Forex broker news trader ea free


Updated February 17, Here in Australia — and around the world — foreign exchange firms forex broker news trader ea free selling the dream of instant riches. But for hundreds of Australia's 51, mum and dad retail forex traders, that dream has turned into a nightmare.

The ABC can reveal that more than retail foreign exchange traders in Australia — often small investors who dabble in the forex market in their spare time — have suffered massive losses on their trading accounts. On January 15, the Swiss National Bank sent foreign exchange markets into a spin when it unexpectedly removed a cap on its exchange rate.

The cap was in place to stop the Swiss franc appreciating too much. The franc was seen as a safe haven, and an overvalued currency would make its domestic economy uncompetitive, and hamper economic growth.

When the cap was unexpectedly removed, the franc appreciated by 30 per cent in an instant against the euro, and foreign currency traders holding the franc made windfall gains.

But those on the other side of the transaction were left scrambling to cover their losses and, in the case of some of the world's biggest foreign exchange trading firms, exposed to hundreds of millions of dollars in losses. FXCM's clients accept that they were liable to lose the capital forex broker news trader ea free had contributed to their foreign exchange trading accounts. However, they argue that FXCM had a widely-advertised policy of "no negative forex broker news trader ea free debit balances", and its poor risk management led to losses spiralling out of control.

It is FXCM's policy to credit retail trading accounts to a zero balance when debit balances occur as a result of trading. One of the greatest concerns traders have about leverage is that a sizable loss could result in owing money to their broker. At FXCM, your maximum risk of loss is limited by the amount in your account.

All accounts are tracked by our "Margin Watcher" feature. With the Margin Watcher feature, if account equity falls below margin requirements, the FXCM Trading Station will trigger an order to close all open positions.

FXCM's aggrieved Australian clients argue that other brokers navigated the Swiss franc shock in much better shape than FXCM because they had better risk management practices in place, and their clients' accounts were closed out quickly before losses spiralled out of control.

Because currencies tend to move in small increments, foreign exchange traders use leverage, or borrowing, to accentuate their profits. However, with leverage comes the risk of greater losses when currencies move against the trader. FXCM has confirmed that of its 16, Australian clients had a negative balance as a result of the Swiss franc event.

The company said it has notified 10 clients that their negative balances need to be repaid. In the wake of the global financial crisis, the United States put a handbrake on the retail foreign exchange industry, limiting it to a maximum leverage ratio of The Australian Securities and Investments Commission says the question of greater controls is one for Government, but it forex broker news trader ea free repeatedly warned consumers that leveraged foreign exchange forex broker news trader ea free is a risky product.

However, forex broker news trader ea free of the Swiss franc meltdown argue that ASIC should have policed the industry more thoroughly. Because this time it happened in the currency space, but who knows what is the next time bomb? First posted February 12, If you have inside knowledge of a topic forex broker news trader ea free the news, contact the ABC.

ABC teams share the story behind the story and insights into the making of digital, TV and radio content. Read about our editorial guiding principles and the enforceable standard our journalists follow. The Dan Murphy's app alerts the store when the customer is within metres. Other retailers are set to join it in using shopper location to revolutionise shopping. New footage of sheep transport conditions is shocking Australians, but live export has taken place since colonial times.

Forex broker news trader ea free could be more serious than the prospect of a criminal investigation into a payment that arguably influenced forex broker news trader ea free presidential election result, writes Anne Barker.

Keenan Mundine was separated from his brothers after he lost his parents and was placed in out-of-home care. Like too many Aboriginal kids, this was the start of his path to the justice system. Exclusive by business reporter Neal Woolrich. Australian retail foreign exchange traders lost millions due to the Swiss franc's sudden appreciation last month.

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Update and analyse traders data in real time: Connect your results to Facebook and Twitter. Connect with traders, Facebook and Twitter, expand your network, read news in forex and finance, and check your portfolio network. Get informed and react to market changes on-the-go. FxStat features are available for your iPhone or Android mobile device. Our Webtrading allows you to perform trades using only a browser.

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Become a forex leader and let the network follow forex broker news trader ea free portfolio performance while earning from their success. If you are an MT4 user but do not see your broker listed, don't worry.

Forex broker news trader ea free ahead as FxStat works with the MT4 of any broker. Please contact us to add your forex broker into our social traders network, and to spread the news via FxStat, Facebook and Twitter. Trading foreign exchange "Forex"Commodity futures, options, CFDs and SpreadBetting on margin carries a high level of forex broker news trader ea free, and may not be suitable for all investors. Before deciding to trade foreign exchange "Forex"Commodity futures, options, CFDs or SpreadBetting you should carefully consider your monetary objectives, level of experience, and risk appetite.

The possibility exists that you could sustain a loss of some or all of your deposited funds and therefore you should not speculate with capital that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange, Commodity futures, options, CFDs and SpreadBetting trading, and seek advice from an independent advisor if you have any doubts.

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Traders track record and portfolio Update and analyse traders data in real time: Social traders network Connect with traders, Facebook and Twitter, expand your network, read news in forex and finance, and check your portfolio network. Go mobile Get informed and react to market changes on-the-go. Copy traders Subscribe to a portfolio and simply copy the successful forex and stock traders.

Web Traders Connect your trading account and you will no longer need any special forex trading software. AutoTrader Implement a portfolio of manual or EA traders with the freedom, and control, to choose your successful traders portfolio via our social traders platform.

Go ahead as FxStat works with the MT4 of any broker Please contact us to add your forex broker into our social traders network, and to spread the news via FxStat, Facebook and Twitter. About Us Facebook Twitter Sitemap. Risk Disclaimer Trading foreign exchange "Forex"Commodity futures, options, CFDs and SpreadBetting on margin carries forex broker news trader ea free high level of risk, and may not be suitable for all investors.