FxMasterGuru's Posts - Page 42

The reason that new traders fail that doesn't involve psychology in New Traders Jun 03, 2015 at 22:05

Then the only alternatives are the CENTRALIZED Currency Futures markets...

The reason that new traders fail that doesn't involve psychology in New Traders Jun 03, 2015 at 21:54

I thought about it for the mentioned reasons... But then, you have to put up 1:1 leverage for the Liquidity Providers... and without REAL leverage, it is very unpractical...Unlless one wants to be another 'B-booking' Retail Casino...

The reason that new traders fail that doesn't involve psychology in New Traders Jun 03, 2015 at 21:30

Yeah... One must be a Crazy Trader trusting any Forex broker... I am just disgusted being a victim of Capital Trust Markets...Capital Trust Markets is still online - in spite of being de-registered by the NZ Authorities - advertising as the 'Most Trusted Name in Forex'... and being 'regulated by the Financial Services Provider of New Zealand'...Forex is FULL OF SCAMS... One has to be very careful about where to deposit funds... You may never see it again while your broker is driving a Lamborghini...

The reason that new traders fail that doesn't involve psychology in New Traders Jun 03, 2015 at 21:09

You are right, Man! There are some smart people here. No doubt you got so many 'Vouches' here... (alhough more than me).So there are two ways brokers deal with profitable 'swingers':1. They consider them as 'collateral damage': i.e. the 10%. But, please show me ANY MyFxBook account which could achieve at least +5% monthly profit with less than -25% DD on a single ACCOUNT which could fulfill these conditions. I have even started a MyFxBook thread in 2013(!) on this topic, but until today there has been no single account fulfiilling the stated conditions... So the 'Ca...

The reason that new traders fail that doesn't involve psychology in New Traders Jun 03, 2015 at 20:54

99% of brokers will 'B-book' you. In other words: they take the other side of the trade... So when you win, they lose... and when you lose, they profit (+spread + commissions ).I have even met a broker company owner who admitted that he was 'B-booking' everybody... Why...? Because 90% of traders lose...His broker firm does not have ANY Liquiidty Provider. He simply bets against his clients, the same way as Casinos do...Why...? For the same reason. 90% of the gamblers lose... In other words: HE IS THE CASINO!Oh, yes... What does he do with his profitable clients...? Simply attac...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jun 03, 2015 at 20:40

I guess there has been enough non-sense about this Newstrading strategy... Yes, it is profitable for some (especially for James...), but less profitable for 'smaller' account traders with less than 50k to invest... These are facts, which even James would not dispute (running his 'company' hidden from the taxman somewhere in the 'Solar system'...).So PLEASE, show at least ONE single account (running at a reputable broker) with at least 5% average monthly retrurn running at least for 2 years with less than 25% DD and THEN we can talk...Until then, please FU*K THE SHUT UP ...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jun 03, 2015 at 15:31

Sorry, Mthiya. Just returned from an overseas trip and I had to deal with these self-promoting intruders hijacking this thread. I will respond to you shortly.

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jun 03, 2015 at 14:34

@VPTrader 1. Most traders do not know that this newstrading strategy is managed by @ForexManagerDBA, so nobody could make a comment on it pro/contra. Neither me nor my friend have known it, just until recently.2. I am not authorized to publish someone else's account statement, but if my friend agrees, I will provide a screenshot.3. I accept that SOME or event MOST accounts are profitable with newstrader service, but THIS thread is not about the Newstrader strategy but about finding a single verified MyFxBook account link showing 5%+ monthly profits for the past 2 years with less than -25% ...

Mirakuru in Trading Systems Jun 03, 2015 at 14:09

Cool! Lets see what happens. The current DD is already borderline, so if your intention is getting investors, I suggest scaling it down.As mentioned: Most investors 'scream-cry-and-curse' even after 15-20% DD... As an investor I have seen it many times (although it was not me who did the crying).When the DD risk is only a 'word' most investors are 'risk-tolerant', but when it happens - WITHOUT A GUARANTEE OF EVER GETTING OUT OF IT - then the s**t hits the fan...

Mirakuru in Trading Systems Jun 03, 2015 at 14:03

Then probably it is better to start over on a new 'clean' account as the past DD messes up the statistics...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jun 03, 2015 at 13:31

@ForexManagerDBAAs you stated: '-30% AND GREATER IS EXPECTED DD WITH OUR 'HL VIP' Thanks for admitting AT LAST that it was possible and it was even 'EXPECTED'. Only my friend who trusted his fund on your strategy did not know about it... But that is OK... Right?I will let him know. He will so-so much relieved to know that his loss was 'EXPECTED'...

