FXCM Micro Withdrawls
- Thread starter T-Bone Trader
- Start date
Quote from 3edc:
no money for groceries, that's tough, I thought averaging down on FX would get you into this mess
and it did
unlike losers who would go and search
I am too lazy to do it
but I remember you complaining several times about Oanda
forgive me for calling you a shill,
you are just a moron
That's all great.......but no mention of any d-o-l-l-a-r-s
Come on a wealthy guy like you must be able to spare a few thousand, after all what can you spend it on, you're on here creating dozens of new aliases and trolling 15 hours a day!
Hey did you notice, your last attempt at a troll thread didn't attract much interest, in fact it was so sad you had to use another alias to reply to yourself, lol. I guess your brand of clown humor is wearing a bit thin on ET
The bucketshops of Livermoreâs era were basically making an unregulated bet against you. But I guess they still paid out if you were right. They just banned you from betting again if you were right too much. I believe that they and the forex brokers are similar in the fact that no real assets are changing hands. I think that I read somewhere that forex brokers wonât actually let you exchange physical currency out of money laundering fears. Itâs just a bet against each other. They both made their money the same way, they mark it up or down a little. The forex brokers say they make their money from the spread, but that is only if they are able to offest your buy order with another clients sell order. If they canât, then they take the other side. Once their book becomes too heavily weighted in one currency, they go to the banks and unload it.
But I think the difference is that the forex brokers are starting to be much more regulated and watched. Iâm not saying there arenât ways to screw you, but short of fraud, I donât see how they can be a complete scam.
Quote from cabletrader:
That's all great.......but no mention of any d-o-l-l-a-r-s
Come on a wealthy guy like you must be able to spare a few thousand, after all what can you spend it on, you're on here creating dozens of new aliases and trolling 15 hours a day!
Hey did you notice, your last attempt at a troll thread didn't attract much interest, in fact it was so sad you had to use another alias to reply to yourself, lol. I guess your brand of clown humor is wearing a bit thin on ET
what humor ? me pointing out how you and lot of other people are deluded losers
that isn't humor at all, that's sad
I AM WILLING TO SEND YOU grocery money
No one deserves to be hungry regardless of ability to trade.
I'll make a certified cheque for 500 dollars, please PM me name and address
I agree with you they're not a scam, or at least most of them aren't, some make life more difficult than others though.
I think a lot of the bad press which forex gets is down to the types of 'traders' who are in the business. They see an advert on TV and within a day they can open an account with a few dollars and be trading, absolutely no previous experience of trading and some have very little common sense (read some of the forums!). The inevitable happens and they blame their broker.
Though some of your post has truth to it, this statement is not how most FX dealer spreads work. The dealer does not need another retail trader to offset for a profit. The dealer quotes a spread that is completely outside of, and surrounds, the inter bank wholesale rate. They make their spread profit no matter what. Here is an example: If the Usd/Cad has a bank quote of 921 X 923 the dealer will have a quote surrounding that, like 919 X 925. So when you sell to the dealer at 919, they immediately sell to the bank at 921 and pick up the 2 pip difference for a profit. It is obviously visa versa for buys. So again, they do not need another retail trader to offset your trade for a profit. If they do hold your position, and don't offset it, they are doing this as a strategy to make a larger profit because they know you (not you personally), and most retail traders, are not profitable. I hope this helps make the dealer profit model more clear. Good trading.
I hope you are aware you almost gave me heart attack
You are perhaps the biggest fool on the entire internet.
shops like FXCM or OANDA do not execute your retail order with a bank at all.
It is make believe video game on their servers.
WHICH IS WHY IF YOU trade profitably they widen spreads hunt stops,
and sabotage your (their) platform and data feed.
you are not a shill, you are just a sucker
there is one of you born every minute
Why is it that people with way less experience in this industry and do not know what they are talking about, always chime in with aggressive, ridiculous statements. I have been in the FX industry for over five years (and trading in general for almost ten) and I am VERY profitable. And yes, I use a dealer to trade through with all my and my clients trades. My statement IS how the dealers work and it IS how they make their spread profits, period. There is really nothing else to say. If you don't like my comments then just ignore them or actually debate them. Your complete lack of experience and FX knowledge shows by your, "the dealers are all evil and out to get me" kind of attitude. If you have nothing constructive to say or add to my post, then please keep quiet so the other newer traders who really want to learn, can.
EDIT: Also, I forgot to mention I am very profitable and my spreads have never been widened, which is a silly statement by you anyway. But it is clear by your comments that you are not profitable or concerned with the truth.