hotpsotfx as pure agent

Discussion in 'Forex Brokers' started by ssss, Mar 27, 2008.

  1. ssss

    ssss

    Gentlemen

    Any statement about your experience with hotspotfx
    would appreciated .

    Author to date have two demo (one through currenex)

    It is only downloading version (Currenex variant more as 20 mb,hotspotfx 3 mb )


    Your respectfully
     
  2. ssss

    ssss

  3. ssss

    ssss

    In e-mail to the author hotspotfx stated to be pure agent of principal -no trading desk ,no proprietary account and no income from proprietary trading .

    In
    http://www.hotspotfx.com/trading/faq/
    you can read

    Who is the counterparty to my transaction?
    Hotspot FXr is the counterparty to all transactions.


    Definition of "counterparty " related to the conflict of the interess .

    If company is pure agent ,conflict of interess (motive for this con-flict ,grounds for conflict) not exist ...

    Some comment welcome ...
     
  4. ssss, you seem really paranoid about this 'conflict of interest' issue, what exactly are you trying to do?
     
  5. ssss

    ssss

    ssss, you seem really paranoid about this 'conflict of interest' issue, what exactly are you trying to do?
    *************************************

    " I have made not all error's ,for another was alsov chance"

    Napoleon(later used from W.Churchill)

    For each operator exist complex risk issue -operative ,technology ,legal

    In case of ideale broker ,which is not exist , possible to make
    100% loss in one day ,as example with deep in the money options (with more as 80% intrinsic value)

    Must try to limit different kind of technology and legal risk

    AMTS ,OXPS ,SWIM offer 3 platforms -html,java,downloading

    Hotspotfx -only one

    AMTD ,OXPS,SWIM -offer SIPC account , hotspotfx only segregated funds in U.K.

    AMTD ,OXPS,SWIM well capitalized . Hotspotfx belong to NITE
    but company risk capital is only 7 mln $

    Account minimum by Hotspotfx is 7500 $ (2000-2500$ by mentioned brokers)

    AMTD,OXPS,SWIM give full liquidity of the market ,hotpsotfx
    only fractional .

    All are pure agent of principals -AMTD,OXPS,SWIM ,Hotspotfx
    ''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''

    Why must try to trade forex spot in this case ?

    Which is your argumentation for spot fx by hotspotfx ?

    Buffet -shares, Minervini -shares,J.Simons -share , Mark D.Cook -
    future and options , Martin Schwartz -future .

    Soros and B.Covner result'S are very good by worster as by
    Simons Medallion (70 % per year average before fees 18 years )
     
  6. No argument for Hotspot specifically, or for trading forex against any other market, I think it depends on where your experience lies and how much capital you are trading.

    Personally I prefer trading currencies as I find it easier to fundamentally and technically analyse the market. I prefer trading cash against trading futures for a number of reasons.

    That's just me though, everyone's different I guess.

    It's not relevant to the topic, I just thought I'd reply to keep it alive for you :)
     
  7. I don't use them, but I called them the other day.

    Hotspot min is 3500 now.

    They only get price feeds from 4 banks. They are looking to add a 5th soon.

    $6/100k in comm.
     
  8. ssss

    ssss

    No argument for Hotspot specifically, or for trading forex against any other market, I think it depends on where your experience lies and how much capital you are trading.


    Yes that depend from indoktriantion,but conditions of different industry segments must be compared .

    Author suspect Hotspotfx is best for spot fX ,if operator have enogh
    capital
    ########################
    Personally I prefer trading currencies as I find it easier to fundamentally and technically analyse the market. I prefer trading cash against trading futures for a number of reasons.

    It is personality -very can be ...


    ****************************
    That's just me though, everyone's different I guess.

    It's not relevant to the topic,


    It is very relevant to topic
    -planing is realted to search of alternative
    ******************************
    To knowledge -Future trading have very old history -dated to first Philosof
    Thales and ancient cultur
    http://www.iep.utm.edu/t/thales.htm.

    Currency spot only 40 years with founder as M.Friedman

    Adam Smit was very related
    to work of J.Lokk -"Treatise to goverment" and last is plagiat from Aristotel ( This was integrated in
    Bibel from Thomas of Aquin)

    Teaching of M.Friedman is instrumental plagiat ...

    From this point of view development of Gold market after september 2001
    give clear indication ,what would with
    price of gold,wheat ,meat in case of
    true war (not act of terror) ...

    This point of view (policy.foreign policy,war ) would decisive ...

    Gold business of eCBOT acquired from
    Euronext/Nyse
     
  9. ssss

    ssss

    Hotspot min is 3500 now.
    ################

    1. Account opening file by www.hotspotfx.com
    stated 7500$ for individual

    2. Platform is good ,but not secured
    with html version for heavy network conditions
    (AMTD,OXPS ,SWIM have that)

    Did Currenex(www.currenex.com) offer any variant of no downloading version as reserve to downloading hotspotfx ?

    3.. Why is this difference demo direct from hotspotfx -3 mb ,from currenex equal
    hotspotfx -30 mb ?


    Your respectfully
     
  10. ssss

    ssss

    14. Corner in Oil

    Thales's reputation for wisdom is further enhanced in a story which was related by Aristotle. (Politics, 1259 a 6-23). Somehow, through observation of the heavenly bodies, Thales concluded that there would be a bumper crop of olives. He raised the money to put a deposit on the olive presses of Miletus and Chios, so that when the harvest was ready, he was able to let them out at a rate which brought him considerable profit. In this way, Thales answered those who reproached him for his poverty. As Aristotle points out, the scheme has universal application, being nothing more than a monopoly. There need not have been a bumper harvest for the scheme to have been successful. It is quite likely that Thales was involved in commercial ventures, possibly the export of olive oil, and Plutarch reported that Thales was said to have engaged in trade (Plut. Vit. Sol. II.4).



    http://www.iep.utm.edu/t/thales.htm#H14
     
    #10     Mar 28, 2008