Explain the mechanism. If I opened on one market maker, how can I now close on another market maker? - page 11

 
Vitalii Ananev:

Here's a counter question for you. Does a limit bid move the price?

The question wasn't for me, but I'll answer it, may I? For example, a limit bid inside the spread = instant change in spread to the level of the limit bid -> practically = a trade proper at that stated price. And a limit order to somewhere in the betting market is just a limit order to somewhere in the betting market. The price is not moved by orders, but by trades. The orders are the wishes roughly. The deals are fulfillment of these wishes. There are no deals and no price changes. It goes like this.

 
Aliaksandr Hryshyn:
Then explain how the DC will earn in case of successful trading of its clients? Are you saying that the spread, commissions can cover it all? Or they are counting only on the loss of securities? That's how casinos work. The only way to be guaranteed to be in the black with all the other nuances is to enter the market with an aggregate (maybe partial) position.
I'm not talking about crooks and stuff, it's pretty clear there.

Yes, in general they are counting on losing deposits. Need I remind you of the success statistics? In real money (not in percentages) it's even scarier. Successful traders may hedge and may not (because success is temporary and it all depends on the amounts).

 
Vitalii Ananev:

What difference does it make where a market maker works in the stock market or the over-the-counter market. Their functions are the same. You realise the main thing, your trades are not going to the market.

You also understand the main thing - you should absolutely not care whether your trades go to the market or not. You should care if you get your earnings on your first demand. How they do it is their job. You do yours.

 
Mikhail Chistyakov:

Yes, in general they are counting on depot draining. Need I remind you of the success statistics? In real money (not in percentages) it's even scarier. Successful traders may or may not hedge (because success is temporary and depends on the amount).

Are you saying that they don't have large clients? Large clients are more competent in this business, they are large for that they do less stupid things. Doesn't make any sense... Show a consistent pattern in terms of interests, DCs and their big clients. That some of them are stupid or addicted to gambling is not an option.
 
Mikhail Chistyakov:

You, too, must understand the main thing - you should absolutely not care whether your trades go into the market or not. You should care whether you get your earnings on your first demand. How they do it is their job. You do yours.

So you don't explain it to me, you explain it to the author of this thread. I haven't traded on forex for a long time, only the stock market. Read the very beginning, that's what started all this discussion. And in the end we got to a discussion about how market makers work and how they influence quotes.

 
Aliaksandr Hryshyn:
...Large clients are more literate in this business, that's why they are large, they do less stupid things...

This is a major semantic error in your statement, which is why the rest does not fit together. These things do not correlate from the word go.

 
Mikhail Chistyakov:

This is a major semantic error in your statement, which is why the rest does not fit together. These things do not correlate from the word go.

PAMM accounts are exactly my point of view. On average the relative drawdown is inversely proportional to the size of funds under management. This is obvious. Even you could say it is the law of life: smarter people are, on average, more fit for life (higher income, less trouble, etc.). Why this is not obvious to you remains a mystery :) .
 
Aliaksandr Hryshyn:
PAMM accounts are exactly my point of view. On average, the relative drawdown is inversely proportional to the amount of money in management. These are obvious things. Even, one could say, is the law of life: smarter people, on average, are more adjusted to life (higher income, less getting into trouble, etc.). Why this is not obvious to you remains a mystery :) .

Perhaps because I know little about relatively honest ways to draw you any beauty of a PAMM account. And I know people. They don't change from the amount of money they have. They very rarely change at all. But you are certainly entitled to your point of view.

 
Mikhail Chistyakov:

Perhaps because I know little about relatively honest ways to draw you any beauty of a PAMM account. And I know people. They don't change from the amount of money they have. They very rarely change at all. But you are certainly entitled to your point of view.

Which also proves my point :))). Divorcing a large number of people also requires some ability. I'm not talking about honesty and all that...
 
Aliaksandr Hryshyn:
PAMM accounts are exactly my point of view. On average, the relative drawdown is inversely proportional to the size of funds under management. These things are obvious. It's even the law of life: smarter people are, on average, better adjusted to life (higher income, less trouble, etc.). Why this is not obvious to you remains a mystery :) .

the leaders all have 70-80% drawdowns )

and smart money doesn't go into pams)

Reason: