Comments on: 3 Simple Ways To Avoid FXCM And Alpari Like Broker Risk https://www.tradingheroes.com/3-simple-ways-avoid-fxcm-alpari-like-broker-risk/ Discover Your Grail Trading Strategy Wed, 30 Jul 2025 07:34:33 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Hugh Kimura https://www.tradingheroes.com/3-simple-ways-avoid-fxcm-alpari-like-broker-risk/#comment-20331 Sat, 07 Mar 2015 19:43:48 +0000 http://www.tradingheroes.com/?p=9162#comment-20331 In reply to John Hommes.

Hi John,

Glad it helped. If you are only trading in demo, then you are still a few steps off from needing a secondary broker, so I wouldn’t worry about that right now. You can learn more about the courses I recommend here: http://www.tradingheroes.com/resources/

Happy Trading,
Hugh

]]> By: John Hommes https://www.tradingheroes.com/3-simple-ways-avoid-fxcm-alpari-like-broker-risk/#comment-20322 Sat, 07 Mar 2015 02:52:38 +0000 http://www.tradingheroes.com/?p=9162#comment-20322 I am an absolute newby at this trading game (forex) I have some experience in commodities. So I am not a complete financial tyro. I would like to know what happened in the CHF market and if you can point me to a specific site that would encapsulate the history of that, I would appreciate it.
I now have a dummy account with Oanda (based on your thoughts) and would like to know if you have further thoughts on a secondary account.
I have gone over your seven lessons regarding backtesting. Thanks for that. Lucid and helpful. Got any other courses?

]]> By: Hugh Kimura https://www.tradingheroes.com/3-simple-ways-avoid-fxcm-alpari-like-broker-risk/#comment-20046 Sun, 01 Feb 2015 19:18:41 +0000 http://www.tradingheroes.com/?p=9162#comment-20046 In reply to Henry.

Glad you liked it.

]]> By: Henry https://www.tradingheroes.com/3-simple-ways-avoid-fxcm-alpari-like-broker-risk/#comment-20035 Fri, 30 Jan 2015 09:19:54 +0000 http://www.tradingheroes.com/?p=9162#comment-20035 Oh I see! Thats a great idea.

]]> By: Hugh Kimura https://www.tradingheroes.com/3-simple-ways-avoid-fxcm-alpari-like-broker-risk/#comment-19922 Wed, 21 Jan 2015 12:31:59 +0000 http://www.tradingheroes.com/?p=9162#comment-19922 In reply to Henry.

Hi Henry,

Yes, unfortunately it takes events like this to make us realize that we need to have a backup. But better late than never.

Good question. How much money you keep in your account will be a personal preference and depend on your goals. Obviously, nothing in this post is financial or trading advice. However, given the leverage of Forex, you can still take risks in your trading account based on the money in your holding account, plus your trading account.

For example, if you have $10,000 to trade, you could put it all in your trading account. But if the broker goes down, you lose all that money.

However if you can also put $2,000 in your trading account and $8,000 in your checking account. If you are risking 1% per trade, your risk per trade will be $100 on the total $10,000. Risking $100 in a $2,000 account is totally manageable, if you are using leverage. The upside is that now you have $8,000 safe in an insured account. As your account grows, you can keep a little more money in your trading account, but the percentage will probably be about the same.

Hope that gives you some ideas.

Cheers,
Hugh

]]> By: Henry https://www.tradingheroes.com/3-simple-ways-avoid-fxcm-alpari-like-broker-risk/#comment-19912 Tue, 20 Jan 2015 16:40:10 +0000 http://www.tradingheroes.com/?p=9162#comment-19912 Hi Hugh,

Before this crash occured, I was pretty ignorant of this broker risk. Thank god I hold an account with oanda too and I dont trade the CHF pair, so this event didnt affect me. But this really got me thinking, anything can happen and I really need to start taking this broker risk into consideration.

With regard to Point 2, What’s the best way to grow your trading acct then? If we were to keep withdrawing our profit every month, then the compounding effect will be affected..

Regards
Henry

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