Sadly, I believe I do understand, but I believe I undersand that you don’t !
As long as you continue to make misleading or factually incorrect assertions posing as “Factual Advice” to newbies, there will always be someone there to challenge you.
These people are asking genuine questions and the least courtesy we can do is to answer them correctly.
Had a quick skim read on this thread, Martin mentioned the lack of action from bank regulators (I think he did).
Anyways, many learners to this industry believe that the regulators are on their side, they believe that these same regulators will always look after the small guy, I’ve seen many times that 'it’s ok that broker is FCA regulated (UK Regulator, believed to be one of the best).
If Martin said somewhere to beware regulators then he is correct, if he didn’t then he should have
"Between 2008 and 2013 Royal Bank of Scotland put 16,000 business customers into its GRG division, telling many it was there to help turn their fortunes around.
**However, an internal inquiry for the Financial Conduct Authority found in 2016 that the bank had instead systematically put its interests ahead of its customers. **
After the report was leaked to the BBC last summer, the FCA’s chief executive Andrew Bailey refused MPs’ demands to publish it in full, instead opting for a summary which omitted key phrases and names. "
So what was omitted you may ask.
Things like an internal memo “Rope. Sometimes you need to let customers hang themselves.”
The activities of this bank were being scrutinized by the UK lawmakers for a reason:
MPs attacked GRG for treatment which had resulted in customers losing not just their business but often their homes, their marriages or their health.
So again, why did the FCA refuse to release details of their findings, check Sir Vince Cable’s comments, then wonder if the FCA refuse answers to UK lawmakers who will they answer to - you or me?
Absolutely agree, I was just trying to point out that about 99% of retail brokers are MM brokers.
DMA is great if you can afford it, but lets be honest, most can’t. An example could be with Interactive Brokers, last time I looked it was about $100k for US clients and £50k for UK clients to open a DMA FX account.
That’s all, so going back to Clint and his description of retail trading being more like speculative betting is on the whole very much correct.
If we had sufficient resources for DMA then we wouldn’t be trading at all. The game is to much of a head duck. We would however have fund managers coming out of the woodwork wanting to get hold of our money for us.
We trade OTC CFD’s. We trade against our broker - FACT
And wish I made this trade on a real account not a demo.
An avalanche of comments for a question about position sizing and short position.
I do agree that Martin K has a less informative lengthy word count approach and has an informal way of typing but he has good intentions regardless. If I am not mistaken the forum might be dying from what I read and he must like this forum a lot to contribute as much as he does with an attempt to keep it alive with his own efforts.
Also, in my opinion, a forum is meant to be about knowing other people’s view points of a topic, regardless of disagreement, no one is perfect. Another note, the person posting the question should know that the answers received in a forum can be illegitimate and newbies should be researching in their own interest anyways.
That’s my thoughts anyways.
Also, I like this forum so I do what I can to contribute.
Hey Pete…a major Australian Bank’s FX division was caught forwarding clients positions and other information of financial interest to a British Bank prior to the London open a few years back…might be able to find the article…
ASIC only got wind of the fraud when one of the brokers was netted in a separate operation… and fined said Bank AUS$2-3mil… which didn’t want to set a precedent by paying the court imposed fine and instead argued to make the fine a donation to charity… deductable under Australian Tax law…
Actually you are the one that picks on every little word and i have tread carefully with you and charlie out of fear of not offending your delicate nature
Now, CAN YOU NOT SEE THAT I’M TRYING TO FIX THINGS HERE
so why say this…
POSING
and why say this
and why say this…
it would seem that you are more interested in demeaning people
there are different ways to say these things
and since you brought it up
I also am not the guardian of your emotional state, but have definitely been on quiet a few posts.
but since you want to bring that out… ok, let’s bring it out shall we
You need to not be so picky on a lot of things
you need to understand that people are not perfect
you need to not get so fired up
ok
now it’s out
so… Keep your emotions in check
and i’ll keep mine in check
Misunderstandings are Misunderstadings and they can be worked out
but what you and a few others are doing is nothing short of childish and having a superiority complex
Now… i’m choosing to respect your experience and you should appreciate that
but i’m struggling to find a middle ground with your attitude
I mean, i say the slightest thing
and you get triggered
why can’t you let things go
now as for this
Mate. it’s not just me
this is a text based forum and people speak different languages and we all come from different cultures
THERE WILL BE MISNDERSTANDINGS
but UNDERSTANDING cures Misunderstanding
Arrogance and being a smart arse does not … ok
neither do little low blows that APPEAR TO BE INNOCENT and we all know what we are talking about right
so. Cards on the table… ok
Please stop doing it, and i’ll put in an effort to make your life easier as well, when interacting with me
or
dont’ give a stuff and i’ll do whatever the hell i want to do
PICK ONE
it’s not a hard decision , yet i have found in the past that people will pick the latter regardless
Let’s see which way you go.
Obviously i’m trying here… right
Now let’s see how you respond
and honestly, i would liike to think that you would want to work this out
when you’re polite and respectful, and willing to work differences out you get that short answer that you proposed.
when you’re clearly being rude, you get the long answer… ok
and you get more of a cold shoulder from me
Now like i said
I’m still willing to work this out
but i’m waiting for you to change your attitude
and IF YOU’LL NOTICE, i’m trying to keep these posts short, although , i’m not really sure why i’m even putting in the effort since you are continuing to be this way.
so what do you reckon… can you give it a rest ?
and also, if i had said this to you
i would consider the “be cool” part to be a little on the rude side.
i personally may have just said, sorry for the misunderstanding
but… that’s me
so, you reckon you can meet me half way here or what ?
Nobody posting in a forum should have to meet anyone half-way, or any other proportion of the way, to anywhere.
7 or 8 of us have the same problems with your posts, Martin, and we say so regularly.
The only realistic way to resolve this issue is for you to change your posting-style. Which, according to some of your recent posts, you’ve expressed yourself as being willing to do, and I welcome that and thank you for it.