My Demo Profits From Leasurly Trading

[Tess]

Originally Posted by dpaterso

Oh - and by the way 'Tess' - how come WE are never so 'privileged' to have THIS kind of 'input' from you on OUR thread!!! You just 'pop in' and 'pop out' over there!!! What's this guy (system) got that I (we) haven't got!!!

Hi Dale,

I don’t think your very able thread requires my ramblings do you? You guy’s have your fingers well & truly on the pulse over there & are putting together quite an interesting folder of information.

Reason I’ve contributed a good majority of posts on the IB thread, is due to the fact one of my short-end strategies is very close to that type of execution principle.

I like the timeframe(s) & technical plays centered around that particular strategy base.

Plus of course, I can't really spread myself too thin! At the moment we're engaged in our fair share of long(er) term positional plays on the various instruments we trade. But as we migrate to slightly shorter term (range based) endeavors, my time (& frequency on here) will be sorely stretched!

I really don’t feel I have anything (else) to offer your work that hasn’t already been more than adequately covered by yourself & your fellow trading buddies. If there is, then I will most definitely step in & toss a post or two onto the campfire!

In the meantime, keep up the (continued) good work!!

[Forex4fun]

Originally Posted by Tess

Do you have any personal experiance with ACM, if so I would like to know more if possible.

No, I don’t. But I’ve been around this business long enough to know what I’m talking about.

My brother-in-law worked in various roles (including front desk) for a well known retail shop in the States from 2001-04, we also have a British trader working with us who transacted for a high profile Spread-bet outfit back in early 2000-03, so we know exactly what they get up to on a regular basis.

This is my point, you are assuming everything you have stated without practial knowledge regarding what I have asked of you, which was to be ACM specific. You may think you know how this works, but from the logical point of view, your statements do not add up. I would like spacific example of what you have said, not just "I know what im talking about, trust me", so stop touting that all forex companies are evil and dont want you to be successful. For example, are you making a profit on a live account and your forex company hates you for it? Or know anyon else in that situtation?

[Forex4fun]

Originally Posted by Tess

Yes, they do indeed profit from the spreads. They also delay & bias quotes at certain times during the various trading shifts , just enough to increase the % cut even more in their favor. Remember, they’re a business. You win – they lose!

Wrong, this is a win win situation, they use you to make money, and you use then to make money off the market. They dont lose anything if you are profitable. They always make the money from the spreads by say, getting them at 1 pip and selling it to me/anyone else for 3. This is the basis for their system. The more money you have the more lots you can buy therefore increasing their gain even though the spread is the same.

Originally Posted by Tess

Why would they discourage placing orders during the news or scalping, it makes no differece to them???

They won’t discourage you if you’re consistently net negative. If it suits their end, you can punt thru news data & scalp to your hearts content. So long as you’re regularly re-funding your account due to losses, they’re happy.

Refunding the account only matters because you dont have the money to place trades there they can make money off of you. Its not like if you go negative on your account they get your money, you money is lost because it devaluated.

Originally Posted by Tess

They only deal with limited wholesale suppliers (sometimes as few as 2 Banks), therefore it’s impossible to lay you. They have to absorb your positions & if you’re taking them regularly for x% week in, week out, you & others like you, are impacting their bottom line.

If you somehow make a profit, it does not impact then in any way! Only now you the resources to continue using then at your own and their mutal gain. It not like the money comes from the companies pocket.

[dallia]

I think some of the confusion in the posts may be based on the lack of understanding that some firms are not really brokerages but bucket shops. Like the bookies they take your orders, charge you a spread but don't put your order out into a market. Instead they book the order and fill it themselves. If you win they lose, it's money out of their pocket because they are taking the other side of your position. Sometimes like bookies they can layoff your bet at the track or in their case a bank so they don't assume any of the risk. However if your making rapid transactions they can be left holding the bag and like any business they won't be happy with a customer that costs them money.

Brokers using ECNS don't really care what position you take and are quite happy to see you trade often and in large amounts, they aren't taking the other side of your trade, if you win you'll place more orders.

[Forex4fun]

Originally Posted by dallia

I think some of the confusion in the posts may be based on the lack of understanding that some firms are not really brokerages but bucket shops. Like the bookies they take your orders, charge you a spread but don't put your order out into a market. Instead they book the order and fill it themselves. If you win they lose, it's money out of their pocket because they are taking the other side of your position. Sometimes like bookies they can layoff your bet at the track or in their case a bank so they don't assume any of the risk. However if your making rapid transactions they can be left holding the bag and like any business they won't be happy with a customer that costs them money.

Brokers using ECNS don't really care what position you take and are quite happy to see you trade often and in large amounts, they aren't taking the other side of your trade, if you win you'll place more orders.

This is exactly my point, I think Tess was referring more to bucket shops while I was talking about brokerages with automated orders and spreads. Thank you for clearing this up.

[Tess]

Originally Posted by Forex4fun

You may think you know how this works, but from the logical point of view, your statements do not add up.

Is that so!

Well, I'll leave it there then, as you apparently don't need any further advice from me or anyone else come to that. Your original research will obviously hold you in good stead.

I'll repeat again:

I wish you all the very best of luck!!

[Forex4fun]

Originally Posted by Tess

Is that so!

Well, I'll leave it there then, as you apparently don't need any further advice from me or anyone else come to that. Your original research will obviously hold you in good stead.

I'll repeat again:

I wish you all the very best of luck!!

Im sorry if I have offended you in some way, I did not mean to do so. The "conflict" between us was just a matter of misunderstanding, it seems we were talking about two different things. I value every person's opinions and would like to thank you for taking the time to respond to my thread. I hope there are no hard feelings between us.

[Tess]

You haven't offended me at all

I have several elephant skin layers, which tend to sprout with increasing regularity the longer you duck & dive in this game!

I do sincerely wish you all the best - you've obviously spent a good deal of time on your proposed trade plan(s).

All I'm suggesting to you is: Be very very careful who you decide to climb into bed with in this business.

The term "horses for courses" could well have been uttered specifically for this business

[joanne]

after reading all that i would like to remind all the newbies like myself to please have respect for our senior and much more knowledgeble members. they offer us advise free. please try to be kind and thankful to them as they will help you all on your road to success. thankyou. joanne.

[mastergunner99]

Agreed.

As previously mentioned, this thread was flawed from the beginning as it was based on the premise of bragging and not so much of the assisting nature that I believe was the sole purpose of babypips.com.