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10-22-06, 10:47 PM
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 FOREX.... is it real trade ... or just Big Game ??? need help hello all... I have this quistion.. when i take a trade in forex.. did i in real sell or buy any thing? or just play the game rule and doing only the bet on the index of the corruncy pair.. ? so .. in fact.. is there realy lone taken from thae bank for my leverage? or just a record at the broker computer data.... what i meaning is >>> am I in forex ... as in a computer game.. or my trade take place in real world........ need help ...... pls any body have the answer.!!! and thanks sorry for my bad english |
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10-23-06, 01:09 AM
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| Re: FOREX.... is it real trade ... or just Big Game ??? need help If you trade a live account, then its probably in the "real world". If trading a Virtual account it is a hypothetical game. It is very much real, in the sense you are the part of supply and demand of a curreny pair. Taking loan from the bank not sure, as position can be covered in house as well. Meaning for example I am short same amount you are long, hence no credit from the bank; covered within the broker's local network.           |
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10-23-06, 01:48 AM
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| Re: FOREX.... is it real trade ... or just Big Game ??? need help thank for ur time.... then... u think it should be real.... |
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10-23-06, 04:38 AM
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| Re: FOREX.... is it real trade ... or just Big Game ??? need help Quote:
Try again  |
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10-23-06, 06:14 AM
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| Re: FOREX.... is it real trade ... or just Big Game ??? need help Forex trading at retail level is 100% virtual. The trades never make it outside brokers platform and are paired with is each other. The broker, who controls everything on the platform, is in a total control to shade prices when ever he chooses. The only way for a retail trader to participate in a real currency market are CME currency futures. |
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10-23-06, 11:10 AM
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| Re: FOREX.... is it real trade ... or just Big Game ??? need help ok then.. sure u can make real mony..... but from virtual world.. that what i was wondering..... the no real sell or buy for retail... only bet on currency inex.. sorry for words but only like the gambling... is not true........????????????? |
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10-23-06, 11:52 AM
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| Re: FOREX.... is it real trade ... or just Big Game ??? need help This subject has been done to death in other threads but it's simple, the marketmaker is counterparty to all your trades, period. Having said that, he hedges risk in the market so it's quite possible some of the money traded will indeed end up in the "real world", especially around times like NFP! Who in their right mind would hold the other side of that lot! |
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10-23-06, 01:15 PM
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| Re: FOREX.... is it real trade ... or just Big Game ??? need help Retail forex is a game. The new casino of the 21st century. People who think otherwise are suckers. Especially "news" traders. Doesn't mean you can't win the game. Just don't kid yourself that youj're a market trader. |
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10-23-06, 01:46 PM
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| Re: FOREX.... is it real trade ... or just Big Game ??? need help Quote:
I see, so just explain to me what happens to that 100 lot trade placed right on NFP release, are you saying the broker takes the other side and doesn't hedge any of it to cover his risk??? Why the delay in filling it then? Why the requote? Does his business model include taking the risk of paying out to the tune of 100k if price moves 100 pips in the clients favour? Now multiply that risk by the number of clients who trade data like that profitably, the marketmaker would go broke double quick time! Marketmakers only hold positions they are comfortable with, the rest gets hedged in the "real world", part of which may be your trade. |
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10-23-06, 02:12 PM
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| Re: FOREX.... is it real trade ... or just Big Game ??? need help Consider the fact that 85-90% traders lose. That is how they can cover those that win. And they are required to have enough cash on hand to cover. Most retail orders are filled in-house first. Matching up buyers/sellers internally and going out of house if need be. And from what I understand, most retailers try to keep enough spare change on hand to cover as much interally as possible before ever going to the real market. No different than a casino. The losers cover the winnings of the winners. The averages over time are definitely in the retailer's/casino's favor. As far as re-quotes etc go... it's either re-quote or have a variable spread. Take your pick. Trades have to be matched up somewhere whether internally or on the market. Not an easy thing to do during NFP. The fact that a retailer says their spreads are fixed tells you right there that they take the other side of the trade because the REAL market there is no such thing as a fixed spread. In the REAL market, the spread is determined by the market itself. Go read up here: http://nondealingdesk.blogspot.com/ |
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10-23-06, 02:32 PM
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| Re: FOREX.... is it real trade ... or just Big Game ??? need help Quote:
Well exactly, and that was the posters question! 'Most' does not mean 'all' though, but in any event it's not a matching exercise per se otherwise your orders would not be filled within milliseconds any hour of the day or night. The marketmaker takes the other side of every trade and covers his risk by hedging the balance (or part of the balance depending on their business model and market bias). Larger orders are hedged immediately if the dealer so decides, again depending on market bias. Market orders over a certain amount require the trader to request a quote. Marketmakers are not in the risk business. |
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10-23-06, 02:37 PM
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| Re: FOREX.... is it real trade ... or just Big Game ??? need help Quote:
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10-23-06, 02:46 PM
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| Re: FOREX.... is it real trade ... or just Big Game ??? need help Quote:
That's why he hedges his risk, because he's not in the risk business! JR, I don't mean to appear argumentative but you're making my case for me. |
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10-23-06, 02:50 PM
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| Re: FOREX.... is it real trade ... or just Big Game ??? need help Quote:
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10-23-06, 03:39 PM
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| Re: FOREX.... is it real trade ... or just Big Game ??? need help hello a gain... check for the link & tell me what u understand??? http://www.panafex.com it is full virtual market ... nothing is real... when u get in a trade (buy as example) they do nothing but find another who need to (sell ......) and much u and him .. without any real trade or mony.. so ..... one take from another and broker take form poth. this is one of virtual markets..."panafex" and me sure there are alot of markets the same way..... just maching tradere against others and no trades in facts.. this panafex is the background of many forex clearing houses such fxch .... www.forex-swiss.com 2 pips on all pairs..... no intrest over knight .. no commistions NO REAL TRADE ........... BIG CASINO.... |
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