Posts de CrazyTrader - Page 61

Brokers - Why do we still pay spreads? dans Général Jan 25, 2014 at 00:59

What about this idea.... So collaborative network.Imagine a trader blow his account of $ 1 000.As we are 100 to use our brokerage... We could all lend him € 10... So He has a brand new account !He will keep trading and he will pay commission as in the fx industry until his volume traded can generate $ 1 000 so we all get back our money.This system is so powerfull... if it's well managed.Obviously we will set up rules... to be able to get such a deal:Don't play casino with the account... If a trader loose it because it took a huge position.Impossible to withdraw money with the acco...

Brokers - Why do we still pay spreads? dans Général Jan 25, 2014 at 00:25

We are officially 2 : )... that's the begining.I'm not really good for Business Plan... but our business won't have anything special. It's like any broker.The main problem will be the first investment required to start the busniess. (no idea)Investors can also get back their money while we are trading (we can still apply commissions "normal spread" until investors are totally refund.So what we really need its a guaranted volume traded monthly. (A strong committment of 20 - 50 traders)Option 1:To avoid investors and make sure traders will stay with us... Each one of us...

Brokers - Why do we still pay spreads? dans Général Jan 25, 2014 at 00:14

It's what I said. We don't have to worry about regulation because our first goal isn't to prove clients that we are reliable broker.We will apply for this... once our business would have run for a year and we want to attract more traders... because we can grow up.Our first goal is too trade "free"... no commission can be an extra bonus of $2 000 / years. (that's 100% performance for an account of the same deposit) Lol

Brokers - Why do we still pay spreads? dans Général Jan 24, 2014 at 23:02

I'm sure it can't be so hard to find 20 reliable traders with proven history track record willing to participate to the adventure.It in our own interest.As far as I know... you do PAMN Account, See 1 trader can be already 1 to 10...Dear traders whose ready to collaborate? 😉

Activating EA dans Programmation Jan 24, 2014 at 22:54

I don't know... Still he is long AUDNZD... He may not post anymore.But I said to wait that price hit once more the bottom of bearish chanelhttp://www.myfxbook.com/files/CrazyTrader/charts/AUDNZD_D1_iVmpthUXPu.png

Economic Calendar API dans Programmation Jan 24, 2014 at 22:23

It's an indicator so copy paste it into .... YourBroker/Experts/Indicator

Economic Calendar API dans Programmation Jan 24, 2014 at 22:22

Try this:If you want your own calendar... you have to post your wish into:http://www.myfxbook.com/community/suggestion-box/8,1

MY NEW PATTERN dans Traders Expérimentés Jan 24, 2014 at 22:15

Ok Let's go to 50% Fibhttp://www.myfxbook.com/files/CrazyTrader/charts/EURJPY_D1_XUEMfXB2Sq.png

Brokers - Why do we still pay spreads? dans Général Jan 24, 2014 at 19:05

Yes I have no clue... i just provided figures to illustrate an example.Off course we should all trust each other... the goal is simply to trade without sharing our gains with brokers if we can get touch FX market without them.Also we don't need Licence or stuff like that at the beginning as we do it for ourself.Indeed it will work with good traders only... otherwise after 6 months our community will be divided by 10.I think it is possible... We can also pay commission as usual for a year or so... Then the enterprise have found to grow up... step by step.

Brokers - Why do we still pay spreads? dans Général Jan 24, 2014 at 18:57

Yes they say they povide 0 pips spread but I downloaded Demo and they have like any broker spread. o_O

Brokers - Why do we still pay spreads? dans Général Jan 24, 2014 at 03:38

My word would be:United we stand, divided we fallWe must exige the same. They do get such conditions only because they have an huge account.Let's image 1000 traders that trades in average $1000 account. It's like we have one account of $1 000 000.1000 traders is not a lot... as Myfxbook is already over 100 000 traders.http://www.myfxbook.com/files/CrazyTrader/Broker_2.jpgEveryone is trading as usual... paying commissions to our broker (it's all our own broker) As soon as we have reach the lots to cover the cost of our broker's activity... We can keep trading until the end of th...

Brokers - Why do we still pay spreads? dans Général Jan 24, 2014 at 01:53

Guys please undertand my point. I'm just saying that brokers could propose an alterntive way. A broker is like any another firm. It has investments, cost, maintenance... and it has to be profitable while it meets its clients needs.Being attractive with cheaper commissions (different model from the classic one we know) would attract a large numbers of traders. This volume would compensate enough to make sure the broker is profitable.My point is to say that we could all be happier if we could pay less commissions to the broker. I simply defend retail traders performance as we all should do.I...

Brokers - Why do we still pay spreads? dans Général Jan 23, 2014 at 23:17

Brilliant... this does already exist : )

Brokers - Why do we still pay spreads? dans Général Jan 23, 2014 at 18:58

"What kind of the same service are you talking about?"Any services that a random broker provide. I'm just saying we could create a broker that provides the same service but it won't be that greedy on commissions."Like community broker? I saw a couple and the service was indeed worse then regular broker"I'm not aware of this. can you provide a link?

What caused the currency price to move? dans Traders Expérimentés Jan 23, 2014 at 17:39

I have also notice once that it was raining cats and dogs... so suddenly eurusd goes down.I think the sun can have some impact too 😉

Brokers - Why do we still pay spreads? dans Général Jan 23, 2014 at 17:31

I don't debate really for myself... I'm fine with my strategies.It's just a topic to help 90% looser traders.Let's be honest here: Only 10% retail traders are winning... so if nobody is interested to save money. Well let's broker making easy money."if you earn $1 each trade why do not let broker has its share like $0.1" for 0.1 Lot"if you earn $10 each trade why do not let broker has its share like $1" for 1 Lot"if you earn $100 each trade why do not let broker has its share like $10" for 10 LotsThe question is why guys would you accept to pay ...

Brokers - Why do we still pay spreads? dans Général Jan 23, 2014 at 16:13

And what? Cost of trade is spread + markup + commission.The total amount counts not just spread or just commission.+ execution, latency, leverage, support, withdrawal...Give some better if you know some:)Cost of trade is: spread + markup + commission ((proportional Lotsize) ) => very bad broker.Cost of trade is: spread + commission (proportional Lotsize) => bad broker.Cost of trade is: spread + commission (NOT proportional Lotsize) => Better broker.Let's remember that a broker is 100% winning because we feed them twice every single trade.Here we are a community...

Brokers - Why do we still pay spreads? dans Général Jan 23, 2014 at 12:43

I think thoses broker belongs the "Bad one broker".They provide low spread... but they apply a commission that depends your lotsize.It's kinda ripp off according to me.

Brokers - Why do we still pay spreads? dans Général Jan 23, 2014 at 11:51

Well If I have 1000 traders interested and committed like you to change broker we could create the cheapest one. I wasn't even thinking about Swap... because they also take a percentage into it because whatever the position you hold... the negative swap will always be above the positive swap.That's why i say actually we have 2 types of brokers into the market: The very bad ones & The bad onesThe very bad ones: Like InstaForex for example (Im sorry to pick up this one... The first one to come into my mind)They provide to their clients a huge spread. (over 10 pips for some pairs). Th...

Brokers - Why do we still pay spreads? dans Général Jan 23, 2014 at 02:21

Who think it's normal that broker take proportional commission regarding your lotsize?That means we don't get charge for the cost of processing an order.Imagine we had to pay our SMS depending on the number of characters? => This is the same !!!

EURUSD	1.08668	GBPUSD	1.3051	AUDUSD	0.67015
USDJPY	149.524	USDCAD	1.37843	USDCHF	0.8645