are using an automated Expert Advisor. If trading manually, why would you be executing your trades from it???
Codex1 8 months ago