Send PM to forexts. He is doing forum settings and he can stop it.

As to me so I am having yahoo email for that.
Just 40 emails since yesterday (i am having emails from all the threads of our forum).

Hi nina, how are you~

I found here have many diferrence version for setup CatFx50, may i know which is correct?

Hi!

The one you have in post 1.

__________________
Nina

We must fight on the winning side, not on the side we may believe to be correct.

Focus, Patience and Discipline

It's fine but if you could use some other indicators macd for filtering stoch , then everything will be fine, as you see, in chart you have double enties after another which can make you confuse. I think its not wise to use just one indicator like stoch to enter and exit.

I think you can use the same fisher_yur4ik to filter stoch excesive crossings.

good luck

Hi!

I want to stress once more that retail FOREX market is a kind of casino with double zeros. It is a non-regulated market where there is not a single an unanimous rate. Therefore, some technical indicators could give false readings and, what is worst, your broker is going to have a huge feast with your efforts, money and dreams.

Look, my institutional platform (interbank feeds) has a high on cable at 1,9989bid and a low at 1,9930bid.
Now, lets look at your beloved OANDA. It has a high at 1,9992bid and a low at 1,9930bid. You could think: "what is Nina saying? It is only 3 naked pips!!". Yes, 3 pips. If you remember that only 1 pip could make you a loser or a winner, it is all set.


Could you imagine a different high on INTEL or on IBM?

__________________
Nina

We must fight on the winning side, not on the side we may believe to be correct.

Focus, Patience and Discipline

Are you working for institution or are you MM?

Hi!

Yes, I'm working for a big firm.

__________________
Nina

We must fight on the winning side, not on the side we may believe to be correct.

Focus, Patience and Discipline

Hi!

It seems NFA has shut down a few brokers and more to come.

NFA could shut down all brokers with less than $5M in funds.

Welcome, NFA. Now, try to spot any bucket shop and close it. Those bastards should be send to prison.

Here you have a link to see if your broker is above or below those $5M.

http://www.cftc.gov/files/tm/fcm/tmfcmdata0704.pdf

__________________
Nina

We must fight on the winning side, not on the side we may believe to be correct.

Focus, Patience and Discipline

Hi Nina, seems you're received same email as many of us. And it´s quite interesting.

Also, the original author seems to be infamous Felix Homogratus, and then some people had taken the words and forwarded.

Maybe I´m wrong with my thoughts but...


First we need to distinguish between FCM´s (Futures Commission Merchant) and FDM´s (Forex Dealer Member)

As I know the minimum requirement to be a FDM (Forex Dealer Member) is 1 million US dollar.
As is present in the CFTC report looking carefully, pay attention to Net Capital Requirement.

If we look to my main broker which is FXSol the net capital requirement is 2.152.994, and the excess net capital is 18.114.867. They have a lot more money than they need to work under current regulations.

How about FXCM, one of the biggest, net capital requirement is 11.863.500, and the excess net capital is 39.292.372.

Oanda: net capital requirement is 9.667.173, and the excess net capital is 34.489.182.

InterbankFX: net capital requirement is 2.726.397, and the excess net capital is 4.018.506.

United Global Markets (suspended today): net capital requirement is 1.000.000, and the excess net capital is only 19.031.

Solid Gold is directly Out of Game.

ODL Securities (one of newest): net capital requirement is 1.000.000, and the excess net capital is 8.378.618.

This numbers are not easy to calculate. But it could be resumed as how many positions have open. Also, you can see another things, like how many clients have each one and how big are. Calculate the ratio of Capital/Positions, etc.

But I´m getting out the main problem.

As I posted here, the net capital requirement was changed last year.

Then in early 2007, NFA approved modifications to concentration charge rules as I posted here, prior revision by CFTC.

There are different and complicated method to calculate the net excess capital and also different requirements for FCM´s.

The most high requirement for Adjusted Net Capital is 5.000.000 for FCM.

The definitions are (last modified on February 2007)

And for financial requirements FDM (last modified may 2007):

Ok, first point is, the NFA can't close a FDM or FCM because wan to do. The Member has to be unaccomplished something. Like being under minimal capital requisites.

NFA must change the current rules before proceed if next minimal requirements would be 5.000.000.

CFTC must give the Ok the changes and It takes a couple of months. And I can't find any pending modification for a future change in the rules.
Generally pending amendments to the rules are posted in NFA web site.

If there is a new rule or modification "to be applied in a near future" there is no in NFA web site.

I repeat, I could be wrong.

But this email could be a campaign to "help" clients fly away from their current brokers. Producing some brokers drops below minimal requirements and have to close doors.

According with last report and if the minimal requirements would be 5 million near to 25/35 brokers would be forced to close doors.

That´s why I´m have my suspects about the email.

For more information and/or to check what I wrote: National Futures Association | Compliance

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