Im an investor. How to find a consistent traders? in Experienced Traders Jun 03, 2015 at 11:13

http://www.forexpeacearmy.com/forex-forum/services-offered/33791-probable-scam-professional-forex-manaegd-account-guarantee-main-investment-up-100-000-00-a-2.htmlWith some final advice from a Moderator of ForexPeaceArmy:' Again, I warn traders to avoid doing business with FxStay. Screenshots of trading records on FxStay's own website show a complete failure to have any form of risk management plan.Watch out for other websites related to FxStay.com. These include: forexsq.com miniforex.com topforexbrokers.com forexmanagedaccounts.bizI suggest real investors treat FxStay like...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jun 03, 2015 at 10:51

Why-why-why...? Maybe because of the -85% DD...? Maybe...?http://www.myfxbook.com/members/zippanx/suncrest-fx-fund-medium/1258368Funding your own account only with 33 USD, might be another 'red flag'...This thread is becoming a freak show... 😲

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jun 03, 2015 at 10:46

http://www.forexpeacearmy.com/forex-forum/services-offered/33791-probable-scam-professional-forex-manaegd-account-guarantee-main-investment-up-100-000-00-a-2.htmlWith some final advice from a Moderator of ForexPeaceArmy:' Again, I warn traders to avoid doing business with FxStay. Screenshots of trading records on FxStay's own website show a complete failure to have any form of risk management plan.Watch out for other websites related to FxStay.com. These include: forexsq.com miniforex.com topforexbrokers.com forexmanagedaccounts.biz I suggest real investors treat FxStay ...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jun 03, 2015 at 10:31

@IXBONE I agree. ForexManagerDBA's strategy can easily result in -30% loss, so his system is FOR THE BUCKET. You are right.If it had happened once, it can can happen again.Of course my friend's losing account - together with the other dozens of losing accounts - ARE NOT displayed by ForexManagerDBA, so the accounts he displays 'proudly' are CHERRY-PICKED. ** NOT showing losing account does qualify for 'cherry-picking'. **Since ForexManagerDBA hides losing accounts, WHATEVER HE STATES HAS NO CREDIBILITY WHATSOEVER._________________________________________________________...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jun 02, 2015 at 07:41

@ForexManagerDBA There is nothing wrong with MyFxBook's Monthly Profit calculation method.Actually it is very sophisticated as it considers deposits and withdrawals. So before making derogative statements against me or MyFxBook, please R-E-A-D about the mathematical formula how MyFxBook calculates Monthly Proifts. If you don't like it, please complain to MyFxBook. Maybe they will modify it just for you...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jun 02, 2015 at 07:16

Well, I guess it is not a secret that ForexManagerDBA uses a sophisticated NEWSTRADING strategy. So when B-booking brokers get fed up with the proofitable trades they simply delay the execution by 1-2 seconds and the order is filled at the WORSE possible price at the end of the spike. Many times the fills were even BEYOND the worst visible price on the chart as the brokers show only their 'best prices'. So the broker not only delayed the execution, but also slipped the fill badly.Of course, when it happens (getting fillied at the edge of the move or worse), ForexManagerDBA still tries ...

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jun 02, 2015 at 07:03

@zarni Sorry, did I miss something...? I don't recall anybody positing here a real verified MyFxBook account link showing a startegy performance fulfilling ALL stated criteria (by an account running at a reputable broker) and not using Martingale money management.Please correct me if I were wrong.

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jun 01, 2015 at 21:48

@ForexManagerDBA Come on... Go back to elemenatary school to learn to read and count The title of this thread says at least 5%. F-I-V-E.Your monthly profit is 3.7%. At least according to MyFxBook.Anyway, your strategy is disqualified as it had made my firend's account to lose 30% within 30 minutes. IT IS A FACT WHICH CANNOT BE DISPUTED.

5% average monthly profit for at least 2 years (with less than 25% max. DD) in Experienced Traders Jun 01, 2015 at 13:26

@YuriyZelinskiyThere is nothing wrong with their 'phenomenal' strategy which DOES WORK and it is LEGITIMATE. Also, it does not violate any broker's ToS. So your question is very justified.The explanation: 100% of brokers - which offer large leverage - 'B-book' their clients, even if they label themselves as 'ECN'. There is nothing wrong with being 'B-booked' as actually it can offer better executions (if no 'virtual dealer plug-ins' are attached). So when these guys strategy makes money: BROKERS LOSE, as all the profits come from their 'B-booking...

EURUSD	1.082	GBPUSD	1.29893	AUDUSD	0.66636
USDJPY	150.656	USDCAD	1.38307	USDCHF	0.86486

Posts by FxMasterGuru