Reliable ECN broker with good USDTRY or USDZAR swap -
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thread: Reliable ECN broker with good USDTRY or USDZAR swap

  1. #21
    quote what I'm saying Jason is that you get payed by fxcm , and that I don't , swap trading on exotic pairs is a workable swap trading egy even with a little account using 1 and 2 penny trades , BROKERS DONT LIKE GIVING MONEY AWAY like I said jason
    Hello Aussi,

    I have always revealed I work for FXCM, and while you're right about the possible conflicts of interest that could exist with dealing desk implementation, this discussion was originally about using an ECN broker to perform a swap trading egy. In fact, I would have recommended FXCM's No Dealing Desk (NDD) Foreign Exchange implementation to the OP (Amenlo) when he wasn't seeking 100:1 leverage or higher on exotic pairs such as USD/TRY and USD/ZAR. For risk management purposes, we've got higher margin requirements (lesser available leverage) for exotics.

    That said, on the NDD model which we supply to all typical accounts (2k account opening minimal*), FXCM offsets every customer order one-for-one together with the lowest prices out of http://bit.ly/2bhuUmE. The transaction sizes being discussed in this thread will easily qualify Avibe for a typical account and possibly even an Active Trader account (25k minimal) with FXCM.



    Since we don't take the market risk on the other side of customer trades on NDD, we don't profit from customer losses or lose from customer profits (even swap profits). Therefore, FXCM welcomes all trading egies including swap trading egies. The question is whether margin requirements for exotics are too high for the total amount of leverage Avibe needs, which is the reason I asked him just how much equity he would look to use in a true account.


    We also offer a Mini account type that uses DD implementation for traders looking to begin with as little as $50.

  2. #22
    quote so Correct.. .update thus far. . picture
    Thanks for the continued updates, Avibe! Please be aware despite what says I would love for you to have success swap trading.

    I have questions about this particular egy only because of the high amount of leverage you want to implement it. You mentioned having a 30 percent drawdown when the Floating P/L was -15k, therefore I assume your demo account began with a 50k balance. You also said just a hedge fund could pull off such a carry egy. How much equity would you think that it would take to create this egy viable over the long run in a true account?

  3. #23
    Member jgl2's Avatar
    82
    quote so true.. .update up to now. . image
    well done and keep the faith at the exchange trading no matter what the brokers are saying here

  4. #24
    quote So far, the daily volatility in P/L has been fairly dramatic!
    so true. . .update thus far. .


  5. #25
    Member jgl2's Avatar
    82
    Earning via swap is something pretty long shot, I would say surely better ways to earn accessible??
    like ?

  6. #26
    Junior Member CRISUOX's Avatar
    22
    Getting via swap is something pretty long shot, I would say surely better ways to earn available??

  7. #27
    Member jgl2's Avatar
    82
    quote Hello , First, congratulations on utilizing swap successfully within your trading egy! However, I want to address a misunderstanding you've about FXCM. We've got no problem with our customers utilizing a swap-based trading egy.
    that I have no mistake Jason

  8. #28
    quote 24hrs later this pool has earned $468.5 in favorable swap. . .while dd has diminished... to answer your question 40k max dd is a little biased in my side looking at past data. . .this egy wouldn't have survived 2014- Ruble devaluation 2015 - CHF meltdown 2015 ZaR, TRY, MXN crush. . .shorts were murdered. . .unless you additionally take long bets in their stockmarkets. . overall. . .good idea. . .but be cautious with black swans only a hedge fund can pull off this type of carry egy picture
    Hello Avibe,

    Thank you for your answer and also for continuing to share updates on the performance of the egy. I am sure I am not the only one curious about how it will play out over the very long term. So far, the day-to-day volatility in P/L has been very striking!

  9. #29
    [QUOTE= ;]quote nicely Jason I have seen some very good traders using the swap I'm among them , so people can understand no broker including fxcm like lending money away I have had just one account stoped by a broker since I utilize the favorable swap to make money thay did pay up , it does work if people possess the dollers in the account to maintain spikes in bay ,not written in books ;;;;

  10. #30
    Member jgl2's Avatar
    82
    quote Thank you for your reply, Avibe Again, please correct me if I am wrong, but it appears that I did read this properly. You are floating a 16k reduction on your demo after running this egy for less than 2 weeks. (I am assuming this time as you said you earn 1k a week at swaps, and thus far you've earned 1.4k) What makes you believe your risk is limited to 40k over 2 decades?
    Well Jason I have seen some very great traders with the swap I am one of them , just so people can understand no broker including fxcm like lending money away I have had one account stoped by a broker because I utilize the positive swap to Generate money thay did pay up , it will work if people have the dollers from the account to keep spikes at bay ,not written in books ;;;;;;;;;;;; WHAT GOES UP MUST COME DOWN , AND WHAT GOES DOWN MUST GO UP , only look at the charts for historic highs and highs and workout the positive swaps

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