The $100 to $1,000,000 Challenge - 3 days in the running - Page 10

mtuppers · #91 01-25-2010, 11:23 PM

Quote:

Originally Posted by forex100

Yes. Exactly what I mean, the margin call came in and all your positions were liquidated to your disadvantage. Now if you did not have a margin call at that time, what would have happened?

You would still be holding your positions and would have been profitable in all of them, so everything crashed because of the margin call.

One thing that people do not take notice of is that Bank traders are always making the money from the market, they never lose. If you check with bank traders you will find they all have something that all the other traders do not have. Bank traders do not have margin calls, they trade for the banks without having to worry about margin calls because bank traders don't get margin calls so they never lose.

FX100

what would happend is still wondering how to do trade. after margin call, I went to have meta4 platform. and using the indicator I knew, add some more. Now I almost know there is trend is going at current time.

Bank traders! they are not always make money! most of them loss money! who ever in forex trade for bank. they trade like 2million or more. and like us. they have laverge too. therefore a trade they did is more likely is 2 billion dollars per trade.

forex100 · #92 01-25-2010, 11:46 PM

Quote:

Originally Posted by mtuppers

Bank traders! they are not always make money! most of them loss money! who ever in forex trade for bank. they trade like 2million or more. and like us. they have laverge too. therefore a trade they did is more likely is 2 billion dollars per trade.

Not true. Those that lose money are rogue traders, they hide the money to steal.

My grandfather is banker. My sister is bank trader. My brother in law is bank trader. I have 2 cousins bank traders and 3 nephews 2 nieces also junior bank traders. My family has many bankers and all functions we have always talking about trading. Bank traders make money because they don't have to answer margin calls.

My question to you. If you have now an account to trade and you are told that account you trade with no margin. Just trade what you want, never close and never margin call. Do you still need to have charts and have indicators ?

Why do people use charts and indicators??..you think it is to find out direction of market. Ok...why they want to find out direction of market?

Answer is if they don't have correct direction, their account will lose money until a margin call wipes them out.

What happen now if they trade with no margin call ? Will get wiped out ?

FX100

mtuppers · #93 01-26-2010, 07:22 AM

yes, you still need, if all the bank doing the way that is no margin call. guest what! bank either profitable or bankrupt.

fact. few American big bank. when they need the money what would they do. buy USD!

you know why there is finnacial criss? reason is American need money very bad. if that is case, not matter if you win or loss they will told you to sell it and get USD back.

also I know that is US you can open a bank just need a million dollars.

if your boss is this small bank and the boss tell you no matter what just trade. that is very bad bank.

I am sure that all the bank have a kind of stop loss system.

Also nowadays boss will see if you able to keep up with your job or not. if not I am sure, when the bank need money your family member will be laid off,
if they have a lot of bad trades.

I wonder what is the bank or are banks does your family member work for! that sounds like I could took over the job!

One question where are you form. it does not sounds like you are form euro, uk, japan, US, or Canada.

I am sure that if you are form those place then more likely your family member already laid off already.

remember boss want to see profit. not no margin call. and have poor profit

mtuppers · #94 01-26-2010, 08:05 AM

FX100 your family member must be work for the central bank of a nation.

forex100 · #95 01-26-2010, 08:06 AM

How many years have you been in banking ? You know anything about microcredit??..I can get you a job if you are good in microcredit.

How long you have been doing FX ?

Send me resume and I can get you job as bank trader too.

FX100

forex100 · #96 01-26-2010, 08:09 AM

How many years have you been in banking ? You know anything about microcredit??..I can get you a job if you are good in microcredit.

How long you have been doing FX ?

Send me resume and I can get you job as bank trader too.

FX100

forex100 · #97 01-26-2010, 09:52 AM

UPDATE !!

You can see the chart here http://www.earning-on-the.net/chart/

Significant figures are

Account Value $117.66
Cash Balance $503.38
Margin 14%

My broker locked out my account for 2 days and investigated it so I could not up date yesterday and today. They cannot believe that a $100 account could survive this long and was thinking I was doing something like hacking their system. What a laugh !! Anyway, back to normal now and looking towards $1,000,000....however long it takes.

FX100

forex100 · #98 01-26-2010, 09:53 AM

Quote:

Originally Posted by mtuppers

FX100 your family member must be work for the central bank of a nation.

Nope.

FX100

oh yea...by the way. Central Banks don't trade in the markets. They just set fiscal policies and markets react to the effect of those policies.

Takiii · #99 01-26-2010, 11:25 AM

Wrong....

Central banks offer cash to anyone who is willing to buy at their provided price. They also hold currency auctions in order to inject the markets with liquidity. The federal reserve and bank of japan do this on a relatively regular basis in order to devalue their currency. At the moment the BOJ is sitting still until the economics of the markets starts to even out. But the FED has been auctioning ever since the crisis.

mtuppers · #**100** 01-26-2010, 12:47 PM

Quote:

Originally Posted by forex100

UPDATE !!

You can see the chart here http://www.earning-on-the.net/chart/

Significant figures are

Account Value $117.66
Cash Balance $503.38
Margin 14%

My broker locked out my account for 2 days and investigated it so I could not up date yesterday and today. They cannot believe that a $100 account could survive this long and was thinking I was doing something like hacking their system. What a laugh !! Anyway, back to normal now and looking towards $1,000,000....however long it takes.

FX100

that is funny. okay since I have a test account currently $83 however, I will be busy until after Feb well see if I can bet your speed.

Oh since the account is with FXOpen. I will tell Takiii about my account! so he can get me investment password which I think I did not save it then every one can see how I grow my account!

I have trade for 6 years! no banking back ground!