|Trade account #:||02064349||Created at:||Jul 19, 2013 3:02:46 AM||Status:||Active||Base currency:||USD|
|Ticket #||Symbol||Volume||Date||Sold||Bought||Gross P/L||Comm||Rollover||Adj||Net P/L||Condition||Created By|
|83549612||EUR/CHF||400,000||8/21/13 3:33 PM||1.23231||Mkt||d172060948001|
|8/27/13 3:46 AM||1.23111||521.63||0.00||-19.20||0.00||502.43||LE||d172060948001|
|83684611||NZD/USD||300,000||8/23/13 10:32 AM||0.77980||Mkt||d172060948001|
|8/27/13 4:05 AM||0.77739||723.00||0.00||-37.80||0.00||685.20||LE||d172060948001|
|83703931||EUR/JPY||400,000||8/23/13 3:51 PM||131.946||Mkt||d172060948001|
|8/27/13 4:05 AM||130.803||4,672.24||0.00||-2.40||0.00||4,669.84||LE||d172060948001|
|83864653||EUR/JPY||400,000||8/27/13 4:07 PM||130.031||Mkt||d172060948001|
|8/28/13 1:43 AM||130.138||439.86||0.00||0.80||0.00||440.66||Mkt||d172060948001|
|83864768||NZD/USD||400,000||8/27/13 4:11 PM||0.77973||Mkt||d172060948001|
|8/28/13 12:07 PM||0.78009||144.00||0.00||11.60||0.00||155.60||Mkt||d172060948001|
|83865050||USD/JPY||400,000||8/27/13 4:32 PM||97.060||LE||d172060948001|
|8/28/13 1:43 AM||97.280||904.61||0.00||0.40||0.00||905.01||Mkt||d172060948001|
|83891327||EUR/JPY||400,000||8/28/13 1:44 AM||130.133||Mkt||d172060948001|
|8/28/13 2:06 AM||130.106||111.06||0.00||0.00||0.00||111.06||Mkt||d172060948001|
|83891573||USD/JPY||600,000||8/28/13 1:50 AM||97.280||Mkt||d172060948001|
|8/28/13 2:18 AM||97.324||271.26||0.00||0.00||0.00||271.26||Mkt||d172060948001|
|83892368||EUR/JPY||600,000||8/28/13 2:07 AM||130.114||Mkt||d172060948001|
|8/28/13 2:10 AM||130.231||721.33||0.00||0.00||0.00||721.33||Mkt||d172060948001|
|83892492||AUD/USD||400,000||8/28/13 2:10 AM||0.89254||Mkt||d172060948001|
|8/28/13 2:41 AM||0.89133||484.00||0.00||0.00||0.00||484.00||LE||d172060948001|
|83892529||EUR/JPY||600,000||8/28/13 2:11 AM||130.216||Mkt||d172060948001|
|8/28/13 2:13 AM||130.194||135.65||0.00||0.00||0.00||135.65||Mkt||d172060948001|
|83892632||EUR/JPY||600,000||8/28/13 2:13 AM||130.197||Mkt||d172060948001|
|8/28/13 3:35 AM||130.392||1,200.13||0.00||0.00||0.00||1,200.13||Mkt||d172060948001|
|83893187||USD/JPY||600,000||8/28/13 2:28 AM||97.329||Mkt||d172060948001|
|8/28/13 3:35 AM||97.485||960.15||0.00||0.00||0.00||960.15||Mkt||d172060948001|
|83896199||EUR/JPY||600,000||8/28/13 3:36 AM||130.381||Mkt||d172060948001|
|8/28/13 3:49 AM||130.539||-971.82||0.00||0.00||0.00||-971.82||Mkt||d172060948001|
|83896291||EUR/USD||300,000||8/28/13 3:38 AM||1.33768||Mkt||d172060948001|
|8/28/13 3:49 AM||1.33795||81.00||0.00||0.00||0.00||81.00||LE||d172060948001|
|83896455||AUD/JPY||100,000||8/28/13 3:42 AM||86.968||Mkt||d172060948001|
|8/28/13 6:30 AM||86.852||119.16||0.00||0.00||0.00||119.16||LE||d172060948001|
|83904972||AUD/JPY||500,000||8/28/13 3:42 AM||86.968||Mkt||d172060948001|
|8/28/13 6:34 AM||86.799||867.97||0.00||0.00||0.00||867.97||LE||d172060948001|
|83896638||AUD/JPY||100,000||8/28/13 3:46 AM||87.025||Mkt||d172060948001|
|8/28/13 6:34 AM||86.799||232.14||0.00||0.00||0.00||232.14||LE||d172060948001|
|Posted at statement period of time:||11,617.37||0.00||-10.50||0.00|
Ever opened a contract with an auto limit in place and it showed up close with one pair but far away for another- and wondered why- its all part of the game. People are visual. FXCM knows – if it looks the same people will think its the same and confidently place an order. Before you place a big order- place one for a single tiny contract to verify how far away 12 pips really is. The closer 12 pips appears to the position- the more money you will make.
proof: I opened positions in 8 pairs and this shows where the limit showed up in the same screen view for all 8.
click on chart picture twice to see full size in a new screen
copied from the investopedia website which is partnered with FXCM!
resource link: http://www.investopedia.com/terms/f/foreign-exchange.asp
I checked today to see if there has been any progress in how well the public is being informed about the true nature of “forex” trading. Namely that it is now simulated (fake) trading for all accounts holding less than 10 million dollars.
Instead of progress- they are hiding it down deeper- However some of the previous misleading definitions are still posted on Investopedia.
What is noticeably missing is mention of on vs off exchange currency. They have started top vanish the old meaning of foreign exchange from the foreign exchange its self. All while not telling the public anything!
People FOREIGN EXCHANGE TRADING is no longer real. Its an ONLINE GAMING PLATFORM, Your not trading against other people- your trading against a computer program. A program the broker is able to manipulate as needed to make sure you loose your money. Read the fine print on your trading agreement- you agreed to them doing it!
Definition of ‘Forex – FX’
The market in which currencies are traded. The forex market is the largest, most liquid market in the world with an average traded value that exceeds $1.9 trillion per day and includes all of the currencies in the world.
Investopedia explains ‘Forex – FX’
There is no central marketplace for currency exchange; trade is conducted over the counter. The forex market is open 24 hours a day, five days a week and currencies are traded worldwide among the major financial centers of London, New York, Tokyo, Zürich, Frankfurt, Hong Kong, Singapore, Paris and Sydney.
The forex is the largest market in the world in terms of the total cash value traded, and any person, firm or country may participate in this market.
Definition of ‘Forex Market’
The market in which participants are able to buy, sell, exchange and speculate on currencies. The forex markets is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The currency market is considered to be the largest financial market in the world, processing trillions of dollars worth of transactions each day.
Investopedia explains ‘Forex Market’
The foreign exchange markets isn’t dominated by a single market exchange, but involves a global network of computers and brokers from around the world. Central banks use their massive buying and selling capabilities to alter exchange rates through their open market activities and in many cases will do so not with profit in mind, but rather for any number of policy reasons. Forex brokers act as market makers as well, and may post bid and ask prices for a currency pair that differs from the most competitive bid in the market.
Definition of ‘Foreign Exchange Market’
The market in which participants are able to buy, sell, exchange and speculate on currencies. Foreign exchange markets are made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors. The forex market is considered to be the largest financial market in the world.
Investopedia explains ‘Foreign Exchange Market’
Because the currency markets are large and liquid, they are believed to be the most efficient financial markets. It is important to realize that the foreign exchange market is not a single exchange, but is constructed of a global network of computers that connects participants from all parts of the world.
___________________________________________________________________This is all such BULL! Participants are connected to brokers gaming platforms. End of story. WHY DOESNT IT TELL THE TRUTH???? ITS A SIMULATED MARKET ENVIRONMENT!!!
FXCM “TEST” account –
I decided to try micro scalping- figuring if its only going to swing a take of $125 or less- (knowing most people wont take a small gain like that) I decided to try it to see how fast I could build it up with little bits and pieces. Within a few minutes I scalped over $600 and there was an instant reaction-
The reaction-swinging me into serious negative numbers!
Key here is to ride it out.
RESULTS at the end of 1.5 hrs trading = $1,873
I’ve been researching CME trying to find underlying fraud and haven found any yet. The question I have is WHY IS ANYONE TRADING FAKE FOREX when they can trade for real on CME.
Serious- you have NOTHING to gain from trading on FOREX. They took all the thrill out of trading with their boring simulated market. I scrolled thru the pairs and seriously! No action- no thrill ride. I remember back 5 years ago what the charts looked like- ACTION! Now its lame. They did it to prevent people from profiting. No big regular movement means less risk of you snagging a profit.
I’m supposed to be a trading prodigy but I’d be hard pressed to prove it these days. I used to be able to turn a 50k test account into 2 million in 2 days. I did that 8 times in a row starting the very first time I tried trading at all. Even 2 years ago I could double a 50k account overnight with very little effort. Clearing 5k in an hour was normal. Now? forget it! I’m lucky to clear 5k in a day. Why? the market doesn’t have enough swing to minute trade.
That’s what I do- I’m a minute (even seconds) trader. Hyper scalper. For scalpers- its game over. They aren’t swinging the chart enough pips to see more than a $150 profit on a 500 lot order. Before- a normal swing on a order that size would easy top 2k. THATS how much the charts have changed. Used to be fun to trade- even fun to loose- then gain it all back! Now- there’s no chance- no hope for a big take. I fall asleep trying to trade on FXCM!
While CME has no test accounts for me to play on- For those of you who do have the money to fund a real account- don’t even hesitate to get out of FOREX and trade thru CME.
I’ve been toying with yet another FXCM test account and started experimenting with leaving orders open over night.
- size: 300-500
- No stop-
- profit limit of 12 pips (preset amount built into the platform)
- any currency pair
Without fail- after continuing its trend just long enough to clear the spread deduction to see a gain of maybe $56 it turns and works its way rapidly down- holding at around -$1300 for a while then up close to breaking even or seeing a gain that always reaches just below your profit limit. This always happens during long periods of your inactivity on the platform. It’s intentional- programmed to detect inactivity so it knows when your likely away from the computer- allowing it to safely make it safely swing into a gain you always happen to miss.
It shows just how far they have gone to trick people out of their money. Why are traders tolerating this scam?